{"id":2233,"date":"2018-07-03T12:00:53","date_gmt":"2018-07-03T06:30:53","guid":{"rendered":"https:\/\/codelattice.com\/blog\/?p=2233"},"modified":"2021-03-03T11:29:41","modified_gmt":"2021-03-03T05:59:41","slug":"could-you-be-the-newest-crypto-king","status":"publish","type":"post","link":"https:\/\/www.codelattice.com\/blog\/could-you-be-the-newest-crypto-king\/","title":{"rendered":"Could You be the Newest Crypto King?"},"content":{"rendered":"<p>Can cryptocurrencies really make you a fortune? If you choose the right ones, they certainly can. Just look at the infographic below to see the current crypto kings and how much wealth they have amassed over the last few years.<\/p>\n<p><span style=\"font-weight: 400;\">Many of those on the list are considered visionary \u2013 they took a new technology, the blockchain, and created their own tweaks and improvements. They made money through pure ingenuity and can serve as an example to the rest of us.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Do you have an idea that may sound a little \u201cout there?\u201d These guys did, but they rolled with it and came up with business applications that should continue to provide them an income for a good long while. So maybe it is time for you to start working on making that seemingly crazy idea work.ef<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t feel innovative enough? Perhaps you try your luck at winning some cryptos. There are tons of online casinos out there that you can try out.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Is gambling not for you? No problem. You can emulate Michael Novogratz and make your money by investing in cryptos. The infographic on <\/span><span style=\"font-weight: 400;\"><a href=\"http:\/\/bitfortune.net\/\">bitfortune.net<\/a>\u00a0<\/span><span style=\"font-weight: 400;\">says that his current crypto net worth is close to $1 billion, so he\u2019s definitely doing something right. Of course, you would need to research properly before choosing which currencies to invest in and where to buy them from.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But, clever investing could help you make a tidy lump sum. And, while any crypto investment is by nature high risk, you can mitigate the risk by following the tips below.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Know that the market is volatile and that you could lose all your capital. There are no guarantees here. So, don\u2019t sink your whole nest egg into this and only invest what you can afford to lose. The potential rewards are high, but these returns come at a cost.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">ICO investing is a way of getting into the market. Go in with your eyes open. Most ICOs won\u2019t make it. Take time to make sure that the company you are investing in has come up with a realistic project and that they have the skills to execute what they say they will.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Choose the exchange that you use to buy the coins carefully. Make sure that the exchange is compliant and also be sure that you have a secure wallet to store the coins in once they have been bought. Exchanges are big targets for hackers and so only put in the amount that you are going to trade.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Check that companies offering ICOs are compliant as well. In the USA especially, these are coming under a lot of scrutiny, and many ICO investments can be classified as securities. These require stricter compliance, and it could be problematic if the company is not compliant.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You have to be willing to brazen it out. Panicking and selling when the price drops is a strategy that will see you losing here. The price will rise and fall many times over. That is why this is best considered a long term strategy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Overall, there does seem to be a lot of room for growth in this exciting field. How are you going to get your slice of the action?<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Can cryptocurrencies really make you a fortune? If you choose the right ones, they certainly can. Just look at the infographic below to see the current crypto kings and how much wealth they have amassed over the last few years. Many of those on the list are considered visionary \u2013 they took a new technology, [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":2234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[376],"tags":[],"class_list":["post-2233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-water-cooler"],"acf":{"heading_txt":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Could You be the Newest Crypto King? - Codelattice Blog<\/title>\n<meta name=\"description\" content=\"Can Cryptocurrencies Really Make You A Fortune? If you choose the right ones, you can be sure. 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