Although we’ve seen some big drops in the cryptocurrency market(with total cap getting shorted by almost 200 billion over 24 hours period), mining is still very profitable and doing even better than when I started. Nicehash also came back, which I personally find as one of the best Christmas gifts.
But as I’m reading and watching more and more texts and videos on the cryptocurrency topics, it’s hard not to notice how fast the market is growing, and how many opportunities there are. It kind of reminds me of WordPress from 6-7 years ago, when I first discovered it. I would go to UpWork(called “oDesk” back then), and see ~100 new WordPress jobs coming out every hour. If you knew how to install a plugin, you could earn some bucks. And the more I was learning, the more I was making.
I’m feeling kind of the same with cryptos. Mining is going really good, I’ve made a decent profit which I will soon reinvest in additional GPU. I’ve started this blog, and made ~$200 from the Kryptex affiliate system(which I didn’t even recommend, since it didn’t work well for my equipment!).
Now, one thing that makes sense when market is growing exponentially is investing in it. If I invested in the every WordPress startup back when I discovered it, I would probably be rich by now. The analogy is not quite right, as WordPress was one direction in Web Development, but we can use Ethereum for a better comparison. If you invest in every company that was built on Ethereum, you will probably be rich in few years.
Investing always comes with a risk, and no one should ever put all of his money in a single asset. Plus, cryptocurrency markets are extremely volatile. Yet, they proved extremely profitable for so many people over the last several years. And I’m not talking about daily trading. While people are certainly making money with it, I’m not for it. Tried last year with FOREX, and it’s a pretty boring, starring at the screen type stuff.
So there comes the value investing. Over the past few weeks I’ve been totally immersed into all those live conferences, podcasts and tutorials on crypto trading and investing. And while listening to all those guys, from Warren Buffet to Chris Dunn, Tai Lopez, BTCKyle and all their guests, there’s one thing that gets repeated over and over and over again- invest in value!
And value investing is one thing that apparently works really good and is fairly easy to implement- don’t invest in anything you’re not well informed about, and passionate about. Take your time learning about company team, goals, current progress and future plans. Think outside the box and pick ones that really are going to make a difference. And then wait for them to strive, instead of sitting whole day at the screen, being afraid of losing your money. And of course, you can’t always win. But if you invest in projects that really matter, chances are that you will grow substantially.
As money from mining is going to bring the new equipment and slowly grow itself, I’ve decided to take my affiliate earnings and invest them in some of the projects I really like and foresee a bright future for them. Below are my top projects to invest in: