Why regulating your investments is key to the crypto industry

Every year, more and more people become interested in cryptocurrencies and invest money in them. To do this with maximum benefit, you need to understand all the subtleties and pitfalls, as well as discipline your investments.

Although cryptocurrencies have been on the market for a long time, continued investment in them can be called a relatively new phenomenon. Until now, many people do not understand how digital money works, and are therefore afraid to invest in it.

For example, you can invest in a relatively “fresh” but promising coin, and the next day its value will collapse by 40% due to another joke posted by Elon Musk on Twitter.

Also, don’t forget that cryptocurrencies are currently in the “grey zone”. Formally, they are not prohibited, but the bank can refuse such a transfer, or carry out an additional check.

In fact, the e-money market is potentially the most profitable, but the probability of losing everything is also quite high.

Where to start, which cryptocurrencies to buy, where to buy them – these and many other questions are on the mind of every junior crypto investor.

There are enough successful examples of investments. Take bitcoin: in 2010, 5,000 bitcoins would barely be enough to buy a pizza with mushrooms, and today the price is already $20,000 (and last year it reached a record high of $69,000).

Immediately, it is worth noting that the main way to make money on cryptocurrency is speculation. You buy crypto when the value falls and sell on the way up – in theory it’s easy. But problems begin to emerge when trying to analyze these ups and downs.

You need to choose a relatively popular and secure cryptocurrency, such as Bitcoin. It is the most important cryptocurrency; the entire market is linked to it and has a limited release (21,000,000).

If the “casino” mode (rapid speculation) is not to your liking, then the basis of investment regulation is the accumulation of cryptocurrency. You can buy in equal monthly instalments, and allocate a certain amount from your income. When you buy cryptocurrency, you can keep it on the exchange for months or years and sell it if necessary.

To make your money work for you, a popular option is mining. However, those familiar with cryptocurrency understand that mining is a very expensive business model. The purchase of a small mining farm for bitcoin mining will take about 50-60 thousand dollars. Therefore, enterprising miners began to rent out their capacity, thereby earning commissions. This is what cloud mining looked like.

To begin with, you need to decide which company you will rent capacity from. Do your own market research, read reviews and check out the offer. Most often, you can enter into a contract: you buy X capacity for X period, pay X of funds and get an approximate X profit.

The SunMining company provides “environmental” cloud mining services – renting the capacity of the data centers for users. This is an easy way to mine cryptocurrencies without the noise of the equipment working at home and the need to spend a lot of money to buy it. This saves a lot of effort and time as you don’t have to keep track of the equipment, pay the electricity bills or take care of it – the equipment is already set up and ready to use. The first profit can be received

immediately after signing the cloud contract. Each contract differs in cost, lease period, amount of leased capacity and a referral bonus level. Payments are made in Bitcoin, making the system accessible and safe for any person.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended as investment advice.