Trying to make money overnight with crypto is the reason people lose money.
If you’re expecting to make money this week or by the end of this month, this article won’t be of help to you.
If you bought $100 worth of Bitcoin in 2010, you would’ve been up-to $80 million richer in this year.
Well, this might obviously an extreme example, but investing for making money shouldn’t be a rocket science.
You can invest in Bitcoin and most known Altcoins during your lunch break, and still make life-changing profit.
However, the buying and selling of these cryptocurrencies has potential rewards and risks involved.
Due to the market volatility, you’re advised to only invest what you can afford to loose.
The crypto space have raised successful investors, and also have extremely taken many back to trenches.
Figuring out the best investment assets that has the potential to improve in valuation isn’t easy though.
I won’t even claim to be able to do it every day myself, but you can typically make several extra money every month using my techniques.
In this article, I will guide you with the proven method to actually turn $10,000 to $100,000 investing in valuable crypto assets.
Let’s get started!
How to turn 10k into 100k crypto investing
To make this tutorial very simple and straight, I recommend using Binance platform for the whole process.
Binance is one of the best, reliable and secure cryptocurrency exchange with the features that helps you to earn more crypto.
As this guide is not particularly about the exchange, read my detailed review on binance to learn more.
Before we start, make sure you’ve created an account on Binance and you have done and passed the KYC/AML verification process.
If you use my link, you will get a life-time discount on your transaction fees, and also some bonus on all your deposits.
Now, let’s discuss how you can turn $10k into $100k investing in cryptocurrencies for profit making within a year.
Here is a real example on turning $100 into $1,000,000:
The coin Verge (XVG) starting value was at $0.000019 on 1st January, 2018, but towards the same year ending, it was at $0.222505 (price per token).
This is an insane 1,170,979% ROI (Return On Investment)!
If you’d bought just 10,000 dollars of XVG on that same date, you could’ve made over 1 MILLION dollars in a single year.
Verge isn’t the only crypto that has seen such valuation, people made lots of money with other cryptocurrencies.
There’s no exception, because it happens all the time.
Just find trending crypto assets and invest either $100, $1,000 or $10,000 on them, and you’ll prolly make your first $100,000 or even $1,000,000.
Best methods to turn 10k into 100k with crypto
These are the best methods to turn $10,000 into $100,000 investing crypto assets that has the potentials to grow in value within time.
However, some of these methods may take a year or less to turn 10K into 100K.
Regardless of the method you choose, the main thing is to actually get your hands dirty by starting to invest using it.
1. Investing in established coins
Investing in established coins such as Bitcoin, Ethereum, Ripple, Tron and Litecoin can be a safer option.
They may not have the same growth potential as altcoins, but they’re more stable and less likely to experience significant price fluctuations.
This strategy can be useful for crypto investors who are looking for more conservative way to get into the investment.
To help get you started easily, I wrote an article on the best cryptocurrenies to invest in for the long-term.
Maybe you should check it out, or use it as a guideline find more crypto assets to put your money into.
2. Crypo Dollar-Cost Averaging (DCA)
One of the easiest strategies for putting your money in cryptocurrency is known as dollar-cost averaging.
This involves investing a fixed amount of money at regular intervals, while ignoring market price movements.
This strategy can help you to reduce the impact of crypto market volatility, and also ensure that you are buying at a consistent price.
Take a look at an article I wrote on dollar-cost averaging for beginner cryptocurrency asset investors to learn more about this strategy.
3. Invest in Non-Fungible Tokens (NFT)
Non-fungible token arts have made many crypto investor very wealthy, and it still making it viable way to become a millionaire.
To understand how it works, you have to also read my basic guide on Non-Fungible Token and their marketing tactics.
Investing these digital arts can be one of the funniest methods to turn your 10,000 dollars into up-to 100,000 dollars in a year.
All you need to learn is how to create, hype, promote and market them to the crypto asset communities for profitable sales.
4. High-Risk, High-Reward investments
Yet another way is to invest in high-risk, high-reward penny cryptocurrencies, but it’s quite riskier than other methods.
These crypto-coins typically have lower market caps with low price, and that means they have the potential for rapid growth.
However, they’re more volatile in their price movements and carry a higher risk of loss.
It is essential to conduct thorough research and analysis before investing in these types of crypto assets.
Cryptocurrency has immersed popularity over the years, with investors making significant gains through strategic investments.
Investing in cryptocurrencies can be a high-risk or high-reward opportunity for investors.
The volatile nature of the market can be both a blessing and curse, but it also presents an opportunity to turn a relatively make a small investment larger.
Whether you invest in established coins, high-risk assets, or dollar-cost averaging, you will need a solid investment strategy with patience for the market.
Before investing your money into any crypto, it is essential to understand how the market performs.
This means conducting thorough research and analysis of the asset history, development, team, technology, and community.
Gathering these information will help you determine whether the coin has growth potential to provide a valuable return on your investment.