4 Ways to Smartly Invest in Cryptocurrencies ---At the end of this article, I will show you the best way to start investing in cryptocurrency. It is completely free, simple, safe, and does not require a credit card. Hi Guys, Investing in cryptocurrency is one of many options for investing your money today. In fact, it’s pretty hard to avoid hearing about the crypto market and its opportunities. Still, all this buzz doesn't mean it’s the safest way to invest your money; it’s just an option. Last week, I was completely knocked out by a friend's reaction when I simply asked, “How much do you have in your bitcoin wallet?” He suddenly wore a disdainful look. What happened? He replied, “It’s a long story. I heard glowing reviews on how cryptocurrencies have turned many into millionaires overnight, so I thought it wise to invest all I had on November 27, 2017. Little did I know I was throwing debt a welcome party. I don’t think I can ever invest my hard-earned cash on cryptocurrencies again.” Actually, I felt pity for him. But the big question is, did he do his homework before putting all his money in? No, he didn't. He merely heard people's positive testimonies and jumped into it. The crypto market is, after all, highly volatile. It's not a safe or low-risk type of investment. Therefore, don’t allow FOMO to swing you into making a swift and risky decision just like my friend. But If you are considering it, here are smarter ways to invest and still make the most out of it. (Note: I don't intend to discourage you from investing in cryptocurrency. I just want you to be aware of the high risk involved in know how to invest like a businessman and not a gambler.) Related: Should You Invest in Bitcoin and Cryptocurrencies? 1. Carry out a deep study before you invest in any cryptocurrency. To make profit from investing in cryptocurrencies, you have to carry out a deep study on the obvious coins. This way, you’ll be more knowledgeable about the coins you want to invest in and understand the utility it contributes to the crypto world. One of the core reasons why so many are still in doubt about cryptocurrencies is because they suffered serious loss as a result of the dramatic decrease in bitcoin and altcoins in December 2017. Just like the case of my friend, due to FOMO, he entered the market without proper research and ran into huge debt. In this form of investment, just like forex and stocks, you don’t have to gamble to make a profit, so be careful with whatever decisions you make, because the worst thing you can do is to invest in cryptocurrencies you know little or nothing about. 2. Don’t invest based on hype and noise. A smart crypto investor doesn’t make decisions based on hype and noise — it's highly risky. If you want to make money investing in crypto, you’ll have to invest based on calculated risks and asking the right people for the right guide. Relying on only what the crowd is saying about a coin is not wise at all. The price might crash all of a sudden, leading to a terrible loss. Instead, be enlightened, ask the right people for a guide and arm yourself with enough knowledge before you invest. Making money in the crypto market is not child’s play. You need patience and the right knowledge to make worthwhile profits. 3. Understand your risk strength and invest what you’re willing to lose. Taking financial risks makes some people nervous, while some seize the moment and jump on a potential opportunity. Where do you belong? Be sincere with your response here. It will help you decide what portion of the portfolio to invest in. Advisably, if taking risk makes you nervous, don’t invest in crypto. There are many other investment opportunities out there that aren’t extremely volatile. However, if you’re a risk-taker, invest only a portion you’re willing to lose, in case things go south.
