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Can You Get Rich Trading Cryptocurrency?

Yes, you can get rich by trading bitcoin BTC and other cryptocurrencies. As these digital assets are inherently volatile in nature, trading cryptocurrency comes with a high degree of risk. If you are looking for a secured way of investment with a guaranteed return on investment, cryptos are not meant for you. If you are able to undertake the significantly high risks associated with cryptocurrency trading and investing, you can also expect a significantly high return from your investment. 

How to Trade Cryptocurrency to Become Rich?

If you are wondering what are the ways of trading cryptocurrency to get rich, here are the top 3 sure-shot ways and strategies of making huge money and using the compounding factor for multiplying your investment. 

Strategy #1: Make Long Term Crypto Investment

The way to riches through trading cryptocurrency is to buy crypto now and hold it for at least 5-years to let the price increase. Buy and hold crypto assets, just like the way you do in case of gold. HODLing will help the price of the crypto asset to increase in the long run, which is much more than that of any other asset known including gold and real estate. 


Let’s check the historical price of Bitcoin in the last 5-years or longer than that. At the beginning of 2014, the price of each BTC was hovering around US$850. Suppose, you bought US$1000 worth of BTC in January 2014 and held the bought bitcoin in a hard wallet till September 2021. 


By the end of September 2021, the price of each bitcoin is around US$41,500. The price has increased by around 49-folds or 4,782% in the last 7-years and 9-months. This means, your investment of US$1,000 in January 2014 would have increased to around US$49,000 by the end of September 2021. 


If you want to get rich by trading bitcoin and other cryptocurrencies including DeFi coin, you should buy them and hold them for more than 5-years. There are many cryptocurrencies available in which you can invest over longer periods of time such as Cardano ADA, Ethereum ETH, Polkadot DOT, Solana SOL, Polygon MATIC, and many more. Use your real money in fiat currency to buy these crypto and hold them in cryptocurrency wallets for a longer period of time and selling cryptocurrencies only after 5-years, 10-years, or even more. 


Only by hodling for longer periods of time, you can avoid to lose money.

Strategy #2: Dollar Cost Averaging Method of Trading and Investing

Dollar Cost Averaging or DCA strategy of investing is an investing strategy that involves buying BTC or other cryptos at a certain interval of time (say, daily/weekly/monthly/quarterly/any other interval of your choice) irrespective of the price of the asset. It is a proven method through which you can iron out the volatility risk of crypto assets and also get robust return in the long run, say, 5 years, 10 years, or even more. 


If we bought US$100 worth of BTC every week for the last 5-years, we would have bought US$26,100 worth of bitcoin by now. If we accumulated all those BTC in the last 5-years, the total value of the accumulated BTC (658,600,000.00 Satoshis) would have been US$274,416 by the end of September 2021. The ROI or the return on investment would have been 951.40%. 


If we invested the same amount of money with the DCA method to buy Gold in the last 5-years, the ROI would have been just 35%, significantly lower than that of crypto investment. 


You can use DCA method of crypto investing in different types of cryptocurrencies including ETH, DOT, SOL, MATIC, and a wide range of DeFi coins. 

Strategy #3: Staking and Lending

Staking is a process to validate cryptocurrency transactions. When you stake your crypto coins, you can’t spend them and instead you’ve to lock them up in your crypto wallet. 


The facility of staking is available only on the Proof of Stake network. These networks use your cryptocurrency to validate transactions and in return they provide you with a reward. This is a simple way through which you can make your coins grow by themselves when you are hodling them in your wallet. 


Instead of holding your coins idle, you are staking them to staking networks so that their amount increases through the addition of interest rates (paid in terms of the coins that you are staking). Therefore, you are using the compounding formula to increase your idle coin in your wallet through staking (which is a way through which you are lending your coins to staking networks for staking). 


You can also lend your cryptocurrencies to reputed crypto lending platforms or other investors to earn interest rates on the loaned cryptos. In this way, you can harness the power of compounding and make your wealth grow exponentially. 

Buy Bitcoin, Cryptocurrencies, Stocks, and Gold Now

If you are ready to invest in stocks and cryptos or buy Bitcoins through online brokerage accounts of centralized or decentralized cryptocurrency exchanges, you can do so in a legit way by investing through stock investing and cryptocurrency apps. You have to open an account with such an exchange or online broker (including trading apps and invest apps such as TD Ameritrade). Then verify your details (including basic personal information) and fund your stock or cryptocurrency trading account. 


