Crypto-currencies can understandably be both enticing and confounding to novice investors, who not only see the historic growth, but also wonder how investing in digital currencies really works.
Bitcoin and most crypto-currencies are asymmetrical risk/reward opportunities, and cryptocurrency Mining remains one of the most lucrative ways to make money. If you can get into mining you'll not only save the money you spend on exchange for buying or exchanging it for other cryptocurrencies, but you will also earn more than you invest.
Here are few secrets you should know about crypto-currency mining investment
1. Understand the risks involved
Some say crypto mining investment is a gamble, that's not right! It's not an experiment, you naturally should trust the system that makes it works as Blockchain can never fail.
Volatility might be frightening, but this is the truth we want you to understand. There might be risk of losing money, but not as much as there are probabilities that you'd make several times more than you actually invested.
In 2010, a guy bought 2 Pizzas with 10,000 BTC. In coming years, we won't be surprised if someone buys 10,000 Pizzas with 2 BTC.
2. Focus on coins that have a low market capitalization
It should be noted that the price of the coin becomes a relevant factor only after considering for its total supply. The number of coins in existence times the price of those coins is the market capitalization of the token, which is the most important metric to consider. When you buy a coin, you should look at how many of them you are buying against its total market cap, as this is what will determine its scarcity, supply, and value in the long-term.
3. Don't focus on being right, make profitable decision
This is something that is sometimes overlooked by the crypto community. Many investors can get their egos involved in the decision making process and become more focused on being right than making profitable decisions.
Although being right can be comforting, finding loopholes in events will make you more money in the long run.
Diversify your capital into 10, 20, or even 100 coins and blockchain projects, with an expectation that many will fail, few will be successful, but the few that are successful could see 10-time to 1,000-time returns.
Arkonix mining offers you its mining packages in 8 major cryptocurrencies; Bitcoin, Bitcoincash, Ethereum, Litecoin, Ethereum Classic, Monero, Zcash and Dash.
5. Measure your Crypto against USD/BTC
You should care about how the other currencies stack up to Bitcoin because in the long-run, it is wise to make trades that has a net positive affect on your BTC value. However, this doesn’t always mean that you should only mine Bitcoins, but rather your objective should be to increase the underlying value of your portfolio measured in BTC. This also has been simplified on users dashboard in Arkonix Mining where users can measure the growth of their portfolio in USD.
6. Law of Accumulation still works, Think Long-term
A good amount of the profits that can be made through investing in cryptocurrencies is through the market increasing in price overall via an inflated market capitalization and lower supply.
When it comes to your crypto portfolio, it’s important to get out of the day trader mentality of making short-term profits, and see the bigger picture. Mining is all about accumulation of wealth, this long-term play will come with far less stress, emotional reactions, and a healthier bottom line.
7. Read everyday about cryptocurrencies
Do not underestimate how important it is to read as much as you can about the space of cryptocurrencies. Aim to learn something new every day. Keeping up to date with what's going on is critical, especially in such a fast-moving space of altcoins and the fluctuating value of Bitcoin. The market is moving so quickly that it reached a $100 billion market cap in under 5 months.
8. Do your own research
Let's face it. The world is denser than it was a couple of years ago. People are believing almost everything that their eyeballs fall on. That's not right. There's truth beyond all the rumors. But it needs a lot of digging. As the saying goes, "Not all that glitters is gold". Research thoroughly before you put in even a single cent.
In conclusion, success in crypto space can be predetermined by the investors access to the right information and the action that precedes. Now that you have these secrets, take advantage of the Arkonix mining prestigious offers that comes with deserving returns for your hard earned money.
- Hashpower 18 TH/S
- Mining days: 730
- Alghoritm: SHA-256
- Daily Fees: $2.79
- BCH $500 18 TH/S
- BCH $250 9 TH/S
- BCH $1000 36 TH/S
- BCH $5000 180 TH/s