How to Make Profits with a Minimal Investment: Top Strategies in 2024

Introduction

In the world of cryptocurrency, making profits can be challenging, especially when you have $100 or less. You may have heard lots of success stories about poor people and how they became millionaires just overnight. Having $50 in the pocket and all of a sudden $50,000 right after closing a future position.

Setting realistic expectations

In reality, having $50–100 in your pocket will likely not lead to such massive returns in a short period of time. Instead, there is a significant risk of losing it all in one day or even faster. I would like to share with you my tips and tricks, giving you a higher chance to double or triple this amount of money. I'll rate my list of tips from the least secure (with a higher chance to lose) to the most secure.

Futures Trading

By itself, futures trading is a good opportunity to multiply your money. There are lots of factors that make it impossible. With my 5 years of trading experience, I want to tell you that it's insanely hard to trade cryptocurrency due to several factors:

Human Factor

Sometimes emotions are out of a human's mind; instead of trading with fixed leverage and strategy, people can be greedy after successful trades and fearful after losing. You should think carefully and rationally before opening a new position.

I remember when I started trading and had a series of successful trades with my 3x leverage. However, I was greedy and turned it to 10x and lost all my profit. After that, I used 20x leverage and wiped out all my money. The next day, I hoped for a "revenge" to regain what I had lost the previous day. I lost it again, stopped trading for three months, and started to learn how to do it rationally, step by step.

Entry Point

You should be confident in your open position and entry point to keep it even if it is close enough to liquidation. Many times I had the situation when my position was -50% and I fearfully closed it, but after the price reversed. I regret my decision because of a lack of confidence.

When I was an inexperienced trader, I opened a position at a strong support level. The price dropped significantly, and my position was down 50%. Despite the fear, I held on because my analysis showed strong support. The market eventually reversed, and I closed the position with a 30% profit.

Trading is a Skill

Trading is a skill that requires learning and practice. Only a small percentage of traders consistently make profits. For beginners, futures trading is particularly risky and should be approached with caution.

Spot Trading

In other words, buying and holding cryptocurrency. Holding some cryptocurrencies could be a good idea for a small wallet. However, your earnings will be minimal, and the period of holding may vary from one month to several years. It only works when you have a stable, minimal income. You could invest in crypto for a long time.

For a secure cryptocurrency investment, I wouldn't recommend dealing with newly added coins or meme tokens because the risk of losing is higher than investing in Bitcoin and Solana, for example. Pick something nice and stable and buy it weekly or monthly, depending on your income.

For example, if you had bought $100 worth of Bitcoin in 2022, you would have about $300 by the end of 2023, demonstrating the potential of holding established cryptocurrencies over time.

Investing in Crypto Miners

Crypto miners are individuals that use computational power to verify transactions on a blockchain network and secure the network by solving complex mathematical problems. This process is known as mining, and it is fundamental to the operation of many cryptocurrencies, especially those that use Proof-of-Work, such as Bitcoin.

Cloud Mining

You can maintain cloud mining using desktop software, a mobile app, or even a browser extension. It's like renting a remote crypto mining machine for a small monthly price. As a result, the value of mined crypto (in most cases, it's Bitcoin) is not worth the money you wasted on renting.

My own experience shows that after six months of mining costing $600, I received crypto valued at around $380. Of course, after the historical increase in Bitcoin price, I have more than $380, but the point is, in output, I've received less than I invested.
Crypto Reward Projects

There are lots of crypto reward projects I used, and most of them are scams or phishing schemes. They promise you high rewards for doing nothing, but the result is not even close. However, I used the Cheelee mobile app for a decent amount of time and want to share with you my opinion.

This app is like watching short videos on TikTok, but using digital glasses(it's kind of NFT) that have a fixed number of uses before they break and need to be replaced. For example, if you bought glasses for $10, you would get $10–$12 in return. As you can see, it's not a scam, but you will earn about 10%–20%, depending on the price of the glasses you purchased.

Conclusion

Starting out in crypto with a small budget is tough, but not impossible. From my own experience, I’ve had my ups and downs—especially in futures trading, where overconfidence led to losses. I quickly learned that greed can ruin even a good streak. On the other hand, spot trading has proven to be more reliable for me, with steady gains over time.

Cloud mining wasn’t as profitable as I had hoped, with returns falling short of what I invested. My biggest takeaway is to stay patient and avoid rushing into risky trades. If you're starting out, focus on learning, start small, and be prepared for a bumpy ride. Crypto rewards come with time and experience.