Hey guys,
This is my first post but since this is a permanent addition to the chain I wanted to come out swinging.
If you’re reading this it means I am wanting to let you know as my dear friend that I do not want you to be left out of one of the best kept secret of the internet: Bitcoin. You probably have been hearing about Bitcoin for a while and may think you are too late to get in. That is not the case and now is a great time to get started in this exciting space. The future you will thank you for at least spending a few minutes reading to choose an investment path that will be paying for your children’s college tuition.
I’ve realized that the easiest and most stable way to make money right now is through cryptocurrencies like Bitcoin and related investment vehicles. If you follow all of these links you will have a similar investment profile as I do in this space and we will be essentially on the same track. If you end up using any of these let me know so we could further optimize the settings and compounding choices. Hit me back if you need any help or questions I’ll try to explain as best as I can.
You can search for the following through Google but I would appreciate it if you use my affiliate links as they help monetize this content.
I have invested my own funds into these strategies and I am logging their performance. The percentages and examples are taken from actual market results and I am trying to be as clear as possible on the risk levels of these coins and platforms. Leaving value on any one website is inherently risky and you should always store the bulk of your wealth in stable and secure locations that are under your control.
Please note that you should only place funds into any high risk investment platform that you can afford to lose. I am not a financial adviser and you should consult one before making significant financial decisions.
Method 1: Low risk/low complexity: buy and hold Bitcoin (btc).
This is is simplest route and is like buying an S&P market fund with better return on investment or ROI. In the future you will have wished you had bought more btc at current prices.
It is relatively stable and should be around for the next 10 to 20 years. It is currently in a massive bull run that will likely hover around $10,000 for a while before moving up later next year.
I am very comfortable with a long term hold on this asset class as a store of value superior to the USD and competitor to physical gold. Growth pattern is aggressive and volatile but highly bullish, analysis have estimated potential $25,000 by year end 2018.
Register for an account here at Coinbase:
https://www.coinbase.com/join/58477101907f6600e5c21eccUse a credit card for instant buy or link to bank routing for 1 week hold on the funds. Credit card method will cost more in fees.
For market buys go to Gdax.com, the trading arm of Coinbase, your account credentials and funds from Coinbase will sync here. This will get you market prices and the best deal.
Place bitcoin on a software wallet: exodus.io
If you hold more than $1000 worth of coin use a hardware wallet for increase security and piece of mind. Buy one here:
https://www.ledgerwallet.com/r/44ff
Example: if you had bought $1000 worth of Bitcoin in August 2017 it would now be worth $1876 (in November 2017).
Method 2: Low risk/medium complexity: Buy a diversified alt-coin mix.
Make account at bittrex.com, move bitcoin into the market, make trades on the coins you want. I would stay in the top 10 to top 25 coins as listed by market share on coinmarketcap.com.
Send the coins from bittrex wallet into software wallets of each coin type or onto a hardware wallet if compatible.
Keep track of your coins and the physical location of the private keys associated with each wallet by using a combination of a spreadsheet software and a password managing program for keys. I use LastPass premium but the free version is fully functional. A password manager is essential for anyone getting into crypto to store both login data as well as actual private keys. Sign up at lastpass.com.
A snapshot of my currency holdings from a few months ago:
Example: bought $1000 worth of coins (eth, xrp, iota, dash, others) in Sept 2017 now worth $1375 in Nov 2017.
Method 3: Medium risk, high complexity: Automated bitcoin/alt-coin trading.
A trading bot called Gunbot has averaged 0.75% daily for about a month I’ve been testing it.
This needs a dedicated PC 24/7 or VPS setup. Also you should have a good understanding of the general alt coin market before going this route.
Base cost of 0.095 btc is for the minimal one market license. There are a lot of upgrade packages will likely add and evaluate as I reinvest its profits to the strategy.
Number of trades correlated to total earned on the alt coins tested so far:
BTC accumulated, basic settings:
Example: have locked in 18.8% ROI in 25 days on over 400 trades using BTC as the base currency. This is the most complex method because the number of strategies is high, each strategy has settings that need to be tweaked, and the choice of which coins to let the bot trade is up to you. There is a community and forum to explore this as well as the program can also link to tradingview.com to optimize technical aspects of the trading setup. The risk is medium because you must keep your money on an exchange to operate this type of bot. The risk is also that the bot malfunctions or you enter in settings that result in a overall loss in value. The graphs above do not show the initial cost of the license nor open trade balances that fluctuate with the market. For example, if one coin chosen loses 85% of its value I could lose 10-15 days worth of profits per coin failure.
