How to Make Money on Cryptocurrency. Beginner’s Guide

Cryptocurrency is one of the hottest topics of conversation today. Surely you have heard about digital assets and that by investing in cryptocurrency you can miraculously get income from a business that you do not own. If you are interested in learning how to make money with cryptocurrency, you are in the right place. News articles appear every day about how people become millionaires by investing in BTC, altcoins, ethereum, and new crypto assets that are just starting their journey in the cryptocurrency market, such as Fuji Token.

There are also those users who firmly believe that investing in cryptocurrencies is too technically difficult. Actually, it`s not true and anyone can learn how to make money with cryptocurrency. We assure you that after reading the article to the end, you can start making money on cryptocurrency on your own.

Proven step-by-step guide or what a beginner should pay attention to

What is cryptocurrency? There is a tremendous amount of conflicting information on the Internet — sometimes incomplete and sometimes just false. Cryptocurrency is a type of digital currency based on blockchain technology and operating in a fully automatic mode. The first crypto asset was Bitcoin, which appeared in 2008 thanks to Satoshi Nakamoto.

He created a technically advanced solution, an ingenious solution that occurred to him during the 2008 collapse of the global financial system. Banks went bankrupt, people lost their savings, the world economy was on the verge of bankruptcy, and it was necessary to find a solution that would remove the middleman from the money chain.

Today there are over 1,500 different cryptocurrencies. But most people follow the latest news related to the top 10–20, and a tiny percentage of investors fund their money in newbies such as Fuji token, Chia. This is because they have not fully idea of how to invest and here we will tell you about that.

Buy and hold

Buying and holding (holding cryptocurrencies) is the method most common among investors in the cryptocurrency world. Using this method of investing making money with cryptocurrency, you buy an asset, wait for the growth percentages to accumulate, and then sell the asset and get the money.

The investor’s task is to wait until the price of the chosen currency rises and he can sell it at a rate higher than when he bought it.

We will take as an example a brand new cryptocurrency that has only recently entered the cryptocurrency market. This is the FJT coin. This coin is used on the Fuji platform. Referring to the latest news, the company has launched the first round of coin presale. If an investor wants to make money using the buy and hold method and wait until the coin grows in price, then he will buy the FJT coin at the initial stage of pre-sales. During this period, buying coins from 500 to 3000 dollars — the price of one coin will be 0.5 dollars. Accordingly, if you wait until the value of the coin begins to grow and sell it, then these investments will increase significantly.

You can find out exactly what the cost will be from official sources on Twitter and the company’s website https://fujico.org/. But we know for sure that the buy and hold method works.

Mining

Mining is another way to make money on cryptocurrency. In simple words, it is a cryptocurrency loyalty program. Cryptocurrency mining is the mining of cryptocurrency using computer equipment, or rather, the activity of creating new structures, new blocks in the blockchain. It is quite difficult for a person who does not have an IT and math education and requires a lot of computing resources.

What attracts today’s cryptocurrency market

If you still have doubts, then you just have to look at why the cryptocurrency market is so attractive. Here are some benefits:

• profitability;
• high investment potential;
• the constant growth of cryptocurrency;
• lack of inflation;
• confidentiality;
• high transaction speed;
• independence from the classical financial world;
• security (only the owner has the key to the currency wallet).

Cryptocurrencies are rapidly becoming more expensive, and sometimes even faster, but optimists claim that in the future they will become a universal means of payment. Gradually, cryptocurrencies, especially the most common ones, will gain the properties of the money we are used to, and we can pay for goods and services with them. But for now, we can invest in cryptocurrency, and receive significant passive income from this type of business.