source
How great would it be if your fiat money gave you a return worth your while, rather than just pocket change? Who doesn't remember being thrilled as a child, receiving a few extra coins in your savings account, after saving all your pocket and birthday money for months, or even years? Looking back at it, it feels a bit silly, doesn't it?
Now, as an adult, it's not much different if you want to let your fiat money grow. There are a few options:
Investing money in stocks or futures, with the chance of a higher return, but also a huge amount of risk. After all: we didn't all buy Amazon stock when we should have...
Investing in gold, silver or other precious metals. But let's be honest: not everyone has the possibility to do this. If you can: that's great! If you don't have the resources, then let's explore some other options.
Investing in real estate. Here it's a bit like with precious metals: not everyone can, and after the last financial crash, we've seen many people lose a lot of money, so it's riskier than we used to believe. But of course, if you have the resources for it, there is still money to be made in real estate. At the same time, it's probably the hardest way to increase one's income.
And then there is always the old fashioned way. You could just put your money in a savings account and wait for a very long time to see it increase. These days it's not even worth it to put thousands, tens of thousands or more in a savings account at the bank in the hope for a decent interest payment.
Blogging or vlogging: you could try your hands on creating your own blog, or a vlog on YouTube for instance. However, to be truly successful in this requires hard work and dedication, and of course: time.
It's so much easier with cryptocurrency!
source
Especially now, it's much easier to invest and see your money grow with cryptocurrency. There are several ways to buy cryptocurrency with fiat. Some companies even let someone buy their Bitcoin, and sometimes ETH or other altcoins, with a credit card, making an exchange or trade even easier, and faster.
After acquiring some cryptocurrency at an exchange, there are a few ways to make a profit.
There is the good old way of day-trading. But let's be honest: this isn't for everyone. You'd have to be on top of things all the time, and it can be quite time-consuming, and at times very nerve-wracking.
Hodl: it is always possible to buy some (different) coins, place them in a wallet and just forget about them for a while. Chances are that they've increased in value after some time. This can be after a short period of time if you're lucky, but really you should see it as savings, so it usually stays put for a couple of months, or even a year to produce an increase.
Staking and Masternodes: Some coins and exchanges reward an investor when he holds their coin/token and pays them dividends. The rewards differ from coin to coin, and of course the more you hold, the better the reward will be. It's an excellent way to earn a passive income. Besides this, it is always possible that the value of your coins increases, making it an interesting way to grow your wealth.
There are many different ways evolving each day to grow your income in the crypto world. Even 'free to start' programs, like airdrops. Keeping an eye on the developments in the market is key.
Which is best?
It's hard to say what works best for each individual. What might work for me, doesn't have to be the right thing for you. It is all very personal. There is not really a 'one-size-fits-all' kind of way to increase the value of your hard-earned income. Personally, I usually use a few options to grow my income from cryptocurrency. Recently, I came across Trade.io's Liquidity Pool (LP), and it became one of my favourites, due to its ease of use and straightforwardness.
It works like this:
Trade.io is a relatively new exchange that shares it's profit 50/50 with investors who invest in their liquidity pool.
To participate in the LP, the client needs to have a minimum of 2,500 TIOx tokens (roughly $200.00) that serve as a key to enter the Liquidity Pool. This is then loaned to the pool, and the company pays a share of their profit, in the form of interest, every day.
Of course, as with any investment, there are risks involved with this kind of investment, but I believe it can be kept to a minimum due to the fact that it is possible to draw the tokens plus interest out of the pool after just one calendar day. Personally, I like this, because I am fully in control of my funds and when I want to pull out.
Conclusion
There is not one best way to increase one's wealth. The ideas I mentioned above are all possible ways to do this. Most of them carry a certain amount of risk, and it's up to the individual to make the best possible decision for the best possible outcome. You could try just one of the options, or a combination, or even all of them.
The world of cryptocurrency and blockchain is evolving at such a rate that it's hard to keep up with everything, but it also opens the door to possibilities we would have never dreamed of just a few years ago.
Now it's really up to us to find our personal road to take and make it into the road to financial freedom.
Article by @misslasvegas
Disclaimer: I am not a financial adviser, nor do I give any guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.
The Crypto route of investment is surely the easiest, but there is a small caveat to it: only when we’re in Bull Trend.
Posted using Partiko iOS
Interesting points on financial freedom and investment.
I have tried out masternodes and can say with ease - IF you are NOT tech savvy do not even bother doing it . It can take a lot of time to just crack the tech up. Not even talking about understanding the constant trial and error you would need to go through. Also from a ROI perspective you have the potential of getting high gains but also remember that you have to ( in most cases ) setup a VPS that will cost a decent amount each month to you . This is a thing you can try out and might find it to be profitable but it does take a lot of effort and time .
