Cryptotips George Shnurenko

5 Ways to Earn Passive Income with Cryptocurrency

💡 Cryptotips
Earning passive income via cryptocurrency can be exciting if done right- but be cautious
5 Ways to Earn Passive Income with Cryptocurrency

The following article and information provided in it shouldn’t be taken as an investment advice. Remember, you’re doing investment into cryptocurrencies always at your own risk.

Some individuals who earn fat salaries are gawked at when they express the fact that they’re seeking new investment opportunities. But for some investors, earning cryptocurrency passive income is quickly becoming a preferred method of making money.

How difficult is passive income with cryptocurrency?

Earning money online, normally, is a chore. Think of Forex, freelancing and creating content on the Internet. These are seen as extremely difficult means of earning money and people frown against it. Also, going into passive income from cryptocurrency, many are dissuaded when they think of the numerous scams people have experienced.

One popular means of passive income cryptocurrency investment is day-trading. Even though this is a very viable means of earning money, there are several other available methods. We shall attempt to study 5 different approaches.

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1. Initial Coin Offering investment

ICOs have been touted as the best means of crowdfunding and this has caused several founders to breathe a sigh of relief. An ICO is a popular means of generating events or driving token sales. Can cryptocurrency be a passive income source? Yes. In fact, if you find a perspective project to invest in, you will be happy you made the right decision.

Although it is not easy to spot the right cryptocurrency investment opportunity, with assiduous study and the right consultations, you may come out on top. Here are few things you should consider when trying to elicit passive income from cryptocurrency via ICO.

  • How feasible is the project for large-scale projects?

  • How competent is the team? Are they experienced?

  • Will the government’s regulation affect the success of the ICO?

  • Are there obvious technical barriers to the adoption of the project?

  • Have you calculated the token economics?

2. Running master nodes- the best passive income cryptocurrency investment

A master node is a server in a decentralized network which is required to meet with certain prerequisites in order to effect transactions on the network. For each transaction completed, there are rewards offered and it has been observed that master nodes have an extremely high return on investment when compared to mining cryptocurrency or proof of stake algorithms. The amount of money available to earn makes it one of the best passive income cryptocurrency investment.

What are some of the most popular passive cryptocurrency income sources via master nodes?

  • Dash

Dash is one of the cryptocurrencies that many people invest in at the moment, although it is also one of the most expensive to invest in. You need about $400,000 to start investing in it. The ROI is between seven percent and 14 percent.

  • VeChain

VeChain provides a means of tracking the supply chain on the blockchain network and the products that can be tracked range from agricultural produce to luxury goods. This increases the complexity of a master node in a VeChain network. Between 10k are 250k are usually made available.

  • PIVX

PIVX, unlike DASH, makes use of a Proof-of-Stake which depends on the validator’s economic stake in the network. Running a master node to earn passive income with cryptocurrency makes you eligible to earn even more rewards. You need about 10,000 PIVX to start.

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3. Holding cryptocurrency to earn passive income

This is one of the easiest ways to earn considerable Bitcoin passive income. For one, it is not difficult to buy. In addition to this, it is relatively easy to store and secure your cryptocurrency with the large number of available wallets. However, apart from passive income with Bitcoin, what are the other currencies popular with investors?

We have Ethereum, Monero, Ripple, Komodo, Litecoin, LISK, etc. You can learn more about how to identify coins with potential and the questions to consider before joining ICOs also apply. Holding coins is only recommended when you are in need of Bitcoin passive income and you are ready to exercise patience.

4. Cryptocurrency trading

In the process of trading, you buy at a time when the currency is at a considerably low price and then sell when you observe an increase in the price. If you are an expert at analysis and statistical projections, you can get information from the news and then buy/sell when you reach your target price.

At the moment, when you consider Bitcoin passive income, it might not sound so appealing. At the time of this publication, Bitcoin is trading at around $7,500. This means that if you invest in one BTC, you will be hoping for a dramatic surge in order to enjoy the real privilege of Bitcoin passive income.

