Don’t Miss Out: How Investing in Cryptocurrency Can Make You a Millionaire In 5 Years
What if you could make one decision today that would allow you to retire early in 5 years? That’s the reality you can create by investing in cryptocurrency today. And it’s not just a pipe dream — if you buy the right cryptocurrency now, your portfolio could be worth more than $1 million in just 5 years. I’ll show you exactly which cryptocurrencies to invest in and how to do it with minimal risk in my new report, Don’t Miss Out: How Investing in Cryptocurrency Can Make You a Millionaire In 5 Years.
What is cryptocurrency?
The cryptocurrency space has been growing at an incredible rate. Between 2012 and 2017, Bitcoin increased 1,187%, but other popular cryptocurrencies like Ethereum (4,467%), Ripple (9,033%), and Litecoin (1,862%) grew even faster. As you can see from these examples, investing early in a cryptocurrency can be extremely profitable; however, it’s important to note that not all cryptocurrencies are created equal and there is often no telling how valuable your investment will become. The first step to investing smartly is learning as much as possible about each cryptocurrency.
Why cryptocurrencies are hot right now
There are two main reasons why cryptocurrencies are hot right now, but they’re just manifestations of an underlying trend. First, much of it has to do with people’s distrust of financial institutions and large organizations. The 2008 financial crisis is still fresh on people’s minds and cryptocurrencies represent a way to circumvent traditional banks (or make them irrelevant). Second, and somewhat related to that point, it allows users to maintain privacy while they make transactions online. That combination of factors has led many investors to believe that cryptocurrencies are primed for explosive growth over at least the next few years. If you want to take advantage of that opportunity, there are some things you need to consider…
Is investing in cryptocurrency safe?
It’s crucial to remember that nothing is certain about investing. Your investment may lose its value over time, and it’s possible it could grow by orders of magnitude. The thing to keep in mind here is that there are no guarantees, but doing your research and diversifying investments can put you in a better position to make smarter decisions. If you plan on investing in cryptocurrency, do not invest more than you can afford to lose — and don’t believe anyone who tells you otherwise.
Where to invest
When choosing where to invest your cryptocurrency, consider whether you want to be an active trader or if you’re content with simply buying and holding. Different exchanges have different levels of liquidity and security, meaning how quickly you can sell your crypto. If you don’t want to become a crypto trader and just want to hold, then it might make sense for you to look at investments like long-term A+ stocks. It may take longer for them to rise than a few months but they’ll still shoot up exponentially by 2020.
What to do if you want to get started today
If you’re looking to buy some cryptocurrency but aren’t quite sure where to start, Coinbase is a great first stop. There are hundreds of cryptocurrencies out there, and all of them can be purchased through Coinbase, either with your fiat currency (i.e., USD) or by using your BTC, ETH or LTC. In addition to purchasing Bitcoin through an app such as GDAX, you can use it as an exchange to convert between different cryptocurrencies. Many other online exchanges provide both fiat-to-crypto conversions and crypto-to-crypto trades — one popular example is Kraken — but not all exchanges offer BTC/ETH/LTC purchases and vice versa.