About 153.63$ has been spent to promote this content.
I like your post because you do not teach anyone you indicate what is the best form of investment and you indicate the very important thing that everything depends on the knowledge you have and what you want to take the risk
This post has received a 24.98 % upvote from @boomerang.
good
what up
Thanks for using @edensgarden!
You got a 51.32% upvote from @emperorofnaps courtesy of @steemium!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
@steemium purchased a 38.77% vote from @promobot on this post.
*If you disagree with the reward or content of this post you can purchase a reversal of this vote by using our curation interface http://promovotes.com
You got a 40.08% upvote from @brupvoter courtesy of @steemium!
Very helpful post for beginner traders. Thanks for this post.
True crypto is the best and fastest way to grow your money also the fastest way to lose if you invest at the wrong time. Depends on many factors but yes crypto is the way to go now.
Posted using Partiko Android
Hi. @top-exchange. We should bring this information closer to our children and in schools
Interesante, siempre es bueno poner los huevos en diferentes canastas. Diversificación de portafolio!!
Thank you for sharing. It's always good to hear other perspectives when it comes to all the various strategies around return on your investment!
Please continue to post more great content!
Las inversiones en criptomonedas es una modalidad que està invadiendo el mercado y con muy buenas perspectivas, tienes sus ventajas que la hacen interesante ante los inversores, minadores y desarrolladores, frente a las inversiones en el mercado financiero con monedas fiduciarias; entre las ventajas que podemos mencionar, serìan la no existencia de controles del gobierno, no estàn reguladas por ningùn ente como serìan los Bancos centrales y las superintendencias, sino que los mismo mineros y desarrolladores tienen el control de sus inversiones, sin ninguna limitaciòn del mercado, y por supuesto al ser un mercado descentralizado hay mayores probabilidades de mayores ganancias.
Congratulations @top-exchanges! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
<table><tr><td><span><img src="https://images.hive.blog/768x0/https://steemitimages.com/60x70/http://steemitboard.com/@top-exchanges/voted.png?201903132354" srcset="https://images.hive.blog/768x0/https://steemitimages.com/60x70/http://steemitboard.com/@top-exchanges/voted.png?201903132354 1x, https://images.hive.blog/1536x0/https://steemitimages.com/60x70/http://steemitboard.com/@top-exchanges/voted.png?201903132354 2x" /><td>You received more than 250 upvotes. Your next target is to reach 500 upvotes. <p dir="auto"><sub><em>You can view <a href="https://steemitboard.com/@top-exchanges" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">your badges on your Steem Board and compare to others on the <a href="http://steemitboard.com/ranking/index.php?name=top-exchanges" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">Steem Ranking<br /> <sub><em>If you no longer want to receive notifications, reply to this comment with the word <code>STOP <p dir="auto"><strong><span>Do not miss the last post from <a href="/@steemitboard">@steemitboard: <table><tr><td><a href="https://steemit.com/drugwars/@steemitboard/drugwars-early-adopter" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmYGN7R653u4hDFyq1hM7iuhr2bdAP1v2ApACDNtecJAZ5/image.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmYGN7R653u4hDFyq1hM7iuhr2bdAP1v2ApACDNtecJAZ5/image.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmYGN7R653u4hDFyq1hM7iuhr2bdAP1v2ApACDNtecJAZ5/image.png 2x" /><td><a href="https://steemit.com/drugwars/@steemitboard/drugwars-early-adopter" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">Are you a DrugWars early adopter? Benvenuto in famiglia! <h6><a href="https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">Vote for @Steemitboard as a witness to get one more award and increased upvotes!Your post was mentioned in the Steem Hit Parade in the following category:Congratulations @top-exchanges!
How to connect with you
Posted using Partiko Android
wow your post is full of inspiration but i was told forex is risky
Posted using Partiko Android
I agree with you. The cryptocurrencies have given us magnificent opportunities. But we must know that its a market that is constantly changing and can be a bit tedious. Sometimes in business you must take the risk to win.
Posted using Partiko Android
Yes. I get..
Posted using Partiko Android
Interesting article and replies here, but on my side, i have found a program that delivers around 2,000% from original investment. No bullshit ! It really does . That means 20 times what ever you drop in it.
Want to more: https://vortexinvestment.net/gp
la inversion es un buen crecimiento
El crecimiento en esta parte de la economía con las Crypto si sigue así acabará con los monopolios en todo el mundo.
Posted using Partiko Android
Very Informative post for beginners like me!
"There are many different ways evolving each day to grow your income in the crypto world. Even 'free to start' programs, like airdrops. Keeping an eye on the developments in the market is key."
Makes sense Im now thinking about engaging to cryptocurrency!
It's ok blogging using steemit account
You got a 48.87% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!