i got to know about BITCOIN in august last year and my first use of bitcoin was in ponzi schemes which ate a lot of my money. initially i thought bitcoin was the currency for all type of ponzi schemes. I participated in almost all ponzi schemes i saw online because. i didn't just want to have one source of income. i had a job which wasn't paying me well then, so i needed extra income. Ponzi schemes were initially paying well until late 2016 when they started crashing and i lost lots of money.
But as i kept reading and making research on legitimate ways to make money with cryptocurrency, i got to know about lending with poloniex.com, got to know about buying some coins when they are low and selling them when they are high etc.
it wasn't really profiting then because my trading skills were beyond amateur. Because of my poor experience i decided to just buy coins that would grow like bitcoin in the future. so i went online and searched "TOP 10 CRYPTOCURRENCY TO INVEST IN 2017". My research led me to many coins
including RIPPLE, MONERO , DASH ,ETHEREUM ,VERGE, DUBAI COIN (DBIX AND DBIC) etc.
Most of these coins i bought have grown by over 1000% between then and now and now i am wishing id bought more.
- just on the 20th of january 2017 , 1 ethereum was just $10.52, this is just less than year, ethereum has grown from $10.52 to $700 which is over 10,330% increase in one year, isn't that incredible?
old price:
new price:
- bitcoin has seen a growth rate of over
As you can see, the growth rate for holding cryptocurrency is huge in the long run. we are about entering another year for cryptocurrency adoption and more all time highs will happen for manycoins.
6 WAYS TO PREPARE FOR 2018 WITH CRYPTOCURRENCY
Cryptocurrency and blockchain adoption is at its infant stage in adoption and the world is about to experience the power of decentralized systems next year. My top 6 ways to prepare for 2018 with cryptocurrency are;
1. BUY AND HOLD NEO:
Neo is a cryptocurrency that is called "china's ethereum" . if you buy and hold NEO, you will be getting free gas coin every single day. i have written about NEO several times ,click here to know how to get free gas coin for holdingNEO.
2. Trade with xchangerate.io:
this is a web app that uses your API KEY from bittrex and butfinex to trade. it helps minimize loses by telling how well a coin will grow and tells you when to buy and sell coin. more details here and here.
3. Rent out your Hard drive
yesterday i wrote about how you can rent out your hard drive and get paid in cryptocurrency. this renting is really not yet a profitable right now in 2017, but i am sure soon it will be. you'll get paid but not that big, because people still don't know about it. click here to know about you can rent your hard drive.
4. Scout for cheap cryptocurrency with great future
there are many cryptocurrency that are very cheap to buy now that will be big in some months time. some of these coins are below $1. Buying them now will keep you in a position to earn massively when these coins hit $1.
some Cryptocurrencies that were cheap to buy earlier this year that you missed out on
| COINS | PRICE EARLY THIS YEAR | CURRENT PRICE | GAIN IF YOU HAD INVESTED $100 |
|---|---|---|---|
| XRP | $0.2 | $1.1 | $450 gain |
| ADA | $0.02 | $0.4 | $1900 gain |
| BTS | $0.003 | $0.5 | $15,566 gain |
| NXT | $0.006 | $1.59 | $26,400 gain |
| ARK | $0.007 | $8.21 | $117,185 gain |
as you can see from the table above , just a small investment of $100 into cryptocurrency early this year could have given you crazy gain in just one year. $100 is currently about about 10 SBD . dont eat all your earnings from steemit now, invest one or two SBD into cryptocurrency and HODL.
5. Initial coin offering (ico):
Initial coin offering is a way of raising money for a cryptocurrency project. cryptocurrencies are extremely cheap during ico and few months after ico, those coins will grow by over 1000%. ,most of the popular coins we have today were once an ico.
6. Get Addicted to steemit
just in case you have not heard about steeemit before now, steemit is a platform built on STEEM blockchain, where bloggers get rewarded for their valuable contents.
steemit is not a "get rich quick scheme" or a short cut to success, you have to input time and passion, but the beautiful part of steemit is that it requires no initially investment, the more creative and original you are on steemit, the more you'd l likely earn.
Thanks for reading
Merry Christmas
