Whether you’re new to cryptocurrency or have been in this space for a while, it’s always worth spending a little time researching the different ways you can grow your cryptocurrency assets.
Here are 10 ways to start and increase your cryptocurrency holdings:
Buy and Hold (hodling)
This is the simplest and most popular method. This simply involves purchasing a cryptocurrency such as Bitcoin or Ethereum and then holding it with the expectation that it will increase in value over time.
This method reduces the risk of making wrong decisions based on short-term market fluctuations and can lead to significant profits as the market matures.
Our view is that Bitcoin should be a part of every cryptocurrency investor’s portfolio and the strategy we adopt for Bitcoin is “buy and hold” (Hodl strategy).
Hodling Strategy (HODL) | Altcoin investor
“Hodling” is one of the simplest and most popular approaches to cryptocurrency investing.
transaction
If you’ve ever heard of cryptocurrencies, you’re probably very familiar with the concept of cryptocurrency trading. This is one of the most popular methods investors use to grow their cryptocurrency assets. Buying and selling a cryptocurrency asset multiple times in succession is called trading.
There are three main types of trading in the cryptocurrency market that you should be familiar with.
day trading
As the name suggests, day trading refers to trading during the day. These cryptocurrency investors, known as day traders, seek to take advantage of the short-term volatility of the cryptocurrency market. We want to capitalize on small price movements that occur within hours of the trading day to make money with very quick turnarounds.
swing trading
Swing trading is similar to day trading, except that trading lasts more than one day. This strategy requires holding assets for several days to several weeks to benefit from expected upward or downward changes in market prices. Swing traders aim to profit from significant fluctuations in market sentiment by combining technical and fundamental analysis to predict these movements and time their trades accordingly. Most cryptocurrency traders fall into this category.
AI Trading Bot
One of the biggest trends in the world right now is artificial intelligence, and AI is already taking over cryptocurrency trading. Although it is still possible to trade manually, new technologies and trading bots are emerging that are much better than manual trading.
In my opinion, day trading and swing trading are obsolete and while they may still work, they cannot compete with AI trading.
AI is much faster, more reliable, doesn’t require sleep, doesn’t make emotional purchases, and has the potential to deliver much higher returns to investors.
When it comes to cryptocurrency AI trading bots, there are different types of bots to consider, from regular trading bots to copy trading bots.
AI trading is done using trading bots. These bots can be fully automated and complete 100% of transactions on your behalf or subject to specific parameters. The AI trading area is growing day by day with the emergence of various new products and AI trading bots.
If you want to learn more about the best AI trading bots on the market, this article explains each bot in detail.
Top 6 AI Trading Bots of 2024 | Cryptocurrency Trading Bot
The best AI trading bots of 2024 include Stoic.ai, HASS Online, Quadency, BotCrypto, Shrimpy, and Cryptohopper.
airdrop
For many people, Airdrops have provided much-needed capital to begin serious investing in cryptocurrency. One of the most common complaints is people saying they don’t have money to invest, and for those who have time but no money, airdrops are a great option.
This has become very profitable in recent years, with some individuals working full time to earn airdrops, earning a decent income through their efforts, and then using this money to fund their investing activities.
Then there are entire groups and initiatives of individuals looking for the most profitable airdrops. If you want to know about the latest airdrops, AirDrops.io is a good place to start.
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staking
Did you know that you can earn “interest” just by holding certain cryptocurrencies? This process is called “staking” and is where you “stake” your holdings to support network operations.
In the past, staking was a complicated process, but today it can be completed with just a click of a button within your wallet software.
Stake your Solana holdings with a click of a button and earn 7.6% APY.
Staking won’t make you rich or create life-changing wealth, but it can help you combat inflation and will help you grow your cryptocurrency empire with the help of compound interest.
Solana is not the only blockchain that offers staking. There are several blockchain platforms that offer staking, which can be found in the Exodus wallet.
When deciding to stake your cryptocurrency, it is important to choose the right wallet. If you want to know more about the best cryptocurrency wallets with staking, check out this article.
