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The second best way to invest in cryptocurrency

All Cryptocurrencies

by COINS NEWS 175 Views

I see sometimes posts here of people "being broke" asking for investment advice for cryptocurrency investments. In that situation this is probably not yet for you.

First obvious way of safe investing in cryptocurrency, is not investing at all. The second way, I describe here.

First save for an emergency fund. Best practice is to save 6 months of expenses. This is an absolute necessity in my opinion before investing in anything.

Then with the amount above your emergency fund, start investing in stable coins like DAI or USDC with staking for 6-8%. Let that run for a while. The returns are excellent when compared to most regular bank savings returns.

After that you could use your "profit" to start investing in Bitcoin, Ethereum and the like. Slowly and steadily DCA into these "proven" cryptocurrencies, and stake them when possible.

After you have more returns you could start thinking about altcoins and staking them too. All the while you keep staking stable coins too.

I wish I grasped this before starting into cryptocurrency investments. So maybe it helps one of you here.

Slow and steady returns are extremely valuable.

submitted by /u/n1ghsthade
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