How to balance your bitcoin portfolio to earn profits

in #money8 years ago

TBM News Steemit Blog

When you think of bitcoins we think that is the power. but that's not the case your portfolio should be balanced in order to make money in the long term. Here are some suggestions that we suggest when you begin to balance your portfolio

bitcoin
Although bitcoin is versatile it can become a way to hedge your funds to increase your profits here are some of the ways;

Cloud mining: with a small investment you can grow liquid assets which can grow liquidity over time but the downside is yo are working against a difficulty level which you want to build your hash power constantly.

Loans: Many companies now offer btc loans to businesses in BTC companies like BTCjam, BTC pop are a few examples that you can receive and send loans with profitable returns. the only downside is that you can lose money if people default on the loan be careful and check the investors credentials and backing when placing a investment.

Crypto markets: Crypto markets offers a vast opportunities for long term and short term investing. Like any investment do your research first before investing. White papers, news articles on the coin can be helpful when making a decision. When deciding to make the decision be the dairy farmer not the rancher Which means work to build the investment for greater returns.

Faucets: Although they offer little returns for a beginner you can build digital currency to begin your digital portfolio. The downside is that they are in effective can shutdown and are subject to bot attacks

Sort:  

Crypto Lending for Marginal Traders has been the best was to earn passive income for me. Poloniex being my favorite.
Loans and Cloud Mining are long term commitments with high risk that I rather stay away from.
Faucets are a waist of time IMHO

Congratulations @tbmnews! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Keep up the great work @tbmnews
Upvoted

Hi! This post has a Flesch-Kincaid grade level of 10.1 and reading ease of 67%. This puts the writing level on par with Michael Crichton and Mitt Romney.