My intention in this blog is to provide ways to make money from Bitcoin and other altcoins. (See the Definitions page.) Several of these I have used myself to double my cryptocurrency investments in the first 4 months of 2017. I have not used all of these and will note those.
- Buy and hold Bitcoin (BTCX or XBT) while its value increases. Here’s a graph:
I believe Ethereum (ETH) and Ripple (XRP) are also good long terms holds and I hold these as of May 15.
- You can trade Bitcoin and other altcoins, buying low and selling high. As of 16 May 2017, I recommend buying Bitcoin (BTC or XBT), Ethereum (ETH) and Ripple (XRP).
Litecoin (LTC) just had a huge run-up from about $3 to $30 and is now pulling back. After it stops retreating, it may be a buy.
- I will be starting a cryptocurrency investment newsletter. So, if you are interested, use the contact form here and send me your email address.