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10 Cryptocurrency Investment mistakes to avoid (don’t be a victim of #3)

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10 Cryptocurrency Investment mistakes to avoid

Why do you want to trade? Is it for profit or for loss? Many come to cryptocurrency platforms with the mindset of making money quickly without knowing what it takes to earn and in the end, they get disappointed and in the next turn, they want to quit. 

Mistakes they say are inevitable, but you need not fall into the trap itself but you can learn from others and avoid the deepest pit that swallows money in crypto trading. 

What then are these mistakes to avoid? 

In this article, you will be enlightened on things to run away from and wise steps to take to earn today. 

1. Putting in too much capital

Greediness is next to huge crash when it comes to trading. If you are looking to making quick money in crypto and you invest your savings or even go ahead and take a loan from the bank, I’d be honest to tell you that chances are you will lose all big time. Even when it comes to professional traders; they tend to fall victim of financial losses. 

One thing to take note of here is the fact that in your trading journey there would be losses and mistakes but it should be minimized. Never put money you are not comfortable losing. We advise you to take some information from crypto experts before going ahead to invest. 

2. Refusing to do your personal research 

Doing your own research after gathering other people’s say about a particular coin or investment platform is very crucial and vital. The internet is a marketplace where different individuals come to say different things but if you aren’t handicapped get on there and do your own research before you go into any trade. 

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News articles on cryptocurrency, YouTube, or Reddit are some places to go to research for more details to help you out and to give you an insight of what next step to take in your crypto journey to avoid those pits.

Researching personally will help you jump over these holes and you will be you did. 

3. The habit of not using stop loss

When it comes to the management of risk in cryptocurrency, falling back on the STOP LOSS tab can help and rescue you big time. This helps you to minimize your trade loss when it is going haywire. You might be so certain about a particular trade going to giving you that green light but the habit of refusing to stop loss will be the greatest mistake you’ll ever want to make in such a scenario. 

If you have never used stop loss while trading, I’d advise you to start today. It will help you big time and save you from messy trades. 

If you use Binance; watch this video below to know how to use stop loss:

4. Not having a trading plan

Having a plan and executing them will save you some bucks and dollars. Your entry and exit plans, capital to invest, and the maximum loss to take must be in place before opening a trade. If you don’t have a plan then you are on the verge of planning to fail. 

Don’t be a novice, think like an expert and map out your plans today. 

5. None use of the 2-FA Cybersecurity

The use of two-factor authentication must be the #1 on your list while starting out in any crypto platforms. Hackers and scammers are everywhere seeking for money to pick, don’t fall a victim. Hundreds of millions of dollars have been lost because a lot of people neglect or even ignore this simple mistake and in the end cause them heartache. 

crypto scam losses in 2021

Write out all your passwords, secret keys, print them, and hide in a safe place. You don’t need to have huge money in your wallet before you encrypt your data. Prevention they say is better than cure. 

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In addition, it is unwise to talk about your assets when discussing crypto investments in online forums and on social media, “A closed mouth they say is a closed destiny”. 

6. Buying at a high price and selling at a low rate

Are you looking to get wrecked? C’mon crypto is extremely volatile and with large gains comes very high risk. You mustn’t fall into this trap because there are some patterns to follow to maximize your profit and minimize loss. 

The two biggest mistakes are FOMO (Fear Of Missing Out) and FED (Fear, Uncertainty, and Doubt). The disheartening part of trading is seeing your trade heading down and sucking low to red. Keep this at the back of your mind, the last thing you want to do is sell at a loss, just to see that coin going massively up a few days or weeks later. 

In summary, there is light at the end of the tunnel. 

7. Not diversifying your portfolio

A common say has it “do not put all your eggs in a basket”, this is the same for crypto. It’s unwise to invest in one platform. It’s advisable you have your stocks on various platform should in case one begin to decrease or fall in value as you know investment on these platforms are very volatile. 

Diversify your stocks today and escape from the grip of downfall. There are about 19000 investment platforms so do your research and get into them and in the end, you’d be glad you did. 

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8. The Pump and Dump trading style

This is one of the schemes where people are being manipulated through some social media channels and in the end receive false or misleading information to trade or jump into trades. 

The traders who share this information are all out to scam people and many fall victim to it, remember the squid crypto game where the creators inflated its price and later disappeared into the thin air with about $3 million dollars. 

Pump and dump trading styles happen as a result of lack of information to crypto traders and the easiest way not to make this huge error is to do thorough research, get its white paper, and go through it. 

9. Using margin trading

This term simply means ”Borrowing money that you don’t own to trade in crypto”. This is also a two-way something. If you spot the right trade and enter your make more money and on the other end if your cards fail then get ready for a huge loss. 

Unless you have got the right spot to jump on, Do not use Margin trading. 

