For those of us who do not want to work a 9-5 job for a boss that we do not like, we are constantly looking for alternative means of income. And, the newest (and arguably, the coolest) way of getting additional money these days is through cryptocurrency. Everyone is talking about it.
How to Make Money by Investing in Cryptocurrency: Bitcoin Back in 2012
Back in 2012 (just seven years ago, yikes!), if you invested $100 in Bitcoin, you would be able to get 25 Bitcoin. At its high price last year, you could have had $20,000 for each Bitcoin. Thus, your $100 would have become $500,000 dollars in seven years. Not a bad return.
At the current price of approximately $3600 per BTC, you would now have approximately $90,000. While it is not $500,000, it is still enough money for you to quit your job and live off of it for one year.
How to Make Money by Investing in Cryptocurrency: If You Invested in 2013
Alternatively, if you invested $100 in late 2013, you might have gotten just 1 Bitcoin. In early 2013, you might have even gotten 5 Bitcoin. If you got 2.5 Bitcoin, you would have hit the $50,000 overall value when the price of a Bitcoin surged to $20,000.
So, the figures can change drastically, depending on which part of 2013 you chose to put money into BTC. Seven years down the line, you might have thought to yourself that maybe you should have invested two months sooner. But, there is no way to go back in time.
So, the way to make $50,000 by investing $100 in cryptocurrency is that if you believe the cryptocurrency market is going to surge, invest EARLY. A few months can make a big difference, depending on the price swings.
How to Make Money by Investing in Cryptocurrency: Be on the Lookout
If you believe that the cryptocurrency industry is going to make it, support something that you believe in. Most likely, if you believe in it, other people will believe in it, too. And, get in when it is early.