4 TOP reasons why crypto investing will make you richer than before
Crypto buying is an investment in itself. But investing your crypto is another HUGE opportunity in and of itself. Here are 4 top reasons why this option will make you RICHER than before.
1. Crypto allows you make profits across the globe, in real-time, 24-7. Unlike the stock market which takes a break over the weekends and public holidays, crypto does not rest. It has the true value of making your money work for you ALL the time.
2. Crypto’s staking allows you to earn yields that are way above inflation rates. The Fed will allow inflation to run hot and only come in to intervene if it is too hot. In their definition, that means 3% or more. So far, there are really good yields going for various staking options. But what if you hold Ethereum and do not have sufficient Ethereum to participate in staking since it requires 32 Ethereum for minimum entry to play the staking game? Well, use an exchange that gives you the opportunity to take part in a partial manner, where you Ethereum is pooled together with others to make the minimum cut for staking.
Of course, your yield will be proportionate to the staked amount. Zilliqa has a yield of 14% and it has a solid real-use cases and great utility with enterprises. If you apply the rule of 72, you need 5 years to double your investment. (https://www.stakingrewards.com/earn/zilliqa)
That is top notch.
3. Crypto discussions puts you in a network. Be on a search and a prowl for good forums to be a part of. But be wary of schemes that are scams. Basically, pump-and-dump schemes or those that are get-rich-quick (transfer 5 BTC to me and I will give you 10 BTC). Networking increases knowledge and knowledge when applied translates to wealth. In your networking, you will form friends or associates. There may even be additional spinoffs and other business ventures.
Remember: Relationships are the networks to life.
4. Crypto investing gives you the opportunity and space to serve others. Being rich is not just in the quantum amount you have in the crypto account. Did you know that you can participate in DeFi and your crypto is lent out? Lending is currently authorized through central money authorities like banks and legitimate lending platforms. DeFi disintermediates this in a safe way (of course, you will need to do your own due diligence and make sure that you are on the right platform and not one that is a scammed and compromised one).
DeFi loans are one of the most popular sectors of the crypto ecosystem. They allow users to lend their assets to others and, in return, earn interest on these assets. A user can quickly take a loan without disclosing its identity to a third party, thus skipping all complicated procedures and checks.
(https://blogs.airdropalert.com/6-easy-ways-to-earn-with-defi-in-2021/)
Let's talk -> What are forms of benefits do you think you will be able to accrue from crypto investing?
Yours,
Chief Editor
BBA Market Perspectives
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