What Is Cryptocurrency and How Can You Make Money with Cryptocurrency Investment?

Have you ever wondered about cryptocurrency investment strategies?

If not, then it is the time that you should.

Money is an important thing in the world.

While it is not something that you can directly consume, it acts as the medium that people use to get what they need.

Every day, money is exchanged between buyers and sellers.

This is in order for a person to have what he wants.

Money can buy every material thing.

From food to shelter and clothing, money is used every single day.

With the advancements in the internet, purchasing products online are now possible.

Users can simply link their credit cards to an online site.

They can then use this to get whatever product or service they want.

In seconds, transactions are made.

For a lot of people, this has been a great advancement.

Especially if you have a busy and hectic schedule.

Online transactions have truly made things easier.

You can get whatever you want through your computers or smartphones.

But have you ever heard of cryptocurrency?

In the recent years, this term has been gaining more popularity in the digital world.

In 2017, cryptocurrency has boomed even more.

Because of this, even the news media and governments pay attention to it.

What Is Cryptocurrency?

Different Cryptocurrencies

In simple words, cryptocurrencies are virtual currencies.

There have been numerous attempts since the nineties to create a digital currency.

However, these attempts failed for various reasons.

Most common reasons are fraud, company issues, and financial problems.

It was only in 2008 when a person under the alias Satoshi Nakamoto introduced Bitcoin.

He was able to create a digital currency successfully.

Bitcoin is a ‘peer-to-peer electronic cash system’.

Unlike the first attempts at creating digital currency, Bitcoin was able to continue running up to present.

The main reason is that there is no single authority that controls everything.

This process is “decentralization”.

Every user is responsible for everything that is happening.

In essence, Bitcoin sharing is like sharing files in between peers.

Cryptocurrencies are created through the process called “mining”.

Mining involves powerful computers to solve algorithms and numbers.

Currently, for Bitcoins, they are solved and created at the rate of 25 coins every 10 minutes.

The number of Bitcoins will reach its cap at 21 million which is expected to be reached by 2140.

During this time, it is expected that all algorithms would have been solved.

What Can Cryptocurrencies Do?

When cryptocurrencies started, there was not much it could do.

Online merchants and sellers seldom accept cryptocurrency as a medium of payment.

Nowadays, however, cryptocurrencies has become widely accepted.

For example, the Apple store has authorized at least 10 types of different cryptocurrencies.

You can use these cryptocurrencies to purchase anything from the Apple App Store.

In some countries, cryptocurrencies can even be used to make offline purchases.

You can use them as payment in bars, restaurants, hotels, etc.

There are even marketplaces like OpenBazaar that exclusively accepts only cryptocurrencies.

It can be seen that from 2009, this medium of payment has become widely used and accepted.

Should You Engage in Cryptocurrency Investment?

A lot of individuals believe that cryptocurrencies are the newest investment opportunity.

If you watch the news, cryptocurrencies made the headlines of news channels.

This is because of the high value that they have.

There have been numerous stories of individuals becoming millionaires just by investing in cryptocurrency.

Currently, Bitcoin is still the most popular cryptocurrency all over the world.

It had the value of about $800 per bitcoin at the beginning of 2017.

This value spiked to $7,000 by early November of the same year and continues to spike.

The second most popular cryptocurrency, called Ethereum, has also received a fast increase in value.

Accordingly, Ethereum had a 2,700 percent increase from its past value in 2016.

If you have been asking yourself whether you should join in on the bandwagon of engaging in cryptocurrency investment, there are a few things you must know.

People from various countries have started investing in cryptocurrency for investment.

They see this as a way of protecting their assets from the continuing devaluation of their currencies.

Businesses and companies have also realized the importance of cryptocurrency.

They understood that having a cryptocurrency investment will give them an edge.

As an individual, you should realize beforehand that this is not a normal type of investment.

It is not something that you can have on paper.

When you lose your investment, you cannot get it back.

  • Cryptocurrencies Can Be Outlawed

Cryptocurrencies are not regulated by a central authority like the government or a bank.

Because of this, governments can easily outlaw them.

In this case, it will be difficult to use cryptocurrencies in your country.

Furthermore, the value of cryptocurrencies will also decrease.

Countries like Bangladesh, China, Bolivia, Kyrgyzstan, Nepal, Morocco, and Ecuador have banned using digital currency.

A country that bans a cryptocurrency means you cannot use it for any type of transaction.

Recently, the governments of Russia and Korea are also considering banning cryptocurrency.

  • Cryptocurrencies Can Be Stolen

While cryptocurrency uses cryptography or encryption, it is still susceptible to hacking.

There are numerous instances of cryptocurrency owners whose coins are stolen.

Once cryptocurrencies are stolen, there are no chances of getting them back.

  • Cryptocurrencies Are Unstable

With cryptocurrencies, you will never have the assurance and stability.

The value of coins that you have in your wallet will always change.

One day it can have a high value, but it can go down to zero the next day.

The value of cryptocurrencies is wholly dependent on the amount that investors are willing to pay.

Because of this, you should never invest a huge portion of your money or your savings on cryptocurrency.

Doing so can lead to losing all your money once the value goes down to zero: Is Bitcoin Mining Profitable or It Is Wasting of Time and Money?

