Most of us must have used bitcoin which is just one out of over 750 cryptocurrencies listed on coinmarketcap.com.
And to most people in the world bitcoin is only used for ponzi schemes or P2P program, BUT NO, there are many ways to make money with cryptocurrency.
I'll just share two of them here.
- Cryptocurrency lending : this is a process of lending out your money ( cryptocurrency) for traders to use on a trusted
registered website and get good returns (might be good in all cryptocurrency, but it's better than what your bank would do
for you). As at today 20th of June, interest rate for bitcoin was 0.2% everyday (go and make your research)
- Through buying and selling of cryptocurrency.
Now we all know so many ponzi sites promising 150%, 200%...ROI in 4 days :), but all this ponzi schemes no one know who's behind it, they've ran with our money several times.
Ask yourself this question, ponzi schemes are crashing daily, but the price of cryptocurrency are increasing daily, even banks are using cryptocurrency now (ripple is one of the cryptocurrencies used by banks, check Ripple.com). This just means cryptocurrency are independent of ponzi schemes.
So how do you make money through this little info?
The idea is to buy this cryptocurrency when they are low and sell them when they are high.
This link http://coinmarketcap.com/gainers-losers/ gives you the different growth rate of several big cryptocurrencies.
As you can see, some grow by over 100% in 24 hours,. When u click "7d" you'll find out that some grow by over 500% in 7 days.
So what should you do then with this information?
Buy these cryptocurrencies when they are low and store till they increase like you've seen in
http://coinmarketcap.com/gainers-losers/.
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Great post I gave you a follow !
Thanks