10. Taking revenge on trades

This came as the last on the list because humans often times don’t know how to live with loss and this can harm their trade, getting them off the top and turning them into frustrated beings. 

As a trader, beginner, or even an expert, you need to understand that loss are inevitable when it comes to trading with cryptocurrency. Never trade out of fear and loss, this will hurt you so badly In order words never be on the lookout to revenge on a trade because you lose in the previous. 

Conclusion

Nobody ever won 100% of trades, instead, do a take profit and escape that hurtful loss today. 

In summary, the way out of these mistakes is to know your crypto lingo.

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How much do cryptocurrency bloggers earn?

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How much do cryptocurrency bloggers earn?

If you are curious about a way to make cash as a cryptocurrency blogger, you are in the right place.

In this article, we’re going to talk about the diverse approaches by which you could earn an income through your writing.

We’ll begin by outlining the fundamentals of cryptocurrency and running a blog, after which we’ll circulate directly the diverse ways that you could monetize your content material. We’ll additionally offer a few suggestions for developing your target audience and creating top-quality content. So, if you are geared up to begin creating wealth as a cryptocurrency blogger, read ahead!

Table of Contents

What are cryptocurrency bloggers?

Not sure who the cryptocurrency bloggers are? They’re the people who write approximately about Bitcoin, Ethereum, and all matters cryptocurrency.

They may be specialists within the area or simply beginning out; however, one issue is certain: they may be obsessed with the topic. And as the recognition of cryptocurrencies continues to grow, so does the demand for nice content. 

So if you are contemplating beginning a cryptocurrency blog, you could guess that there may be lots of possibilities to make cash. 

Read: How much can I make as a blockchain developer?

How cryptocurrency blogs make money

Cryptocurrency bloggers can doubtlessly earn a number of dollars, depending on their level of information and the quantity of time they’re inclined to spend making money on their blog. For example, a few bloggers have mentioned earning up to $10,000 per month from their blogs. This is an outstanding figure, and it’s easily achievable with determination and hard work. However, it’s crucial to understand that this isn’t always the norm, and most cryptocurrency bloggers will now no longer make this form of cash.

The additional amount of cash a cryptocurrency blogger could make depends on the type of content they produce. For example, a few bloggers may be aware of the importance of supplying academic content, including tutorials and guides, at the same time as others may be aware of the importance of supplying information and analysis. 

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Educational content has a tendency to be more lucrative, as it may be offered at a better rate than information and analysis. Additionally, a few bloggers provide consulting offerings or create services associated with cryptocurrency, including buying and selling bots or software program tools, which can also be very profitable.

Who are the top earners within the field of cryptocurrency blogging?

So, you need to recognize how much cash you could make as a cryptocurrency blogger.

Well, it genuinely depends on who you ask. There are a few bloggers who’re creating a fortune, while others are nevertheless simply scraping by. But as a general rule, the more famous and well-respected your blog is, the more money you could assume to make.

There are some pinnacle earners within the area who are really worth mentioning. For example, David Genix from Davidgenix.com, John Biggs from TechCrunch is a writer, consultant, programmer, and former East Coast Editor. He writes especially about technology, cryptocurrency, security, gadgets, gear, wristwatches, and the internet. He is expected to have made over $500,000 from his blog in 2017. And David Seaman, who became a visitor at the Joe Rogan Experience Podcast as soon as it launched, has mentioned incomes over $100,000 in an unmarried month on his blog.

Obviously, those numbers depend on your visitors and how engaged your target market is. But if you are trying to make cash as a cryptocurrency blogger, those are the people you want to be following.

How much can a cryptocurrency blogger expect to earn?

You are probably wondering how much you might earn as a cryptocurrency blogger.

Unfortunately, there may be no clean solution to this query because it relies on a number of factors. For example, how famous your blog is, how regularly you post, and what kind of content you write will all have an effect on your earnings.

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If you need to maximize your earnings, I suggest posting often and writing engaging, beneficial content as a way to appeal to readers. You also need to recall accepting donations or promoting services in your blog.

Read: How to reduce Cryptocurrency Risks and Protect your Profits

What skills and expertise help with earning From a cryptocurrency blog?

You are probably wondering what capabilities and know-how assist with generating income from a cryptocurrency blog.

The most critical talent is manifest expertise in the cryptocurrency marketplace. This may be hard because the marketplace is continually changing; however, if you’re updated on state-of-the-art information and trends, you will be in an excellent position to provide insights and predictions that your readers will find valuable.

In addition to expertise in the marketplace, it is also critical to know how to write well. This approach is capable of expressing your thoughts truly and concisely. You do not want to be an expert writer, but being capable of expressing your thoughts in a manner that is easy for others to understand is critical.

