Knowing More About Crypto, Investing and Passive Income

There are many forms of investments that people do for either the long term or regular passive income. The most common ways are to invest in business, property or stocks and shares. That being said, we are now in the digital age and differing investments online are now possible. One form of online investment is through cryptocurrency, aka crypto or blockchain technology. It’s a very tricky topic for a lot of people but we’ll try to explain it to the best of our abilities and give you some insight

What you need to know about crypto

● Cryptocurrency, aka crypto, is a type of online or cryptographic currency built on a blockchain or digital ledger.

● While people can use crypto to buy things and pay for specific transactions, currently most people do not do this. They mostly use crypto as a form of investment to either make more crypto (passive income) or increase in value.

● The price of crypto can change depending on the market and many other factors. Keep in mind that crypto is highly volatile, generally much moreso than stocks and shares.

● Buying crypto is possible for everyone and perfect for those that want to make small investments as you can buy a small piece of cryptocurrency, for example, 0.01 Bitcoin or Ethereum.

● The DeFi (Decentralised Finance) space has exploded in the past few years and with it many opportunities to earn regular income and high gains from cryptocurrency, especially ‘node’ based products and high yield stablecoin staking.

● High yield passive income crypto opportunities are starting to become more accessible to people. Freeway Supercharger is one such product that is making high APY stablecoin returns available to everyone, as is Yieldnodes which generates income based on masternodes.

Overall, if the price of the crypto goes up, investors can get some nice returns. If the price goes low, they can buy more and wait for it to go back up. It’s generally a high risk, high potential return space that can somewhat be mitigated by dollar-cost averaging (DCA) into a coin or token.

How you can get started and more

● It’s very easy to get started because there are a lot of these things out there, however there are also many scams and you must do your own research.

● Platforms such as Coinbase, Crypto.com and Binance make it easy for anyone to buy crypto. There are also many other platforms to choose from.

● Read up on crypto security and make sure your wallet and device are both safe and secure. No one should be able to access your wallet except you. Get good antivirus for your computer.

● Know the value that you’re getting when you put money in certain types of cryptocurrency or projects/opportunities. Spread over multiple opportunities to diversify and reduce risk.

● People get scammed and lose money through all sorts of crypto hooks that lead to nothing so always do your own research and never invest more than you can afford to loose.

No one has a crystal ball to tell you when is best, however one technique people use is to dollar-cost-average aka DCA. This means they buy small amounts regularly and ignore the price eg. Buy $20 of Bitcoin every Sunday regardless of the price.