With the crypto market showing signs of recovery, it’s time to start planning your investments if you haven’t done so already. The market doesn’t live and die by the price of bitcoin anymore. It’s more diverse. With that diversity, comes new investment tools every miner, trader or enthusiast should have in their arsenal. Today, we’ll take a look at bitcoin micro loans and three smart investment tips for your success.
BITCOIN MICRO LOANS HELP YOU DIVERSIFY YOUR PORTFOLIO
Just as Grandpa used to say “don’t put all your eggs in one basket,” one shouldn’t invest all their money in one crypto. As stated earlier, Bitcoin is no longer the undisputed king of crypto. There are several worth competitors all fighting for the top spot and you should have a piece of them all. Bitcoin micro loans can help you get starting capital for these investments. Simply put up your crypto as collateral, receive a cash loan and invest in more cryptos for a diversified portfolio. This will not only increase your chance of success but help to protect your portfolio in case of a bear market.
BITCOIN MICRO LOANS CAN SAVE YOUR MINING BUSINESS
Crypto mining is getting harder to turn a profit. Rising electricity costs and falling crpyto profits mean miners are closing up shop all over the world. But they don’t have to. Bitcoin micro loan can help to save a mining business. Miners can put up their mined crypto as collateral and receive a cash loan to repair their mining hardware, pay electricity bills and more. When the market goes back up, they can repay their loan and receive all their collateral back along with gains received in the process.
BEST BITCOIN MICRO LOANS FOR CRYPTO ENTHUSIASTS
If you’re not a crypto trader or miner, you can still make a nice passive income in this industry. For example, crypto lending platform YouHodler has an attractive affiliate program that lets you make a passive income from your referrals. Simple sign up on their website to get your referral link and start earning interest. With an average E.U. customer loan amount of 2,500, you can make 1-3% of each loan amount your referral takes. That’s an average of 4000 EUR with 50 referred customers. Visit their site to learn more and start earning.