How to Invest in Crypto if My Income Is Stable

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2 years ago

We all reach the point of stability at some point in our life and so the income seems to be a part of our growth after some time. And in that case we have to think of our investments wisely.

If you have unstable income then rely on online earnings from say noise or read or other sources to invest into crypto. But that's not a part of discussion right now. We are focusing on pure sources where we are trying to invest based on stable income.

So this article is about learning how to invest if your income is stable and you want to invest with future as your context. That would give you an idea and give you the right direction.

Invest into Giants - Bitcoin and Ethereum

Most of the people waste their money into the altcoins. Though altcoins are good and some of the time they can give you profit. But the market that moves is based on the giants. And most of the giants in the market are bitcoin and Ethereum.

So if you choose to invest into these two you are in much better control of your life in general. Because here the investment into these two would allow you to be financial independent. That's what you should consider too.

I have realized that other crypto which are in alt needs to be converted into the bitcoin and Ethereum if you want to save for the future. In fact I am in the process of doing the same.

Invest into Staking and staked products (decentralized)

A lot of people want hands off investment. So the bank like product in crypto is called delegation or staking. You are going to delegate your crypto resource to some other party who can offer you some returns there.

Make sure those staked products are decentralized. And some of the times that decentralization is going to add some value to your overall portfolio. I have realized that this is like stock dividend type of the investment option.

Another benefit is that you can choose how much, how long and how to do this. Where you get to control things if the source is decentralized. I feel that is a good option to look over in that context.

Invest some into stable coin

I know you could be asking me that is one of the worst advice since Luna. But hear me out. Most of the stable coins are getting the attack. I am sure that in near future they are going to make the peg strong to the USD or any other forex pair.

Some of those people who are planning on investing into the stablecoin can consider this as a long term investment. I feel that those who do they can realize how much of their investment can pay off.

If you can get the stablecoin to work for you, there is a good return for your money too. Because if you live in Asia the USD pair change would work good for you with FIAT money.

Invest into Blockchain Game and Metaverse

Blockchain games are hot right now. They can earn you good income even if you just write content about them. Metaverse tokens too can pay good dividend if invested into the right assets. but make sure to do this carefully.

Metaverse may not be for all. As you are required to have some sort of the interest into this as without interest there is not going to be any action and change for you as an investor. Like you don't know splinterlands, what's the point in investment?

I realized that investing into the blockchain game and metaverse wont be easy. Some of the people need to learn that first and then invest. That's how it works most of the time for most of the investments in crypto.