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5. Cryptocurrency mining

Finally, this is one more passive income cryptocurrency investment. You install rigs to solve computational problems which then authenticate transactions to the blockchain network. It is always advisable to research the investment before going into it. For example, the cost of electricity, cooling, processors, etc. can be exorbitant and this discourages people from getting into cryptocurrency mining.

However, you can choose to invest a certain amount with several other crypto enthusiasts in the hopes of setting up a mining rig. Also, cloud mining services are available to make you earn money and then claim the revenue generated. However, you should be careful so as not to fall prey to some of the numerous scams.

Think carefully

We have presented several options to you, it’s now a matter of choosing what you want. Going into cryptocurrency passive income sphere is one decision to ponder on carefully and it cannot be done cursorily. You should carry out your own research to determine which you’ll go for. When you get into it, it is not easy to get out. However, your choice may set you on the path to making money while you sleep.

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Risk Management, Trading Psychology As Key Factors For Crypto Trading Success

💡 Cryptotips
Money, risk management and trading psychology: factors helping traders to become successful
Risk Management, Trading Psychology As Key Factors For Crypto Trading Success

When you hear somewhere that your trading success depends on a good strategy or luck, it is not true. The key factors of long-term profit in cryptocurrency trading are money and risk management as well as trading psychology.

Most newcomers try to avoid those subjects first thinking that will learn some strategies and use them carefully in order to reach their goals. However, they start to lose money and the more they waste, the closer is the moment they open such articles as this one looking for answers to their numerous questions.

We have gathered here the most important key aspect that help professional traders to succeed. First, we are going to cover money and risk management and give you several recommendations on how to use them in practice.

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Money and risk management

The importance of those aspect is hard to overestimate as they play an important role in trading in general. There is no a single professional trader who skip money and risk management in his or her daily trading routine. Let’s see some useful advice:

Do not overheat your trading account

This is one of the main rules of money and risk management. There are several ways to overheat your trading account including overtrading, breaking money management rules and the others. What does it mean “to overtrade”?

Most beginner traders and investors think that the more orders they place, the more money they will earn. This sounds obvious, but in practice, the more you trade, the more risks you take as you have less money in reserve.

What is an average number of trades per day? There is no answer to this question as everything is individual and depends on many factors including the number of trading opportunities, initial funds, trader’s mental and physical state and the others.

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Many beginners think that they always have to “stay in market” in order to take advantage of every crack. However, this is the best way to overheat your account by overtrading. There is no need to place a trade just in order to be in market all the time.

The best crypto strategy for every trader is to find entry points before placing orders and use them in order to gain profit and not vice versa.

Determine your risk levels

When you trade cryptocurrencies, you need to determine your risk levels for every single order meaning you will close your positions manually or automatically once this point is reached. How does this work in practice?

Let’s say, you have $10,000 on your trading account and determine risk at five percent level. You buy a certain number of cryptocurrency for $1,000 but your forecast was wrong and the price went downwards. Your risk level is $50 meaning you can not lose more than this amount in a single trade.

Why is it necessary to determine risks per every position? This is useful not only for your money and risk management strategy but also for your mental state as you are prepared to lose this amount already. However, when you fail to close your position at this level, your losses will grow leading to all your negative emotions to take control over you.

Use stops, limit orders carefully

Most novice traders when they first start their cryptocurrency trading try to use all types of orders thinking that they can improve their results by placing market or limit positions. This approach is right and helpful but only when they understand what they are doing and what targets do they have.

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Limit orders are useful only when you have conducted your analysis and found out that the price of the asset will reach a certain level before going into the forecasted direction. Otherwise it makes no sense to wait. Sometimes it is better to use simple market orders when you suppose that the price will start to grow from current level or somewhere close to it.

As for stops, they are also helpful as they are part of risk management strategy. However, before placing such an order, you need to calculate your potential risks carefully. You can also use trailing stops in order to automate your risk management strategy.

Calculate your risk/reward ratio

This is an important rule for both traders and investors. Risk/reward ratio should be at least 1:2. If less, you won’t be able to increase your funds in the long term using simple trading strategies with 50/50 profit/loss ratio.