Factors that affect cryptocurrency blog earnings

In addition to the type of content material you produce, there are numerous other elements that can have an effect on your earnings. For example, the scale of your target market is a critical factor. The larger the target market, the more potential there may be for making a living via marketing and promoting products. Additionally, the quality of the content material is likewise critical. If the content material is well-researched and engaging, it’ll entice extra readers and doubtless extra profits.

Finally, the quantity of time you’re inclined to put into your blog is likewise a chief factor. The more time you spend growing content material and selling your blog, the more likely you are to earn cash from it. Additionally, having excellent expertise in SEO (search engine optimization) allows you to grow your visibility and reach a bigger target market.

Finally, it allows for a few simple Internet improvement capabilities. This can be available on hand in relation to putting in place and dealing with your blog. Knowing how to code isn’t always necessary, but it may surely be a precious asset.

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How to build a successful cryptocurrency blog

Building a hit cryptocurrency blog takes a number of years, but it may be pretty profitable both financially and emotionally. First and foremost, you want to be a professional at the topic. You have to have an organization’s expertise in the way the generation works, in addition to the state-of-the-art information and trends within the space.

Second, you want to be an excellent writer. This is critical for any sort of blog, but it is particularly critical in the cryptocurrency world due to the fact that there is a lot of complicated jargon. You want a good way to give an explanation for complicated standards in simple English (or whatever your blog’s language is).

Third, you want to be energetic on social media. This is how you will acquire new readers and develop your target market. 

Last, but not least, you want to be patient. It takes time to construct a hit blog. But if you keep at it and roll out first-class content on a regular basis, in the end, people will become aware, and you will begin seeing results.

Conclusion

So, in case you’re contemplating beginning a cryptocurrency blog or are already in the process of doing so, it is critical to understand what you may doubtless earn from it. The correct information is that there is the ability to earn a lot, but the amount you are making will depend upon some elements, including your blog’s reach, the quality of your content, and how you are capable of monetizing your blog.

At the end of the day, cryptocurrency blogging is an excellent way to make a few extra dollars and will even grow to be a full-time profession if you’re capable of constructing a huge and consistent following. Just ensure you put in the tough work and convey tremendous content, and you also have to be to your manner to earn an excellent profit out of your blog.

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Affiliate Marketing Tutorial – How I make $8,000 per month

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Earn with affiliate marketing

So I make $8,000 dollars monthly from affiliate marketing and the best part of this is that you don’t need any money to start and literally anyone can start, This is one of the best side hustles to start especially if you want to work from home or from anywhere else in the world.

In this article, I am going to go over how you can start affiliate marketing today and I will be revealing my new updated marketing strategies that you wouldn’t definitely want to miss out.

What exactly is affiliate marketing?

Affiliate marketing is basically when you promote a brand’s product or services with a specific link that you are given and if someone clicks on your specific link and signs up you will make a commission. Honestly, it is a very simple concept that you will be learning about in this article.

Questions you might be asking?

  • How can I do Affiliate marketing if I don’t have an influencer page/platform?
  • Can I start Affiliate marketing without owning a website?
  • How much can I earn from Affiliate marketing?

If your questions fall on one or all of the above, sit back and read this article. it is definitely for you.

Some of the very first step of affiliate marketing is just basically picking a topic or niche that you want to promote. the different topics include:

  • Cooking
  • Fitness
  • Finance
  • Self-development
  • Motivation e.t.c.
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So you could literally pick anything but personally, I will pick finance since that is what I am interested in. Once you’ve picked your niche the next step is to create your social media pages and you would want to create the following:

These social media pages are going to eventually help you promote your different links. I do recommend picking a trendy username in your niche for example I could just pick Finance by David Genix, so once you are done with that the next step is to actually find links you can start promoting.

To actually find these links you are going to be using a couple of different websites, I will be giving you a step-by-step tutorial on how you can use each of these websites.

Clickbank

How to use Clickbank?

First, I will show you how to use clickbank, this is one of the best websites and it is created for beginners. Go to www.clickbank.com and just click on ‘login’, then click on ‘create an account’ after you have done that click on ‘complete my profile’, basically you are to fill in all the information and click on ‘save’.

Once you have done that click on the icon on the top left corner and click on ‘Create my account nickname’ so click on ‘create an account’ and select the account type you want to create e.g Affiliate (Promote product). Enter your account nickname e.g DavidGenix.

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The next thing you are to do is to click on the store icon on your dashboard, you will be taken to a page where you will see all the different affiliate links, so if you are on the ‘travel’ niche you can just click on it there.

There are a bunch of different things you can promote, click on anything you want to promote and you will be taken to the page where you will be asked to put your account nickname and Track ID (optional). I recommend you put something on the track ID space to let you know what you are promoting, once you’ve done that click on ‘Generate Hub links’. Now you can copy your affiliate link below.

You might be wondering how much you’ve made so far on your clickbank account, now go to your dashboard and click on the icon on the top left corner, you will be shown how much you’ve made from each link.

