So you want to know How to Invest in Crypto but are not sure where to start, let’s look at a few ways to invest in crypto. I believe that cryptocurrency is the future of our money systems. With the likes of PayPal coming on board and some other big investors putting their money into crypto, investing in it is only going to become more mainstream. Now is the time to be investing crypto, Bitcoin is currently around all-time highs of $20K some experts are saying it could reach $300K buy the end of 2021. Have a read of this Leaked Citibank Report. I choose to be a part of that, do you?
Buying crypto has become very easy these days. You can buy crypto in just a few clicks with your credit card at a place like coinbase or coinjar. PayPal has recently even come on board with crypto, and more places are accepting payment with crypto all the time. If you want to buy and hold you can do that easily, but you should really be looking to buy when a coin is good value and not at ATH. I use the knowledge I have learnt from trading crypto to time my entry for investing in crypto. Don’t get FOMO and buy at the wrong time, if you don’t know what FOMO, HODL or ATH is read about them here ==>> Understanding the Crypto Lingo.
Timing is everything when buying to invest in crypto. You want to buy when a coin is a good value. Look at the chart below. It is a weekly chart of Bitcoin. If you were in the know like many were in the trading community, I am in you could have bought Bitcoin in early September for around $10,000. It is now worth over $19,000, that is 90% in 3 months. On the chart, you can see how over the last 2 years the price has moved up and down. It has ranged from just over $3,000 to $20,000. The price goes up and down the trick is to learn when to buy and when to sell.
If you want to learn the basics, so you know when to time your investment entry look at this ==>> Free Course it also shows you how to set up your wallet and how to buy.
Which Crypto to Buy
Bitcoin is the big dog when it comes to crypto, but there are other options for investing, XRP recently made over 100% gain in 2 days, and try doing that with stocks. You can make a lot of money on some lesser-known coins. Still, they can be risky to invest in, remember the price can go down just as quick as it goes up, for that reason I tend to invest in the more well know and trusted coins like BTC, ETH, XRP, LTC, BNB, XLM etc…however I will do my research and invest in others if I think they are worthy. Investing is a risk, so you need your to do your research; CoinMarketCap is a good place to start.
Be thorough if you are going to invest the way I time my investments are by using Technical Analysis. Still, you should use some fundamentals as well, read the white papers and use google to see what you can find, research for yourself don’t rely on your mates for a hot tip that is just gambling.
If you are going to HODL crypto there is still potential to make a lot of profit however I believe that trading it for cash flow and investing some profits is the way to go; they go hand in hand. The knowledge that I have learnt from trading helps me to pick my entry points.
If you are going to hold at some point, you need to realize your profit, no good just holding it without taking some profit. It would be best if you had an investment plan in place, once you have done your research you should know at what price you want to purchase a coin, and you should have an idea of when you want to sell it as well, you don’t want to get stuck holding a coin that is plummeting.
Have a look at the chart above, a lot of people got caught up in the hype of Bitcoin at the end of 2017 because of FOMO, they bought it at a high price only to watch if fall shortly after because they had no exit strategy. Many people have been HODLing since then to try to get their investment back, which they have now but it has taken over 2 years. I hope you can see now why timing is everything when it comes to investing.
Timing is Everything
If you bought BTC at the end of 2017, you would only be around the same point now with 0% profit, or if you bought around the start of Sep 2020 and sold now, you could have made 90% ROI in just over 3 months. If you want to learn more about timing your entries to buy check out this ==>> FREE Course, it is a basic trading course but covers all sorts of stuff, even how to set up your wallet and buy your first crypto.
Other Ways to put your Crypto to Work
If you are going to HODL your crypto there are other ways that you can also earn with it staking crypto is a way to earn interest on the crypto you are holding, yes there is a risk, but it is very minimal and you could makeover 30% APY. Please have a look at the article I wrote on CAKE DeFi for a few of these options.
View the video below to learn more about Staking your crypto
Investing in crypto is great, but there are many more ways to create Wealth with Crypto if you really want to learn more about how to invest in crypto do yourself a favour and do the >> free course << Yes it is a trading course, but the free version covers all the basics that you should know for investing in crypto. You never know you might like it and want to join and become a master trader like me and remember…..
There are NO LIMITS
❗ 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.