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What does it mean to calculate risk and reward? Let’s see an example. A trader wants to buy one Bitcoin for $7,000. He is ready to lose $300 in this position (which is equal to 1 risk unit). When using such risk amount, he is to plan $600 profit in order to follow his 1:2 risk/reward ratio strategy.

Those are the main recommendation related to risk and money management. Now it is time to get down to trading psychology.

Trader’s emotions that can ruin any trading system

Professional traders know that emotions in investing are the worst enemies capable of ruining their funds quickly. This is why they always need to control them and to be self-disciplined in order to become successful.

Kill your greed before it kills your money

Trading seems to be like gambling for novice traders. They think that their routine consists of placing orders and winning money. However, there is a big difference between trader and gambler as first is guided by his trading system and the second by greed.

What is greed and why should investors control it? This is a small animal, sleeping inside of most of us. However, once we sit down to play cards, roulette or trading, this animal awakes asking for food. It tells you to increase your per trade amount, forget about your system, do not close your positions at stop loss levels etc.

Greed is a good quality for casino holders only as they make money on gamblers. The more player bids, the more he will potentially lose. However, for traders greed is something that may kill all their efforts.

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Let’s say you have earned $10,000 by trading for nearly half a year. It was not the easiest period as you had to be self-disciplined, to follow your strategy, to manage risks and money. This is your first positive result.

Greed isn’t sleeping now and it makes you make mistakes by increasing your per trade volume, holding trades to take more profits and many other things that are contrary to your trading system.

Control your fears

Another bad emotion that may affect your results negatively is fear. It shows up after one or several losing positions. In contrast to greed, fear is unable to ruin your fortune, but it prevents you from making money when trading.

Why should you control all your trading fears? First, they make it difficult for you to take reasonable decisions. Affected by fears, traders sometimes miss evident opportunities to open position. In other cases, fears paralyze investors meaning speculators are afraid to make any decision at all.

However, this is not the end of the list. Fears affect your trading even when the position is in play already. Influenced by this emotion, traders try to close their positions as quickly as possible, gaining less than they could make by holding trades for a longer period.

How to control emotions in trading

There are several ways to do it as well as several tools to use in order to smooth the influence of emotion to trading. The first thing that is to be mentioned is self-discipline. Most beginners will say that they are enough disciplined in their everyday life. However, those words are far from being true.

Self-disciplined traders follow their trading plan, trading system, 24/7, 365 days per year for their lifetime. Otherwise, they lose. Is it easy to be self-disciplined all the time? Naturally, it is not! Even professionals may step out their way and break their own rules. However, they do understand why they commit such a mistake and try to follow their strategies in future.

What are the main tools that help traders to control their mindset? They are the following:

  1. Trading plan. Here you can describe all your trading tools including indicators that you use or even your strategy. Trading plans may also include your notes on this or that trading situation.

  2. Money management system. You need to calculate it in advance in order to not wasting your time for this when trading.

  3. Risk management. Once described in your trading plan, this aspect should be applied for your every trade.

Stay patient when trading

Patience is one of the key factors for traders to succeed. You need to be patient not only when waiting for an opportunity to open positions, but also after your trade is already in the game. Why is this aspect necessary?

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Let’s suppose you monitor BTC/USD looking for better price position in order to place an order. Most beginner traders hurry up to enter the market and do this even if there is no clear opportunity. Professionals are patient as they wait for the price to meet their trading strategy conditions before placing an order. What are those conditions? They may be the following:

  1. The price reached the resistance (or support) are and reversed. This is a signal that the price is able to move in the opposite direction in the nearest future. Beginner traders sometimes place orders when the price is close to those levels without knowing whether quotes will break out the area or reverse.

  2. Candlestick pattern (hammer, e.g.) appeared. Professional traders always wait until this bar closes as they need to know for sure that there is a hammer there. Newcomers sometimes open trades even if the bar is in progress. This is a big mistake as the situation may change by the end of the period of candlestick formation.

  3. RSI curve jumped into oversold or overbought area. This is not a signal as many beginners think. This is just an alert to prepare for trading. The signal appears when the curve leaves oversold or overbought areas.

