How-to-invest-and-make profit in cryptocurrencies ?
Cryptocurrencies and blockchain technologies are very promising, but they are still in experimental stage.In other words, it’s just beginning which can be compared to the early stages of the internet. There is risk and there is also reward. Bitcoin has been around for only 9 years, and Ethereum is just 2 years old.Scalability, energy consumption, criminal activities, price manipulations, tax and legislations are the hurdles to be overcome .
SO you have to ask ''What is the safest way to invest in cryptocurrencies?”
The best way to invest in it is perhaps minimizing your risk by diversifying your portfolio. All of us would like to think that we can buy low and sell high. Unfortunately, most people end up doing the opposite.Of course, there is no strategy that ensures profit and guarantees no loss but it is probably the safest strategy in our case because:
(1) Blockchain technologies are still in a very early stage
(2) No one knows which cryptocurrency will become dominant in a few years
(3) Mass-adoption hasn’t started yet
(4)The market is very volatile and can be easily manipulated
( 5)Regulations and legal statuses of cryptocurrencies are uncertain
(6)Most governments are hostile to cryptocurrencies
A safer approach is to make multiple small investments in diverse cryptocurrency portfolios over time.It will reduce your risk and you’ll feel less psychological pressure to sell low and buy high. For example, if you had invested daily $1 in a cryptocurrency portfolio of Bitcoin-50% and Ethereum-50% for the entire year (Apr 2, 2017 - Apr 2, 2018) even during the all-time highs, you would’ve still made $320 (+88%) today.
There is one website which i have been using and recommending my friends as well to trade cryptocurriencies , is https://exmo.com/
You can make account on Bitstamp.net and get approved for KYC at bitstamp and can deposit several ways in bitstamp to buy cryptos . Hope this would help to understand .
I will be posting on how to invest in ico and tokenmetrics soon .
Good luck all ...........
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