3 Top Tips To Make Money Through Cryptocurrency Investment

The world was reeling from shock the time last year when Bitcoin prices went through the roof in one of the most remarkable market changes in recent years. The word cryptocurrency was on everyone’s lips, and investors were rushing to crypto exchange platforms to get some of the action. Whilst the price of Bitcoin may have subsided somewhat in recent months, one thing is for sure, cryptocurrencies are here to stay. If you have decided to get into this, you will know that the market can be quite volatile, and success in the market is never guaranteed. The best approach therefore is to arm yourself with as much information as possible, and we have some tips that may just make you some more profit on your crypto investments.

Using Signals

Crypto signals are a great way to help you get more bang for your buck from your investments, but it is important that you find the right one for you. In a nutshell, a crypto signal is a service whereby industry professionals will give you hints and tips on when to buy, what to buy, as well as providing information about what is happening to prices in real time. These signals generally come through vi ad messenger like Whatsapp or Telegram and assuming you do your homework and get the right service, you can use it to tighten up your investments and ultimately make more money. Some of the best crypto signals channels on Telegram have been making investors more money than before, and you could too.

Avoiding FOMO

There is little worse than focusing on one particular aspect of the market when another blows up completely, and you weren’t involved. The truth of the matter is that no matter how much noise you may hear about this, you must stick to your game plan. Many investors try to get on a winner when it is too late, or the fact that they missed out can change their overall approach, only change tact if it makes sense over a long period of time, ignore FOMO and stay on plan.

Consolidating

At least twice per year you need to review your coins, and separate those which have potential over the long term, and those which don’t. You must be decisive and cut the dead weight in order to focus on the real money makers. Regardless of how much money you have to invest or have invested, it is always a smarter move to place your capital in currencies which have a solid chance of long term improvement, rather than keeping money in high risk entities. To keep this simple, make sure that you include in your overall game plan a list of currencies in risk order, so that you can easily assess which is the ones that need to go when you consolidate.

Hopefully these tips can help you to make some additional cash in your portfolio going forward.

About the Author: Boris Dzhingarov graduated University of National and World Economy with major marketing. He writes for several sites online such as Semrush, Tweakyourbiz and Socialnomics.net. Boris is the founder of Cryptoext and MonetaryLibrary.  You can connect with Boris at  Linkedin.com and follow him on Twitter .