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Those are not all the conditions, but just a couple of them. Newcomers make mistakes after they have opened positions as well. The biggest one is that they are impatient to hold their trades in order to let them bring more profit.

Some recommendations

Trading psychology is one of the most important section of your training. Once you understand yourself and learn how to control your emotions, you may have better results. We are going to give a couple of recommendations.

Trading is a long voyage

The majority of newcomers dream about millions and even billions of dollars the next day. They think that one year of investing may change their life forever. However, this is not true. Trading is a long voyage, which lasts for a lifetime.

Instead of dreaming about cars, girls, cocktails on the seashore, villas trader is better to set targets to himself or herself to reach in one month, six months, one year etc.

Stay fit

What is the connection between fitness and trading? An investor who places his orders a couple of times per day needs to be fit. Mentally exhausted or tired traders have fewer chances to make money in this industry.

Try to work when you are “fresh” meaning you need a clear head in order to make better market decisions. Exhausted traders have less chances to succeed as they make more mistakes during all trading stages including analysis, entry point finding, stop loss calculations etc.

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CryptoTips: What To Do During a Fork

💡 Cryptotips
A lot can happen during a fork. These three CryptoTips will prepare you for a fork in a Blockchain network.
CryptoTips: What To Do During a Fork

Forks can be confusing, both on a Blockchain network and on a dinner table (I guess?). A fork occurs when a digital currency community is split into two factions. One faction wants to change the rules of how the asset operates on the network, the other faction believes that the digital asset should just stick to its core developers’ plans. A lot can happen during a fork — it’s possible for you to increase your wealth from the newly forked coin, and it’s possible for you to lose wealth through replay attacks. Here are four CryptoTips that will prepare you for a fork in a Blockchain network.

Cryptotip #1: You could have access to more money through the forked coin

What happens during a fork is that there is one group of people within the coin’s community that want things to be run in a way that a second group of people in the community believe is drastically different than the original Blockchain and its planned progressions. The disagreement among these factions may cause enough developers supporting the “drastically different” faction to create a new Blockchain network that abides by a different set of rules — the rules that are in their opinion more appropriate than the set of rules on the original Blockchain network. Because a new Blockchain will be splitting off from the original Blockchain, the new Blockchain copies all of the data from the original Blockchain up until the block height that the fork occurs. This means that if you have 15 coins on the original chain at the time the fork occurs, you will have 15 of the newly forked tokens on the Blockchain that forked off of the original chain — let's call it Blockchain 2.

Cryptotip #2: Always take your tokens offline

When there is an upcoming fork in a Blockchain network, there is sometimes controversy regarding which Blockchain will be the “true” chain for the coin. People often refer to the “true” coin as the digital asset that is on the Blockchain network with the most support. However, it could take a few days before it becomes clear which chain has more support. That is why it is best to put your tokens into cold storage during a fork. A cold storage wallet is a wallet that is not connected to the internet at all times and you own the private keys to the wallet. When you own your private keys, you can be confident that your money is safe. If your tokens are on an exchange’s wallet, it could be possible that the exchange will not support the new token for trading. However, the exchange could reap the benefits of your new forked tokens that were created as mentioned in Cryptotip #1, and trade them themselves on an exchange that does support the forked token.

Cryptotip #3: Beware of replay attacks!

Be cautious of forks that do not incorporate replay protection. A replay attack is when a cryptocurrency transaction is valid across both the original Blockchain and the new Blockchain that has forked off of the original chain. If Alice sends Bob 10 forked coins on Blockchain 2, and there is no replay protection, it is possible for an individual to broadcast that same transaction on the original Blockchain. So instead of Alice only sending Bob 10 forked coins on Blockchain 2, a replay attack will cause Alice to send Bob 10 forked coins on Blockchain 2 and 10 original coins on the original Blockchain. Alice would be sending Bob 20 coins total instead of 10 if a replay attack occurs.

Cryptotip #4: Wait a few days before transacting

Because it is possible that a replay attack could occur, it is often advised that individuals wait a few days before transacting on either the original Blockchain or the forked Blockchain to avoid technical issues and replay attacks.

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Bitcoin Bots: How to Get Robot Traders to Grow Your Gains

💡 Cryptotips
How do you get bots to trade Bitcoin for you 24/7?
Bitcoin Bots: How to Get Robot Traders to Grow Your Gains

Disclaimer: The contents of this article are not financial advice and you should do your own research before investing. This article is for informational purposes only and does not reflect any position of the author nor CryptoComes.

The cryptocurrency market is one that never sleeps. Nor will it be merciful to the sleeping trader: a lot can happen in eight, long hours of sleep. To help traders cope with a 365/24/7 market, one may employ a cryptocurrency trading bot. What can a crypto bot do? It can make more calculated trades based off of data and algorithms better than a person could, and it works tirelessly to ensure it makes its owner as much money as it can.

Bitcoin bot trades, buys and sells

Crypto trading bots are programs that talk to exchanges and make trades on your behalf. For example, there is a Poloniex trading bot that will work with that exchange to execute trades that work in your favor. Bitcoin trading bots make informed decisions by watching the market’s price movements and reacting according to a set of predefined rules and user-set parameters.

Best Bitcoin trading bots

Remember, that crypto trading is still in its wild, wild west phase and there are others out there with ill intent to take your hard-earned cash or hack your system, be wary of false bots. Here is a helpful list of some reliable and credible automated Bitcoin trading robots.

1.Gekko- Free Bitcoin trading bot that works on Bitfinex, Poloniex and Bitstamp. It does not execute arbitrage trades across exchanges.

2.Haasbot- Makes trades on Poloniex, Bitfinex, BTCC, GDAX, Huobi, Kraken and Gemini. The automated Bitcoin trading bot also trades other altcoins on these exchanges. It costs .32 BTC every three months.

3.Zenbot- Trades with artificial intelligence that can trade across exchanges and make arbitrage trades. the software can perform multiple cryptocurrency trades simultaneously and it can

4.Crypto Trader- Is a cloud-based trading bot that has a unique feature that allows users to trade their trading strategies with each other. It is supported by Coinbase, BITe and Bitstamp.

5. BTC Robot- Is one of the early crypto trading bots on the market. For $149 per month, it will allow investors to trade. However, it is a bit more advanced and some users might not understand some features and end up taking big losses. It comes with a 60-day-money-back trial.

6. USI Tech- This crypto bot isn’t really a bot but rather a FOREX trader that offers a Bitcoin exchange. While it does not offer its users direct control, it guarantees them daily profit from the trades. Customers choose a preferred Bitcoin investment plan which then earns them 1 percent of their capital, daily. Strange, because how can you profit every day?

7. Gunbot- Gunbot executes up to 6-precoded-professional-trading strategies automatically. It will buy and sell coins following the trading strategy the user chooses. One unique feature is that it will suspend trading automatically during times of market volatility.

8. Margin- is a newer bot that currently only has support from Bittrex, Bitstamp, Bitfinex, Poloniex, OKCoin and Huobi. It uses only two strategies: Ping pong and margin maker. It has lower costs than others, depending on the balance of your portfolio.

9. Bitconnect- is not a bot but rather a lending service, where users lend their capital to the system and then get a 1 percent guaranteed return

10. CATBot- Is a newer crypto bot that can have wide support of most exchanges and many coins. It uses a ping-pong strategy to make the most of your investment and has a crash escape plan should the market tank, the user can set an exit stop-loss limit where all coins are sold.

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History of Automated Bitcoin Trading

Joseph Lee was one of the first Bitcoin bot traders, who pioneered and implemented trading bot technology. In a novel move, he basically bought all of his Bitcoins on tertiary markets and then resold them on other markets and thus created a market where there wasn’t any in the first place.

He thought outside the box and created his own market trends and capitalized from them. This was back between 2011 and 2013 when so much of what we have to in the crypto world was not around and many people were not yet aware. So it would be easy to cause mass fluctuations in the market when trading volume was much lower than it is today.

In these early days of trading cryptocurrencies, Lee saw an opportunity to arbitrage across brokers using Bitcoin arbitrage bots. His BTC bots were responsible for shifting up to 10 percent of the entire market volume during early growth stages. This was a massive injection of liquidity into the markets.

