Top 3 ways to make HUGE PROFITS in 2018.
After the dust has settled and the bulls are returning after hibernating through ‘Crypto Winter’ (isn’t it bears that usually hibernate through winter?), it’s time to get serious about the market for the rest of the year and build a game plan. Many beginners are under the impression that they can just buy BTC or ETH, 'HODL' and become an overnight millionaire, but this is simply not the case unless you have a trust fund waiting to invest. If you want to make serious profits in this game, it's time to get smart.
3. Day Trading
When you look at a candle chart of any cryptocurrency, it doesn't take a genius to figure out that you can make serious returns if you buy at the bottom, sell at the top, then rinse and repeat ad infinitum. The inherent volatility of cryptocurrencies - the very thing that makes them flawed as a currency at the moment - makes them ideal for day trading as the constant up and down cycles can double your money during a single trade within the space of a single day.
If it really was as easy as some believe, surely day trading should be top of this list? the truth is, that unless you have years of experience or a substantial amount of time and money to invest in learning to read the market, it is VERY easy to lose more money than you gain. There are countless stories of people shorting the market and locking themselves out of gains waiting for a correction and this is easier to do than many realize. If you 'can' make money trading, then that's great and definitely better than just 'HODLing'; it's not for everyone though.
2. Bounty Campaigns
In at number 2 is bounty campaigns. Rewards for bounty campaigns vary a depend partly between how much time you put into them and partly upon how many other people are sharing the bounty pool. That being said, typical profits can be anywhere from $50 to $1,000 or more, and you can participate in multiple campaigns at the same time. There are ways in the space to make more money - especially if you have a lot of capital to begin with - but with a 100% profit margin and no risk to your money, bounty campaigns should not be overlooked. Another bonus of bounty campaigns; if you choose the right ones, that $1,000 worth of tokens at ICO could be worth a lot more than that in the future, especially if we see another altcoin run like in December/January.
1. ICOs
That brings up to number one - ICOs. ICOs are a controversial topic in some circles, partly due to the sheer amount of scams out there, and partly due to regulatory uncertainty surrounding them at the moment. That being said, if you pick the right ICO, your money can multiply exponentially. If late December and early January are signs of things to come - which I think they are - some of the hottest ICOs have historically achieved a 1000x return or more on the initial investmentduring a bull market. (Check out this ROI list).
Although bounty campaigns and ICOs are similar in that they both involve ICOs, bounties cannot guarantee you a significant holding in a coin and some of the best ICOs don't even run a campaign. This is why ICOs are my top pick for huge gains over the coming year and I will be bringing my pick of the best right here to this blog.
Thanks for reading and if you liked the post, you can follow me here or here to check out my blogs and see my ICO reviews.
Badman Crypto (Phil Stephenson)
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