You can watch the video below to learn more about clickbank.

Now that I have shown you how you use clickbank, the next I will want to show you is how to use Amazon Associates.

Amazon Associates

How to use Amazon Associates?

Basically with Amazon Associates, what you are going to be doing is promoting different products on Amazon. Go to the Amazon Associates website and signup. You will need to create your account.

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Once you get to the page that requests for a website, don’t worry you don’t have to add an actual website, you can add any of your social media accounts. After adding all the information you are going to be brought to your dashboard.

If you want to get your affiliate links click on Product links and you can actually find a bunch of different products you can start promoting. You can also pick a section you want to promote e.g You can pick books and textbooks. Click on ‘get links’, then click on ‘text only’, then click on ‘short links’. When anyone purchases those items with your link you are going to earn a commission.

You might be probably wondering how much money you have made with Amazon Associates, just click on ‘Commission income statement’ and it will take you to a page where you will be able to see your commissions.

You can watch the video below to learn more about Amazon Associates.

There are so many other amazing affiliate programs like Rakuten, Honey gold, Online cooking courses and so many others you can promote to make money which we will write on the next topic in our Affiliate marketing category.

Drop a comment below if you have any question on the topic of this article.

Please kindly share this article with your friends and loved ones. Thank you.

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Affiliate Marketing

Earn $100 daily from your Whatsapp status with this secret

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Make 100 dollar on whatsapp daily

I will show you how to make $100 in a day from your whatsapp status.

I have taken my time to answer the following questions:

  • How to make money from whatsapp status views?
  • Make money on whatsapp status
  • How to make money by viewing whatsapp status?
  • Make $100 from whatsapp status
  • Earn money from whatsapp status for free

In this article we will reveal this simple trick that requires no technical skills, no following, doesn’t require you to talk to anybody. Anyone can do this.

I will show you how you can make a lot of money, let’s get started.

Requirements needed for earning from your whatsapp status

  • A phone
  • Whatsapp
  • Access to the internet

Making money on the internet is easy folks, in this article; I will show you how to make $100 every single day doing almost nothing. Just to be clear, you can only receive the money in two ways: You either need an address where somebody or the company can send a cheque to or you need a bank account.

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How to get started

Step 1 A: Clickbank

Now the first thing we are going to do is to go to a site called clickbank.com, click on the link when you are in the site you want to sign up.

Click bank front page

The next thing you would do is to go over to “Affiliate marketplace” section, after clicking on the “affiliate marketplace” you will be able to find products to promote. This is affiliate marketing. Refer to our Affiliate marketing section to learn more.

Affiliate network is a way to earn commissions without ever actually having to do any product support, owning the products, shipping anybody anything, knowing any technical skills or talking to anybody. Literally it spits out links and you send those links to people and you make money.

We are going to click on the “search” icon, there are a lots of product which we can advertise, on the right hand side of each products shows you how much money you can make everytime somebody buys that product from you. Pretty cool right? A market place which tells you how much they will be paying you.

What we will do is to go over the section called “E-business” and “E-marketing”on the left hand side, you can select there or go over to page 2. Click on any product of your choice, a page will pop up enter your account nickname and click “Generate hoplinks”. We can copy our link and start promotion.

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Step 1 B: Digistore24

Digistore24 is an affiliate network that accepts people from all over the world no matter what country you are in.

Digistore24 affiliate network

Just click on “Register now” from the top right top corner, you can sign up immediately as an affiliate.

Step 2: Bit.ly

As you can see on the image below, it is called bit.ly and it says “Short links, big results”.

bit.ly link shortener

Now what we are going to do is to scroll downwards to the place where it says “shorten your link” and we will paste our link right in there and we click the “shorten” button. Now we copy the link and we are going over to Whatsapp. This is where we will starty getting our links out and making money.

Step 3: Whatsapp

What we are going to do here is to send the link to people via messaging or status post, anybody whose phone number you have anybody whose phone number you can get, anybody you can find a way to message on Whatsapp, write them a message and message them with the shortened link we copied from bit.ly

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Using this method you can make more than $100 a day. You can make $469 in a single day.

Step 4: Adf.ly

Let me show you one extra method of how you can make money without people even purchasing from your affiliate link.

This site is called adf.ly. See image below:

Adf.ly - shrink links and get paid

You can actually get paid just if people click your links, so you literally get paid no matter if people buy or not. You might not make $500 from this but you can easily make $100 a day just by sharing this links.

You can take your affiliate link you got from bit.ly and shrink on adf.ly, now we have a new link, we can copy the link and if somebody goes to the link it shows them an ad before it takes them to the affiliate product on clickbank.

Conclusion

The methods I have shared in this article are proven methods, you can get started anytime anyday.

Share this article if you really learnt something, cheers!

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