Cryptocurrency or crypto is a digital currency that is also used in buying goods and services also you can trade cryptocurrency for profits.
There are so many cryptocurrencies that one can invest in or trade but the most popular is BITCOIN which was about $65,000 in April.Now I'm going to be talking about what we should know before investing in crypto and what to avoid
Bitcoin currently has lost nearly half of its value after the month of may and it's just on the rising channel again.What I think we fail to understand is that cryptocurrencies has to do with long term decision what I mean by this is that we are making a decision to invest in a currency for a period of time not minding how many months or years it might take to get our profits.
This is my advice to anyone that wants to invest in maybe bitcoin for example,you don't have to have a million bucks just to invest,don't put all your money in cryptocurrency. I personally invest every week just 30% of my total income.
Why you ask? Is crypto risky? Yes it is however,it is still one of the hottest profitable investment...You just have to understand how the market works. I use BINANCE whenever I want to buy my cryptocurrencies and I would recommend it.
Also after investing,you have to get a secure wallet like
- DeFi Wallet.
- Trust Wallet.
- There are also a lot more and you can check them at http://coinsutra.com.Some people make mistakes of keeping their cryto in exchange apps like binance and that is very risky,your crypto should be stored in a secure wallet. Trust wallet is most recommended.
Also I'll say that you should make sure that your mental state is stable because there will alot of ups and downs in the value of cryptocurrencies, Bitcoin has reduced drastically for the past few months and some people felt like it was a scam or something but investing has to do with a lot of courage and preparedness because there are challenges that one might be faced with.
Apart from investment,there are actually some things you can do online that would pay you with cryptocurrencies. Bitcoin games for example pays bitcoin just for playing their games,they have several games which you can earn bitcoin immediately you download them.The game is available for both Android and iOS. BitcoinAliens additional features include: Minimum payout of 0.0002 BTC. Weekly payments every Tuesday.you can get more info at http://bitcoinafrica.io.
You can also shop online and earn free bitcoin also Mining Base also allow you to earn bitcoin for free,you can do odd jobs online,read classic books.
You can find odd-jobs that pay you in Bitcoin on BitcoinGet, and you can answer questions for Bitcoin on Bitfortip.You can also write about cryptocurrency to earn bitcoin in places like coinality and also popular cryptocurrency forums like Bitcointalk.
You can also earn other cryptocurrencies online like Ethereum from cryptopop,litecoin from Free litecoin, Bitcoin cash from free Bitcoin cash and all these apps can be gotten from PLAY STORE, Complete sponsor surveys to get free bitcoin cash,you can also watch videos to earn bitcoin cash.
Learn more about earning free bitcoin cash at http://www.earncrypto.com.