Master Crypto Investing and your Energy bills will not be a problem this winter
Sadly, most people have no clue how or where to start.
These 7 strategies will help you understand the best possible options, plus a little gift for you, my Free Guide On How To Invest In Cryptocurrency 2022, enjoy!
Investing is the long-term strategy of buying and holding crypto assets for some time. Crypto assets are generally well suited to a buy-and-hold strategy. They are extremely volatile in the short term but have tremendous long-term potential for growth. The investing strategy requires you to identify more stable assets that will be around for the long term. Assets such as Bitcoin and #Ethereum have been known to show a long-term price increase and can be considered a safer investment in this regard. Crypto assets identified early can produce staggering results, for example Solana was a project I shared with my clients in February 2021 when the coins were priced at $11 each, it then soared to $258 per coin within a 4-month period, that is a 2345% increase. The difficult part is knowing what to look for in these projects to increase your likelihood of success.
To be a successful trader, you need to have the proper analytical and technical skills. You’ll need to analyse market charts on the performance of the listed assets so that you can make accurate predictions about price increases and decreases.
When trading, you can either take a long or short position, depending on whether you expect the price of an asset to rise or fall. This means you can make a profit regardless of whether the crypto market is bullish or bearish.
Staking is a way of validating crypto transactions. If you are staking, you own coins but you don’t spend them. Instead, you lock the coins in a #cryptocurrency wallet.
A Proof of Stake network then uses your coins to validate transactions. You receive rewards for doing so. In essence, you are lending coins to the network. This allows the network to maintain its security and verify transactions. The reward you receive is similar to the interest a bank would pay you for a credit balance.
The Proof of Stake algorithm chooses transaction validators based on the number of coins you have committed to stake. This makes it’s much more energy-efficient than crypto mining and does not require you to own expensive hardware.
You can also choose to lend coins to other investors and generate interest on that loan. Many platforms facilitate crypto lending however you must understand the risks as market conditions can and have recently affected lenders, so you must be extremely diligent to protect your #crypto funds, timing is essential and choice of lender is equally as important.
Multiple blockchain-based social media platforms will reward you for creating and curating content. You are often rewarded with the native coin/token of the platform.
Cryptocurrency mining is still a crucial component of the Proof of Work mechanism. It is where the value of a cryptocurrency is generated.
If you mine a cryptocurrency, you are rewarded with new coins. To mine, you need some technical expertise and an upfront investment in specialised hardware to see good profits.
Running a master node as a subset of mining requires expertise and significant upfront and ongoing investment.
Airdrops and free coins/tokens are distributed to generate awareness. An exchange might do an airdrop to create a large user base for a project. Being part of an airdrop can get you a free coin that you can then use to buy things or to invest or trade.
A blockchain forks because of changes or upgrades in a #protocol that create new coins/tokens. If you hold coins/tokens on the original #blockchain, you will typically get free coins/tokens on the new network. This means you get a free coin/token because you were in the right place at the right time.
Airdrops and free coins/tokens are distributed to generate awareness. An exchange might do an airdrop to create a large user base for a project. Being part of an airdrop can get you a free coin that you can then use to buy things or to invest or trade.
A blockchain forks because of changes or upgrades in a protocol that create new coins/tokens. If you hold coins/tokens on the original #blockchain, you will typically get free coins/tokens on the new network. This means you get a free coin/token because you were in the right place at the right time.
One of the most lucrative ways people have made money investing in cryptocurrency assets is by working with experienced investors, coaches, joining communities and groups. Knowledge is power, courses and one to one coaching have sped up the learning process for many and allowed them to not make many mistakes from the start that so many tend to do. If you have an interest in learning about cryptocurrency investing, download our Free Guide To Investing In Cryptocurrency 2022
If you are looking for 1-2-1 coaching, please book an appointment.