Theres lots of ways to make money with cryptocurrency. I tried the mining route, but my utility rate is too high and cloud mining is just slow, in my opinion.
I'd rather have the tokens themselves, so just buy them, why waste money and time on equipment?
These days, I do trading.
I bought $1000 of Bitcoin about a month ago when it was $13133, so with Bitcoin in the $19,000 range, my balance is now at $1400. So I so I made $400 profit by letting it sit there. Should Bitcoin drop too much, I can always trade it for a stable coin, like Tether, and not lose value (minus transaction fees). That's the concept of value trading, basically you buy a chunk and based on trends, forecast, strategy or hope/hype that value goes up over time.
But I also do day trading, this stuff is anxiety provoking fun. In this case, the actual price doesn't matter, you aim for a percentage gain, watch the moving averages and buy when the price drops and sell when prices spike. I use the exchange "Binance" for their low transaction rates. Two months ago I started with $500 of Ethereum, I didn't stick with the same currency, probably traded a few dozen by now. The balance is just under $700, or about a half-percent gain per day. My goal was 1% a day, so I've lost here and there.
Right now I've taken an interest in trading "bots", which is basically software that does the buying and selling of trading for you, running 24/7. It would be nice to eliminate the greed, impatience and emotion from trading. I'm not going to be a millionaire, but I'd love a computer upgrade next year from this. I have my eye on Zen 4.