Good idea, but be careful with the "passive income". You can get fraud
indeed, many scam out there now, we have to do our own due diligence
Topic: The safest way to invest in Cryptocurrency - page 2. (Read 1246 times)
indeed, many scam out there now, we have to do our own due diligence
- buy high
- sell low
- invest in biggest gainers at CoinMarketCap
Anyway, I think that the idea is good, but can be specified a bit. To invest safely one has to follow these steps:
1. Look at top 20 coins on coinmarketcap.
2. Define those which dropped 20%+.
3. Look at the news about these coins to make sure the drop is not due to serious problems discovered.
4. Look at the price chart of the coin and make sure it's price was 20%+ higher than now for at least two weeks.
5. BUY IMMEDIATELY those coins which met all the requirements.
6. Wait till the price recovers, then watch the price carefully once per hour.
7. Sell when it drops 5% from the maximum you saw that day.
- buy high
- sell low
- invest in biggest gainers at CoinMarketCap
haha true.
but sometimes we will miss out some pumps if we are holding particular coin, so holding a portfolio of coins guarantee we enjoy every pump!
- buy high
- sell low
- invest in biggest gainers at CoinMarketCap
Hi.....I agree with cryptoonoob!!!!
The half active and Half passive account is safe and secure for the same.
The half active and Half passive account is safe and secure for the same.
what is Iconomic? How is it passive investment? Is it a platform where it allows you to buy coins and agents rotate the money for you? Sorry but I don't know how it works, can someone explain it to me? I want to be enlightened on this and how it is passive investment because I would like to find for efficient ways to invest in cryptocurrency
Iconomi is basically a platform for fund managers to list their own funds and attract investors. There are a few funds available now, one called Blockchain Index (an index fund), which gives us a way to do passive investment. We just send the money and sit and watch the performance of the index.
Cryptomover has a token called CM10, its underlying value is reflected by the CM10 Index Fund, which is an index fund composed of the 10 largest coins. This company is less well-known but the management fee is so low that it attracts my attention. I just did some research and turns out the company is in the 500 startups.
Actually I also search about Bit20, but seems like the liquidity of Bit20 is super low, so I am not considering it.
what is Iconomic? How is it passive investment? Is it a platform where it allows you to buy coins and agents rotate the money for you? Sorry but I don't know how it works, can someone explain it to me? I want to be enlightened on this and how it is passive investment because I would like to find for efficient ways to invest in cryptocurrency
Iconomi (ICN) offers the safest way for those who have no idea about how crypto investment works in general. By buying into their index funds, let them do all the hard work while you sit back, relax and watch your money grow over time.
I am going to divide my portfolio into half, half passive and half active.
I am thinking between Iconomi and Crytomover.
Iconomi is good but Cryptomover is charging a super low management fee (1bps per day as far as I know), and an index with the 10 largest coin sounds promising...
So I am still struggling...
Good idea, but be careful with the "passive income". You can get fraud
Iconomi (ICN) offers the safest way for those who have no idea about how crypto investment works in general. By buying into their index funds, let them do all the hard work while you sit back, relax and watch your money grow over time.
I will vote for passive investment, like the index funds (e.g Iconomi, Cryptomover, etc...)
Then I can enjoy the uptrend of all coins and won't miss out any opportunity
What are your thoughts?
Then I can enjoy the uptrend of all coins and won't miss out any opportunity
What are your thoughts?
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