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)
Long term investment in crypto
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
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.
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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