Investing Bitcoins is very satisfying; however, it is full of risks. Many investment plans turn out to be scams. That’s why, one needs to be very careful in deciding where to invest and how much to invest. Below are my rules for investment:
1- Never spend more than you can afford to lose.
2- Don’t put all your eggs in one basket. Spread out your investments so that if one plan turns out to be scam, you don’t lose everything.
3- If it sounds too good to be true, it’s most probably scam.
There are different forms of investment for bitcoin. These are some of them:
They stand for High Yield Investment Plans. They ask you to deposit a certain amount of bitcoins so that you get a certain percentage of profit daily or even hourly. Most of these websites are scam. Use them at your own risk. We will include a few examples of our most trusted below.
These are companies which use your money in order to purchase hardware to mine bitcoins and give you back a certain amount, which is usually not set since it depends on the difficulty of mining. Many HYIPs usually hide behind a facade of cloud mining. We will share the ones we are mostly sure are legit. However, at this time, bitcoin cloud mining – the legit kind – is not really profitable.
These are usually based on referrals. You need to refer a certain number of people who donate to their upliner and refer more people on their own. These are profitable only if you are early in joining. The older the matrix is, the harder it is to get referrals.
They stand for Revenue Sharing programs. These are mainly advertising websites which sell you adpacks or advertising packs which you can use whatever you like. Additionally, you earn a certain amount of profit from the revenues of the company.
Note: Unfortunately, most revshares are having problems and are turning into ponzis or DAS. We do not recommend that you join them at the moment.
Trading is when you buy a currency at a low price and exchange it with another once the price rises. It’s very risky; however, there are a few ways to minimize the risk such as setting limits to when to buy and when to sell and sticking to them. For trading, we recommend
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