Hoping that cryptocurrency - be it bitcoin, ethereum or any other - appreciates in value is the main way to make money in the world of digital coin investing. But some claim that it is also possible to earn money off cryptocurrency, or make returns in other ways from holding it. How would a cryptocurrency investor do that, is it too risky and how much faith do you need to put in unregulated and previously unheard of entities offering the opportunity? We take a look.
With Bitcoin standing firm above $50,000, more investors are drawn to crypto trading with the hope of growing their wealth. Futures trading, a mature tool that has the potential to multiple investments, naturally becomes one of the most sought-after ways. Tim Leung, a fresh graduate, spotted the potential of Bitcoin as early as January 2020 and took a leap of faith. “People around me had been talking about cryptocurrency for a while as early as in 2017, but I didn’t really get it and thought it was just a joke,” said Leung. “Then the big rally came, taking Bitcoin to almost $20,000. Almost all of my friends earn money from it, and of course, I regretted not investing in Bitcoin sooner. But as we all know, the rally only lasted so long and not everyone was smart enough to pull out at the right time. So the small guys got crushed, and many of my friends swore to never touch Bitcoin again.” While many people lost faith during the plummet, some discovered ways to make money. Leung is on
Many people use cryptocurrencies as an extension of their traditional investments. Historically, investors have diversified via the stock market, precious metals, and more. Of course, all of these investments are made with the intent to generate passive income. Now, cryptocurrencies are becoming a normal part of that batch. Whether you’ve been in the investment game for a while now, or if you’re just getting started, know that there are many ways to earn passive income cryptocurrency. In this post, we’re going to break down each method to help you get started as soon as possible. 1. Invest The number one way to get started earning passive income with cryptocurrencies is to simply invest. If you buy a cryptocurrency at a low price, and then it goes up over time, that’s passive income. Some investors diversify into multiple cryptocurrencies, profiting off of Bitcoin as well as altcoins. This is the easiest way to get involved. Simply buy and plan for the best. From here, many investo
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