The pandemic has changed the rules of the game, not only for business, but in fact, has affected everyone. The words quarantine and remote work have become commonplace in our everyday life. Those companies that could not switch to remote operation suffered losses or were completely liquidated.
Most areas are still in decline. The majority of the population is forced to stay at home due to strict quarantine measures. And despite social assistance, many are suffering losses, or even on the verge of bankruptcy.
What if you are forced to stay at home, your money is running out, and the quarantine measures are not over yet? There is a way out! We present you 6 ways to make money on cryptocurrency without leaving your home!
Method 1 - HODL!
More than ten years have passed since Satoshi Nakamoto invented Bitcoin, which remains to this day the first and most popular cryptocurrency. Relatively recently - in the spring of 2021, the cost of one bitcoin exceeded $ 63,000, and despite the current pullback to the $ 38,000 mark, many experts predict an increase in the value of BTC in the long term.
We do not urge you to take the experts' word for it, but ask you to look into the past - in May 2015, the average price for 1 BTC was $ 240. More than 200 times the price increase in 7 years! A similar story has become the basis of one of the most popular strategies for making money based on cryptocurrency - HODL. The name, derived from the paraphrased English verb “hold”, means that having bought bitcoin, do not sell it, because its value will grow steadily.
Such a strategy may also be justified for ether - the second currency after bitcoin in value, which increased in price in 1 year from $ 130 to $ 4000.
However, the cost of these cryptocurrencies is already very high and no one can guarantee that after you acquire the coveted asset, it will not begin to lose value.
It would be nice to go to 2011 and buy bitcoin….
Method 2 - looking for a promising asset!
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Whatever type of earnings you choose - remember that the choice is yours and only you decide what is right and what is not. But don't forget about the risks. I can say one thing for sure - contests are the most profitable way to make a profit, because by participating in it, in addition to remuneration, you also improve your skills, which will probably come in handy after the end of the pandemic era!