Author Topic: How to grow your bitcoin like redwoods  (Read 755 times)

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Offline TanyaShTopic starter

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How to grow your bitcoin like redwoods
« on: May 13, 2022, 08:23:20 AM »

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Financial independence isnt just about being rich, its about gaining more control over your life, having options for the future, and being free. Unfortunately, savings in the bank account depreciates with time. It fails to stand the thrust of inflation and shrinks year on year.
The whales rule the stock markets. Many ordinary people rarely make a fortune there.
Its time to find a better investment alternative than traditional assets.
Cryptocurrencies bring you an entirely new way of growing your funds. Some cryptocurrencies, such as Bitcoin, have outperformed every traditional asset in the past 10 years.

Ways to Grow your crypto

HODL (hold on for dear life)
The first way to grow your crypto is obvious. The value of cryptocurrencies is subject to market demand, which may increase over time and impact the value of your holdings. Thus, you might also grow your assets just by securely holding your crypto. It is a long-term strategy that allows you to make money most safely if you use Dollar-Cost Averaging (DCA) approach

Crypto lending
Banks use the money people store to sanction loans at some interest rates. Cryptocurrencies are decentralized, and there is no central bank that can manipulate rates of interest or rules.
In the world of cryptocurrencies, only you, the other individuals, and decentralized lending and borrowing platforms. These platforms enable you to lend directly to borrowers and earn interest on your funds.

Staking is the next big business in crypto and one of the hottest topics.
Cryptocurrencies like Bitcoin and Ether currently run on the proof-of-work model, in which miners must complete complex puzzles to validate transactions and create new coins. This process requires a huge amount of computer power. Staking is a more energy-efficient alternative to the original proof-of-work model. In this way, many cryptocurrencies verify their transactions, and it allows participants to earn rewards on their holdings.
Staking is an easy way to earn interest in your cryptocurrency holdings.

Yield farming
Yield farming is the process of using decentralized finance (DeFi) to maximize returns. Also known as liquidity farming, yield farming works by first allowing investors to stake their coins by depositing them into a lending protocol through a decentralized app, or dApp. Other investors can then borrow the coins through the dApp to use for speculation, where they try to profit off of sharp swings they anticipate in the coin's market price.
In return, investors get an interest (or APY, in crypto) as well as a token to hold in the meantime that they can also use on other platforms for a return.

Why Bitcoins? Because Bitcoin is a better fit for holding and increasing in value than other altcoins, which remain much more speculative and unpredictable. It makes Bitcoin the best crypto for first-time investors. 
Where to buy your first Bitcoins? Crypto exchange is the easiest way to buy Bitcoin. To avoid trouble, you should visit a user-friendly, time-tested crypto exchange from Switzerland

I use EvBlock. It is the crypto exchange from Switzerland


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