Using Bitcoin To Make Money

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I almost cannot believe how fast bitcoin is rising, just a moment ago I saw the price at nearly $56,000. At this rate I would not be surprised if bitcoin climbed steadily to $100,000, without falling at all. If you find yourself selling any bitcoin, stop and reconsider the potential earnings you will be losing.

The best way to spend any cryptocurrency is to only use money that has been earned from an investment each month. For example, if I have half of a bitcoin earning 6% APY and bitcoin is worth $100,000, my earnings would be $250 per month. This strategy will not only keep my investments intact, it would allow them to grow even more. Imagine if bitcoin were $1,000,000, my 6% APY would generate $2500 per month from half of a bitcoin.

My point is that cryptocurrency is too valuable to sell, the best strategy is securing an income from the equity you already have. If you are smart, the initial investments and the income they produce will both increase overtime.

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9 comments
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I think this is a very wise strategy to work on to increase your APR. I really agree that you shouldn’t sell your Bitcoin at this point, and just save it to invest in an interest paying account.

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Agreed. I'm already doing that. Hopefully in the not so distant future many of us will be able to live off of the interest and not worry about selling the principal. Every $1k it goes up brings us that much closer....and then when LeoFinance, Hive, and ProjectBlank moon, all will be right with the world. :-)

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I am on the same page as you my friend, I cannot wait to be cashing out thousands of dollars in interest each month.

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Would you consider sell HIVE and LEO based on the same principle and considering they're both earned tokens.

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I will only sell HIVE and LEO when it's earned from my account, I'm not going to sell the principal amount.

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