Sure ways of earning from Cryptocurrencies (Part 1)

Sure ways of earning from Cryptocurrencies (Part 1)

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Sure ways of earning from Cryptocurrencies (Part 1)
Reading Time: 2 minutes

Introduction

Investing in Bitcoin (BTC) and cryptocurrencies as a whole has become increasingly profitable with investors having their initial investments multiplied within relatively short time frames not common in other investment options like gold, real estate, shares etc.

Is it too late to get into crypto?

Absolutely not, although prices have skyrocketed over the past years, there are still strong speculations that prices would still go higher due to increased adoption and everyday use of these digital assets globally. For example, it is predicted that BTC could get as high as $500,000 per coin from the $15,241 it currently goes for. Even if it doesn’t get to that, well, it still has much room for price increase.

For the purpose of this post, crypto investments would be divided into two as highlighted below;

Low Risk Investment (generally pays less)

Cryptocurrency faucets

Margin funding

Long term investment in crypto

Arbitrage

Staking of coins/generating new coins for holding a particular coin

Airdrops and Bounties

Mining on your PC/CPU

High Risk Investment (pays relatively more)

Active trading of coins

Investing in ICOs

Lending coins on platforms

Mining using high end gear

Cloud Mining

It is important to determine your risk profile to decide which investment category(s) suits you best. If for instance, you’re a low risk investor, stick with the “Low Risk Investment” category(s) even though returns might be less, you’ll be safer that way and would most likely not lose your investment.

Disclaimer:

This post is purely for informational purposes and should not be considered financial advice, always do your own research (DYOR), never invest more than you can afford to lose, never let the thoughts of huge returns push you into making wrong choices.

This concludes part 1. This series (Sure ways of earning from Cryptocurrencies) has been split to different parts to keep it short and simple for easy understanding. In subsequent parts, we’ll be treating each investment category in more details while making every effort to still keep it short and simple.

Stay tuned for updates.

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