How I Made Money in Crypto as a Total Newbie - TRON (TRX) to the Rescue!

I'm not gonna lie, everyone's talking about making money in crypto right now. Sure, some people are raking it in, but let's be real, it's not easy to make a steady profit. You need to put in the time and effort to really understand what you're doing.

Can a total newbie, someone who's never really dabbled in finance, make money in crypto? I'm living proof that it's possible, even if I didn't exactly dive headfirst into the world of crypto. Now, I'm gonna share my experience with working with TRON (TRX).

So, how do you make money in crypto? There are basically two ways:

1. Playing the market fluctuations. Crypto prices are all over the place, constantly going up and down. You can make a profit by buying low and selling high, but it's not as easy as it sounds. You need to be on top of the trends, and even then, it's a gamble. I tried this approach, and while I did make some money, I also lost it all when the market tanked. I didn't really make any progress.

2. Investing in a crypto with a solid growth trajectory and waiting for the price to go up. This one's a bit more straightforward, but you need to pick the right crypto. Not all of them are going to increase in value.

I went with the second option, and I chose TRON (TRX) as my investment.

A little about TRON (TRX):

TRON (TRX) is the native cryptocurrency of the TRON blockchain platform, which supports decentralized apps.

TRON launched in 2017 in China and positioned itself as the 'Ethereum killer.' The project aims to simplify the development of decentralized apps and support smart contracts from other blockchains.

TRX can be used as a payment method for transactions and purchases, including online services and prepaid cards.

You can store the coin in the official TronLink wallet or in popular crypto wallets like Trust Wallet, Exodus, Coinbase Wallet, Trustee Wallet, and others.

Why did I choose TRON (TRX)? I looked at the price charts for various cryptos over a long period and found that TRON (TRX) is one of the few that consistently goes up, even with significant fluctuations.

I\'m not gonna lie, I didn\'t put in a huge amount since I\'m a newbie. I decided to start with a small investment - I allocated 2000 rubles for it. I didn\'t bother setting up a special wallet, since most decent payment systems have cryptocurrency wallets, like Webmoney, Payeer, FKVault, and many others. I already had a Payeer e-wallet set up, which also had a TRON (TRX) cryptocurrency wallet. I decided to use Payeer for storing and operating with TRON (TRX).

Through Payeer\'s internal exchange, I bought TRON (TRX) at the current exchange rate (which was at the beginning of September 2023). I spent 1999 rubles on the purchase. This is the initial amount, and all further assessments will be made from this point. After that, I just sat back and watched the changes in the ruble amount on my Payeer wallet. As TRON (TRX) rose in value, the number of rubles on my wallet increased, and it was super convenient to evaluate the investment\'s profitability in rubles.

TRON (TRX) started showing a small but steady growth. I began taking screenshots of my Payeer wallet to track the changes in the exchange rate. And by October 2nd, thanks to the growth of the TRON (TRX) rate, the amount on my wallet had increased slightly, but it was still a growth.

By February 5th, 2024, I could already assess the effectiveness of my investment. After 4 months, the profit was noticeable (considering the initial amount invested in buying cryptocurrency was pretty small).

I didn\'t buy or sell TRON, the amount of cryptocurrency remained the same, but its value in rubles kept increasing.

Just 10 days later (February 15th, 2024), the amount on my account exceeded 3000 rubles.

By February 27th, the amount on my account had reached 3337 rubles. During the summer, the exchange rate fluctuated around 3500 rubles, with some pretty significant swings. Sometimes the rate would drop, but it would always bounce back quickly.

By August 23rd, 2024, the amount on my account was even more impressive.

And then in the fall, the growth just went wild. By October 25th, the amount on my account had exceeded 4000 rubles (remember, the initial investment was just 1999 rubles?)

I'm still blown away by how quickly my investment in TRON (TRX) has grown. Just 16 days ago, my balance was already over 5,000 rubles.

And now, on November 30th, 2024, my balance is a whopping 5,699 rubles (sometimes it even hit 5,800 rubles, the price is super volatile).

So, here's the deal: I put in 1,999 rubles with zero knowledge of cryptocurrency, and I'm now sitting on 5,699 rubles - that's a 285.1% return in just 14 months. I mean, you won't find that kind of return on any bank deposit, stocks, or regular currency investments. I'm seriously wondering what would've happened if I had invested a few million instead of just 1,999 rubles... but that's just a pipe dream.Anyway, TRON (TRX) seems like a solid choice for investments and savings, with a clear upward trend in its price. Of course, you gotta keep in mind that cryptocurrency investments are pretty high-risk, with prices fluctuating wildly.

Update: As of now, TRON is already over 6,200 rubles. But when the South Korean president tried to become a dictator in December 2024, TRON skyrocketed to 10,500 rubles! Too bad I couldn't sell at that price.