Lazy Crypto Investing: How to Earn Money by Doing Nothing
A few years ago I shared my story of how I made some money through crypto investments. One of the somewhat snarkier responses was that I was just lucky because I had started early.
This person wasn’t entirely wrong.
After I almost fell on my face with trading a few times, my recipe was simple. I bought some cryptos and then… I didn’t do much.
Well, there was a little more to it and that’s what this article is about. So here comes my little guide to lazy crypto investing.
What is Lazy Crypto Investing?
Lazy Crypto Investing is a straightforward, long-term strategy for investing in cryptocurrencies with minimal management. It’s based on the idea that despite the ups and downs of the crypto market, holding onto investments for a long time can lead to significant gains.
This approach is great for those who don’t have the time or know-how for frequent trading, or who prefer a more relaxed investing style. Lazy Crypto Investing involves investing in a mix of different cryptocurrencies and not quickly reacting to market changes. This helps avoid the risks of quick, emotion-driven trading decisions.
And it pays off.