The best thing about the Bitcoin and crypto market is that the transactions are done without the involvement of banking entities. This is one of the reasons why more and more investors (including corporates, venture capitals, and institutional investors) are heavily investing in cryptos. 


You can start depositing funds to your stock or crypto exchange account to buy company shares or cryptocurrencies. This can be done by simply connecting your online banking account (savings accounts, checking accounts, or other account types). Besides transferring fiat currency money online through bank transfer, you can make payments with other payment methods including credit cards, debit cards, and others. 


If you need further assistance, you may consider taking help from the vibrant and helpful trading communities. You can trade cryptos with credit cards (business credit cards, personal ones, or citi custom cash cards), debit cards, or other payment options through reliable crypto trading web platforms. 


You can also check the savings calculator to know how much you should save on a weekly, monthly, or yearly basis. Check the financial news to know more about the prospects of various assets so that you can build long term wealth.


In case you are bullish on the future prospects of gold, stock and ETF trading, crypto market, Bitcoin BTC, Ethereum ETH, Bitcoin Cash BCH, Litecoin LTC, Ethereum Classic ETC, Bitcoin SV, Wrap Bitcoin, and other altcoins, you can start investing in stocks, gold, Bitcoin, and other altcoins with USD. Once bought, transfer them to:

  • hot wallets (including mobile app wallets and software crypto wallets) or 
  • cold wallets (including most secure hardware wallets) 


Hold them for a longer time period to let the Bitcoin BTC price increase. Keep your cryptocurrencies safe with:

  • Ledger Nano S
  • Trezor One
  • Other Ledger and Trezor models


Crypto market investing will provide you a higher return in the long run. The ROI from crypto investment is much more than investing in:

  • Stocks
  • Mutual funds
  • Index funds
  • Real estates
  • Yield savings accounts
  • Real estate investment trusts
  • Fiat currency trading (forex trading)
  • CD rates
  • Trade Options
  • Money saving in savings accounts
  • money market returns
  • Exchange traded funds
  • IRA accounts (including Bitcoin IRA), and others. 


In fact, many retirement funds or IRA accounts such as Roth IRAs are allowing digital currency investors to purchase XRP, Bitcoin, Chainlink, and other digital assets. These retirement funds are increasing investor choice by allowing them to invest a small percentage of their money in cryptocurrencies. This is, in turn, increasing the prospects of these funds to provide their investors to get higher returns. If you are thinking about building wealth, you should include cryptos in your portfolio like other crypto investors. 


Therefore, it can be concluded that holding Bitcoin Ethereum and other cryptos can help you to build real wealth and multiply your net worth. You can learn investing basics to buy crypto currency and other digital assets to make more gains. Start going through Wall Street Journal and other investing magazines on cryptos to learn more about investing in crypto market and make better financial decisions. Learn about valuation calculation to true bitcoin value and assess the overpriced or underpriced situations instantly. 


As a beginners guide, you may also check out the trading basics provided by various cryptocurrency exchanges such as Coinbase, Binance, Kraken, and other crypto APIs. There are many brokers suitable for beginners as well. So, read reviews of customers before joining a crypto exchange. There are many brokers for beginners in the USA through which you can trade and invest extra cash and investible fund in fractional shares and stocks funds. 


You should definitely learn about:

