How to get rich through cryptocurrency

You’ve probably heard of cryptocurrency (or crypto, in short form), and are interested in learning how to make money with cryptocurrency. Crypto is one of the hottest investing topics right now and there are news articles all over talking about how people are becoming millionaires by investing in altcoins.

You might have done some research but thought it looked too technical or complicated. We’re here to tell you that it’s not! Anyone can learn how to earn money with cryptocurrency and by the end of this article, you’ll be able to start yourself.

You’ve probably heard of cryptocurrency (or crypto, in short form), and are interested in learning how to make money with cryptocurrency. Crypto is one of the hottest investing topics right now and there are news articles all over talking about how people are becoming millionaires by investing in altcoins.

You might have done some research but thought it looked too technical or complicated. We’re here to tell you that it’s not! Anyone can learn how to earn money with cryptocurrency and by the end of this article, you’ll be able to start yourself.

You’ve probably heard of cryptocurrency (or crypto, in short form), and are interested in learning how to make money with cryptocurrency. Crypto is one of the hottest investing topics right now and there are news articles all over talking about how people are becoming millionaires by investing in altcoins.

You might have done some research but thought it looked too technical or complicated. We’re here to tell you that it’s not! Anyone can learn how to earn money with cryptocurrency and by the end of this article, you’ll be able to start yourself.

CoinSutra » Cryptocurrency » Top 13 Ways To Make Money With Cryptocurrency (In 2020)

Do you want to earn money from cryptocurrencies? Well, who doesn’t! Hence, in this article, I am going to share with you some of the best ways of making money in the crypto-sphere.

Of the ways listed below, I personally use some of them to book profits, and I’m not complaining. However, alongside making money, you also need to be aware of scams because, in a decentralized space such as cryptocurrencies, the chances of you getting caught in a scam is also very high.

One safe way to earn money in cryptoland is to buy good cryptocurrencies that have a fundamental usecase and hold them until they obtain a fair market share. For example, cryptocurrencies like:

…are safe buys most of the times.

You probably think of stocks, currencies, commodities, and bonds as the only items to invest and trade over exchange markets. But don’t be amazed and give me that odd look when I told you cryptocurrencies have emerged with a bang to trade over the exchange markets worldwide as well.

Cryptocurrencies are those items holding names such as “bitcoin” and “ethereum.” They are digital currencies that are computer generated using a decentralized system to bring forth a more stable currency. And the fact of the matter is people all over the globe are getting rich with these cryptocurrencies.

Today, there are over 984 digital currencies with more coming to the market every day.  With most of them having their status shooting higher and higher over and over again.

When you think of trading or investing, you probably think of stocks and bonds.

You might also think of commodities, currencies and whatnot.

But strolling into a mutual fund manager’s office and mentioning Bitcoins would probably get you an odd look, assuming he or she is not an avid reader of TechCrunch.

Introduced in 2009, the electronic currency Bitcoin is exchanged through its own payment network. The Bitcoin can be stored in a virtual wallet and has been described as a cryptocurrency; a decentralized, peer-to-peer currency which relies on cryptography to facilitate currency generation and transactions. To prevent double-spending, computers known as “miners” receive transaction fees and free Bitcoins in exchange for running a proof-of-work system.

If you’re just looking on how to invest in Bitcoins, sign up with Coinbase and get started.

Investing in cryptocurrencies is almost the same as investing in stocks. However, when you buy company shares, you buy and own a piece of the business, whereas when you buy a cryptocurrency like bitcoin, you own the bitcoin that you have bought, but you don’t own a share or piece of the business. You speculate that the price of the coin will go up and you will make a profit. Nowadays, there are some altcoins that pay you just for holding them in your wallet.

On the 5th of May 2013, a friend of mine, Graciano, invested his $5,000 on bitcoin. He bought 44.06839415 bitcoins for $113.46 each.

Today on the 24th of September 2018, each bitcoin costs $6653.83 and his 44.06839415 bitcoins are now worth $293,223.60.

With the meteoric rise in popularity of Ethereum, cryptocurrencies and blockchains are back in the news again. Graphics card prices have soared with the promise that those who have the computers and know-how to do some serious mining can take home huge sums in a Bitcoin-like gold rush to snatch up as much virtual currency as possible.

On a gray morning in May 2016, I left my office in downtown San Francisco and walked down Montgomery Street, to Wells Fargo.

I swiveled open the two gigantic doors, walked up to the counter, and explained to the teller that I needed to send a money wire to Gemini Trust Company, LLC., a cryptocurrency exchange based in New York City.

My voice sped up as I said it: $100k.

This represented my family’s entire life savings.

It was money my wife and I planned to use to pay for our 3 kids’ college tuition, our eventual retirement, and emergency expenses. I was a middle-aged guy with a family who had never been on the cutting edge of anything. But I was about to bet everything I had on an unproven virtual currency called Ethereum.

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