The second is to hopefully clear a lot of the myths, confusions, around the cryptocurrency and what is happening because if you are following the media they keep on spreading rumors and myths about cryptocurrency. So I am going to share main ways from people are making money with cryptocurrency and I will share my strategy but before I tell you this, please check with a professional you do anything with your finances, I am not a financial expert and not giving any financial advice through this blog. Now let's discuss the best ways to make money with cryptocurrency:
1. Buy and Hold- The first way is to buy and hold. This is my favourite way to invest. You know Warren Buffet make his money by looking undervalued companies buying them as a value investing the term he uses and then holding them for the long term. Try to do a long term investment plan in cryptocurrency to get higher benefits. Now, of course, Coinbase is my favourite place to buy and hold bitcoin. So you can invest in different coins like Bitcoin, Ethereum, Litecoin, etc. When to come to your account you can get different wallets even USD or your native currency whatever it is. And this is a kind of hedge over inflation you know a lot of people use cash while cash can actually lose your money if you have your stuff in a regular bank account. So you got a put your money in something that counteracts that inflation that's people put in Gold because it has the potential to hold its value. It is a conservative investment. So with the more conservative investments, though you won't get the potential upside with your money. So it seems a thousand dollars in a bond is going to give you different return than a bitcoin but who knows the bond is guaranteed whereas the bitcoin could go down or doubled tomorrow. So, this the strategy of buying and holding.
2. Initial Coin Offerings ( ICO )- This is the where you can probably make more money but again as we say with the more risk moreover won but more potential for loss. A lot of people only talk about the big three coins Bitcoin, Ethereum, and Litecoin. If you want to trade other coins they can get on Coinbase like Ripple, IODA, NEO, Bitcoin Gold, Steller, etc. There are many platforms from where you can buy these coins like Blockchain, Remitano, Bittrex, Coinbase, etc. In true Initial Coin Offering are like getting on the ground floor which is very hard to deals unless you knows someone who is opening their own cryptocurrency. I am saying about cryptocurrency which is in lower and that is not in the big three ( Ethereum, Bitcoin, Litecoin ). Things which are more undervalued which you need from the Coinbase to trade with or invest with. The marketplace is actually a better sign if you want to just go based on total scale. In ICO look over the smaller coins.