10 Ways to Invest in Blockchain
The Blockchain Industry is increasing in popularity as people are beginning to understand what it means and started putting money into cryptocurrencies and NFTs. If you don’t fully understand what Blockchain is, click here to read my first blog post breaking down what it is in a simple easy-to-understand fashion.
So in this article, I want to break down ten ways you can get invested in the Blockchain Industry today. We’re in the final quarter of the year and it’s time to start creating goals for the upcoming year of 2022. We don’t want to miss out on potentially great financial opportunities so it’s great practice to read into different options and finding out what may be the best fit for you to look into or pursue. Some of these you may have already heard of or already be doing, but some of these may be something you’ve never even heard of. So let’s get into it!
Disclosure: This content is in an attempt to be used and must be used for informational purposes only. It is important to do your own analysis before making any investments based on your own personal circumstances. You should take independent financial advice from a professional and verify any information you find and wish to rely upon when making an investment decision or otherwise.
- Cryptocurrency Investing/ Trading
This is probably the most popular way to get invested into the Blockchain Industry. There are many different kinds of cryptocurrencies, major ones like Bitcoin and Ethereum as well as altcoins like Polygon or SHIB that are available to buy through trading platforms like Coinbase, Robinhood, Binance, and etc. People can choose to make money off of cryptocurrencies by the buy and hold method, where you put money in and leave it in for an extended period of time, or by trading, where you buy and sell at different price points to take profit. Cryptocurrencies are extremely volatile so make sure you do your research and figure out what’s the best way for you to get invested. Click here to read a fun blog post on If you invested $100 last year in Crypto, how much would you have now?
2. NFT Investing/ Trading
This is another extremely popular way to get invested in the Blockchain Industry. If you want to learn more about what NFTs are, click here to read my blog post on What are NFTs? NFTs can be bought on OpenSea and other NFT platforms, and similarily to cryptocurrencies you can choose to buy and hold or buy and sell for profit. If you choose to invest in a good NFT, there could potentially be some great appreciation in value. Again, do your research and invest at your own risk!
3. Blockchain Blog
I had to put this as number 3 because if you’re reading this right now, then you can imagine why someone would choose to read a Blockchain blog. There are many other people out there curious as you are about Blockchain and choose to read blogs like this one to educate themselves and stay up-to-date. If you find that you’re heavily invested in Blockchain or want to get heavily invested, starting a blog might be a great way to expand on where you currently are at. Bloggers can make a range of $200-$15,000 monthly depending on how much traffic they are getting to their posts as well as through ads, affiliate marketing, sponsored posts, products and services. Anyone can start a blog and if you enjoy writing and researching, starting a blog is something you should consider.
4. Liquidity Mining
Also known as Yield Farming, Liquidity Mining is when users earn an additional token on top of the regularly expected yield by simply putting assets into a liquidity pool. So basically you would provide liquidity, meaning you would lend your cryptocurrencies or tokens to a borrow/lend protocol. You would earn a commission on all facilitated trades in return, paid out in the same cryptocurrency or token that you originally provided. In Liquidity Mining, you will get a third token that can be traded for any token which gives it monetary value and will provide the user certain rights such as voting rights for any protocol changes electing to be made.
Yield farming can be profitable if you do it early on and take the majority of profit, but there are also some risks so do your due diligence and research. I will certainly be posting a blog post on this topic and when I do I will insert the link to it here.
5. Sell a Blockchain E-Book
E-Books are a good way to make income. All you have to do is set aside time to create the e-book (definitely easier said than done), and then use a sales tunnel platform to share the link directly with potential readers to purchase. Writing an e-book can be a rigorous process as well as very time-consuming, but the pay-off can be substantial if you have a decent following or great marketing techniques, and the best part is that it’s very low maintenance once you are done producing the digital product. You never have to worry about the book again as long as the link remains active and efficient. You now have a tool that will help you make money in your sleep. A lot of people are looking to further understand Blockchain, so you can certainly be the one to explain it!
6. High Yield Cryptocurrency Accounts
One of the many perks of investing in cryptocurrencies is that cryptocurrencies have some of the highest yield savings accounts with high interest rates that offer way better returns that regular fiat currency these days. That can be subject to change in the future so it’s best to take advantage of it now. Some can range from 2%-20% interest earned on a monthly basis, whereas fiat currency right now can be less than 1%. Of course there is a risk to everything, keep in mind that cryptocurrency prices are extremely volatile so there is a chance that the price of the cryptocurrency can fluctuate and the payout each month will differ because of it. I highly recommend to d o y o u r r e s e a r c h before deciding to put your money in.
7. Crypto Loans & Loan Collateral
Apparently it’s much easier to take out a loan in cryptocurrency than it is with regular fiat currency. Normally to get a loan, you must go to the bank and go through different requirements to see if you are eligible such as credit check whereas with cryptocurrency you do not need a credit check in order to take out a crypto loan. The exchange platform that approves you the loan uses the concept of loan collateral as a guarantee that the loan is going to be repaid. And with cryptocurrency having lower interest rates, cryptocurrency could save you a lot of money overtime. Do your due diligence and
before deciding to take out a loan backed in crypto. Do a proper risk to reward analysis.
8. Blockchain-related Course
Selling courses has been very popular over the past few years with platforms like Coursera and Kajabi that make it easy to create, design, and grant access to a course you decide to make. A lot of people want to understand Blockchain and don’t have the resources to know how to invest in cryptocurrencies, NFTs, and etc. Creating a course could be a great way to make money in this industry, and if the course gains popularity it’s a great opportunity to expand and create an entire brand or educational platform.
9. Blockchain E-Commerce
As Blockchain continues to expand, more companies will be created and new products to increase security in private keys will be created. E-commerce is another avenue that has proven to be very profitable in the past few years. Platforms like Amazon, the biggest company in the world, are creating millionaires through simple drop-shipping and general e-commerce. The Blockchain Industry is giving us all an opportunity to be creative. If you’re interested in e-commerce, consider using Blockchain as your niche!
10. Career in Blockchain
New industry means new companies which means brand new job opportunities. The most beautiful part about Blockchain is because it is so new there are very few “Blockchain Experts”. Having interest in Blockchain already puts you ahead of the curve. If you are looking for a new exciting change in your career, whether it’s an entirely new position or even just a brand new company, Blockchain companies need the same type of roles filled for any other company. They need administrative assistants, they need sales teams, they need marketing teams, HR teams, accountants, software developers, tech teams. The list goes on. It isn’t anything but to just target Blockchain companies when you apply for a new position! I will say there are risks, there’s always an added risk working for a start-up company so I’m not telling you to quit your job today. But it is a great thing to consider.
Life is all about positioning yourself. There are many new industries being formed as we enter a new technological era and it’s all very exciting. Though everything has their risks, it’s definitely worth taking a look at!