With the crypto-currency market showing signs of recovery, it's time to start planning your investments if you haven't already. The market no longer lives and dies by the price of bitcoin. It is more diverse. With this diversity comes new investment tools that every miner, trader or enthusiast should have in their arsenal. Today, we're going to look at bitcoin micro-loans and three smart investment tips for your success.
BITCOIN MICRO-LOANS HELP YOU DIVERSIFY YOUR PORTFOLIO.
Just like Grandpa used to say "don't put all your eggs in one basket," you shouldn't invest all your money in one crypto. As previously mentioned, bitcoin is no longer the undisputed king of crypto-currencies. There are several valuable competitors all vying for the top spot and you should have a piece of them. Bitcoin micro-loans can help you get seed money for these investments. Simply put up your crypto as collateral, receive a cash loan and invest in other cryptos to have a diversified portfolio. This will not only increase your chances of success but will help protect your portfolio in the event of a down market.
BITCOIN MICRO-LOANS CAN SAVE YOUR MINING BUSINESS
Crypto-currency mining is becoming increasingly difficult to make money from. Rising electricity costs and declining crpyto profits are causing miners to close store around the world. But they don't have to. The Bitcoin micro-loan can help save a mining business. Miners can pledge the crypto-currencies they've mined as collateral and receive a cash loan to repair their mining equipment, pay utility bills, etc. When the market rises again, they can pay off their loan and get all their collateral back, as well as any gains made in the process.
THE BEST BITCOIN MICRO-LOANS FOR CRYPTO-CURRENCY ENTHUSIASTS
If you're not a crypto trader or miner, you can still earn a nice passive income in this sector. For example, crypto lending platform YouHodler has an attractive affiliate program that allows you to earn passive income from your referrals. Just sign up on their website to get your referral link and start earning interest. With an average loan amount of EU customers of 2,500, you can earn 1-3% of every loan amount your referral takes. That's an average of 4,000 EUR with 50 referrals. Visit their site to learn more and start making money.