Today we are witnessing an era of rising currencies that can’t be “touched” physically.
It messes with our minds how people make money of cryptocurrency. But, more or less we are all skeptical about those things. And in reality we don’t know them well, or we have not read anything about it.
People tend to trust the things they touch so investing in cryptocurrency is for most of them very risky thing. BUT, not all of us are scared of investing in something we can’t “see”.
With the rising of the Bitcoin and developing of other cryptocurrencies many people became obsessed on how to make and how to invest in them. So, today everyone can invest their savings or get a credit from their banks to invest and start making money from those invisible currencies.
Let’s see some info on why today is the right time to invest and how can we earn from Cryptocurrency.
HOW TO EARN FROM CRYPTOCURRENCIES
The future belongs to cryptocurrencies-digital currencies that are far more manageable and easy to regulate. And protect using advanced encryption techniques and investment strategies. Given the promise and return potential of cryptocurrencies, investors have been turning away from more traditional investments in favor of these dynamic and lucrative digital assets.
Almost all of these digital currencies are on transfer. Meaning they lack a regulating institution such as a central bank that can alter their value overnight. This means that control over most cryptocurrencies is entirely in the hands of buyers and sellers. Which instills more confidence in the system and subsequently brings higher potential returns. They’re also manage with advanced encryption techniques, which help prevent fraud and devaluation from speculation.
All this might sound a bit daunting, but it’s actually remarkably easy to start investing in cryptocurrencies. With zero experience and a relatively small amount of money. In fact, courses like the Beginner’s Guide to Cryptocurrency Investing can get you ahead of this financial revolution for just $15.
Buying and holding
The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also familiar as “hodling”). If this is the case then you need to decide for yourself if you think this is a good time to buy. Meaning, do you think the price will continue to rise.
Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just starting, but that’s my own opinion and you shouldn’t consider that as investment advice as well.
A few pointers for buying and holding Bitcoins:
- Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
- After buying Bitcoins make sure to move them into your own personal wallet and never leave them at the exchange. My personal recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware budget, try a paper finances.
- Make sure to buy Bitcoins only from exchanges that have proven their reputation.
- Buy Bitcoins through Dollar cost averaging. This means that you don’t buy all of your Bitcoins in one trade but instead buy a fixed amount every month, week or even day throughout the year. This way you average the purchase price over the course of a whole year. Here’s a short video to explain this concept:
Which cryptocurrency to invest in?
Cryptocurrency traders have become accustomed to their prices violently whipsawing up and down in waves. A 30% drop in the Bitcoin price in May preceded its recent peak by about two weeks. But the current price appears more sustained. Though the cryptocurrencies, rooted in a technology system known as the blockchain, have each since recovered some of their losses, they have yet to come anywhere close to their highs.
Of all the cryptocurrencies on the market today, Ethereum and Bitcoin continue to haunt the news cycle along with the dreams of investors. This is largely because they do not seem to be going away. Bitcoin is the wonderkind, the first of the virtual currencies to emerge from the seedy murky culture. It came of the Dark Web to become and actual form of money that people will accept. Ethereum is the newer kid on the block, smarter, more talented, more grounded, but with less personality. Both, however, will likely stick around. Like any other tradeable commodity from long-established railroads to new high-tech start-ups. It is impossible to identify with any accuracy the right time to sell or to buy Ethereum or Bitcoin.
But it would be accurate to say, “keep an eye on both, and keep your trigger finger close to your keyboard.”
So, get out there on the market, take your savings and invest in them and start making more money.