There are three ways you can use crypto to make a profit: you can HODL, trade or invest.
When you HODL, you buy cheap, hold and sell high. HODLers that bought Ethereum for $375 on April 4th could sell it at $803 on May 4th, only one month later. After seeing the boom of Bitcoin in 2011, it was 4 years before Vitalik’s currency entered the marketplace and killed it. Ethereum’s ROI has been nothing short of jaw-dropping at 230,000%. Having sold its tokens at $0.31, an Ether token now sits at a whopping $500, second in value only to Bitcoin. At BitForex you can instantly open a free account to buy and sell cryptocurrencies in no time. There are over a hundred currencies for you to choose from, buy and HODL for as long as you will and, of course, that includes Bitcoins and Ethereum.
If you are trading, you can catch lows and highs on crypto exchanges and make profit. Who traded TRON between the 4th and 5th of April had the chance to make 72% in profit. With BitForex you can buy and trade a large number of cryptocurrencies conveniently from the comfort of your office or home. You can also see on BitForex’s trading platform up to date, real time market charts to make wise trading decisions. Just open a free account and happy trading!
When investing, you buy a coin during the initial sale stage, and wait for the project to be realized, the coin’s price increases and it gains real life value. Investors who bought OmseGo during their ICO and waited for one year made more than 4500% profit. Another project that made investors smile since its ICO is IOTA.
IOTA makes use of distributed ledgers but replaces blockchain with a different technology called Tangle. Due to its structure, there is no need of miners, and then there are no fees. With its ICO launched in November 2015, IOTA has already increased +223.972%% in value. What is IOTA’s strength point? Its speed and low costs involved make it the ultimate distributed communication protocol for the Internet of Things “IoT”. And you must learn deeply about the projects before making an investment decision.
On BitForex you find fresh, straight from the oven high-quality projects, you can learn more about each one of them, invest in their coins and wait for their value to skyrocket to make a great profit as an investor.
HODL, Trade, Invest: what type of crypto-investor are you?
By: Daniel Rufini
23rd June, 2018
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