I don’t normally write about cryptocurrency on this blog as it’s a very volatile thing and full of scammers.
However, one way to put your profits from affiliate marketing and list building to work is to invest in either Bitcoin or Ethereum.
Just buy and hold and as their prices increase, so will the value of your investment.
Only put a small amount of your disposable income into crypto, if you’re even tempted to invest – don’t bet the farm on it.
Another way to make Bitcoin and other cryptocurrencies work for you is to trade them.
This is, again, a very high-risk strategy, unless you have the right tools to swing things in your favor (i.e. you win more often than you lose on trades)
There’s a crypto investment system run by Joel Peterson that has apparently been getting very good results.
I can’t vouch for his system as I’m not a member but I do know others who are who speak highly of it.
After a recent webinar, Peterson received dozens of emails from people wondering what tool he was using to predict the price that helped him make $5,304 in profit within 24 hours.
Now he’s turned on the camera to show you exactly what he’s using:
It really is a “Game-Changer”
Imagine knowing with high probability what the price of your favorite crypto coin or token will be in the next 24 to 48 hours.
Would that make a difference in your trading?
Yesterday, Peterson released the training for this method to the member’s area.
This is just one of the strategies he and his team teach in their program.
Go watch the video above and then if you want to see what else they are doing, register for one of their workshops where they introduce their company and their strategies.
What’s discussed in the above video is just one of their strategies.
Peterson’s company teaches several strategies to have success in crypto.
Jump onto a workshop and see which one is right for you:
Peterson is also giving away $10 in Bitcoin to everyone to attends, pays attention and takes a short quiz at the end of the workshop.
If you’re already a member, I’d love to hear your personal experience with Peterson and his system.
All the best,
Gary Nugent
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Hey Gary,
Interesting take on cryptocurrency! It’s like navigating through a minefield but with some valuable advice on how to approach it cautiously. Crypto’s infamous for its rollercoaster rides, and scammers? They’re everywhere!
Investing a bit from the affiliate marketing profits into Bitcoin or Ethereum, watching them grow alongside your investment, sounds like a smart move. But, hey, definitely not the entire farm, right? That’s some sage advice.
The trading game, though, now that’s high stakes! Without the right tools, it’s like diving into the deep end blindfolded. Joel Peterson’s system sounds intriguing. I’ve heard whispers of it; apparently, it’s been making waves.
I’m curious about that webinar where he cracked $5,304 in a day. That’s some serious profit! The idea of knowing crypto prices in advance? Mind-blowing if it’s reliable.
Peterson’s workshops seem like a peek behind the curtain into a world where predictions are king. A bit skeptical, but hey, exploring doesn’t hurt, especially with the promise of learning strategies that work.
$10 in Bitcoin for attending? Well, that’s a neat incentive! Curious to hear from others who’ve ventured into this and see if it’s the real deal.
Thanks for sharing this intriguing insight, Gary. Always fascinating to explore new possibilities!
Hi Chas, I’ve been burned myself with crypto, several times, over the years. Not by investing in the top cryptos but by investing in schemes and ecosystems that promise the moon and tank.
That was my personal greed getting the better of me – the lure and appeal of quick riches outweighing my logical side. You really have to approach any kind of investing with as little emotion as possible. Being emotional leads to you make mistakes and snap judgements due to panic, especially when markets start to crash.
But as we’ve seen over the the time since 2009, when Bitcoin was launched on an unsuspecting world, there have been highs and lows in valuations but the long-term trend is for cryptos to rise in value.
I owned 10 Bitcoins at one time. I bought them when they were about $700(!). I let emotion get the better of me during one of the crashes and sold them all back around 2018. I did make some profit from the sale but at that time I thought Bitcoin was going to crash hard. I stepped away from cryptos at that point.
It’s only in the last year or so that I got back into buying cryptos but this time to buy and hold. No fancy schemes, no defi projects, no incredible new ecosystems.
If I’d followed that policy from the outset and not sold my Bitcoins, those 10 coins would be worth about $430,000 today!
And I’d probably be a crypto millionaire as well if I’d simply bought small amounts of Bitcoin regularly over time.
