Can Passive BitCoin Investments Make You Money? Review

Cryptocurrencies have grown from a subject only discussed by ‘nerds’ on forums, into something far vaster with much greater implications. Implications so great that the largest central bank in the world, the Federal Reserve of the United States, has been researching their gravity and how they should be considered
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Yet beyond the power these alternative digital currencies might have in reshaping the global economy in the coming years, in the recent past and immediate future they have created some very rewarding investment opportunities. There are literally thousands of people who BitCoin (BTC) has turned into millionaires. It’s impossible to calculate how many people have been able to earn many thousands of dollars, equivalent to massive percentage returns, as a result of their investment in this particular cryptocurrency.

Trading BTC across the major exchanges has turned into something not at all unlike the New York Stock Exchange and all of the complexities and intricacies involved in its day-to-day operation. BitCoin is traded like a commodity (e.g. – gold, silver, oil, etc…), where the price is driven by what traders believe its’ value to be…a measure usually made by market conditions across the other commodity and stock exchanges across the world.

However, at this point, because BTC has already inflated in value so greatly, the only way to make consistent daily profits from it (or from the other cryptocurrencies) is to day-trade it, just as each day tens of thousands of day-traders try to make their living off stocks and bonds. The fluctuations in the prices of these currencies allows traders to profit from every dip and every climb the currencies make on the open market. Yet, despite the profitable opportunities that arise each day on the BTC (and other crypto-currency) markets, it takes a skilled trader with entire days to commit to staring at charts for this to come into fruition. Once again the same is true of the stock market…which is why mutual funds and hedge funds have become such large institutions; while you’re working the job you’re good at, you give them some of your money so they can do what they are good at and turn that money into more money.

In the BitCoin world, a few services akin to these funds have arisen, where you give them coin rather than cash to trade and earn a profit for you. The most popular of these crypto-currency funds, by far, is one that goes by the name “cryptonus“.

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