It's the wild west out there regarding Crypto-currency, regulation and more. I find that even in the safest of circumstances I have to be adamantly watching my back for what should be simple precautions.
This year alone has seen many giants fall from Bitconnect to many other pyramid schemes trying to consolidate and take peoples hard earned livelihood. Sadly so many people are losing their foothold on the middle class that they are desperate enough to ignore their better judgement. In my case I broke even with Bitconnect and was testing it. I never recommended. it to everyone.
My goal these days are to find the solutions that have been around for a few years. There are VERY few of them. but if you can trust them, then you can build your wealth in the crypto sphere as part of your financial portfolio.
In truth, real life has been a larger danger to me than the online world as I cashed out some of my Bitcoin to Dj for a bar In real life only to have them only give me less than 10% return on investment and soon go out of business. I had around .25 of a coin at the time and had to start rebuilding. Now i'm doing much better and approaching in total the assets lost.
I will constantly plug the safest and most trusted ways to grow your Bitcoin because i'm tired of seeing people fall into the rabbit hole and get screwed. There are very lucrative ways to make a passive income in the Bitcoin and crypto sphere but not enough is known.
1.) Most scams are some unsustainable pyramid scheme.
2.)If it's giving you 1-10% a day or more it's unsustainable. Don't buy into it. Or do so at your own risk.
3.)Pyramids in an of themselves aren't necessarily bad as it's a marketing tactic. However, ten levels deep with a high percentage is a no no.
4.) Beware of any gambling even on "good" sites. Even if it's fair it is designed to take your money through the house edge. Remember, even if given the data, on the internet everything can be fabricated.
In the end of all things I've only found a few sites worth my time.
For complete beginners:
https://www.coinbase.com/join/59244cdea4636b0cd6d7d129
Buy Bitcoin on Coin Base
$0 down crypto investment and up
These two sites alone are the cream of the crop. Freebitco alone has sooo many ways to make a side Bitcoin income for you. Anything over 0.0003 BTC earns you 4.08% interest a year compounding daily. There are ways to automate it 24/7 and make dollars a week out of the gate. Along with the point system it's one of the prizes of the BTC community. I highly recommend this and it's sister site Free doge. (PS they will be expanding again soon)
The moon collection of faucets are great for those moments when you are bored and want to possibly earn more on the side. This is a family of faucets that offers Bitcoin, Litecoin, Dogecoin, and Dash. They are the next best thing. The cons of these sites are that if they go down you lose your daily bonus occasionally. These are supplemental though and only build wealth if you have a massive marketing abilities.
Minimal investment scaling $10 - and up
Invest in loans using your Bitcoin. You can in general invest as little as you want, but to automate it requires 0.1BTC. The security on this site is amazing and the vouch individually all lenders and borrowers and grade each borrower.
The Premier Forum regarding Bitcoin and the Crypto world. You can level up and eventually make money on your posts through ad campaigns. Some are fairly lucrative.
Trading:
https://www.binance.com/?ref=35124288
This is the most active form I recommend. trading is a hard skill to master, but with enough practice it is possible. Binance is one of the most trusted trading platforms that even has it's own coin as an alternative to other more sketchy trade options.
Things I'm investigating:
Mining contracts. Many are scams and fairly expensive. I'm trying to give people ways to invest for small amounts of money who have less experience in the crypto world and market. When I am done checking most fo these out, I will update this article and make more videos regarding this.
Final thoughts:
Remember, in the long run all of this effort should be part of a healthy savings plan. Don't throw everything you have into any one thing whether it be Fiat Money, Precious metals, Crypto Currency, or any number of stocks and bonds.
I will be bringing more content as the weeks go by with more opportunities. until then Stay tuned.
Feel free to join my Discord and Facebook group if you want to chat or have questions!
https://discord.gg/vjZtQH
https://www.facebook.com/Hypersonic10/
I also make videos!
https://www.youtube.com/channel/UCQEhIidHhkJqsxLkAyzpCVw
Stay cool!
Brian (Hypersonic)
(Remember this is my journey which is entertainment and not investment advice.)