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Ready to hire a crypto bot to invest for you? Keep these thoughts in mind

Trading bots can help investors, traders and even newcomers to ensure that they are always interacting with the market, even when they are physically unable to do so- if you happen to work or sleep it’s hard to be linked to the market at all times.

Cryptocurrency bots can help by removing some of the stress and emotional highs and lows that are often found in any financial trading. However, trading bots are not for everyone. Here are a few things to keep in mind before getting started with a crypto bot.

  • Casual investors may not be the prime target of trading bots; however, it could still be an interesting investment strategy.

  • If your intention is to buy and hold Bitcoin, then a Bitcoin day trading bot is probably not the correct investment.

  • If you are not a programmer or familiar with the creation of financial strategies, trading bots may also not be for you.

  • If you have the knowledge and ability to overcome these aforementioned challenges, then a trading bot may be a worthwhile tool to monitor and increase gains from the cryptocurrency market.

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🕵️‍ ICO Watch Eric Eissler

ICO Marketing Guide - How To Run A Successful ICO

👁 ICO Watch
Planning an ICO just isn’t about the launch, it’s about branding and building trust
ICO Marketing Guide - How To Run A Successful ICO

Initial Coin Offerings (ICOs) were one of the hottest topics of 2017, as crypto literally exploded onto the mainstream with increasingly more media outlets covering ICOs and companies which were offering Blockchain-based services and token sales. Looking back, more than $5.6 bln was raised via ICOs in 2017, and in the first two months of 2018, there were some 50 ICOs which successfully raised more than $1 bln. This year proves to be another important year for ICOs despite some of the advertising bans in place by Facebook and Google.

Due to lack of regulation, many scammers and fraudsters have been able to manipulate ICOs to steal money from honest investors. Many of these fraud stories have been appearing in headlines and in the news. Furthermore, they have been a point of negative leverage for individuals who are against crypto and want to see it disappear. While that is not the case, crypto is here to stay, these individuals have been able to leverage this “bad press” to cut off advertising channels that had served ICOs, namely Facebook and Google. With more advertising avenues closing and the general bad press against ICOs, some are asking what the best way is to market a legitimate ICO.

The hot bath principle

Not every ICO is a success. In 2017, the 10 largest ICOs accounted for more than 25 percent of the money raised and only 48 percent of ICOs were considered successful. Competition is steep, with more than 1,500 cryptocurrencies in circulation.

Some ICOs are hot and they raise massive capital investments, but then something happens internally, or they took a wrong turn with their product or most importantly marketing approach. Then,  just like that, someone poured a bucket of ice into the hot bath water. Now that ICO is just not so hot anymore, and potential investors have their sights set elsewhere. Your ICO is over and so is the company.

The difference between success and failure in an ICO is, more often than not, in the marketing. Planning a strategy to market your ICO project from day one is absolutely essential, probably more important than the actual product itself. Remember, your product may change, but the perception of your team and your project rarely survives a bad first impression.

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Tips to market your ICO

  • Search Engine Optimization (SEO)

  • Media outreach and public relations

  • Press releases

  • Well-written articles

  • Coin listings

Marketing your ICO

Marketing your ICO does not have to be a nightmare, it can be just like marketing so many other companies and products, just with a few key differences. The cornerstone of your ICO-marketing-launch foundation should be your website.

Website

A professional, up-to-date website is going to be the face of your operation and your token. It is wise to invest in a professional developer to design a website that gets noticed and most importantly respected. The look, design and feel of your site is going to represent your company, and if it looks like it was made in 1995 or has poor grammar and spelling mistakes, your company will quickly lose credibility.

Additionally, there should be a white paper which focuses on the technological aspects of your Blockchain-based business and tokenized assets. A short professionally made video that can sum up your company and your product will do wonders for your credibility. Make sure to list all the members of your team on the website with LinkedIn links to improve transparency and trustability.

Finally, don’t forget to have your website SEO optimized. When marketing ICOs you will want to use all of the above to demonstrate a high-level of trust with your potential investors. An ICO marketing agency will be able to help you further develop your brand should you chose outside help.