Top 4 Cryptocurrency Wallets for Safe Storage: Your Complete Guide
This guide will provide you with valuable insights so you can confidently navigate the world of cryptocurrency wallets.
mining
If you are serious about investing in cryptocurrency, you will probably want to get involved in making money by mining cryptocurrency. There are several ways to participate, depending on your technical experience and preferences. Whether you have technical knowledge or not, there is an option for you.
home mining
If you are someone who really likes getting into code and learning how mining works, mining at home may be the option for you. This can be a hobby that can make money, or some people have turned it into a full-time business running a mining facility. How big you go and where you go is entirely up to you.
hosted mining
If you don’t have space at home, an alternative option is to rent rack space, also known as hosted mining. This is where a mining facility hosts and runs your machines for a small fee.
cloud mining
If you don’t have space at home or lack technical knowledge, there is cloud mining where you can buy mining power in exchange for ROI or to find specific coins. Buying cloud mining contracts is one of the passive income ways you can make money with cloud mining.
Fractional Mining Ownership (NFT)
This is a new approach where investors buy shares or pieces of mining hardware. The company offers fractional ownership of the mining equipment, and investors receive a proportional share of the mined cryptocurrency.
Yield Farming and Liquidity Mining
In the decentralized finance (DeFi) space, you can provide liquidity to liquidity pools (collections of funds locked in smart contracts) and earn fees from the underlying DeFi platform. Although this is highly profitable, it can also be risky due to potential impermanent losses.
ICO, IEO, IDO
If you are looking to get involved in a project early on, we recommend looking into ICOs, IEOs and IDOs. There are a lot of abbreviations in cryptocurrency, so let’s take a look at each one and explain what they mean.
ICO (initial coin offering), IEO (initial exchange offering), and IDO (initial DEX offering) are all different ways to describe how a project raises funds by issuing new tokens. These new tokens are the first products of a coin or token and are often the best way to get involved with a project right from the beginning.
When we see investors reporting 100x or more returns on their cryptocurrency investments, it’s often because they bought into the project very early to take advantage of the biggest ROI.
🚀 100x Altcoins: +100x potential for newly minted cryptocurrencies
Use this strategy to find newly minted cryptocurrencies with a potential of 100x or more.
arbitration
This involves buying cryptocurrency in one market and selling it in another market where the price is higher. Liquidity and price differences between exchanges can provide profitable opportunities.
This task can be done manually, but today AI has completely taken over this field. If you are interested in using Artbitratge, we recommend taking a look at the different types of mediated AI trading bots on the market.
Top 6 AI Trading Bots of 2024 | Cryptocurrency Trading Bot
The best AI trading bots of 2024 include Stoic.ai, HASS Online, Quadency, BotCrypto, Shrimpy, and Cryptohopper.
NFTs, collectibles and virtual real estate
There is a massive movement happening called tokenization of real-world assets. Real-world assets like cars, houses, boats, and airplanes will have digital representations in the form of NFTs. These NFTs have the ability to increase in value, similar to investments in physical assets.
Non-Fungible Tokens (NFTs) offer a variety of opportunities across a variety of sectors for cryptocurrency investors. NFTs are unique digital tokens that represent ownership of a specific item or asset, utilizing blockchain technology to verify authenticity and ownership.
Explore different options for investing in NFTs, focusing on virtual real estate, collectibles, and real-world assets.
virtual real estate
Virtual real estate involves purchasing digital land or assets within a virtual world or metaverse platform such as Decentraland, The Sandbox, or Cryptovoxels. These platforms allow users to buy, sell, develop and manage real estate in virtual space.
collectibles
Digital collectibles are one of the most popular forms of NFTs. This can include digital art, trading cards, and other unique virtual items. Platforms like OpenSea, Rarible, and NBA Top Shot are popular marketplaces for these NFTs.
real assets
NFTs linked to real-world assets combine digital ownership of a physical item. This can include everything from real estate and cars to luxury goods and upscale experiences. These NFTs act as digital certificates of ownership or rights to a physical asset.
Investing in non-fungible tokens (NFTs) or cryptocurrency collectibles can also be profitable. These digital assets can increase in value, especially those associated with historical moments in art, gaming, or cryptocurrency.
Cryptocurrency funds and ETFs
There are also options to invest in the stock market through cryptocurrency funds and ETFs, but I think this deviates from the original design and intent of Bitcoin and cryptocurrencies as a whole. We believe in self-custodianship of cryptocurrency, and if you are interested in Bitcoin, our philosophy is to have sole custody of your Bitcoin. This means access to your private keys, something that is not available in Bitcoin and cryptocurrency funds. .
Each of these methods has its own level of risk and potential return, and the best approach will depend on your financial goals, risk tolerance, and participation in the cryptocurrency space. Always do your due diligence and consider seeking advice from a financial professional specializing in cryptocurrency.