Work: The Best Way To Invest In Crypto
If you can’t beat the market, join the market
There are more ways to invest in cryptocurrency and blockchain technology than there are ICOs and cryptocurrencies. You can purchase a digital asset, maybe using a strategy like “dollar-cost averaging”; or, do the opposite and leverage capital (or margin) against a cryptocurrency. If you’re technically inclined, you might even build your own mining rig and join a pool.
Each of these general methods of investing in cryptocurrency require an initial capital infusion of your own, which some investors (perhaps recklessly) acquire by taking on debt.
What if I told you, though, that the best way to invest in a “new paradigm” technology like blockchain does not involve securing a loan or sending money to an exchange? In fact, the method is the reverse; you get paid directly, on a regular basis, and in return, you offer your time and experience.
The name of this method is “Work,” and I believe it to be the best way to invest in crypto because A) it directly contributes to growth for the industry, and B) in addition to the fiat or cryptocurrency you receive for your efforts, you also C) learn much more about the industry than you otherwise could.
By working in the customer service department for a cryptocurrency exchange, or joining a community management team for an upcoming ICO, you can directly impact the growth of this industry. This is something that the “HODL” strategy of just buying tokens and not doing anything with them does not accomplish.
What’s more, working in cryptocurrency involves far less risk than making capital investments in cryptocurrency. Whereas a “whale trader” stands to lose their initial investment, as well as possibly owe more in taxes than they’ve profited, or even go into debt; the crypto worker can only lose the time and effort they’ve spent.
For some, there might be a cost to taking a job at an ICO or cryptocurrency company. Perhaps a pay cut from your previous job, or relocation expenses. But as with buying crypto, only invest what you can afford.
For any crypto job seekers reading this, here are some interesting listings I was able to find on various crypto job boards:
- Sr. Mobile Developer at Selkfkey, from HiredCrypto
- Javascript Developer at The Rogue Project, from Crypto Jobs List
- Meme Specialist at ECOS, from Crypto Jobs List
- Art Director at Nebula Project, from Crypto.Jobs
- Cryptocurrency Tax Reconciliation Specialist at Bitcoin for Beginners, from CryptocurrencyJobs.co
Keep in mind: if you don’t find a job at a crypto company, that doesn’t mean you can’t still “work in crypto.” You could still contribute to one or several of the open-source projects being developed, such as the SAFEnetwork, or join a remote, co-op development team in an ecosystem like NEO, in which payment is made through “bounties.”
If freelancing is your thing, you could offer writing, design, or development services on sites like Moonlighting.com. Or, if you are so inclined, you could create crypto-related content on YouTube or Twitch. Who knows, maybe your “crypto millions” won’t come by way of cashing out your holdings, but by advertising revenue on your channel.
Whichever path you take on your crypto career, as long as you have entered with the goal of bringing about the crypto industry you would like to see, then you are guaranteed a return on your investment.*
(*I am not an advisor of any kind. Best of luck!)
