Cryptocurrency Investment Strategies: A Step-by-Step Guide for Beginners

Well, this is a really difficult question to answer.So far, to the best of our knowledge, Bitcoin is the only cryptocurrency that has given good returns consistently over the years.

Of course, you can always invest in high volatility coins and exit after earning good returns in a short period.

But again, this involves a lot of risk and is certainly not recommended for an average investor with a moderate risk profile.So, what’s the best alternative to make high returns from cryptocurrencies?Contrary to the popular belief, IT IS possible to make good returns in cryptocurrencies without taking a huge risk.

Choosing the right cryptocurrency is the first step.That brings us to the question - which cryptocurrency is right for one to get high returns?Before we start talking about the answer, let’s get to know about some facts that make a cryptocurrency good.What makes a cryptocurrency good (with a possibility of high returns)A powerful conceptA feasible solution to a real market problemA good & experienced teamThe coin market cap and distribution (tokenomics)Product/crypto supply & demandUse cases of the cryptocurrencyLibra Coin - the best cryptocurrency with high return potential Libra Coin is a utility token created for the Libra ecosystem.

It’s an ERC20 token that was recently migrated to the Binance Smart Chain (BSC) and is built to perform transactions faster and more efficiently.As Libra’s native token, Libra coin can be used for payments across a range of services and options within the Libra ecosystem.What makes Libra coin an investment-worth cryptocurrency High demandThe Libra ecosystem is a multidimensional project with a number of digital products and services, including Libra Pay, Libra e-commerce, Libra ATM, and more.

As these products go live one by one, the demand for the Libra coin is expected to boost significantly for users would want to access the next-gen apps and features of Libra.Real use casesThe Libra coin is a global digital currency backed by a powerful payment system that can be practically used for fast & cost-effective payments anywhere in the world.

With this app, you can buy, sell, and trade your favorite cryptocurrencies instantly.

Traders who download and sign in to the app will get FREE 10,000 SHIBA INU tokens instantly gets deposited into your koinbazar account.What is Ripple (XRP)?Ripple Labs is an open-source protocol for the development of the Ripple Protocol, including the XRP Leader and RippleNet, a series of payment technologies targeted at institutional use (banks, non-financial institutions, and digital currency exchanges).Originally called OpenCoin, the business we know today was branded in 2015 as Ripple.Created in 2012, Ripple Labs is a private corporation, located in San Francisco, California.

So you can't buy anywhere from your shop.It should be noted that investing in XRP does not mean investing in Ripple Labs, but in the software, they have made.Ripple Labs now hires more than 500 persons, has nine offices worldwide and (on average) reports an increase of 300 percent year-over-year.Ripple also sells an XRP app package named RippleX tailored for developers and companies.

The platform contains two protocols to be built independently from XRP for the interactions between XRP LEDGER and PayID and Interledger.People also exchange Ripple and XRP, creating more chaos around the project.XRP is a cryptocurrency that Ripple Labs, a US corporation, has made, produced, and partly controlled.

XRP is one of the many Ripple Labs products that have been designed to increase cross-border payment performance, in particular in the banking sector.It's the native digital currency on the XRP Ledger — an open-source, permission-free and distributed directory with 3 to 5 seconds for settling transactions.Without an intermediary, XRP can be explicitly sent as a handy tool to easily and effectively bridge two currencies.

XRP's key objective is to be a monetary trade mediator.How do investors buy Ripple in India?Like other major cryptocurrencies, XRP is also available on several exchanges like Koinbazar.

Some of the queries regarding cryptocurrency trades revolve around “How to Trade Cryptocurrencies”, which further is followed by the following questions:-What is Cryptocurrency?Commonly traded cryptocurrencyAbout Crypto technology, wallet and miningProcess of trading in cryptocurrencyBest Platform for cryptocurrency tradingHere is a cryptocurrency trading guide.

It defines the stipulations underneath which a trader is most probably to emerge profitably and outlines how to have interaction in these conditions.What are the Trading Strategies Used in Cryptocurrency Trading?For the sake of listing, one would divide these strategies into two categories that are: Basic and Expert strategies.The basic crypto trading strategies are as follows:1.

