Cryptocurrency has been a buzzword of recent years. Some many individual investors & teams have created a “magnificent” financial leverage by earning interest in crypto. However, many people do not fully understand this type of investment, which leads to mistakes in believing in less reputable projects and then losing money. The following article will guide you step by step on the cryptocurrency market & how to make a suitable investment right from the start.
Cryptocurrency is an exchange environment like conventional currencies like USD but designed to exchange information according to a cryptographic principle. Cryptography was born to secure transactions and control the creation of new coins.
We can simply understand THAT Cryptocurrency is electricity converted into lines of code with monetary value, also known as a digital currency. Cryptocurrency is designed to act as a medium of exchange, and it uses cryptographic algorithms to secure information and verify transactions and control out new units of Cryptocurrency
Pretty hard to understand, isn’t it? But you just need to realize that Cryptocurrency is similar to ordinary currencies USD, EUR, VND but encrypted on the Internet environment.
Recently, there are many people making money from Cryptocurrency, but IT IS NOT EASY. It requires time, effort, and an excellent strategy actually to earn interest in Crypto.
But here are some suggestions to get you started.
Ways To Earn Interest In Crypto
The cryptocurrency wave makes MMOs, Youtubers, Vlogs to investors, small businesses, and traders from the stock market and forex market becomes fascinated by the enormous profits that they can’t even imagine. And a large number of them have since converted to coin traders – trading and trading coins on the exchange to make a profit.
In 2017, it was customary for coins to increase in price 2x, x3, .. x10 times in one day. But the market gradually goes down, making traders’ profits reduce; however, trading coins is still a fertile ground for those who want to make money MMO.
This way of making money is suitable for those who know the financial market, have analytical and synthesis skills, grasp information quickly, have trading principles, learn how to manage capital, and of course. A little bit of luck is also indispensable.
Still, please note that a trader without knowledge is like going to battle without a sword or a gun. So, arm yourself with knowledge before entering this risky financial market.
- Make money fast, results are obvious
- Make Money Anytime, Anywhere
- Always keep abreast of market fluctuations
- Always have to observe the chart price line (or as many simply call it: chart)
- Always in a state of stress
Buying and Holding
Make money by buying and holding coins – buy and hold as an asset class of choice for many investors who believe in the cryptocurrency market. Perhaps, long-term success is the right strategy for those with patience, understanding of the market, and a taste for adventure.
Warning: Joining the buying and holding coin strategy is the best way to make money today. However, to ensure safety, we need a coin wallet for safe storage like Ledgers Nano S or Trezor.
Long-term investment in a coin that you identify as potential is the same way legendary investor Warren Buffet did in the stock market years ago. Your task is to find good coins from junk coins so that their value can increase to x20 x50 or x100 times one day in the future.
In the short term, you can earn coins from holding some coins or in combination with appropriate staking and master node strategies as the following:
- Hold coins to earn dividends.
- Hold coin to earn distribution from Airdrop coin or Fork coin. For example, hold EOS coins to receive EON, EOP, ATD, MENTONE, ADD coins when the coins running on the EOS coin platform are born.
- Hold the exchange coin Binance coin (BNB), KuCoin Shares (KCS), Huobi Token (HT), .. to receive airdrop or other currencies from marketing campaigns combined between the exchange and the developer of that coin.
- Run staking, masternode to get 5 – 10% profit per year. Coins that allow betting such as PIVX, NAV, ARK; currencies that would enable running master nodes such as DASH, PIVX
What about the profit comparison between making money trading coins and holding cash, you are asking? In general, trading coins and holding coins are based on price fluctuations in the cryptocurrency market. Still, the transaction times and actions are different, so the profit of these two ways of making money is also very different.
From stocks to cryptocurrencies, experience in financial markets has shown that holders are always more profitable than traders. Not only that but being a holder is also much more leisurely than a trader. Please evaluate whether this statement is true or false when you have not entered the market!
- If you invest, you have to make big money.
- Doesn’t take much time.
- Get distributed coins from the coin airdrop or forked coin program
- Ample opportunity, crypto is the financial market with the most considerable price growth today.
- If you choose the wrong coin, you can lose everything.
- Uncontrollable price fluctuations according to the crypto market.
Investing in ICO projects used to be a trend of many people in 2017 when the profits were very high, the possibility of x10 x20 to even x100. However, when the market started to decline in January 2018, ICO projects were less attractive; the coin price on the exchange was even lower than the ICO purchase price. Many profitable people buy from the presale at a discount and selling when the coin starts running the ICO campaign; the number of people interested is much, so the price increases.
- High profits
- The ICO market is very active
- Stable profit
- Considerable risk, promising ICOs are few, but SCAMs are many
- The market’s deep downtrend makes the post-ICO coin price even lower than the pre-ICO purchase price.
We hope the above information has somewhat given you adequate information on earning with crypto. Hopefully, this article has helped you expand your financial knowledge, thus enabling you to take advantage of the rapidly developing blockchain technology. Make sure to equip yourself with adequate knowledge before joining the crypto space, and always seize the opportunities that come your way.
Before you begin engaging in crypto trading, it is a good idea to thoroughly understand your options and be aware of the potential risks. Staying at home to invest and generate more money is not a problem if you have enough funds to buy crypto. You don’t need to be concerned if you use technology and understand both technical and strategic resource management. Having sufficient knowledge of DeFi, Yield App, or even cryptocurrency management and interest accounts will be of great assistance to you, especially if you are planning to start your own business or expand your company’s services.
What works best for you should be determined by your level of knowledge about crypto trading and your ability to manage certain risks. Investing in crypto-assets can help you save for your future and ongoing plans. You simply need to be open to the possibility of risk and do something smart and strategic to free yourself from worrying about your assets. This article aims to provide you with information that will assist you in learning how to begin investing in crypto trading and how it will benefit you greatly, particularly in expanding your business and assets.