One of the best ways of making money online in the past few years and the present is through
cryptocurrency investment. People have literally become millionaires from it and many more will
become in the very near future.
However, don’t underestimate the complexities that come with crypto investment as some people have
had to also count their losses. I’ve seen people lose thousands of dollars in a quick dip.
In this article, we are going to look at different ways of making money through cryptocurrency
investment in 2021 and beyond.
‘Investment’ here doesn’t totally mean putting money as you’ll realize quickly that not just money needs
investing here but time to learn is equally needed.
Before going down to the actual investments methods here are some things you need to put in place
1) Wallet: A crypto wallet serves the same function as a conventional wallet, it holds your money but in
this case digital currency and you can access it through a password set by you.
We have many crypto wallets out there example is Trust wallet and Luno wallet.
2) Capital: Just like every investment you need capital to start. You should know that crypto sometimes
can take longer to pay off. Don’t invest with money kept for other things.
Anything from a few dollars to thousands can get you started.
3) Time: You need some level of concentration and having time in your hands is very important. You’ll
have some reading to do and some calculations to make.
That’s it with what is required to be in place before going ahead to invest. Know that just having all
that’s mentioned above isn’t going to get you anywhere if things aren’t done right.
Now, let’s get down to different ways people invest in crypto.
1) HODL: Don’t think I made a mistake in the spelling as “Hodl” in the cryptocurrency world means to
buy and hold crypto until the price appreciates. It is the first investment strategy beginners adopt,
though not the most profitable but it’s simple and straightforward.
This is usually long-term as crypto prices sometimes take really long time to appreciate. Bitcoin, for
instance, took a while to gain popularity after its inception, but then the price exploded.
2) Referral: After gaining some knowledge of the crypto world and investing in it you can spread the
good news, tell others about it and be paid for referring them.
Wondering if the referral opportunities will come often? You won’t believe how much coin out there
needs preaching about and if you get your methods right you could make a lifetime financial
breakthrough by just telling people about it. So, yes there are always opportunities to bring people in
and get rewarded.
3) Trading: This will require a lot more knowledge to trade profitably. People that are into day trading
are the high earners as there more profit in it than in other investment strategies.
It is a short-term investment lasting from minutes to a few hours which usually result in small but it’s
quick profit. It is called Day Trading because it’s done within 24hrs.
However, it’s very risky as a pursuit of quick profit can also, result in big losses.
4) Staking: Staking in crypto means locking away some crypto and participating in the validating process
for a periodic reward.
Example of crypto you can stake is Cardano and Zilliqa.
5) Dividends: This is close to the staking earning concept but differs because you don’t have to stake
your acquired crypto.
You get the dividend for just buying and storing the crypto in a wallet.
That’s it with the different methods people all over the world use to invest in the crypto market.
A little advice: To really get things working fast for you you’ll have to learn fast. Joining groups of like-
minds will speed up the learning process. Youtube too has a lot of really good channels that are a real
blessing to those looking at investing both long-term and long-term.
Gaining the right investment knowledge in a fast-moving world of crypto is going to take some time and
lots of following. Even with an in-depth knowledge at times things can still go bad so you should be
careful on how you invest in the assets.
The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Crextio.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.