A non technical way to invest in crypto

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I start my day by scheming through all my curation accounts, staking and then draining their voting power. This has been my daily routine for as long as I can remember. I just referred to the process as accumulation because that's what everybody calls it.

Throughout my journey in crypto, I've operated with the simple fact that 2 is greater than 1. So, when it comes to crypto, quantity has always been more important than quality, but not in the literal sense, please take a walk with me.

I've always treated crypto in the way that the traditional market treats shares of a company. So, in essence, I view every crypto that I hold as shares of the company behind it, whether it is a blockchain or a project on a blockchain.

This means that I'm not much of a speculator or a skilled day trader that spends time looking at technical analysis. Traders have the capacity to buy and sell random crappy coins based on market data, scalp profit and still sleep well at night.

I'm the type of person that spends time reading whitepapers, documents and ensures that I actually connect with the project. You could say that I'm more of a believer or romantic, if you may.

Whenever I decide to invest in a cryptocurrency, I'm not just buying coins, I'm buying shares of a project that I believe has potential. This means that whatever project I invest in has the capacity to create real value, and not just be a random pump and dump asset.

Compounding profit

After I find a project that interests me, the next step is to accumulate more of the coin. For me, the most important thing is to decipher a way where I could turn my crypto portfolio into sustainable income.

So, naturally, projects that have some sort of staking mechanism to earn often suit me. Extra points for platforms like Hive that combines proof of brain to staking, and I get to earn regularly from it.

Anyway, when I find out how to stack coins, the next bit is to ensure that my regular earnings from the project can offer regular income. This is the part where it is all about quantity and not quality.

I've found that volume is the most important thing with projects that add value and have longevity embedded in their design. Think of it like this, if you have shares of a productive company, you will always receive dividends, regardless of the price of the shares.

So, with crypto, for me, price is important because it determines the dollar value of dividends but it doesn't take anything away from the fact that you will still get paid.

I've found out that the fastest way to grow your stocks to the point where it turns into income is through compounding. Also, don't set lofty targets, particularly when you're considering your income on the dollar value side of things.

Alternatively, you can just earmark a certain number of coins that will be for personal expenditure. Ensure that you're also not spending everything you earn.

In summary

If you're not a skilled trader, then you should be looking at projects with the potential to solve a problem. Check their history and read what the community is saying about them before you invest.

Treat cryptocurrencies as investments, rather than gambling. Do adequate research and figure out how you can navigate the project to make profit from it.

Finally, make sure there's a current or prospective market for the asset. This way, you're sure that regardless of the situation, you have income, even though it varies with the market condition.

Contact & Support

• Discord: belemo#9593
• Twitter: https://twitter.com/belemo__
• Hive.vote page

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