# My Conservative Approach to Crypto Investing: A Guide for Beginners
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Chapter 1: Introduction to My Crypto-Investing Strategy
For those who lack extensive knowledge, experience, and significant funds, my "conservatively careful" approach to crypto investing may be appealing.
If you are an experienced investor with a track record of success in cryptocurrency, you can skip this article. However, if you find yourself without extensive education, experience, or a large financial cushion, but you do have some time and a little spare cash, then my strategy might be just what you need.
As a widow on a fixed income, I have decided to take a leap into the world of crypto investing. My journey began back in 2017, when I first stumbled upon Bitcoin and various altcoins like Ethereum and Litecoin. It wasn't until recently that I discovered Bitcoin Cash through platforms like Read.Cash and Noise.Cash.
Initially, I couldn't invest in cryptocurrency due to a lack of steady income. To get started, I began earning Bitcoin and altcoins through free faucets. With retirement giving me ample free time and internet access, I found that while the accumulation process was slow, it did yield results. Once my meager Social Security benefits began to come in, I allocated that money toward buying and holding crypto. My ultimate objective is to leave any gains from these investments to my sons—it's the right thing to do.
Chapter 2: My Crypto-Investing Strategy
My son encouraged me to set up a Coinbase account, but I had already opened a BlockFi account. I chose BlockFi because they offered interest on crypto holdings. Unfortunately, they faced legal issues in the U.S., which affected interest-earning capabilities for American users. However, if you're outside the U.S. and BlockFi is available, I recommend it. The KYC (Know Your Customer) verification process was straightforward, and their customer service is commendable.
Although my Coinbase account is relatively new, I've made several key decisions regarding my investments.
Section 2.1: Investment Choices
BUY AND HOLD CRYPTO: I focus on cryptocurrencies I understand, specifically Bitcoin, Bitcoin Cash, and Litecoin.
BUY STABLECOINS: Coinbase's user-friendly interface enticed me to explore stablecoins, leading me to purchase USDC. This stablecoin not only offers stability but also a modest 0.15% APY—better than leaving money in a checking account.
LEARN AND EARN: Occasionally, Coinbase provides free educational content on cryptocurrency, allowing users to earn crypto by completing quizzes. It's an easy way to make about $3 in just a few minutes!
STAKE ALTCOINS: I've also staked Ethereum and Cardano, earning 3.28% APY and 2.60% APY, respectively. Coinbase provides numerous options for purchasing and earning crypto rewards.
Section 2.2: Investment Strategy
HOW MUCH MONEY TO USE: I invest in small amounts—typically $5, $10, or $25. This flexibility makes crypto investing accessible, even for those on a fixed income. You might spend that same amount on fast food, so why not invest it instead?
TAKING A RISK: While I describe myself as "conservatively careful" when it comes to investing, I recently took a significant risk. A trusted source introduced me to an investment platform that offers $300 in Bitcoin just for signing up. I created an account, and to my surprise, I received $300 in BTC as a gift. This initial investment can be used for about 30 to 40 days, after which I can withdraw the profits while the principal returns to the company. As of now, I've earned around $25, with two weeks left in my investment period.
This summarizes my conservative yet effective crypto-investing strategy. If I can navigate this process, so can you!
Chapter 3: Additional Resources for Newbies
Why I Take Earning Bitcoins Seriously
I discovered a method to earn Bitcoin while enjoying videos, alleviating my guilt about wasting time.
What to Make of Bitcoin's Ups and Downs
A beginner's overview of Bitcoin and cryptocurrency history, along with essential insights.
Spotlight on Waqar Zaka
Despite cryptocurrency bans, the opportunities remain resilient.
Investing in Altcoins for 2021
The unpredictability of life teaches valuable lessons about investing in altcoins.
Thank you for reading!
If you prefer anonymity in crypto tipping, please consider Bitcoin or Bitcoin Cash.
- BTC ~ 3FtcbLJf3Sv5s8GKYDqNZDp5JMuBPRqQzB
- BCH ~ qryftjhljvf4a4t9kt5vne2ahr2wchkcfu67je9p8a