BikoTrading Academy

Investing in cryptocurrency for beginners

What is the definition of investment? 

How a beginner can get into the world of cryptocurrency? 

What are investment strategies exist these days? 

You will be told and shown all of that.

 

The simplest definition of investing is a process that generates income. The key difference between earning and investing is that money will work instead of you.

 

Certainly, you need to invest in something, whether it`s in real estate, stocks, bonds, or cryptocurrency.

 

It’s time to invest! Especially during the pandemiс, people began to feel the importance of an alternative source of income and the so-called «financial airbag». It allows you not to work to your old ages and be nervous about money anymore!

 

By investing now, you are building a future of your financial independence.

 

There are 4 main investing strategies and each investor has one.

 

Strategy 1: Investor — buy and wait for the growth of the coin in the future.


Strategy 2: Trading — trade, and generate profit from rate changes.


Strategy 3: Participating in an ICO (Initial coin offering). This is the process of selling new coins obtained as a result of the issue, as well as when buying tokens, it can bring a profit of several hundred percent.


Strategy 4: Invest in mining hardware.

 

Where to invest in crypto?

 

This can be done on exchanges and platforms, if it’s simple, cryptocurrency is bought and sold there.

 

For beginners, 3 best ones:

 

  • Binance
  • Coinbase
  • Bestchange

Of course, an investor wants to track his investments to understand how to increase income.

 

With the help of tracking services and sites, you can simply do this. There is a separate one for bitcoin, altcoin, token. Everyone chooses a few for themselves or convenient.

 

Investment is a good way to secure your future and not to worry about a lack of money. Recently, people could do that only in real estate, gold, business. But, now there is also a cryptocurrency that is gaining popularity every year, so why not try, there are always risks!

The choice is for each of you what to invest in.