Five points to make your ICO a success

  1. Have an engaging story to tell

    You have a product or a service and you need to tell the world about it and get your name out there. Make your ICO story interesting, engaging and understandable in a way that will inspire potential investors to understand your vision, so that it excites them enough to invest.

  2. Know your audience

    Despite its increasing global popularity, a successful ICO marketing strategy still needs to be focused on the right market segments to produce the best and most cost-effective results. Ask who is going to be your target end users? What kinds of industry will my product be effective in? What ancillary markets might I want to target?

  3. Transparency

    If your company is not transparent, it could well act as a repellent towards potential investors. People want to know exactly what they are buying into and the people behind it. A lack of transparency will reduce interest and negatively affect the amount of money you are able to raise. If something looks sketchy would you want to buy into it or invest your money? Most likely, no you wouldn’t. So why would someone else do it?

  4. Compliance

    Compliance is an area that is becoming increasingly important for ICOs in 2018 and will remain a major issue for the future. Regulations and rules are being put in place which will need to be followed. While crypto and ICOs are considered a gray area in many countries, the SEC has some hardline rules that require ICOs to be listed as securities. If you are not following these rules, then you are locking yourself out of the US market.

    While this might not seem like much of an issue now, it will be later on as more countries adopt laws and policies around the use of ICOs and who is allowed to participate legally. When looking at an ICO website you may find there is a list of excluded countries, and the US is nearly on all of them now. Not a good place to be if you want to be part of many investment revolutions.

  5. Crypto ICO marking company

    If you want to compete with the best, you are going to have to spend money to hire the pros to help you get there. If you are successful at fundraising with the ICO you will be able to pay the high-priced bill your ICO marketing budget demands.

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Media and public relations

When you are building your brand awareness, you will want to reach out to an ICO marketing company to help you with the finer details of your communications needs. ICO marketing agencies can offer ICO marketing and PR service. ICO marketing firms will be able to assist with refining your press releases and distributing them to the right target audience.

Social media relations

Social media has changed the marketing and public relations sector for the better. There are many more genuine ways to reach out to your potential investors without all the fluff and wonderment that many ICO celebrity marketing firms do. Below is a list of many ways to interact and get the word out on social media channels:

 

  • Reddit: The Reddit community is a well-informed and unforgiving audience. Win over the trust of the Redditors and you can go a long way to making your ICO a success. Creating subreddits and/or commenting on existing threads can generate a high level of exposure. But be very careful not to advertise or you will be banned!

  • Facebook groups: There’s no ICO advertising allowed on Facebook’s ad, but there are plenty of popular groups with interest in all things ICO.

  • Twitter: Like Facebook in that there’s no advertising, Twitter is still a very popular platform for the crypto community, and influencers with hundreds of thousands of followers can be targeted for ICO marketing.

  • Telegram: The fastest-growing social media platform and an outlet that must be marketed to, Telegram was very lovingly embraced by the crypto community from its inception, and the popularity keeps on growing.

  • Specialized Forums: Bitcointalk.org and some other specialized forums are widely read by the crypto community and carry a fair degree of influence.

  • LinkedIn Groups: LinkedIn groups have thousands of members, are free, and tap into a very targeted and knowledgeable audience.

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Bitcoin vs. Gold: Which is a Better Long-Term Investment Opportunity

💡 Cryptotips
Do you want to touch and admire your assets? The choice is yours.
Bitcoin vs. Gold: Which is a Better Long-Term Investment Opportunity

In 700 BC, the Lydian merchants saw how gold could be used to make coins. This brought about heavy investment in gold and its value soared. To date, gold remains one of the most valued substances and it has enjoyed widespread adoption due to its aesthetics and other features.

Bitcoin, on the other hand, is one asset which is not tangible. It cannot be held or seen physically and it only appears on a computer screen. Even though it has only been around for less than a decade, Bitcoin has enjoyed a significant amount of exposure and acceptance.

Similarities between Bitcoin and gold

  1. Bitcoin and gold are both safe assets. Although the period of use differs widely, they both serve the same purpose.

  2. Also, they are both speculative. The value of Bitcoin and gold are not determined by external factors like the earnings or the interest to be paid. The values are very complicated to compute.

