Twollow
  • Tech
    Breathe New Life into Your MacBook

    Breathe New Life into Your MacBook Pro With Battery Replacement

    Machine and Equipment Manufacturers

    Machine and Equipment Manufacturers for Industrial Development

    Roll Out in Style With Kia Cerato Mats

    Roll Out in Style With Kia Cerato Mats

    Beat the Heat

    Beat the Heat Through an Expert Evaporative Cooling System Service

    How To Remove OBJ In A Box In WordPress

    How To Remove OBJ In A Box In WordPress

    How To Delete Ultrasurf For Chrome

    How To Delete Ultrasurf For Chrome

    Streaming Microphone

    Elevate Your Online Presence with a Streaming Microphone

    Luxury modern house on earth isolated on white background,Concep

    How To Use Technology To Design Your Dream Home

    Data-Only SIM Card for Digital Nomads

    The Advantages of a Data-Only SIM Card for Digital Nomads

  • Apps
    Why Should You Buy Views for Instagram

    Why Should You Buy Views for Instagram | Top Advantages

    News Mobile App

    Best Practices For Creating Engaging News Mobile App

    app development

    InsiderTech No:1 Web Application Development

    Efficient Hosting Solutions

    Why Businesses Should Use Highly Efficient Hosting Solutions for Their Sites

    How To Build Android Apps With Node JS Using Android JS

    How To Build Android Apps With Node JS Using Android JS

    Is Powerapps Service The Future Of App Development?

    How To Make Night In Little Alchemy

    How To Make Night In Little Alchemy?

    How To Make Light In Little Alchemy

    How To Make Light In Little Alchemy?

    How To Make Glass In Little Alchemy

    How To Make Glass In Little Alchemy?

  • How To
    How To Import GTA Vice City Save To IOS

    How To Import GTA Vice City Save To IOS

    unit trusts

    How to Invest in Singapore Unit Trusts

    How To Unlock All Gun Skins in free Fire With Lulubox

    How To Unlock All Gun Skins in free Fire With Lulubox

    solar panels

    Common Solar Panel Concerns and How to Deal With Them

    imei number

    How to Check IMEI Number?

    bong

    How do you manufacture a bong?

    Central heating

    DIY Guide: How To Install A Designer Radiator

    website

    Things That Might Be Wrong With Your Website And How To Fix Them

    design a business logo

    How to Design a Successful Business Logo

  • Business
    • All
    • Finance
    Improve Employee Experience

    Everything You Need to Know about Professional Employee Outsourcing in the UK

    Importance of Mental Health Training for Businesses

    The Importance of Mental Health Training for Businesses

    Risk for Your Business

    Tips for Mitigating Risk for Your Business

    Businesswoman Looking At Financial Report

    How to Ensure Financial Health of a Company

    Avoid Capital Gains

    The Importance of the Initial Public Offering Process

    Co-Working Spaces

    Co-Working Spaces is an Alternative to Traditional Renting

    Economic Fallout of Insider Trading

    The Economic Fallout of Insider Trading

    What is Employer Shared Responsibility

    What is Employer Shared Responsibility?

    How To Increase Business Productivity

    How To Increase Business Productivity

  • Marketing
    SMM panels to enhance your social media strategy

    Best practices for using SMM panels to enhance your social media strategy

    Reasons Why SMM Panels Are Essential for Your Online Success

    15 Compelling Reasons Why SMM Panels Are Essential for Your Online Success

    Bangkok SEO Services

    Tap Into the Power of Bangkok SEO Services

    Everything You Need to Know About Legal Marketing

    Everything You Need to Know About Legal Marketing

    SEO Is a Game-Changer

    Why SEO Is a Game-Changer for Your Start-Up

    How You Can Improve Your Customer Experience Using Insights

    How You Can Improve Your Customer Experience Using Insights

    brand

    How to Market Yourself as a Consultant

    Why Is It Investible For Entrepreneurs in Marketplace Solutions

    Why Is It Investible For Entrepreneurs in Marketplace Solutions?

    Customer Retention

    6 Creative Ways To Use Consumer Insights For Customer Retention

  • General
    best coffee bean grinders

    Coffee Packaging Guide for Summer 2023

    plumbing contract

    6 Questions To Ask A Plumbing Contractor Before Hiring One

    Cannabis

    Cannabis Is Now Legal In Thailand, But It’s Complicated

    Youtube

    Top 6 Signs to Start a Private Podcast for your Company

    Car Accident

    Getting The Most Money Out of A Car Accident -Your Legal Guide!