  • Trading for beginners (Step By Step guide)
  • Types of stocks including penny stocks, value stocks, growth stocks, blue-chip stocks, etc.
  • Gold standard
  • Futures contract
  • Gold miner, gold mining company, and gold mining stocks
  • Bad debt and bad credit
  • Home equity
  • Employment tax records and receipts
  • Periods of limitations
  • How credit score is determined?
  • World gold council
  • How is the price of gold and other precious metals determined?
  • How to rent out your car to make money
  • Significance of owning gold
  • Stock plans
  • Fixed income assets
  • Stocks and Funds
  • Spot price and futures price of gold
  • Write an eBook to start making money 
  • Use spare time and personal internet connection to earn extra cash through part-time graphic design
  • Asset allocation
  • Investment gold
  • Different ways of buying and selling golds
  • How to make money from Google adsense?
  • Gold stocks
  • Utilizing market news for profit
  • Significance of Dow Jones in the stock market
  • How to increase your disposable income through balance transfers credit cards?
  • Different trade ideas
  • Warren Buffet’s investing styles
  • Passive investors
  • Different investment goals
  • Teaching as a private tutor in your free time
  • Cash Management
  • Investing for beginners
  • How to choose brokerage firms and stock exchanges?
  • Gold markets
  • Trading strategies for beginners to time your entry and exit
  • Using price actions to one’s advantages
  • Teach english to earn lot of money online and start saving
  • Browsing websites can also help you earn little extra cash
  • Margin Requirement
  • Margin Call
  • Margin Account
  • Day Trading Margin
  • Trend Trading
  • Market Maker
  • Options trades
  • Fundamental Analysis
  • Short Sell
  • Market Research
  • Success Rates Of Day Trades
  • Trading Vs Investing
  • Swing Trading
  • Time Frames Of Trading
  • Successful Ways Of Buying Stocks And Cryptos Throughout The Day
  • Risk Management
  • Financial Industry Regulatory Authority
  • Trade On Margin,
  • Foreign Exchange Trade
  • Pattern Day Traders
  • Day trading rules
  • Active trading
  • Secrets of a successful day trader
  • Stock price actions
  • How to pay off debt quickly
  • Planning for retirement 
  • IRA guide and fruitful ways of increasing returns of individual retirement accounts
  • Stock price determinants
  • Charles Schwab’s modern approach to investing and retirement
  • Day Trading Tools, trading software, and different financial tools. 


Defi tokens and NFTs (Non Fungible Tokens) are the next generations of crypto coins. These decentralized coins have started to become very popular among active traders who trade cryptocurrency. You can buy sell them through crypto trading platforms too. 


Whether you buy Ethereum ETH or buy Dogecoin, you should also invest in: 

  • Chainlink LINK
  • Litecoin LTC
  • Binance Coin
  • Cardano ADA
  • Polkadot DOT
  • Dogecoin DOGE, and 
  • Trade Litecoin LTC for better diversification of coins


To diversify your portfolio, you may also buy stocks through stock brokers for beginners and pro.


Get better guidance on improving your personal finance, retirement planning, management of cash flows or capital gains, and investment ideas from financial advisors, investment managers, and wealth managers, especially the ones who are not averse to cryptocurrencies such as Bitcoin and others. 


While day trading, you should always try to invest only that much money which you can afford to lose. When you do margin trading, be very careful. Financial protection must be there in your mind always while you make cryptocurrency trades. That’s why having a secure financial plan is so important. 


Invest money in stocks, gold, and other cryptocurrencies through centralized or decentralized exchanges and reliable online brokers. 

Choose NapBots to Increase ROI

Trading Robots (such as NapBots.com) automatically scans the market in real-time and trades for you. They run 24/7, which means that you can keep earning your passive income even when you are sleeping. This gives you an edge over other investors as it enables the bot to book profits on your behalf when other investors are sleeping.


Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement.


NapBots.com is a Trading Bot, cloud-based platform, on which you can connect to major exchanges such as Binance, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, and Bitpanda. 


The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool. Let Napbots take full control over your trades in just a few clicks. Now, sit back and enjoy earning money. 


You may also check “Napbots Review - Simple Way To Increase Your Crypto Returns” before taking the plunge.

What’s so special about NapBots?

NapBots crypto trading software is special because it comes with:

  1. A unique trading algorithm that processes market data for you 
  2. A unique crypto trading bot library so that you can create your own mix of trading strategies
  3. Autopilot mode that enables you to automate trading 24x7
  4. An easy-to-use interface so that you can copy the proven strategies of NapBots to make successful trades and make money

How to Get Started with NapBots?

NapBots is easy to start with. It involves just 3 steps:


Step #1: Connect to one of the available trust exchanges.

Step #2: Select from the unique list of performing Bots of NapBots

Step #3: Choose a plan that suits your investment style


Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you. Happy Trading!

Why Choose NapBots?

  • NapBots offers complete trading automation solutions through the use of its own tested trading strategies; offering quantitative trading strategies previously reserved for hedge funds to the public. 


  • The setup and installation process are easy. So, the non-experts can also use it. The simple and special approach of NapBots helps it provide you with excellent ROI. 


  • The team of professionals behind NapBots has extensive experience in the financial market. They have put their years of experience in place so that you can easily automate the management of your funds with no technical skills. This service can run 24/7 and work as your passive source of revenue even when you sleep.