CRYPTO CORNER EPISODE 145
In this episode:
►How to grow your crypto - 5 ways to earn passive income from your holdings.
These are my opinions, not financial advice, always DYOR!!!
Around 6 years ago I started making money online and focused specifically on making passive income so I can enjoy more time freedom and be my own boss. Cryptocurrencies have been by far my biggest success in this endeavor and I am now going to share with you some of my top methods of making passive income with crypto.
Usually, the most common way for most investors in cryptocurrencies is the good old HODLing – the act of buying a coin and holding it long term in the hope that it will appreciate in price. And right now most of them do. We are in a bull market, so hodling your Bitcoin, Ethereum and other coins is surely growing your fiat vlaue locked in these digital assets, but how about growing your actual assets themselves? There comes a time when the markets turn and enter a bear cycle, which could last for years. Last time this happened, it took 2 years and during that period, all of the cryptocurrencies saw around -80% to -95% loss in value, which for any investor is a deadly prospect.
This is why I do not consider Hodling a winning strategy, especially not for growing your capital in the long term.
Now, while we are in a bull market, we ought to do our best to grow our crypto holdings and once the bear cycle begins, we should (ideally at the first signs) exit and move back into fiat – at least most of it if not all.
But more about exit strategies in a different post.
Now, let’s take a look at these 5 methods for making more crypto, while crypto itself is making your fiat value more in their own right.
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Referenced Services:
📄Binance exchange (earn interest and staking rewards on a wide variety of altcoins)
📄Poloniex (soft staking)
📄Kucoin (soft and fixed staking rewards)
📄Blockfi (earn interest on a variety of coins)
📄Nexo (lending, borrowing and interest earning)
🚩OTHER MUST-HAVE CRYPTO SERVICES:
🔒Brave Browser - earn crypto and browse the web faster and safer with the top privacy browser (better than Chrome).
🔑THESE ARE THE BEST CRYPTO WALLETS (hot & cold storage)
🛒THIS IS WHERE I BUY CRYPTO
💹THESE ARE THETOP CRYPTO EXCHANGES
🌐FREE CRYPTO FAUCETS (daily airdrops of crypto)
🏆Aurox- my top charting tool and indicator for finding the right entry and exit points for trading on any of the top exchanges and trading pairs. Give it a try and sign up for free.
🏆Token Metrics has the most detailed statistics and analysis for all major cryptocurrencies and price predictions to help you find the right coins to trade and the right time to buy/sell - give it a try and get 10% discount.
💻Find me on:
🔹Twitter
🔹Facebook
🔹My Official Website: http://ojjordan.com
⚠️ DISCLAIMER ⚠️
The information contained in this video is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this video reflect solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.
This information is what was found publicly on the internet. This information could have been doctored or misrepresented by the internet. All information is meant for public awareness and contains what is already in the public domain. Please take this information and do your own research.
"LEARN CRYPTO" - THE ULTIMATE BEGINNERS GUIDE TO INVESTING IN CRYPTOCURRENCIES
