Crypto is a hot topic now, and there has never been a better time than NOW to learn How to Create Wealth with Crypto.
Crypto is becoming more accepted and mainstream every day. Crypto moved $8,000 overnight on the news of Elon Musks company Tesla purchasing 1.5 Billion worth of Bitcoin. Tesla is going to start accepting Bitcoin for payment of their electric cars.
Companies like PayPal have recently announced that they will be adopting Bitcoin on their payment platforms. The Financial Review has headlines like ==> “Wealthy investors are buying Bitcoin as stigma fades” Headlines like these only drives the price of Bitcoin up.
When I first started buying Bitcoin, it was under $1000. My next big buy was around $10,000. At the time of writing this article, BTC is approximately $48,000. Capital gains in crypto can be huge. Crypto is a great investment tool because there are some many ways to use it for wealth creation.
Today I will talk about some of those options and show you How to Create Wealth with Crypto.
Choices – The How
You can Buy & Hold crypto also called HODLing. You will need to sell to realize capital gains.
You can trade crypto and make money no matter which direction the market is going, up or down.
You can Stake crypto and receive outstanding interest as well as capital gains.
You can mine crypto and be rewarded for P.O.W proof of work. Beware of cloud mining scams.
Yield Farming or Liquidity Mining might be another term you have heard of, and these are all ways to create wealth with crypto.
I personally do all of the above. I am not recommending that you do but simply showing you the different ways that you can use cryptocurrency for wealth creation. Different options suit different people, and everyone’s risk levels are different also. You need to be comfortable with your investment choices.
If you are constantly worrying about your investment and small price fluctuations, you should not be investing there. Let me show you a few of the different ways I use crypto so you too will know how to create Wealth with Crypto.
No, it’s not spelt wrong. To HODL, crypto means to buy and hold it & never sell but to realize capital gains you have to sell at some point. With crypto, you don’t have to wait long if you make the right choice of coin to make good capital gains.
The examples below are not advice but rather real examples of some of the coins I have bought. You can confirm all these prices yourself on any charts, they are not made up but real examples of what is possible investing in crypto.
Bitcoin – BTC
My last significant Bitcoin investment, I entered around $10,500 in the middle of September. Today almost 5 months later, BTC is worth $48,000. If you bought 1 BTC, you would have made $37,500 profit in under 5 months.
Approx 360% R.O.I
Another coin I started to invest in last year is the DeFiChains native coin DFI. I started buying it for 0.22c.
Today it is around $3.60 That is over 1200% R.O.I
BNB is the coin of Binance exchange. I made a purchase mid-October for around $28 today it is worth $93.
230% R.O.I in 4 months
Start of January 2021 buy FTT for $7
Today FTT is over $17
150% R.O.I in just over 1 Month
You need to pick the right coin to get these sort of gains, but it is possible for anyone to do. You need to research the coins to find out what they are about and see if they have any real potential.
There are also a ton of shitcoins out there. You can lose all your money as well if you pick the wrong one. Do your research and DO NOT get FOMO.
Trading crypto is another way you can learn how to create wealth with crypto.
You can also make some very impressive returns trading crypto if you get it right. The way I trade is 100% mechanical and very easy to learn even for a noob. The best part is I can offer you a Free Crypto Trading Course if you want to see what trading crypto is all about.
Trading does not have to be hard or time-consuming to make some good returns. You need to follow or copy someone already successful. Trader Cobb has experience in the market, and the strategies work on various timeframes and markets. They also have a great community of like-minded traders and different teaching or training options available backed up with fantastic support.
Staking crypto is another way to create Wealth with Crypto. It is basically like earning interest on your crypto. I am currently getting between 5-37% interest staking my crypto.
You stake on various leading exchange platforms now like FTX, Binance & Kucoin and many more. I make the best returns on a platform called CAKE. You can make 37% staking the DeFiChain coin DFI. All you have to do is open an account at CAKE DeFi purchase DFI and click a button to stake it.
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. You get paid rewards in crypto for validating these transactions. You don’t have to do this yourself physically; it is done for you.
If you stake at CAKE, you can also invest a small amount because they pool the funds. The more you invest, the more shares you receive in the staking pool, the more you earn. You can learn more by reading my post. What is Crypto Staking?
Liquidity mining, also known as yield farming, provides liquidity via cryptocurrencies to decentralized exchanges (DEXs).
This can be a little riskier than the other options. I have been burnt a few times trying to find out what it is all about. I have however found a great way to do this now on the DeFiCahin. I am getting over 200% APY on some of the pools I am providing liquidity for.
CAKE DeFi is the easiest option for liquidity mining. You can open an account for free here ===> Liquidity Mining @ CAKE I started at CAKE, but now I do it straight on the DEX. CAKE is the best way to start and learn what it is all about. There are other options out there but be careful, like I said I had lost money on other platforms.
CAKE is trustworthy, has great support, is 100% transparent, and it works.
To learn more have a read of my post What is Liquidity Mining | CAKE DeFi Review
My Final Thoughts
I personally do all of the above because I understand the risks, and I am comfortable with them. Crypto has opened up a whole new world of investment opportunities.
It is not hard to learn How to Create Wealth with Crypto. You need to do a little research. When I find something new, I always put a small amount in first to test. If it works and once I fully understand it, I will invest some more. I like to diversify my investment options, and this is why I do all of the above.
Making money with crypto does not have to be complicated. There are some massive opportunities to make money in the crypto world right now if you want to get in the game. The options I listed above are not hard, and even a complete Noob can do it. So if you have been sitting on the sidelines or you are still a little unsure about crypto DON’T be. It is real & it DOES work.
Don’t miss out on your opportunity to learn How to Create Wealth with Crypto, click the links and get started today.
There is no time like NOW to start investing with crypto.
Be the Best you can Be
❗ DISCLAIMER: I am not a financial advisor. This is not financial advice. The content and material I provide on 2dsirecrypto.com is my opinion only and general in nature. Always do your own research before investing any money. You should always understand the risks involved in trading and investing and seek advice from licensed professionals before undertaking any investments of your own.