While trading can be profitable, it's not the only way to earn profits from cryptocurrency investments. New investors can also make potential profits by buying and holding cryptocurrencies. This strategy involves purchasing a cryptocurrency and holding onto it for a period of time in the hopes that its value will increase. This is a simple and popular technique that can be effective if you invest in the right project. Therefore, I believe the idea that new crypto investors can only earn from trading is a myth.

A buy-and-hold strategy can be a good approach for long-term cryptocurrency investors. This strategy involves purchasing a cryptocurrency and holding onto it for an extended period of time, typically several years or more.

Well aside the financial freedom I’ll enjoy, another strategic area I’ll talk about is Privacy and Security that got me attracted to cryptocurrency was the heightened levels of privacy and security it offers. The thing here is Unlike traditional financial systems, where personal information is required for every transaction, cryptocurrency allows for more anonymous transactions. By employing blockchain technology, cryptocurrencies ensure that transactions are secure, transparent, and immutable. This element of privacy resonates greatly with me and gives me peace of mind that my financial transactions will not be exploited or tracked.

One of the most significant benefits of using cryptocurrency is the anonymity it provides for transactions. Unlike traditional financial systems, where personal information is often required to complete transactions, cryptocurrency transactions can be anonymous or pseudonymous. This anonymity makes cryptocurrency transactions less vulnerable to identity theft and fraud, as users do not have to disclose their personal information to complete a transaction.

By leveraging blockchain technology, cryptocurrencies ensure that transactions are recorded in a secure and immutable manner, eliminating the need for trust in third parties and centralized authorities.