Stacking sats? The best ways to affordably get Bitcoin in 2021
Yes, cryptocurrency still hasn’t replaced fiat money. However, it has gained a firm position in the investment market.
Bitcoin is the most reliable object for capital embeddings. Ten years of its existence has surprised many skeptics who were sure virtual coins based on blockchain have no real value. “Digital Gold” generates lots of interest among people who haven’t previously been interested in cryptocurrencies.
It’s hard to deny that the blockchain industry has limitless prospects.
Today we’re diving into some of the best opportunities of earning with Bitcoin and other cryptocurrencies in 2021.
“Buy & Hold” strategy
The “Buy & Hold” strategy is probably the best way to create passive income with digital gold. In this case, exercising patience while you wait for the perfect moment to buy and sell is key.
For example, the price of Bitcoin in 2017 grew from $974 to $20,000 in less than a year. Meaning everybody who bought Bitcoin in January 2017 and sold it in December of the same year increased their profit by an enormous 2,000% in just one year!
Such an option is also applicable to other cryptocurrencies such as Etherium, Binance, Nexo, Monero, and many alternative coins that have proven their worth in practice.
It’s the next easy and reliable approach to make money from cryptocurrency. When you use the first method, you simply score by selling your asset at a higher price. However, some cryptocurrencies have an excellent system for rewarding traders – crypto dividends!
With many different coins, traders earn simply by keeping an asset in their accounts. This way, you get paid to be a digital cash holder!
For example, the crypto project Neblio, which is considered a competitor to Etherium and NEO, offers 10% per annum. Dividends are gained by storing Nebl tokens in Neblio-Qt and/or Raspberry Pi.
Stacking is the process of storing coins in a “live” crypto wallet. Consider it a mix of the aforementioned methods.
In this case, you purchase the currency and store it until the opportunity to sell at a better price presents itself. Moreover, you get dividends from the coin for the duration of its storage in the account. Thus, double benefits.
Crypto projects that use such a system pay you to protect their network. It is the most innovative way to make serious profits from crypto with almost no effort.
Masternode hosting, Mining & Day-Trading
There are alternative routes to earn cryptocurrencies, such as Masternode hosting, Mining, and Day-Trading. Their potential is definitely worth exploring.