Taking chances in the world of Crypto

So in this crazy wild west world of crypto in order to earn some extra Bitcoin you gotta take risks. Calculated risks of course, not those silly "Double Your Bitcoin in 24 Hours" websites....

Well in saying that, I did actually stick 0.01BTC into one of those sites and sure enough I got 0.02BTC back within about a day.

Would I do it again? Probably not! And if I did I definitely wouldn't be sticking half a bitcoin in there or anything!!

Anyway, back to calculated risks. As you may or may not be aware, there are many websites that you can invest Bitcoin into and they will pay out a daily interest percentage on your money. Yes, many of them are likely to be scams. This is where the 'calculated risk' comes into play.

Bitconnect, one of my favourite sites, has been paying out 1% daily interest for around a year now. I only got in 3 months ago but have basically now achieved my ROI.

There have been other sites that have come and gone and taken peoples money. This is not good and I feel sorry for the people that invested.

I chose to invest in RegalCoin also and as of today I have achived 100% Return On Investment (ROI). It took 70 days to get my $500 investment back and I must say I was quite nervous about it. I decided to invest because this was the second site to launch after Bitconnect so I knew many people would invest too. That means there was a fair chance the site would remain running for several months atleast before anything happened.

In this case I was correct, the site is still running so every day now that it stays up is pure profit on my $500 investment.

So the point is, if you want to earn extra Bitcoin you have several ways to do it.

One is to invest in risky schemes but this is not for the faint hearted and not for people who simply cannot afford to lose their hard earned money.

Another option is to trade alt coins. When alt coins are all green (ie going up) it's quite easy. When things turn though it's difficult and if you get stuck holding alts when BTC suddenly starts to surge then there's a fair chance you will lose.

So, ultimately nothing is easy and everything requires some risk. Even simply buying BTC and holding it is risky. What if BTC halves tomorrow?

The moral of the story...I dont know!