First Way: Buy it, Hold it
Based on my experience as a cryptocurrency researcher & analyst, this is probably the best thing to do for ensuring you are on the safer side.
Buy Bitcoin and hold it until a pre-determined price, or if you believe in the future of bitcoin, hold indefinitely as long as you really need to use that money.
Many people who bought Bitcoin, Ethereum and other coins at an earlier stage ended up making a lot of money in the long run. Read my blog which talks about the story of guy who gave 10000 Bitcoins for buying two pizzas!
The primary reason it can help you become rich is because Buying and holding protects you from losses by discouraging active trading. Lastly, if you are totally clueless about what you are doing, this is certainly a good thing!
Image source: https://goldstockbull.com/articles/get-rich-invest-bitcoin-cryptocurrencies/
Second Way: Trade Actively
I believe you’ve been looking at the rising graphs recently and saw people making tremendous money on LTC, XRP , CND or whatever is the hot token currently, and you want to be another example of a millionaire holding tokens that has risen by 10000%.
I absolutely understand. We all want money!
But before you take any step, I would like to warn you that if you are not well aware of what you are doing, you are literally gambling. If you still want to get deeper into it, ascertain that you learn about general concepts and algorithms in trading. Despite the fact that cryptocurrencies are new, trading in itself has existence from many years and there are several resources which explain that.
Tip: Read and understand my post about Bitcoin before you start as it will encourage you to have faith in its power
Source: http://www.techcryptoguru.com/?p=515
