There are many ways in which, you can invest in cryptocurrencies in your 30s and guarantee yourself financial security, by the time you are 40. Take for example a platform like Coinseed, which allows you to invest tiny amounts in cryptos, and accumulate over time. Through this platform that will be holding an ICO between the 20th of March and the 20th of April, you can invest amounts as low as $5. That’s a very small amount, which many people in their 30s can afford to spare and invest. But micro investment is not the only route to crypto wealth in your 30s. There are many different ways to go about it. Here are some of them.
1. Build a Staked Coins Portfolio and Earn a Good Passive Income by 40
It is possible to stake some coins from reputable cryptocurrencies and keep them for an extended period to gain some profit. You do not have to start with a lot of money, you can start with a little, then build up to get enough to stake in a network of your choice. Staking gives you an opportunity to win a block after some time if you have a chain with the highest collateral. Getting such blocks over time gives you more coins that you can sell at a later date. A good network you can invest in at the moment is Neo Coin. But there are other good staking platforms that you can invest in apart from Neo coin. Just take your time to do some research.
2. Invest in Major Coins that Can Store Value
Bitcoin, Ethereum and Litecoin are some of the major cryptocurrencies you can speculate in, and earn some money in the long-term. Bitcoin, for instance, was retailing at just a few cents a few years ago. It is now well over $10,000. This also applies to Ethereum and Litecoin. It is still early to buy a stake from these coins as they still have a promising future. You can buy fractions of these coins and accumulate your portfolio with time. There is a possibility that coins that offer a particular value to the society will eventually increase in value and earn you handsome profits. You have to be willing to wait for more than 5 to 10 years though. If you have such patience, it might pay off just when you are hitting 40 and retire a young person.
3. Invest in a Good ICO
Alternatively, if you do not want to invest an already existing coin, you always have an option of finding a promising Initial Coin Offering (ICO) and buy early when it’s selling at just a few cents. Make sure you do a thorough research before investing in these ICOs to avoid being swindled. If you find a viable and one with a promising future, you can buy their tokens and wait for the exchanges to list the token. In most cases, these coins gain value once they are listed in major exchanges. You can take a risk and wait for them to rise in price or sell them once they are listed. There are so many ICOs coming up some of which are giving value to the crypto industry, but most are just for speculation. Take time to identify those that have something of value and buy their tokens.
4. Learn how to trade in Cryptos and forex
In addition to speculating, buying and selling tokens, you can learn how to trade cryptos and fiat currencies. You need to have extensive knowledge of the existing digital currencies to trade these digital coins. Take time to understand their uses and the price scale to determine the best trading pairs. Identify exchanges that have high liquidity, and which you can easily convert your coins into fiat currency. You can also leverage digital currencies against fiat currencies to make some quick profits. Keep in mind that these cryptocurrencies are extremely volatile. While you can make quick cash if you play your cards in a smart way, you can also easily lose your money if you get too greedy. The trick lies in knowing when to get into a trade and when to exit. Also, go for cryptocurrencies that have something of value rather than those that are just speculative.
5. Start a Crypto Blog and Build a Good Following
Apart from speculating, buying into ICOs and trading, you can simply earn by educating others about cryptocurrencies. Start a crypto blog or a website where you can be writing all about digital currencies. There is a lot of information online that you can use to write informative articles. Join crypto groups to keep yourself informed of the latest developments about the crypto world and consistently update your site. If you keep adding informative content to your blog or site, you will build a good following or audience that can draw advertisers and others to your site. You can earn from clicks or from various companies advertising on your site. You can also sell articles or you tube videos to earn some money. It is all about doing extensive research and providing rich content.
There are other aspects you need to learn before you start investing in digital coins. Note that you buy these coins from exchanges which are susceptible to hacking. As a new trader, you might leave your coins in the exchanges which are not safe. Learn about digital wallets where you can transfer your coins from the exchanges especially if you want to keep them for a long time. Also, educate yourself on how to move your coins through various exchanges, and from the exchanges to your digital wallets.
Much as you are investing from a good future, don’t use all your savings in this business. Start small and improve through the ranks as you learn the mechanics of this trade.