What’s Your Crypto Investing Strategy? Cryptocurrency Savings

Bitcoin Savings
Bitcoin and Cryptocurrency Savings Strategy

Asides the regular profits from bull runs and day trading, do you hold crypto savings?

Here, we take a look at a crypto investing strategy. This strategy seems to model a “Personal Crypto Piggy Bank” or a “Cryptocurrency Savings Account”. Let’s see how this works.

The basic idea here is to build a cryptocurrency saving portfolio, which allows you to accumulate crypto coins; and saves you the need to buy at bulk prices. This strategy is similar to the common Buy and Hold strategy – where individuals buy a choice cryptocurrency, and hold till profit or till its price rallies before selling off.

However in this case, you get to set a daily, weekly or monthly buy sequence for your choice cryptocurrency while you accumulate and sell off in profit.

Here’s a classic example: Mr Bayo wants to invest in Bitcoin (BTC) but he at this time cannot afford to buy 1BTC = $9313. Now Mr Bayo sets up his Bitcoin savings wallet /crypto piggy bank strategy; that is he buys $10 = 3,600 naira worth of BTC weekly and stores in his Bitcoin wallet.

The above strategy is a sample strategy and will have Mr Bayo saving $480 in Bitcoin over 12 months. Using a Bitcoin savings calculator, $10 x 4 weeks in a month = $40, $40 x 12 months in a year = $480.

Since the start of the year, savings in Bitcoin till date have risen by over $150%. Using Bitcoin as savings has sure yielded huge profits when compared to other assets. Now calculate the gains on your Bitcoin savings account at the end of the year and extra profits on every bull run.

Why Is This Important?

Just like every good financial instrument, holdings or savings in cryptocurrency as an asset class offers benefits in the short, medium and long term.

When compared to other traditional assets and bank savings in fiat currency, cryptocurreencies offer a certain ROI over a period of time. Hence, while your fiat savings are subject to low or no yields over a duration; crypto investing or savings have been known to yield double figure growth in months or a year.

This is evident as over the course of the first six months of this year, these coins have yielded multiple gains with a potential for more. See here: https://btc.ng/market-news/top-10-performing-cryptocurrencies-of-2019-q1-q2/

How satisfying would it be to have the Bull Run met your prepared strategy? It becomes a profit galore and wholesome reward for saving and holding.

What Are Other Benefits of Crypto Saving or Holding?

  • Crypto offers higher returns on investment or holding over fiat (cash savings)
  • Cryptocurrency is a less inflationary asset
  • No charges on holding and storing
  • Offers leverage to Buy and Hold little amounts in crypto without stress on your financial capacity
  • Double profits during Bull Runs; as your saved coins get pumped too

In all, the decision on what saving pattern to apply is solely yours. Is crypto saving or holding a part of your investment portfolio or future? Start small, grow your portfolio!

A Final Tip

Maintain a diverse portfolio: This would require you study and research coins with potential in the long term and make them a part of your saving tokens. That is, saving or holding altcoins (other coins asides BTC).

Note however, a common crypto portfolio guide says your portfolio should consist of at least 30%-50% BTC while choice altcoins make up the rest.

Also, DO NOT INVEST IN SHIT COINS.

This article does not serve or replace financial advice. Always Do Your Own Research! (DYOR).

Written By

CryptoEnthusiast, CryptoEducator, Angel Investor, Writing Pro and Techie

41
Leave a Reply

avatar
41 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
36 Comment authors
JamestahClaudcogTimothyJouttTimothyJouttJamestah Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
MarcosChins
Guest
MarcosChins

order tadalafil: http://tadalafilonline20.com/ tadalafil online 20

MichaelCer
Guest
MichaelCer

best online international pharmacies india cheap generic drugs from india

MichaelCer
Guest
MichaelCer

usa pharmacy india: https://genericwdp.com/ best online international pharmacies india