    Edibon Automotive Mechanical Teachings

    Enhance Engineering Skills with Edibon Automotive Mechanical Teachings

    Tooth Implant

    A Tooth Implant in Singapore is a Smile Makeover Without Breaking the Bank

    Estate Agent Course

    The Real Estate Agent Course Helps You Stand Out in a Competitive Market

    Best Bridal Bouquets in Singapore

    Discover the Best Bridal Bouquets in Singapore

  • Reviews
    Development of Cryptocurrency

    A Crypto.com Overview

    Ophthalmology eyesight examination

    Red Light Therapy Devices for Eyes: Where to Buy

    text to speech

    Best Text to Speech Converters Reviewed

    air purifier

    Where Can You Find the Best Air Cleaner Pro Reviews?

    How to Choose a Cheap Hosting

    Liquid Web Reviews: A Look At A Reliable Hosting Company

    Ionic Training

    Get Ionic Training and Improve Your Career Options

    Learning Experience

    Salesforce DX myTrailhead to Customize the Learning Experience

    Best Web Hosting Services

    10 Best Web Hosting Services 2018

    Honey Chrome Extension Review

    Honey Chrome Extension Review – Is It Scam Or Real?

  • Featured
No Result
View All Result
  • Tech
    Breathe New Life into Your MacBook

    Breathe New Life into Your MacBook Pro With Battery Replacement

    Machine and Equipment Manufacturers

    Machine and Equipment Manufacturers for Industrial Development

    Roll Out in Style With Kia Cerato Mats

    Roll Out in Style With Kia Cerato Mats

    Beat the Heat

    Beat the Heat Through an Expert Evaporative Cooling System Service

    How To Remove OBJ In A Box In WordPress

    How To Remove OBJ In A Box In WordPress

    How To Delete Ultrasurf For Chrome

    How To Delete Ultrasurf For Chrome

    Streaming Microphone

    Elevate Your Online Presence with a Streaming Microphone

    Luxury modern house on earth isolated on white background,Concep

    How To Use Technology To Design Your Dream Home

    Data-Only SIM Card for Digital Nomads

    The Advantages of a Data-Only SIM Card for Digital Nomads

  • Apps
    Why Should You Buy Views for Instagram

    Why Should You Buy Views for Instagram | Top Advantages

    News Mobile App

    Best Practices For Creating Engaging News Mobile App

    app development

    InsiderTech No:1 Web Application Development

    Efficient Hosting Solutions

    Why Businesses Should Use Highly Efficient Hosting Solutions for Their Sites

    How To Build Android Apps With Node JS Using Android JS

    How To Build Android Apps With Node JS Using Android JS

    Is Powerapps Service The Future Of App Development?

    How To Make Night In Little Alchemy

    How To Make Night In Little Alchemy?

    How To Make Light In Little Alchemy

    How To Make Light In Little Alchemy?

    How To Make Glass In Little Alchemy

    How To Make Glass In Little Alchemy?

  • How To
    How To Import GTA Vice City Save To IOS

    How To Import GTA Vice City Save To IOS

    unit trusts

    How to Invest in Singapore Unit Trusts

    How To Unlock All Gun Skins in free Fire With Lulubox

    How To Unlock All Gun Skins in free Fire With Lulubox

    solar panels

    Common Solar Panel Concerns and How to Deal With Them

    imei number

    How to Check IMEI Number?

    bong

    How do you manufacture a bong?

    Central heating

    DIY Guide: How To Install A Designer Radiator

    website

    Things That Might Be Wrong With Your Website And How To Fix Them

    design a business logo

    How to Design a Successful Business Logo

  • Business
    • All
    • Finance
    Improve Employee Experience

    Everything You Need to Know about Professional Employee Outsourcing in the UK

    Importance of Mental Health Training for Businesses

    The Importance of Mental Health Training for Businesses

    Risk for Your Business

    Tips for Mitigating Risk for Your Business

    Businesswoman Looking At Financial Report

    How to Ensure Financial Health of a Company

    Avoid Capital Gains

    The Importance of the Initial Public Offering Process

    Co-Working Spaces

    Co-Working Spaces is an Alternative to Traditional Renting

    Economic Fallout of Insider Trading

    The Economic Fallout of Insider Trading

    What is Employer Shared Responsibility

    What is Employer Shared Responsibility?

    How To Increase Business Productivity

    How To Increase Business Productivity

  • Marketing
    SMM panels to enhance your social media strategy

    Best practices for using SMM panels to enhance your social media strategy

    Reasons Why SMM Panels Are Essential for Your Online Success

    15 Compelling Reasons Why SMM Panels Are Essential for Your Online Success

    Bangkok SEO Services

    Tap Into the Power of Bangkok SEO Services

    Everything You Need to Know About Legal Marketing

    Everything You Need to Know About Legal Marketing

    SEO Is a Game-Changer

    Why SEO Is a Game-Changer for Your Start-Up

    How You Can Improve Your Customer Experience Using Insights

    How You Can Improve Your Customer Experience Using Insights

    brand

    How to Market Yourself as a Consultant

    Why Is It Investible For Entrepreneurs in Marketplace Solutions

    Why Is It Investible For Entrepreneurs in Marketplace Solutions?

