HOW TO MAKE MONEY FROM CRYPTOCURRENCIES
How about an innovation that permits you to change your financial fortune over time regardless of where you are, who you know, or what you do!
At this point, from these lessons, it’s safe to say you already know where/how to store, send and receive cryptocurrencies securely which is a priority.
There are different ways to make money in this industry and we’ll be looking at some major ones.
Trading
Cryptocurrencies can be traded similarly to Forex. This is a very good way of making money here. There are exchanges where you can trade. The idea is to simply buy them at lower prices and sell for higher. The volatility of cryptocurrencies means that the prices can move largely in short periods where you can sell for percentage profits. Unlike in Forex where price changes are very minimal, in cryptocurrency, prices can move 10, 20, 50% + in a day or less. That’s why trading is a profitable venture. However, this still means prices can swing lower.
For example; if you have a capital of $1000, a single trade with a 10% move will make you $100 in profit. You can turn that over consistently in a month. Even with a conservative 10/30 days, it will still be massive profit.
In our Premium group at Bitville, you will learn how to trade profitably, hedge against volatility as well as strategies that will help you win more.
Truth is, even if you’re very busy you can’t learn to read charts, you can still make profits by trading with our signals in the premium group.
Long-Term Investing
If you don’t want to trade for steady profits, you can still buy valuable cryptocurrencies and hold for long-term, same as you’ll invest in land. The good thing about cryptocurrencies is you may not have to wait 10-20 years for massive returns.
The industry is still evolving; lots of cash will still be thrown into it as people get to discover valuable cryptocurrencies. We’ve seen cryptocurrencies do 5000% and more. It will happen over again as the market goes in cycles.
One thing still highly underrated here is the possibility of turning little money into mind-blowing wealth.
In our premium group, you will learn how to analyze and spot cryptocurrencies with massive potential of giving outstanding returns in the long run. You’ll also get access to the cryptocurrency we are HODLing (a crypto word for hold) as a community (strongly backed by fundamentals).
All you need you to be a long term investor is to buy, withdraw from exchange to your personal non-custodial wallet (to avoid hacking), then do nothing but wait. Of course, keep your wallet details and back-up phrases safe.
Lending and Borrowing
As crypto adoption is on a steady rise, there are reputable and secure cryptocurrency lending programs that allow you to earn dividends (up to 8-12% per year) and get crypto loans using your crypto as collateral. With such, you can have your money work for you while you earn more interest than you normally would with traditional banks. Your interest rate varies according to the crypto you deposit. There are also options for stable coins, and even fiat currencies like USD, GBP, and EUR. Borrowings on these platforms come in very easy steps and without credit checks. Some of these platforms include Nexo, Crypto.com, BlockFi, etc.
Staking
There are crypto exchanges that allow you to earn rewards just by simply buying and holding certain coins and tokens on the exchange. As easy as that! You can earn from 1-16% per year just by staking, even if you don’t want to trade. It is similar to receiving dividends. However, you should stay updated on the risks that come with staking, one of which is that cryptocurrencies are highly volatile instruments.
Freelancing for crypto
If you work as a freelancer, there are a number of platforms that you can get paid in crypto. Some of them include cryptocurrencyjobs.co, workingforbitcoins.com,
Accept Crypto Payments
If you run an e-commerce website, accepting payment in crypto is a good way to own crypto without buying them. Giant platforms like Shopify and WooCommerce allows users to accept crypto payments (not just bitcoin).
For Shopify, simply enable an alternative payment method from your account; for WooCommerce, you’ll have to install, activate and configure a plugin like BitPay or CoinnGate.
Even if you use none of these platforms, you could still choose to accept bitcoin for your products/services.