  3. They are both very similar in terms of value exchange. You can get different grades of gold, you can get different measurements of gold, and you can also exchange gold for an actual currency. All these can also be done with Bitcoin.

Bitcoin vs. Gold

The fundamental difference is that Bitcoin is digital while gold is physical. Gold is a metal which can be gauged and admired while this does not apply to Bitcoin.

There’s a limit to the amount of Bitcoin which can be in circulation. This figure is capped at 21 mln, although we have mined almost 17 mln at present. For gold, we cannot ascertain how much of this metal is still available. In fact, researchers are working on a way to mine metals from space. This means that gold will still be created for years to come.

The tenure of both assets can also be factored in. Gold has been available for over 3,000 years, Bitcoin was first mined in 2009.

Finally, gold is widely accepted as a commodity. Bitcoin, on the other hand, eludes description.

We can only have a more objective approach to this comparison if we consider some important factors. These factors are discussed below.

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Gold or Bitcoin- which currency is prone to inflation?

The supply level of Bitcoin is kept steady and immutable. The implication of this is that there’s no possibility of any inflation which might arise as a result of overproduction of Bitcoin. This is, however, one problem with gold, albeit not prominent.

Gold’s supply rate has increased by about two percent yearly for 100 years now. Although this is not enough increase to cause worry, it cannot be compared to Bitcoin. Asking the question whether to invest in Bitcoin or gold, Bitcoin’s infrastructure makes it prone to inflation as a result of excessive supply.

How long has Bitcoin and gold been in circulation?

Gold has been around for several years and this gives it the advantage of trust and reliability. Many people are of the opinion that any new tech innovation might easily displace Bitcoin as the ultimate cryptocurrency. There are also fears concerning the regulation of the government. Bitcoin is not regulated and if something isn’t done soon, it might be ruled against.

Gold has been around for at least three millennia. Bitcoin has not celebrated its 10th birthday. Who will you be more willing to trust? Also, gold has lasted through the thick and thin. Also, it is important to note that gold is not internet-controlled and cannot just be shut down by the government.

The elemental value of gold

Gold is an element that is immune to any form of tech disruption. It is an ingrained part of our societal values and cannot be eroded easily. In the comparison of Bitcoin and gold, Bitcoin has an advantage in this area. If Bitcoin is able to attract new users and ensure that the existing users are satisfied with the service, this might prove beneficial.

Are gold and Bitcoin complementary?

The question so far has been Bitcoin vs. gold, however, readjusting our lens to focus on Bitcoin and gold might just help our case. Can they both work together? Is Bitcoin out to unseat gold as the universal means of storing of value? A better question might even be to ask if Bitcoin is able to replace gold.

Consider the fact that we are shifting to a digital age where the Internet is a primary means of carrying out daily operations. There are serious issues to address before you consider investing in gold.

The points are well presented, evidence, both compelling and dismissible, has been considered, we can only propose some reasons to choose one over the other.

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Reasons to choose Bitcoin over gold

1. Bitcoin eliminates middlemen

With gold, you have to consult with dealers who probably consulted with dealers who also traded with dealers. This increases the price and makes you pay for what is not seemingly fair. However, with Bitcoin, there’s no human involved. Just smart contracts and automated operations.

2. Bitcoin is divisible

You can get a billionth of a Bitcoin just for the sake of purchasing Bitcoin. Can you get a hundredth of an ounce of gold? Maybe. Is the stress of getting this value worth it? Definitely not!

Reasons to choose gold over Bitcoin

1. Gold is easier to understand

Bitcoin is a concept which is not easily accessible to all. Even learned folks might still need to pick up books, settle down and seek professional help. With gold, you can start investing in days.

2. There’s no Internet fraud with gold

Phishing and cybercrime are prevalent issues with cryptocurrencies which are not experienced with good old gold.

Conclusion

Ultimately, it depends on you to make whichever decision you want to. Are you able to take risks? Do you want a more secure investment? Are you willing to diversify? Do you want to touch and admire your assets? The choice is yours.

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