bookmark_borderMaking Money With Dogecoin on Robinhood

Dogecoin
Dogecoin Cryto Trade

Trading Dogecoin for a profit and you can do it too

On January 15, 2020 was a very interesting day since I managed to sell my entire position with the Dogecoin Cryptocurrency, I have several reasons why I made the sale but one of them is because this investment had generated me obrt 10% return In the short term, I usually prefer to buy and hold but in this case I saw the opportunity to take profits since most Altcoins were moving up and I decided to take profits, even though I do not believe this coin will last for a long time but it is an asset that can be traded for profits in the short term.

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bookmark_borderBitcoin Absolutely Moving Up! Time To Buy Or Sell?

I have been investing heavily for the past year in Bitcoin and other Altcoins like Bitcoin Cash, Eth, Dogecoin and Litecoin, what is the reason? Here is why! Every single day I see new videos, articles and information being posted about Bitcoin and how it works, people post news every single day on Youtube about this Asset Class and why people should by or sell, as you know, I like to consider myself a value investor and I have seen for the past couple of years Bitcoin getting cheaper and cheaper, now you may ask yourself, if Bitcoin and the other Crypto’s appear to be losing value, why would you invest in them and this is why.

See, when I invest, I like to take a look a its core value and when people talk about Crypto there is a lot of passion and I see a huge future in it, even though prices appear to continue to go down and down that does not mean that this new Asset is worthless. Imagine if someone showed you a bar of Gold or Silver and the “market” put a price of $1,500 dollars for every ounce, if you knew that at some point the value of that same ounce was priced at double would not you consider buying it? I would.

When it comes to Cryptocurrencies, there is tremendous opportunity and this asset a ton of potential, people continue to talk about it, post videos about it, companies are investing millions of dollars on technology to use Blockchain and to benefit from it and in my opinion, when there is so much virtual value om something there is always the opportunity to benefit from an asset that sooner or later will recover, this is the reason why I have been investing in it.

Now, for some people it can be very intimidating or very complicated but it is actually very easy, there are many platforms out there where you can buy Bitcoin but one way that you can invest in Bitcoin very easily is by using Robinhood’s platform to buy Bitcoin, even though you are not technically buying and selling Bitcoin, you are investing in the value, same way you can invest in gold and oil without having to keep barrels in your back yard, they allow you to buy and sell at the current market prices and profit from the price movements, now as always do your own research and invest carefully since there is always risk when investing in any asset class.

As you can see in the chart above provided by Finviz, the low for this year for BTC has been in the $3,200 dollar range (over $10,000 as of  August 2019), prices are now around $7,000 dollars however if you start today, I do not consider that you are late, here is what I do when I invest in any asset class.

Bitcoin Investing Tips

1. Invest small amounts and start slowly building a position
2. Only invest amounts that you are able to lose
3. Invest with the vision of holding your asset 3, 5 or even 10 years
4. Only buy when the asset drops down 5% or 10% even if the overall price appears to be expensive
5. Do not short or buy options unless you truly know what you are doing
6. Do not invest on margin, ever

There is still a huge opportunity out there for you to invest in a digital asset class that provides plenty of upside of you are smart and discipline with your investment strategy, BTC has been priced at $20k before and if it possible for it to hit $7,000 it is realistic to see a future where it could potentially hit those amounts or even higher.

How can you invest in Bitcoin?

If you would like to learn about investing in Bitcoin and get started feel free to contact me (webmaster@investing4profits.com) and I will be happy to help you get started, it is easy and it does not take a lot of money to start.

If you have an opinion or would like to leave a comment fill out the form below.

Thanks

bookmark_borderWhat are Cryptocurriencies and how can we invest in them?

You know that in the world there is a great variety of forms of payment, usually we are used to receiving money from your employer and most of the time your money is deposited to a bank account, once you collect your money then you go to the ATM machine and you get cash, this is what people do regularly.

Now, each country has its own currency and usually you have no problem paying someone if you make a transaction in your own country, but if you have plans to pay someone in another country, then we have to convert our money to that currency and make the transaction. What is the problem with this? The charges, the reality of things is that banks make a lot of money when you transfer money to other countries, in the same way we have companies like Paypal and Western Union that allow you to transfer money to another country, the problem with this is also that they They will charge you a fee for the transaction and for oak you will convert the currency to local cost, in most cases, you will lose money.
Continue reading “What are Cryptocurriencies and how can we invest in them?”