    Customer Retention

    6 Creative Ways To Use Consumer Insights For Customer Retention

  • General
    best coffee bean grinders

    Coffee Packaging Guide for Summer 2023

    plumbing contract

    6 Questions To Ask A Plumbing Contractor Before Hiring One

    Cannabis

    Cannabis Is Now Legal In Thailand, But It’s Complicated

    Youtube

    Top 6 Signs to Start a Private Podcast for your Company

    Car Accident

    Getting The Most Money Out of A Car Accident -Your Legal Guide!

    Edibon Automotive Mechanical Teachings

    Enhance Engineering Skills with Edibon Automotive Mechanical Teachings

    Tooth Implant

    A Tooth Implant in Singapore is a Smile Makeover Without Breaking the Bank

    Estate Agent Course

    The Real Estate Agent Course Helps You Stand Out in a Competitive Market

    Best Bridal Bouquets in Singapore

    Discover the Best Bridal Bouquets in Singapore

  • Reviews
    Development of Cryptocurrency

    A Crypto.com Overview

    Ophthalmology eyesight examination

    Red Light Therapy Devices for Eyes: Where to Buy

    text to speech

    Best Text to Speech Converters Reviewed

    air purifier

    Where Can You Find the Best Air Cleaner Pro Reviews?

    How to Choose a Cheap Hosting

    Liquid Web Reviews: A Look At A Reliable Hosting Company

    Ionic Training

    Get Ionic Training and Improve Your Career Options

    Learning Experience

    Salesforce DX myTrailhead to Customize the Learning Experience

    Best Web Hosting Services

    10 Best Web Hosting Services 2018

    Honey Chrome Extension Review

    Honey Chrome Extension Review – Is It Scam Or Real?

  • Featured
No Result
View All Result
Twollow
No Result
View All Result

Eight Cryptocurrency Strategies for Smarter Investing

by Haris V.
October 4, 2022
0
Cryptocurrency Strategies
Share on FacebookShare on Twitter

Choosing a cryptocurrency investment strategy could be the key to increasing your crypto earnings. Any investment comes with risk, but you can often minimize your potential losses by sticking with an effective strategy and closely monitoring the Canadian Bitcoin price. Here are eight common cryptocurrency strategies that you can adopt today.

  1. Use a Crypto Price Tracker That Displays Multiple Currencies

Investing in crypto requires you to monitor the current price of your investments. Some crypto price trackers only display prices in USD, which could lead to some confusion if you are investing in CAD.

The Canadian Bitcoin price is the value of Bitcoin in CAD (Canadian dollars) instead of USD (US dollars). For example, if one BTC equals $20,230 USD, it is worth about $27,700 CAD.

Look for a crypto price tracker that includes CAD prices. Many of the leading tracking sites allow you to switch currency. Along with comparing the price of Bitcoin to CAD, you can compare it to other cryptocurrencies as well.

  1. Diversify Your Cryptocurrency Investments

Instead of putting everything into Bitcoin, diversify your crypto assets by investing in several cryptocurrencies. Consider spreading your investments across some of the top cryptocurrencies.

The prices of many cryptocurrencies correlate heavily with Bitcoin (BTC) and Ether (ETH). However, maintaining a diverse crypto portfolio can slightly decrease the volatility of individual cryptocurrencies. The best crypto platforms in Canada will offer a variety of popular cryptocurrencies to diversify your portfolio.

  1. Use Dollar-Cost Averaging to Invest Regularly

As with any investment, you should only invest what you can reasonably afford to lose. Your investments are not protected against financial losses.

One way to avoid investing too much is to invest a set amount at regular intervals. This is called dollar-cost averaging (DCA).

For example, you may decide that you can afford to invest $100 per month in your cryptocurrency assets. No matter the state of the crypto market, you continue investing $100 each month. Across the long-term, dollar-cost averaging often results in a better value compared to investing a lump sum of your money.

  1. Set Clear Entry and Exit Points for Each Trade

Instead of dollar cost averaging, many investors try to wait for the ideal time to complete a crypto trade. The goal is to buy when the value of a cryptocurrency is down and sell when the price rises, resulting in a profit.

When trying to profit from crypto trades, it is important to set clear entry and exit points. Decide at what point you want to buy and sell before you start the trade to avoid making decisions based on emotion or the latest news cycle.

  1. Consider Using a Mixture of Crypto Storage Options

You can store your cryptocurrency online or offline. Online digital wallets are referred to as hot wallets. A hot wallet is convenient as you can access your crypto instantly on your chosen platform.