MichaelCer
Guest
MichaelCer
JeffreySwene
Guest
JeffreySwene

viagra over the counter cost of viagra
cost of viagra

JeffreySwene
Guest
JeffreySwene

viagra 100mg price viagra cost
п»їviagra pills

JeffreySwene
Guest
JeffreySwene

order viagra online when will viagra be generic
price of viagra

StanleyUriff
Guest
StanleyUriff

zithromax for sale us zithromax buy

StanleyUriff
Guest
StanleyUriff

propecia cheap drug finasteride

Thomaslar
Guest
Thomaslar

how much is viagra https://viagrapills100.com/ п»їviagra pills

Thomaslar
Guest
Thomaslar

viagra cost https://viagrapills100.com/ generic viagra walmart

Richardneeva
Guest
Richardneeva

over the counter viagra best place to buy viagra online
viagra without a doctor prescription usa

ElmerKarry
Guest
ElmerKarry

cheap ed pills in mexico cheap ed pills
remedies for ed

Terrylep
Guest
Terrylep

aspirin and ed ed drugs compared
buy ed drugs

Terrylep
Guest
Terrylep

buy ed pills from canada cheap ed pills in mexico
best ed pill

ElmerKarry
Guest
ElmerKarry

ed pills online cheap ed pills from canada
cheap ed pills usa

Terrylep
Guest
Terrylep

non prescription ed pills cheap ed pills from india
ed pills without a doctor prescription

Jasonsar
Guest
Jasonsar

https://hydroxychloroquinest.com/# generic for plaquenil

Jasonsar
Guest
Jasonsar

https://prednisonest.com/# prednisone over the counter

Jasonsar
Guest
Jasonsar

https://hydroxychloroquinest.com/# generic plaquenil cost

ScottJam
Guest
ScottJam

https://zithromaxproff.com/# zithromax 1000 mg online
buy zithromax 1000mg online

ScottJam
Guest
ScottJam

http://zithromaxproff.com/# buy zithromax no prescription
zithromax 500mg price

ScottJam
Guest
ScottJam

cephalexin online: ketoconazole generic
zyvox for sale

BillySkAva
Guest
BillySkAva

order trimox online: ciplox capsules
trimox capsules

ScottJam
Guest
ScottJam

generic minomycin: buy vantin
keftab capsules

Michaelbew
Guest
Michaelbew

online indian pharmacies: all generic meds from india buy prescriptions from india pharmacy

Stevenhearf
Guest
Stevenhearf

indian online pharmacies review: online medications from india meds from india

Michaelbew
Guest
Michaelbew

buy prescriptions from india pharmacy: india pharmacy mail order cheap online pharmacies from india

Stevenhearf
Guest
Stevenhearf

usa pharmacy india: india pharmacies online online indian pharmacies

Michaelbew
Guest
Michaelbew

india pharmacy without dr prescriptions: india pharmacy meds from india

RobertrhypE
Guest
RobertrhypE

best erectile dysfunction pills review: https://edpillsonline24.com/# cialis ed pills

BillyNep
Guest
BillyNep

cialis pills: cialis pills viagra pills

BillyNep
Guest
BillyNep

cialis pills: kamagra pills best erectile dysfunction pills

Danilorot
Guest

free foreign dating sites free no fee
free adult personals site

RobertrhypE
Guest
RobertrhypE

levitra pills: https://edpillsonline24.com/# kamagra pills

MichaelUndip
Guest
MichaelUndip

order viagra online: viagra without a doctor prescription usa viagra online no prescription

Jamestah
Guest
Jamestah

viagra coupon viagra without prescription no prescription viagra

TimothyJoutt
Guest
TimothyJoutt
Guest

free local personal ads
free phone chat lines

Claudcog
Guest
Claudcog

doxycycline 50mg: buy doxycycline – generic doxycycline

Jamestah
Guest
Jamestah

http://diflucanst.com/# diflucan for sale uk