What is The Easiest Way to Make Money with Cryptocurrency?
Buy and Hold
Buying and holding is the method you’re probably most familiar with when it comes to investing and making money with cryptocurrency: You purchase some sort of asset (like stocks), you let interest build up, and then you eventually cash out.
It’s the same idea in buying and holding with crypto, except you are waiting for the price of your chosen currency to go up so you can sell at a rate higher than when you bought.
This is one of the best and easiest ways to focus on how to make money in cryptocurrency.
For example Bitcoin was worth around $13 in 2013, and at the most peak price we’ve seen so far was nearly $20,000 in 2018. That means if you had just purchased $200 of Bitcoin in 2013, it would have been worth over $300,000 if you sold at the peak price! That’s a 1500x return on your money, nearly unheard of in such short of a time in the stock market. It really shows the power of making an income with cryptocurrency.
While there are many different coins out there, we recommend you stick to the ones that have been around for a while. These are the safest. If you invest in a new coin it might be cheap to buy lots of them, but there’s a very high chance the coin could just disappear. Coins that have been around a while don’t have that same risk.