Earning Money with Cryptocurrency


A lot of discussions have been spurred with the rise of crypto currency profit makers towards the mid of the current decade. The revenue earned by a lot of people with the investment on cryptocurrency left traders wanting for more. Even the general public wanted to invest on crypto currency because of its staggering high return. However, half way across the current decade the stories of people facing extreme losses also came out which made the people rethink their investment plans. So what is it to earn money from crypto currency? Is it safe and simple or involves risk taking and planning?

Risk involved with crypto currency investments:

Just like any other investment, the risk of getting equal or profit making returns have been translucent. Only the people who have studied the market or people with a working strategic plan get hefty returns with their investments. Similarly, crypto currency investments are no different from any other investment in the market. They carry their share of risk and needs to be fully understood before investing.

Earning online:

The scope of earning online through investments in crypto currency is pretty high and a lot of people have started doing it. There is no such particular age group who are into this since the resources attached to this process are very much available to anyone right now. The process being even simpler because of the growing number of ICOs and stage or crowd funding events. You can learn more ways to earn money online from here.

How to choose the right investment?

This question has been asked a lot of times in crowd funding events and other ICOs by the users. Being the very basics of the frequently asked questions it is first necessary to know the market and the currency you would be investing. The rest would follow up after the investment is made.

Unlike the short term and long term investments, cryptocurrency has a way of getting huge returns or hefty losses. Hence, it is highly important to consult a specialist or take time yourself to know more about the coin before investing.

What is an Altcoin and Why Should You Invest in It?


Many people believe that an Altcoin is a new cryptocurrency like Bitcoin. It is not true because an altcoin is any cryptocurrency that is introduced to fulfill a specific purpose and functionality with some unique differences with Bitcoin. It is not a Bitcoin but it can be Ethereum, Bitcoin Cash, XMR, Litecoin, Ripple, etc. You might not believe it but millions of cryptocurrency traders are investing in Altcoins. Bitcoin’s value is fluctuating and the recent downfall in Bitcoin’s price had thrilled many crypto investors. Therefore, now people are investing their money in alternative cryptocurrencies which have a great potential of success in the future.

Why should you invest in an altcoin?

Since Bitcoin is the most popular cryptocurrency in the world, a trader can face a tough competition while trading this crypto asset. As a beginner, you might find it very expensive to trade bitcoins. The altcoins are not as popular as Bitcoin. These are cost-effective crypto assets with good potential of success in the future. You will not face a big loss even if altcoins’ prices go down in the future. However, you can make a huge profit if their prices rise.

As you can check online, there are more than 1,500 altcoins and many new are about to release. These cryptocurrencies might not be popular but these assets are traded on a daily basis. Altcoin transactions can be cheaper because of bigger and more technologically advanced blockchains. Bitcoin risks are forcing businesses to adopt new crypto assets such as Ethereum and Bitcoin cash. Business organizations are accepting these altcoins because their blockchain can cope with a huge number of transactions within each minute. As the facts depict, an Ethereum blockchain processes double transactions than Bitcoin and that’s why Ethereum’s popularity is increasing with each passing day.

Even though Bitcoin is ruling the crypto industry today, it might not always be the best crypto asset. New Altcoins can replace Bitcoin and position themselves as the most profitable crypto assets in the future. Therefore, it would be a wise decision to invest in Altcoins.

Buy, Sell, Hold – What to do in the Current Crypto Markets

The title of this piece is precisely the question which is on thousands, if not hundreds of thousands of minds when it comes to both new, and even experienced investors in the crypto space. Many of these people, likely entered the market at a time when prices were certainly volatile, but in a bullish fashion. The thing about volatility is, everyone can stand it….if the overall momentum is upwards.

Unfortunately, the current movement is not headed in that direction, at least currently. So what should all of these investors, who are ultimately looking to earn money online from their investments, actually do?


Evaluate Your Portfolio

This is a vital first step to take before jumping into any type of decision as regards trading. You need to assess your holdings and their values accurately and with a clear mind. The best way to do this is through one of the informative and easy to use portfolio trackers. They will help keep you assessment as objective as it can possibly be.

Assess Current Position vs Desired Position

It is all too easy to see a bear market and adopt a negative frame of mind. It can happen to even the best of traders. The most important thing is that you take a moment to zoom out on those charts and hold your current thoughts in the context of what you were thinking when you bought in, and crucially, the price you bought in at.

Weighing this against your exit position, either short or long term, will give you a solid indication about what your next move needs to be. You may also need to take in to account the proportion of bankroll you have remaining, if any.

Take Calculated and Fearless Response

Regardless which direction you choose to move in, you have to be firm and believe in your choice. If this is to sell, then try to do so with a clear conscience and don’t look back in regret. Similarly if you choose to buy more at knocked down prices or just hold steady, you have to be regret free in your final decision.