Trader logo

Earn big with small investments in crypto

Make crypto trading your living

By Mv AjayPublished 3 years ago 4 min read
Like

The Crypto market has been growing day by day. Even people who have no knowledge of cryptocurrency might know about Bitcoin. You see, that's the beauty of crypto. Can crypto coins make you rich? The answer is yes, but only if you invest in good coins.

Let's take an example. In 2016, Bitcoin was trading for 7000 dollars, but now the price of bitcoin is 39098.95 dollars. Now see the difference. More than 5 times the Bitcoin price has increased since then.

The price of Bitcoin in 2009 was $0.0009. So, if you hold good coins with a good project and a good blockchain system for a long period, you may get good returns. If you don't want to hold any coins for a long period, You can still invest in crypto coins.

If you are a student or an employee or a homemaker, or anyone who wants to make some passive money, you can invest in the crypto market. You can invest as little as 2 dollars in Coin Base. But do remember one thing, there is a risk of losing your money if you invest in any crypto coins without proper knowledge and research. A good coin may fall at its initial stage, but it will always grow big in the end.

 

What are the types of coins available in the crypto market?

In the crypto market, there are four types of coins.

1. Mainstream coins.

2. Alt coins.

3. Meme coins.

4. Shit coins.

Coins like Bitcoin come under mainstream coins. Coins other than bitcoin are called Altcoins or Alternative coins for Bitcoin. Coins that were introduced to the crypto market as memes of other coins. Coins like Doge coins and BabyDodge are called meme coins. It is used to describe cryptocurrencies with little to no value or digital money that has no immediate or obvious function.

What aspects give a coin a good future?

By Bermix Studio on Unsplash

There are always a few aspects that need to be considered while buying a coin. Blockchain system, Developers, Circulating Project. In my opinion, these are the key areas where we have to focus while buying a coin.

Let's see about these aspects in detail. Blockchain may appear to be complex, and it certainly can be, but its basic premise is actually fairly simple and easy to understand. A blockchain is a sort of data storage system, similar to a database. Having a basic understanding of databases will help you better grasp the concept of blockchain technology.

It is a collection of information that has been saved on a computer system in an electronic format. As a result of the table format, most database information can be searched and filtered more easily. 

It is important to know about the developers and their work profile because developers will definitely have an impact on the growth of a coin. Another key aspect that is to be considered while buying a crypto coin is the circulating supply because when the circulating supply of a coin is big, there is a chance that the price of a coin could go down.

So, use these parameters and observe the price chart of a crypto coin well before investing in it. I use these parameters while investing in crypto. I will share my personal experience with crypto at the end of the article. So, please follow the article to the end.

It has been 10 months since I decided to invest in crypto. Back then, I had no knowledge of the crypto market. I have been researching the crypto market for 6 months. During that period, I have added a few coins to my watchlist and thoroughly gone through the price chart for 6 months. After that, I got a good knowledge of a few coins and I got a bit of clarity about the crypto market. Now I'm able to buy and sell coins at good prices.

I'm going to share a few coins that will give you good returns. I too got good returns from these coins. The list of coins is given below:

1. Matic

2. Tron

3. 1Inch

4.Cardona

5. Ethereum classic.

Matic is an Ethereum blockchain-based crypto coin and, moreover, it has the lowest transaction fee when compared to other coins. 1Inch is an exchange that has lower exchange fees when compared to Uniswap and other exchanges.

These coins can give you good returns. Buy those coins at a low price when available, and analyze their price chart to sell them at a good price.

 

Winding-Up

These are the coins that I have invested in. If you hold these coins for the long term, you will get good returns. I prefer to use CoinBase as it has a good interface and is easy to use. I hope you all loved this article. Forget not to mention, if you want anything about crypto-related news, drop it in the comment section. I will be back with a new topic. Until then, stay tuned and keep supporting.

personal finance
Like

About the Creator

Reader insights

Be the first to share your insights about this piece.

How does it work?

Add your insights

Comments (1)

Sign in to comment
  • Red Arrowabout a month ago

    Earning cryptocurrency still scares many people who believe that it is very difficult and dangerous. However, modern gambling platforms provide the opportunity to earn crypto quickly and easily. I recently learned about DuckDice https://duckdice.io/dice/trx-tron , which has actually been in the gambling industry since 2016. I've never played craps before, much less crypto dice, but it's a great gaming experience.

Find us on social media

Miscellaneous links

  • Explore
  • Contact
  • Privacy Policy
  • Terms of Use
  • Support

© 2024 Creatd, Inc. All Rights Reserved.