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Crypto Currency trading is the latest rage with BitCoin and Ethereum growth reaching record highs in April/May 2017. But it’s not without it’s risks!
We’ve all read the articles; “I bought Bitcoins in 2010, and threw away my hard drive…now they’re worth MILLIONS”. The opportunity to make such phenomenal profits has passed; don’t kid yourself. But while the early bird gets the worm, CryptoCurrency is volatile – and if you are willing to take the risk, you could turn a meagre $1,000 investment into $20,000 in a matter of months.
Coin trading sites such as CoinSpot are allowing regular joes like you and I to get started in trading these currencies.
We’ve compiled the following list of crypto currencies and potential gains:
- BitCoin – low risk / low return – BitCoin has been the leader for a long time, and has the highest trading price. This means the potential returns are going to be much lower, than a less established cryptocurrency, but it is a more secure bet to make a return, even if only in the single digit percentages. Expect anywhere north of ~5% growth.
- Ethereum – medium risk / medium return – Ethereum has been around for a couple of years, and recently saw growth from a meagre $10USD/ETH to around $220USD/ETH! Ethereum has been touted as “bigger than BitCoin”, and with backing from giant corporations like BP, Microsoft and Deloitte, it seems the future is secure with Ethereum.