In this article, we are going to talk about crypto and how to earn crypto easily without much hassle. First of all, we will be discussing bitcoin here mainly, as it’s the first and the most popular cryptocurrency out there. To know more about cryptocurrencies, visit this link here Trustedbrokerz.com . So, without wasting any further time, let’s get into the topic.
Investing in bitcoin is one of the great ways that rich people are doing to increase their passive income. It’s easy, and you can do it if you have some spare money to invest. Now, you may wonder why you should invest in bitcoin instead of equity. It may sound crazy, but bitcoin is the only digital equivalent of gold, in short, digital gold. And why are we saying so? It’s simple really. Just like gold, the price of bitcoin is also going upwards since its starting. Sure, bitcoin’s price went down a few times, and it got some significant corrections too – but every time it was predictable, and only a very few of the investors actually lost any money. Also, it requires almost zero technical knowledge to invest in bitcoin, you just need to download a wallet software to get started, or you can open an account to any online bitcoin trading platform. You can start investing with very little money if you don’t want to take much risk, that’s another plus. Having said that, if you want to see a good amount as profit down the road, it will be wise to keep investing on a regular basis, no matter how small it is.
So, if we look at Bitcoin over a period of about a year, you will see that Bitcoin was hovering between around four thousand to six thousand USD, and today it costs over eight thousand USD for a single bitcoin. It is very simple math – if you would have bought one bitcoin in October of 2018 when it was six thousand dollars, then today that investment would have fetched a nice two thousand dollars profit easily. If you’re interested in buying Bitcoin you can go to Coinbase which is one of the big exchanges where you can buy and sell really easily. This is to show you exactly how they’re making money with it, it’s that easy. Obviously you can see that it goes up and down frequently, it doesn’t just go up forever – although in the long run, it goes up eventually, and that’s the concept of how people are making money with Bitcoin.
So, that’s just straight investing whatever we discussed above. But, there’s another way too. The second way is what’s called day trading. Yes, it’s similar to the equity market, where people use the charts and try to figure out where Bitcoin is going to end up in the short term. They will buy and sell, maybe in an hour or two or a week – we are talking about only the short term here. Coinbase is not the perfect platform if you want to do day trading, you have to join other trading sites like Binance, Bitfinex, BitMEX, CEX.io, etc. However, bitcoin day trading is a little bit risky compared to the long term investment; hence you should educate yourself to learn the market pattern before you invest any significant money