Cryptocurrency Investing 2019: While you may want to say a big ole “Buh BYE 2018!!” I’m here to say, “Not so fast.” I know you may be mad at the crypto market for not delivering what you thought it would in 2018. And you might even be super tired of waiting for that “bottom” all crypto analysts keep promising. But I’m here to say that even in the most bearish crypto markets, there’s still money to be made.
A Look Back at Crypto in 2018
Cryptos gained a lot of mainstream hype in 2017 when Bitcoin’s value increased 1,318 percent. This surge was nothing compared to the gains of some other digital assets. For example, Ripple (XRP) went up (hold your breath) a whopping 36,018 percent. These returns are more than what a stock investor could make in a lifetime. The whole thing generated enough interest to create a true frenzy.
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However, the bubble burst at the beginning of 2018. It left many late investors, who bought cryptocurrencies at a very high price, at a loss. That was enough for some newbie investors to label the whole industry a scam and either give up on investing altogether. Others went back to traditional financial assets like stocks. Regardless, the cryptocurrency market continued evolving. It became more stable and caught the attention and support of many major financial institutions globally and in the United States. As more people get their hands on cryptocurrencies, more sellers feel comfortable accepting them as a payment method. That’s how the whole industry can flourish.
Cryptocurrency Investing 2019: A Different Approach
The crypto market is incredibly volatile. Probably even more volatile than the foreign exchange (forex) market. That’s the traditional currency market where you can make money trading fiat currencies against each other. I’ve written a couple of books on the forex markets, including the Invest Diva’s Guide to Making Money in Forex and Ichimoku Secrets teaching traders exactly how they can make money in shorter time frames.
The unique thing about cryptocurrency investing and trading is that crypto is a cross between an asset (like stocks) and a currency (like the U.S. dollar.) Analyzing the fundamentals behind a cryptocurrency is very different from analyzing any other financial asset. While most crypto enthusiasts treat crypto more like an asset and are eager to Buy the Freaking Dip (BFD), they’re missing out on the currency aspect of crypto trading.
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The traditional ways of measuring value don’t always work in the crypto industry, mainly because in many cases the crypto data isn’t stored in a central hub somewhere. In fact, most cryptocurrencies and their underlying blockchain are decentralized, which means no central authority is in charge. Instead, the power is distributed among the members of any given blockchain or crypto community.
Using IDDA in Crypto
In the past year, after I gave birth to my daughter, Jasmine, I spent a whole seven month researching and writing my new book, Cryptocurrency Investing for Dummies. In this book, I reveal what to expect from cryptocurrencies in the coming years, and how to generate profit using my award-winning IDDA method. That’s short for the Invest Diva Diamond Analysis. I use this method not only for forex and crypto investing strategies, but also for other assets like stocks and ETFs, and I share my strategies on a weekly basis in Invest Diva’s Premium Investing Group.
Cryptocurrency Investing for Dummies
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With that, while the long-term outlook for the markets may remain gloomy, there are’s definitely opportunities to make money. For example, I made my first ever profit trading the crash of 2008. While the rest of the market participants were panicking, I sold the USD versus the Japanese Yen. Within one month, I made $10,000. With the ridiculous returns in the crypto market, many traders have been able to make more in a shorter time. All it takes is proper risk management and an eye for the IDDA.
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If you’re as excited as I am about the opportunities, don’t forget to get on the waiting list for my upcoming book, Cryptocurrency Investing for Dummies, to get the presale price offer (guaranteed). Also, let me know what you think about cryptocurrency investing opportunities in 2019.
Remember that as the 4th point of the IDDA technique, you must calculate your risk tolerance before deciding on the investment strategy that is suitable for your portfolio. Don’t forget to complete your risk management due-diligence before developing your investment strategy.