A short guide to profiting big from Crypt
Most crypto investors aren’t profiting from investing in crypto — in this article, I will give you some tips to hopefully profit from investing in this volatile market.
First off, you need to absolutely do your own research. This is very important because if you don’t do your own research, you won’t ever be able to understand the project that you are placing your money into. NEVER follow someone else’s advice blindly.
Second, you need to have a diversified portfolio. This means that you don’t want to invest all of your money into one coin, but into multiple coins. You can own some Bitcoin and Ether, and them like other smaller coins that have greater potential.
Typically, the more money you invest into crypto the higher your profits will be if the value goes up, so if you can invest a lot of your money then you have a higher risk, but also a higher reward.
HODLING is one of the safest ways to invest. Place your money into one coin, and then just wait. Of course, you may experience huge losses, but with huge losses come huge gains.
You can also do Dollar Cost Averaging, which is basically investing a certain amount of money into a coin every specified time so let’s say I am going to invest $30 into Bitcoin every week.
Day Trading isn’t recommended, because the value of coins fluctuates so much throughout the day you might be losing money if you day trade.
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