Heyy guys,
I just started to invest money in crypto last month. What I invested is only famous cryptocurrencies such as bitcoin, etherum and ripple. Could someone recommand me about the websites or videos which can teach beginners how to invest in crypto? Thanks!
Best wishes
There are 2 ways to invest into BTC, or any crypto in gernal.
1. Trading
2. Mining
Trading is risky, it requires a lot of studies and the market change can wipe out all your investment overnight. Obviously we know how volatile cryptocurrencies are. Ive traded BTCs in the past and wouldnt recommend this at all.
I find mining to be a better option.
To mine BTC, you first need to purchase mining units to provide the computing power necessary, the mining units are expensive and requires specific knowledge to set up and operate. When you purchased mining units, you then need to find/rent/purchase a farm to place those machines.
You then need to set up the machines with a strong knowledge of both computer hardware and software. Running the farm will cost you a lot in the form of utility, power usage, manpower, maintenance. Mining units will be replaced after a while, thus, to be competitive, miners will have to upgrade their units constantly, this will add extra cost to the operation. Normally, I'd recommend you to partner with someone with a computer science background or electrical engineer background to work with. This will greatly reduce the learning curve for you.
I use
RRMines services. RRMine's decentralized computing power platform has a variety of products,
In addition to the 3-year long-term contract, lock-in period of 30 days, 90 days, 180 days are also available. After the end of the lock-in period, users can freely trade or renew their computing power contracts. The contracts can be transferred to other users or repurchased by platforms then users can recoup their costs for buying contracts.
A fixed investment will get you a more stable income, and you can choose to sell mined BTCs when the price is right for you. Also, you do not need to know how to set up, operate and maintain a crypto farm, they will take care of them all for you, its more of an investment instead of a technological challenge. they've a large userbase of 100,000+
Ive been using their services for the past 2 years now and hopefully saved myself from the wrath of the market destabilization and older mining techniques. If you decide to try them out you can use my referral code if you want 0R2L9