If you decide to make a purchase of Gunbot let me know because I would like to discuss what trade pairs, markets, technical strategies and settings you are using. I have not been approved for an affilate account here yet but head over to their official store and send me a few btc my way if it becomes profitable for you.
https://thecryptobot.com/
Instead of running it out your own computer the ideal situation is to run it on a VPS host, which is essentially a remote desktop. Your pc will be freed for other use and you won’t have to worry about internet or power outages. I would go with Rose hosting, sign up here:
https://secure.rosehosting.com/clientarea/?affid=871
Method 4: Medium risk/low complexity: Bitconnect.
This is the most bare bones investment platform, the presentation is minimal and a lot of it seems like I am being made more skeptical on purpose. Despite my skepticism they have actually been delivering on the promises of the platform for the 62 days I’ve been testing it. The payouts are consistant and this company has been running this operation for more than a year which gives it a first and largest kind of position. They have a crytocurrency of their own that you do not actually hold if fully invested in the platform, but it is integral to the structure of operation. They have been paying me 0.91% daily on average since I joined and my conservative reinvest strategy going forward will look like this example if you invested $750, withdrew profits until you had $750 back, then reinvested from that point forward:
The x-axis show days.
They claim their profits are from a trading bot that trades the volatility of bitcoin but provide no data on that process other than the daily payout which fluctuates.
Please sign up here if you want to try the Bitconnect platform:
https://bitconnect.co/?ref=kylecox
Method 5: Medium risk/medium complexity: Chain Group.
This platform is my current favorite because it acts as an escrow between you and a variety of investment groups that you can choose from and further spread out the risk that any one investment group or strategy does not follow through on their projections. This is a nice option because Chain Group itself has no incentive to pull the plug and run with the whole operation because all of the funds are funneled through to the investment groups that trade the markets. This has some great rewards for the increased risk, looking at about 2% daily payouts.
This is a future projected example of what a 2% daily payout could do to a $1,500 initial investment if you reinvested all the profits to take maximum advantage of compounding interest:
I like the Dragon Group, X-bots, and Bitstrong within this program, I have made a bet on Cloud Top but am not funneling reinvests to it. The strongest group is Dragon but they will only accept new investments until 12/20/2017.
Sign up here if you want to invest in Chain Group. You will automatically be part of my group and we can share strategies and results through the platform:
https://chain.group/46375
Method 6: Highest risk/high complexity: Laser Online.
This site will blow you away with fully unleashed hardcore marketing including a noisy website and some of the least subtle hard selling I have come across. Right now the previous version of the investment payout structure is being renovated so the risk is especially high until after their ICO and further details on their mining operational structure. If it is around a similar structure as they have been promoting, the 12% return over 12 business days means you can earn 144% in about 16 days that with compounding can look like this:
I don’t dare project this one much further forward in time as it gets too high to be believable. My plan is to hang on to this one and try to get consistent payouts as the site seems to make the withdrawal process slow to encourage people to stay invested. The level of risk is apparent by the insane account projections, so if I can manage to get out what I put into it and have some growth potential I’ll be happy. If they indeed issue their own crytocurrency and host a market where you can trade that coin for btc things will be looking really good for this project. I’ll keep you posted. I rate the complexity as high because the platform gives you a separate credit score that fluctuates at their discretion and limits what withdrawal capabilities you have access to.
If you decide to check out Laser Online please use this link:
https://laser.online/?referrer=kylecox
Method 7: low risk, high complexity: affiliate marketing.
This is what most of these links are for and I think will prove to be the best money maker for individual contributors like myself. So thank you for reading and supporting me with your clicks.
Thanks for reading this far and if you have used any of my links I truly appreciate your support. If you gained worthwhile information and value from this and want to send me what you think my little contribution to your wealth was worth in BTC or ETH I would be truly grateful. Otherwise any votes, comments and contributions are more than welcome. With your support I can keep creating content that has some lasting value and will continue to help you secure your financial legacy.
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