Depending on the amount, you can make smart investment decisions.Trading bots are like computer software or apps that automatically buy and sell cryptocurrency on your behalf according to market conditions.Trading bots are best for beginner investors as they are made to help new investors make a profit instead of losses.Expert Cryptocurrency Trading Strategies1.

Due to regulatory prerequisites, not all exchanges get permission to work in every country.Moreover, exchanges may solely take traditional cash from specific countries.Traders get exceptionally served by way of deciding on an exchange situated in the same nation and the place, as per the general perception.In that manner, the cryptocurrency is ruled through identical rules, regulations, laws and terms and conditions.Find an actual address to verify that the exchange is situated in the nation.One can usually find it on some about us web page that enlists necessary knowledge regarding the exchange.If a user is unable to find a physical address, then there are possibilities that the trader is better off it.Limit the alternatives to exchanges.

If a person is buying this digital currency for the maiden time, then he/she will have to use standard cash recognised as fiat currency to purchase the coins.For this reason, one does not need to register with a trade that solely takes cryptocurrency for the settlement.One may seem to be using and witnessing different types of payment modes as well and might think about the safety norms.Some exchanges take credit cards, debit cards or e-wallets like PayPal, while others may need bank transfers.

However, it person may find it convenient to use credit and debit cards, but from the security point of view, they are vulnerable and put a user at risk.Meanwhile, the use of credit and debit cards may also come handy for the user; it is a lot less secured than several methods.You, moreover, wish to vet as to how exchange seeks to accomplish your trades.If you are evaluating two equal exchanges, you have to choose by keeping in mind which transfer takes less time in completing transactions.Determine how to trade crypto Note that some exchanges limit or restrict the withdrawal and deposit of cryptocurrency in a user’s account.

There are around 4,000 cryptocurrencies in the world, all serve their own unique purpose and they have their own value.

Cryptocurrencies are still new to society and people want to know about them, their features and opportunities they provide to make good profit.POICoin is one such but unique cryptocurrency that aims to revive the dying economy of Africa.

In this article we will talk in depth about the features of the first coin of Africa — PoiCoin.Features of PoiCoinPOICOIN has many key features and a few of them are listed below.Wallet Services: The fully featured wallet will ensure that the POI ecosystem can effectively interact with the technology in a secure and accessible manner.DApps: An open source platform that will allow programmers from around the world to create innovative and cutting-edge technological applications for the ecosystem.Global Exchange: POI has its own exchange where the holder of POI can take part in trading (selling & buying) of their tokens.

Own exchange will remove the need for any external exchange, however, POI will consider some of the major crypto exchanges where POI will be listed on.Ecosystem: POICoin is having a vibrant ecosystem around POI and the members of the ecosystem will have access to a lot of discounted services, bonuses and products using POI as a means of payment or exchange.

All the benefits will be used to empower the ecosystem, users and each and every part of ecosystem.POI Token: The decentralized Ethereum blockchain-based digital currency aims to provide a profitable and secure mode of transactions.

These tokens can be used to make payments, money transfer, and more.Marketplace/E-Commerce: The market will comprise diverse traders and producers who will accept/send POIs as a means of exchange of value for their various products and services with the global community of consumers.Products/Services: Exclusive products and services will be launched on the POI network with the highest discount the industry has ever heard of as an incentive to use the ecosystem, and to encourage users to use POI more and more.Strategic Partnership: As per requirement, we will forge strategic partnerships with leading companies/agencies to further enrich the user experience of the POI ecosystem.POS and Debit Cards: POS and ATM devices will be deployed in specific locations in small communities, which will make room for blockchain to the root level, especially for African communities!

If you are investing for more than 5 years, it can be classified as long-term investments.

It also means that you won’t be requiring those funds until the need arises.

There are several long-term investment options.

You can select one based on your financial goals or planning.

These include Unit Linked Insurance Plan (ULIPs), Equity Funds, Public Provident Fund (PPF), Stocks, Mutual Funds, Bonds, Gold and Real Estate.

All these investment options ensure long-term gains.Learn how to choose the best long-term plans as per your needs with complete guidance.Bank Fixed Deposit (FD)Post Office Savings SchemesPublic Provident Fund (PPF)National Savings Certificates (NSC)Corporate Fixed DepositsSukanya Samriddhi Account (SSA)Unit Linked Insurance Plan (ULIP)National Pension System (NPS)Stocks and Mutual FundsReal Estate