Trading crypto currencies is a brilliant way to make money, however, it isn’t as simple as many portray it to be. Each type of currency having several different underlying factors which affect it.
Bitcoin has certainly been the most successful one, but that’s mainly because of its wide acceptance. Especially if you go on to shop anything out on the dark web, you’ll wonder if bitcoin is greater than USD.
When it comes to any investment the people who made the most money off their investments are the ones that use investment companies or Forex brokers.
You can gain anywhere from 5% up to 15% in one day but over the long term you stand to gain anywhere from 10x to 100x your investment or if you are really lucky up to 1000x.
There are quite a few recommended Investment sites online like vertoxfund.com that allows you to earn up to 5% daily profits from your invested money, Let’s assume you invest $100 and you get paid 5% daily, it means at the end of 30 Days you would earned $150 as return.
Similar to stocks you can buy a small piece of many, or go all in one two to three coins. The top three coins are Bitcoin, Ethereum, and Litecoin. You can buy these on Buy/Sell Digital Currency – Coinbase. There are other brokers that allow you to buy many other coins. However, to buy those other coins you’ll have to exchange Bitcoin, not dollars.
How do you make money? Buy and hold. That’s it.
The coins’ worth can be exchanged for dollars using these networks. Some say it’s about timing, others have a longer strategy. When you get ready to cash out, cash out.
If one would have spent $1,000 on Ethereum on March 12th, 2017, at $25 a coin, he/she would have had 40 coins. If one held these coins until today, June 9th, one coin would be worth $269. A virtual portfolio would have gone from $1,000 to $10,760. That’s a 10x return. The beauty of it is you can buy just one coin, or a part of a coin. In order to realize these gains, one would need to convert it to cash.