Well, you live and learn. And that was an expensive lesson to learn.
I wouldn’t put more than 10% of disposable income into crypto because it is so volatile. And past performance is not an indicator of future performance.
Investing is a gamble, as it is with buying stocks, but they’re much less volatile and so typically yield smaller gains.
My guess with Peterson’s $5,304 profit is that he earned that by trading a couple of tens of thousands of dollars either in a single trade or multiple trades. I’d have liked if he’s said what percentage profit he’d made with that figure because if he invested $100,000, then he profited by 5.3% whereas if he invested $10,000, he’s have earned a 53% profit, a much more impressive number.
He seems to have tuned his “Wave Bots” so that they get winning trades 65-70% of the time (if memory serves). Anything that wins more that 50% of trades means you’ll eventually profit.
I’m keen to give his system a try but I have so much on my plate at the moment that I just don’t have time. That may turn out to be yet another bad decision on my part! 🙂
Cheers,
Gary.
Hello
Interesting article on cryptocurrency and a great reference video. Should I start there as a total beginner, who wants to find a way of earning money with her savings? As my money doesn’t give me any interest at all at the moment, it is just parked there.
If so,what would be the minimum amount to start out with?
thanks!
Lizzy
Hi Lizzy, I’m not a financial adviser so take what I say for what it’s worth. Based on personal experience, I’d just buy and hold a small basket of cryptos – Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).
Use the cost averaging technique – instead of buying crypto in bulk, when you’re most exposed to price drops, buy a little regularly so that you spread your purchases over the high and low prices. If you do this continuously over years and cryptos continue to increase in value, then you’ll come out ahead.
If you want to expand into other cryptos, take a look at Solana (SOL), Avalanche (AVAX), Cardano (ADA), Gala (GALA), Render (RNDR) and Fetch.ai (FET). There are hundreds of other cryptos, some of which are scam coins, so you really need to do your research on them before you think of investing.
Just leaving your money in the bank is the worst option, even if you’re earning a small amount of interest. Inflation will eat away at your buying power over the years as it always outstrips the interest rates that banks pay.
If you just want to maintain your purchasing power, then precious metals are where to put some of your money. Gold and silver are best as they’re the most common. You can use the same cost-averaging technique to buy these over time. Don’t buy ETFs (paper gold) as these service many buyers and if there’s a market crash, people won’t be able to exchange the physical gold they thought they owned from them.
There are many precious metals brokers online and they all charge a premium on the spot (market) price of metals. If you’re in the European Union, then VAT is also charged on silver but gold is (currently) VAT free.
Storage with both cryptos and precious metals is an issue to think about. If you buy cryptos on an exchange and leave the coins there, you risk losing them if that exchange collapses and there have been a number of high-profile such collapses over the years.
As far as crypto exchanges go, I’d be a bit wary of Binance. It’s CEO resigned in November 2023 after pleading guilty to a money laundering charge in the United States. Good exchanges to look at are Kraken, KuCoin and Coinbase.
It’s safer to transfer your coins off an exchange to a local wallet on your PC or mobile device. I personally don’t have crypto wallets on my phone as I think the risk is too high of losing the phone, having it stolen or it getting damaged and becoming unusable.
So I prefer to either use a PC (I recommend AtomicWallet or Exodus wallets) or go for offline storage with a hardware wallet like a Ledger or a Trezor.
With precious metals, you also have to think about where you put them. Do you keep them at home where they could be stolen by a burglar? Even if you have a home safe, you might be “persuaded” to open it by an aggressive burglar. Or do you put into into a storage facility where you have to pay fees?
When you buy precious metals from some online brokers, they will also offer on-site or trusted-site storage. But, again, you’ll have to pay storage fees and these can be comparatively expensive. The fees are usually a percentage of what you hold in storage so you can think of them as a kind of tax or inflation.
The only company I’ve found so far that allows you to buy precious metals, sell them back at low margins and store them for free is GoldAvenue (based in Switzerland). From a security standpoint, that’s a good option but, of course, your precious metals are going to be stored in another country and you don’t have any direct or immediate access to them.
Every option is a compromise and you need to pick the one you’re most comfortable with.
All the best,
Gary