IOTA and More for Your Choices Now
Almost all cryptocurrencies at the time of writing are worth almost 10 times as little as their peak, there is still a lot of potentials. With the right strategy, you can still make a lot of money by buying and selling cryptocurrency. In this article, we put three general ways, or strategies, among you. The best usages for the proper IOTA Kurs now.
Make money with cryptocurrency
The main reason why people step into the world of cryptocurrencies is still the chance to get rich. Now we will certainly not guarantee that, but with the right approach, it is certainly possible to earn money with it, as we described in our article about becoming rich with cryptocurrencies. Do you want to make an attempt to earn money with crypto? Then choose one of the strategies below.
Invest for the long term
If you have a good understanding of analyzing prices, charts and trends, and would like to invest in promising projects, then investing is the best strategy for the long term. With this strategy, you choose a number of projects, read yourself well and if you have confidence in the future of a project you invest your money in the relevant cryptocurrency. It is important not to look at prices and prices every day; after all, you do it for the long term, for example, 3 to 5 years. If the cryptocurrency that you have invested in knows how to grow, you will profit optimally from it. You can read more about investing in cryptocurrencies and doing research in our article about choosing the right cryptocurrency.
Invest in ICOs
If you want to take a little more risk, you can look at so-called ICOs (Initial Coin Offerings). These are projects cryptocurrencies that are not yet officially traded and that collect money to start the project. You cannot buy the currency in question yet, but you give the company behind the project a certain amount, for which you will receive the cryptocurrency of the project at a later stage. If the project gets off the ground and gains in popularity, chances are that your investment will go wrong several times. In short, the chance of higher profits is greater. But, on the other hand, a project cannot get off the ground, which means that your investment can largely evaporate. When investing in ICOs it is important that you read very well, have confidence in the project and, above all, do not invest more than you are willing to lose.
Day trading: act every day
If you want to immerse yourself completely in the world of cryptocurrencies, if you want to learn how to read charts and quotes, and if you are prepared to spend time every day, then you can go for day trading. This means that you do not invest in one specific project for the long term. You put money in projects whose rate may increase at that time, and you also sell quickly if that happens. So you anticipate rising and falling trends, but that means that you have to keep an eye on them every day. In addition, you need to know a lot about indicators in charts and it is wise to keep a close eye on the crypto news. Analyzing, insight and time are three important words for the day trader.