Most importantly, there is no rule on same-amount investment. Just because Jan invested $4,000, it doesn’t mean you have to do the same. If you’re willing to risk more than Jan, that’s your decision, and if you’re willing to risk less, that’s your choice as well. What matters is that you invest within your limit. That is what you’re willing to lose. 4. Proportioning your money on more than one coin. A good strategy for reducing risk is to spread your investment across cryptocurrencies. It does have its own complications, but it’s better than investing in just one coin. Yes, cryptocurrencies are extremely volatile in their pricing, but all of them simultaneously failing is an unlikely event. Aside from bitcoin, there are thousands of others in the market. You just have to open your eyes because, there are many scam coins as well. Among the “real” coins, study and opt for the ones that have potential, and then proportion your money based on your calculated risk. The idea behind this — and any of these tips — is to mitigate the risk of losing all your money. Now I am going to show you the best way to start investing in cryptocurrency, the PI network Pi coin is the first & only cryptocurrency that you can mine on your phone. And it is FREE, even no credit card required. Pi Coin & Pi Network “Pi Network” is a smart platform that allows users to earn Pi cryptocurrency from any mobile device. Beta version of the app was launched in March 2019 by three individuals from Stanford. And two of them hold PhDs. They aim to create a secure, immutable, non-counterfeit and interoperable source of digital money. They are going to do this by using distributed ledger technology and making use of the stellar consensus protocol. Download Pi Network App: Android | iOS and use the invitation code cakzd. Pi Network is secured and operated by its community,i.e. its users and their joint engagement. Pi is mined through proof of consensus, which is basically where your phone communicates with a bunch of nodes, and the nodes collectively decide on what the solution to the next block is. Whereas in Bitcoin, the solution is already set and whoever gets it first gets the reward. How to “mine” Pi Coin? There are simple steps to connect to a Pi network and start mining the cryptocurrency – Pi Coin. First, you download their app and specify the registration method: Facebook or phone number. You will also be required to fill in an invitation code (cakzxd) to join the network as it relies on secure circles. Each user receives one “Pi” per account upon registration. To mine, you just have to open the app and click on the ‘mine’ button every 24-hours to prove that you are a credible contributor to the network. The app doesn’t need to run in the background, so you can close it and open it after 24-hours and click on the button to mine. There is currently no way to invest in shares but more options will hopefully become available as the app gains more popularity. How is it different from other cryptocurrency? Some of the key differences between Pi Network and other blockchains are the fact that rewards are paid out daily. They are not paid out per block, and they are also spread across the entire network so as long as you interact with the network, you will receive a payout at the end of the day. The white paper discusses the availability of free transactions depending on network congestion. Once the network becomes heavily congested, then miners will be able to sort through transactions based on a fee system with higher fees being dealt with first and everybody else having to wait based on the amount of fee they want to pay. At present, there is no fixed supply and the total supply is unknown. Once the project officially launches, the total supply will be worked out. The tokens that people are earning right now are acting as a faucet and are a visual representation of tokens that will be created in the Genesis block when the main net launches. Pi network is rapidly expanding and as of right now it has more than 8millions engaged users. It could be the next big thing for all we know. It is free to join so no one stands anything to lose by downloading the app. But it is highly recommended to do your research before you decide to delve further. Today, the price of Bitcoin has exceeded $10,000, but in 2009, 10,000 Bitcoin was only equivalent to 2 pizzas. Pi's situation today is the same as Bitcoin in 2009. If you missed Bitcoin earlier, please don't miss this opportunity again. You can also find the Pi network on our site. For more information, check the FAQ and the white paper (if you have technical knowledge) which you both find on minepi.com/cakzxd. In the app is a chat where you can chat with other users and the admins. or visit us at https://www.pinetworkapp.org or https://minepi.com/cakzxd If you miss Bitcoin in 2009 ,Do not miss Pi again at an early stage, 8 million active users now, Please join us, it is still early. PI is a long term project, If you want to make money fast and take some risks, please visit the below subsite， This subsite will be updated weekly. It is going to provide you some idea on how to earn with ZERO or little investment to make money, Please visit us frequently. https://www.pinetworkapp.org/free On December 15, 2020 and yahoo group members will no longer be able to send or receive emails from Yahoo Groups. If you want to still receive those messages on how to invest in the crypto FREE and SAFE, Please join oure new google group Great_Opptunity_Invest_Blockchain You just need to send a blank email to l0731goibc+subscr...@googlegroups.com. Then you will get a reply from this group. Please DO NOT click the the buton "Join This Group". But just reply it with aother blank email again. You will be added to the group. You will get the confirm email message "You are now a member of the l0731goibc group". Good Luck.
