Topic: How we can increase our income by investing in altcoins? (Read 327 times)
If you have a professional background in trading, of course you can earn something by trading top-10 altcoins But if you haven't you can easily lose your money.
diversify and never sell
Altcoins are good now a days for investment .how can we increase our income by investing in altcoins?
Investing in altcoins is a full time job because of that my advice is to approach altcoin investment with extreme caution, and be prepared to do a lot of daily research.
1) Make a habit to go on coinmarketcap every day and monitor the price of the top 10/20 currencies
2) Explore the community of the coin that you like and be sure they are active.
3) Train yourself to spot the scams: HYIP, Ponzis and so on.
4) Learn some technical analysis and trade on an exchange.
5) Research, research and more research!
The best way is to find a coin with a great community and strong backing. Do your research and don't rush in. Find that right coin and hold. Good things take time so be patient and you will come out ahead.
The only way to make profit from altcoin is to either trade them for daily profit or buy some potential alt or ICO tokens and hold them for few months.
There are lots of coin which are still undervalued and their price can grow significantly in near future, just invest them and sell them when they will be pumped at some point in future.
You can also make some short term trading for daily profit if you have enough bitcoin to invest.
There are lots of coin which are still undervalued and their price can grow significantly in near future, just invest them and sell them when they will be pumped at some point in future.
You can also make some short term trading for daily profit if you have enough bitcoin to invest.
Coins with the biggest hype will always earn you a nice income. In crypto hype means more than the product they deliver, at least in the short term.
Kindly find the good altcoins which have the PRE ICO stage or at ICO stage. This will help you to invest early in the coin and as a result will get at a discounted rate. Thus if the selection is right in future that coin will provide you very good returns and thus this will lead to high profits. Also you can trade in altcoins to generate some profits on daily basis.
Most altcoins are rubbish and you will lose money on it. Only smart people who understand which ICOs are going to deliver and which won't will be able to profit on those opportunities. At the end of the day it's just like when you invest in the stock market.
Research! You can never do too much of it. Ask as many questions as you can and when you are done, ask some more. Join discussion channels (like telegram) specific to the alt you are thinking about investing in and ask even more questions.
Those are good recommendations and telegrams or slack is on way how to get latest developments of every projected altcoins ico's to invest. By the time you are holding your altcoins into long term goals, I think you should have more months to take just to hold the coins that you have. Selling your assets is the last portions as your income will increase by the exact time sell value of your assets also rises higher, and you easily decide to sell you holdings.
You can definitely increase your income by investing in the right altcoins. Research about the project and ask yourself whether the business model is good and whether the company is able to grow. When the company grow, you as an investor benefit from the increase of coin value.
Research! You can never do too much of it. Ask as many questions as you can and when you are done, ask some more. Join discussion channels (like telegram) specific to the alt you are thinking about investing in and ask even more questions.
Altcoins are good now a days for investment .how can we increase our income by investing in altcoins?
Trading in altcoins need attention in exchange. Before buying look for monthly graph of that altcoin you are purchasing. When you buy altcoin then dont rush to sell it, be calm and wait for handsome profit and by the time you will definitely get profit. Just be aware dont buy scam coins that are on 1 or 2sat.
Altcoins are good now a days for investment .how can we increase our income by investing in altcoins?
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