How to make money investing in cryptocurrencies

You should be investing in cryptocurrencies

0 1,037

Hi there. So as you probably know the market capitalization of the cryptocurrencies industry as a whole is itching its way close to a trillion dollars. Despite the phenomenal performance over the last year, many are still afraid to take part in the flourishing industry which grants individuals the possibility of building wealth from the comfort of their cozy homes or any other place.

The times we live in are almost nonsensical to those who are distant from tech. Blockchains, Ethereum, Internet of Things, Proof of Work, transaction, stake. Billions of dollars shift on a day to day basis from one individual to another. Tech startups and enthusiastic Blockchain teams are capable of raising tens of millions of dollars in a matter of minutes. Crazy right?

Without a doubt, there is a shift taking place, and you should be a part of it. Let me tell you how?

Your first steps to making money via cryptocurrencies. 

If you’re a responsible individual, and I hope you are, then you should be tracking your finances to the best of your ability. You need to know what money you have where and how it’s. What I mean by that is you need to track your cryptocurrency investments so you know where you are making profits and where you are sitting at a loss. Use Blockfolio or Delta for that, both good, Delta is better, your choice. I won’t explain how to set them up and add transactions. But if you can’t figure that out for yourself then you probably shouldn’t be throwing your money around chasing good ROI’s.

Buy Bitcoin or Ethereum. 

You can’t throw a dollar bill at a cryptocurrency and call it a day. Nope, first, you need to buy some bitcoins or Ethereum. For that, you need a bank account, debit/credit card. A good bet is using Coinbase for that. But I wouldn’t, they take too long. Gemini is pretty good too, quick verification, nice service, and you can cash out on your cryptocurrency gains quite easily. Revolut & Lykke are also options. There’s also Coinmama, albeit fees are high. All you have to do is sign up, link your bank account and get verified. Then you can buy away.

Get registered on other cryptocurrency exchanges. 

Sure you can make some money by just buying Bitcoin and Ethereum and sitting on it. But that’s not where the real gold is. The real gold is in buying alternative cryptocurrencies. This is not really all too challenging. All you have to do is register on cryptocurrency exchanges that offer them. Like Binance, Bittrex, Cryptopia, CoinExchange, Next.Exchange, Kucoin, and others. Get registered on these exchanges and transfer your Bitcoin/Ethereum. I’m not gonna go into all of the details of actually trading on an exchange. But here’s a nice guide I found that can get you up to speed.

How do you know which cryptocurrencies to buy?

Now, that’s the most important question. In a sense, cryptocurrencies are like stocks of a company. Their price fluctuates depending on news, events, communities, exchange listings, progress, and etc. You don’t want to buy just any cryptocurrency because you might lose a lot of money. So, what you need to do is search, read, and study. Go to Coin Market Cap and look at potential investments. Here you can find everything pertaining to a cryptocurrency, including its team, social media pages, chats, and much more. Browse Reddit boards, such as this one.

The draw.

Investing in cryptocurrencies isn’t difficult. You can do it in any state of mind, you can even be drunk when doing it. I was when I made 7 times my initial investment in XVG. You can too. Check this out. Let’s look at Neblio.

Imagine if you put $1,000 into Neblio when it was $9.25 on January 6th. You would now have over $6,2000 dollars in profit, in less than one week. That is ridiculous profit off of a $1,000 investment. That’s a years worth of college tuition in some places. That’s half a year’s rent, if not more somewhere too You could now cash out half of these profits, 20%, 30%, 10%, and convert your cryptocurrency profits into dollars or euros on one of the exchanges previously discussed in the 2nd subheading.

To be quite frank, I do not know why more people are not investing in cryptocurrencies. You are living in a great time, one in which it has never been easier for you to build your wealth. Please open eyes. What if you would have invested not $1,000 in something like Neblio, but $2,000, or even $10,000. Do not miss your opportunity to invest in cryptocurrencies. The train is only getting faster.




You might also like