wrote this quickly, feel free to cleanup the content.

I am not a financial or investment advisor. These are just my opinions. Talk to a professional before investing

1st time trading Aug 2017 ( aka or gambling ) and currently at 500% return. (Take away - If you are disciplined and thoughtful. You can make good money on the side)

I will go over the following most common ways most people make money in this space

1. Trading
2. ICO’s - Early investing
3. Trading Automation Platforms or Bots
4. Mining
5. Arbitrage
6. Pump & Dumps
   Video Top 5 ways to invest in crypto part 1
   

Part 2

Top 5 ways to make money with crypto:

Which investing strategy leverages your strengths

1. Trading coins on the exchanges -

Check out: https://coinmarketcap.com/exchanges/volume/24-hour/all/

• Swing Trading -
  • Usually full-time Gamblers
  • Part-time - 90% of day traders perform worse than the market
• Pick and hold - Can do well part-time
  • Don’t look at it every day. Longterm investments.

TAKE AWAY
Pick and hold has been the where most of my returns were. I sometimes try and time the market and buy when its low which is hard to do and I miss the mark sometimes. I been best off with usually try and do my research and pick a coin then just check the price in on the news every few days.

I did a rarely do Swing or day Trades and I sometime 30% or earn 30%. I might be ahead 10-20% with a few swing trades. Symptoms are usually lots of stress and missed hours of sleep.

2. ICO’s - Early investing -

Check out: https://www.icoalert.com/

• Are unique since people pre order the tokens and sometimes they dump them after they get pumped after they hit the exchanges or they hold them for the long run
• High risk high rewards Swing
• For anyone who is interested in investing even if your not accredited investor (this is where a lot of companies are going to get in trouble with the SEC)

TAKE AWAY
Needs a lot of research and a bit more complicated awhere you need to read the details due to the risk being higher and less known about the team and project at times. ICOs are also volatile when these coins hit the exchanges

3. High frequency trading bots -

• Trade like a data scientist
• Usually need software and likes technology automation
• Appealing to developers

TAKE AWAY
Tried trader daddy. I actually wrote a trading bot in collage in java for a trading competition. It didn't didn't see . Most people suing these talk about 1%-5% returns a month, but with the market being so volatile where coins prices change 30%-100% in one day, it doesn't offer additional returns and makes liquidating assets more complicated and is a decent amount of effort to set up. You also need to trust the bots won't mess up and cost you a ton of $.

You will be turning this into a career to get good at it and would serve you to get strong in machine learning classes

4. Mining - For the IT Traders involving working with hardware

• POW (proof of work) - computational intense problems solved on a network to validate transactions contracts - Usually requires large rigs and expensive set ups
• POS (proof of stake) - distributed accounts use the network to validate transactions (after traction has been established) - Requires more capital and less hardware

TAKE AWAY
Did POS and little to no mining. Returns aren't great, usually if you start real early you can do well, but will also require you to do your research on the coins

5. Arbitrage - Taking advantage of the difference or (spread) of difference in currencies on different accounts

• Done manually with exchanges - able to adopt to unique paths with new exchanges or coins combinations
  • Internal Arbitrage in one exchange (ex. kucoin btc / neo ($100) <-> eth / neo ($105)
  • external Arbitrage between exhanges: Kucoin btc/neo ($100) <-> bittrex btc/neo ($95) https://coinmarketcap.com/currencies/neo/#markets
• There are arbitrage bots / software out there - some do trading and some don’t

TAKE AWAY
This is time consuming and looks like there are opportunities while these exchanges are young. When you find some good spreads you can make a decent 5% spread without too much risk.

6. Pump & Dumps - Insider Trading

• Secret info - Capitalizing on important information that the public doesn’t have
• Hype - Create hype or rumors to either move a coin up or down after you made a position

TAKE AWAY
Researched this a lot and seen a lot of questionable ethical behaviour in this area with examples of people making money and bragging about it in a bad sales man way and lots of horror stories of people losing money.

Conclusion

As an software engineer and hobby trader I tried or researched a lot about the above tactics and the only way I found to sleep at night is by choosing a 3-6 coins that I can hold for the long run. More than 6 is hard keep track of without needing to quit your day job and still sleep soundly at night.

Trading bots

https://www.traderdaddy.com/password/reset
https://gimmer.net/
https://www.haasonline.com/pricing/
https://thecryptobot.com/

Article about trading bot

Understanding how bots impact the market

https://steemit.com/cryptocurrency/@dannnielli/are-trading-bots-steering-prices-of-coins-on-bittrex

There are lot of dumb and predictable behaviours of bots so you can pretty much trick them into doing things - can use this process probably make a bot that takes advantage of other. Let me know if you want me to talk about this.
https://steemit.com/bitshares/@eirik/how-to-outsmart-trading-bots

Arbitrage Bots

https://steemit.com/cryptocurrency/@raviraj/top-6-cryptocurrency-arbitrage-bots

Pump & Dumps

(Careful since this is a scamming community and they scam each other all the time)
pumpmycoin.com
search twitter and telegraph for pump and dumps groups