Offline storage includes physical devices called cold wallets. A cold wallet is the most secure way to store crypto but may require you to transfer crypto to a hot wallet before selling. You need to pay a small fee for each transfer.

A common strategy is to store short-term investments in a hot wallet and most of your long-term holdings in a cold wallet.

  1. Look for Staking Opportunities to Earn Free Crypto

Several cryptocurrencies have recently initiated programs to allow crypto holders to earn rewards. You can earn rewards by staking your crypto, which means holding it in a specific crypto asset without selling or transferring the crypto for a set time.

Depending on the cryptocurrency, you may earn an annual return of about 4%, which is significantly higher than the APR for the typical savings account or savings bond. Yet, staking crypto still includes risk, as the value of the cryptocurrency may decrease over time, which lowers the value of your rewards.

  1. Look for a Platform with Low Fees for Crypto Trades

Investing in cryptocurrency involves fees. You need to pay a fee for each transfer or trade. Depending on the platform that you choose, the fees may gradually eat into your potential profits.

Compare trading platforms to avoid overpaying fees for your trades. For safety reasons, you should only compare large Canadian trading platforms that is at minimum FINTRAC registered such as Coinberry. You should also avoid overtrading. Overtrading occurs when you complete multiple smaller trades instead of one large trade. If you get charged for each trade, overtrading can drastically reduce your gains.

  1. Take the Time to Research the Cryptocurrency Industry

No matter the strategy that you use, you should take the time to research the cryptocurrency industry. You should know what you are investing in. Learn more about how blockchains work, the origins of Bitcoin, and the differences between the major cryptocurrencies.

Cryptocurrency has rapidly grown in popularity in the past few years, making it an attractive investment opportunity for many. However, investing requires caution. Take the time to consider some of the strategies discussed, such as using dollar-cost averaging to stick to an investment goal.

Haris V.

Haris V.

Haris is the Senior Tech Editor for Twollow and a noted duck fat enthusiast. He lives in Portland, Oregon with a slightly hostile cat.

Related Posts

Breathe New Life into Your MacBook
Tech

Breathe New Life into Your MacBook Pro With Battery Replacement

When it comes to maintaining a MacBook Pro, one of the most important pieces of maintenance is ensuring that you...

by John Morris
March 22, 2023
Machine and Equipment Manufacturers
Tech

Machine and Equipment Manufacturers for Industrial Development

Welcome to the world of industrial machinery and equipment suppliers. We are a leading supplier of specialized machinery, parts, and...

by John Morris
March 20, 2023
Roll Out in Style With Kia Cerato Mats
Tech

Roll Out in Style With Kia Cerato Mats

The Kia Cerato is a popular mid-size sedan that is known for its affordability and dependability. One of the most...

by John Morris
March 20, 2023
Beat the Heat
Tech

Beat the Heat Through an Expert Evaporative Cooling System Service

Evaporative cooling system services provide a cost-effective and energy-efficient way to keep your home or business cool during the hot...

by John Morris
March 20, 2023

Recommended

best coffee bean grinders

Coffee Packaging Guide for Summer 2023

March 31, 2023
plumbing contract

6 Questions To Ask A Plumbing Contractor Before Hiring One

March 31, 2023
SMM panels to enhance your social media strategy

Best practices for using SMM panels to enhance your social media strategy

March 31, 2023

Who We Are

Twollow is one of the leading tech and business blogs, that is dedicated towards updated Technology & Business news, reviews, Apps, how-to, smart tricks, and tweaks.

Follow Us

  • Facebook

Categories

  • Apps
  • Business
  • Education
  • Featured
  • Finance
  • General
  • How To
  • Marketing
  • Reviews
  • Security
  • Tech
  • Uncategorized

Top Posts & Pages

  • 100+ Free Premium Minecraft Accounts & Passwords (Tested 2023)
    100+ Free Premium Minecraft Accounts & Passwords (Tested 2023)
  • Hemp vs. Cannabis - what’s the difference?
    Hemp vs. Cannabis - what’s the difference?
  • How Much Weight is Allowed in a 20 ft and 40 ft Container?
    How Much Weight is Allowed in a 20 ft and 40 ft Container?
  • Coffee Packaging Guide for Summer 2023
    Coffee Packaging Guide for Summer 2023
best coffee bean grinders

Coffee Packaging Guide for Summer 2023

March 31, 2023
plumbing contract

6 Questions To Ask A Plumbing Contractor Before Hiring One

March 31, 2023
SMM panels to enhance your social media strategy

Best practices for using SMM panels to enhance your social media strategy

March 31, 2023
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Disclaimer
  • Cookie Privacy Policy

No Result
View All Result
  • Home
  • Security