What Are the Cryptocurrency Investment Strategies?

If you want to invest your money in digital currency, you should know various cryptocurrency investment strategies.

This can prevent you from losing all your digital currency investments and going bankrupt.

As we have said, the fluctuation of cryptocurrency is faster than regular currency.

A coin that is worth $100 can increase to $1000 in a few days.

In the same manner, it can crash down to having a value of a dollar the following day.

It is then important that an investor is aware of the risks with cryptocurrency investment.

Cryptocurrency is like a game where you can either win or lose.

1) Learn Everything About Cryptocurrency

The first and most important cryptocurrency investment strategy starts with education.

You cannot expect to join the world of cryptocurrencies without understanding anything about it.

It may be tempting to just go ahead and invest.

This is true especially if you have the money to purchase coins.

But not knowing about this type of market will only lead to losing thousands of money.

Learn about cryptocurrency, how trades and investment work, and the purpose of digital currency.

Since you will be buying coins with real money, you should understand the risks of investing.

You should understand as well as what you can do to avoid losing your investment.

There are millions of forums and articles explaining everything you need to learn about cryptocurrencies.

Take the time to read them and understand how they work fully.

If you know someone who has been investing in cryptocurrency for some time, seek advice from him.

He will be able to explain things to you and show you what to do.

If you are unable to understand the basics of cryptocurrency, you should avoid investing in this market altogether.

2) Invest Only in What You Can Afford to Lose

The first cryptocurrency strategy that you should understand is that you should only invest the amount you are willing to lose.

Since investing in cryptocurrency is very much like gambling, you won’t know what will happen.

You can either win or lose everything.

Steep crashes in cryptocurrency have happened before.

As such, there is no assurance that it won’t happen again.

Given this, you should never invest all your saving in cryptocurrency.

You should start out by investing a small amount then gradually increase.

Never place all your savings on investing in cryptocurrency.

3) Research the Cryptocurrency You Will Be Investing In

There are thousands of cryptocurrencies that people can use currently.

With this, it is easy to become a victim of a scam.

There are hundreds of crypto projects that only have the aim to deceive investors.

A beginner can easily buy coins from a crypto project and end up losing all his investment.

To prevent this, it is important that you choose the right cryptocurrency.

It can be tempting to invest in cheap coins.

One may easily think that the value will increase after some time.

However, new cryptocurrencies that have not been around for long tend to lose value easier.

To prevent this, research about coins that have good track records.

Make sure that they have lasted for at least a year and have a good number of users.

Reviews of cryptocurrencies are available everywhere online.

You must always take the time to read them.

4) Buy Low Then Sell High

For this cryptocurrency strategy, one must have extreme patience.

The key to this is simple, buy coins when their prices are down or at their lowest.

Wait for a time when the value of the coin has increased.

When it has,  use this to trade or sell your coins.

This strategy may sound simple.

But you have to know that values can take some time to increase.

You cannot expect to have your purchased coin increase its value in a few days.

Most successful investors have had their coins stored for a period of time.

They wait for it patiently to increase its value as more individuals are willing to invest.

5) Don’t Try Day-Trading

In line with holding your investment, you should stop yourself from day trading.

This means trading a number of your coins within just a number of days.

You should be patient and learn to hold your investment in your wallet.

Wait until the value has significantly increased.

While it may be enticing to trade coins on a daily basis, doing so will only make you lose your money.

No matter how the value of coins increase or decrease in a  single day, you should learn to leave it be.

Stop yourself from constantly watching your coins and investment.

6) Have a Secure Wallet

When you buy coins or exchange them, it is never safe to keep them there.

Keeping your coins on an exchange site is very susceptible to hacking.

Make sure that you have the right device to keep your coins safe while waiting for the value to increase.

The best way to do this is by getting a cryptocurrency hardware wallet.

You can have this as an addition to your online wallet.

Hardware wallets keep your coins and your keys safe.

This keeps them secure to prevent hackers from accessing them.

The reason behind this is that you can store your cryptocurrency offline.

7) Track Your Coins

Since you will be investing your money into cryptocurrency, you should know how to track.

An important cryptocurrency investment strategy is knowing how your coins are doing.

You should have a software or site that will let you keep track of all the trades and investment that you contact.

Sites like CryptoCompare will let you easily monitor your trades.

Doing so will let you easily account your investments and transactions.

8) Never Buy or Sell Based on Your Emotions

For first-time cryptocurrency investors, the constant changes in the values of coins can easily affect you.

Watching the changes in value can tempt you to buy or sell coins on impulse.

As such, never let your emotions get to you.

You should not panic and sell all your coins when you see that prices have been dropping.

Investing in cryptocurrency means you are willing to wait for long-term results.

The right cryptocurrency investment strategy is to wait for the price to drop.

When this happens, you should buy more.

You should never risk selling when prices are low.

Simply put, if you cannot manage your emotions with this type of fluctuating market, you should not invest at all.

Being emotional in investments is a sure way of losing money in a matter of days.

9) Have a Diverse Portfolio

If you are really keen on investing in cryptocurrency, you should have a diverse portfolio.

This means you should not invest in a single place.

While it seems right to invest everything in the most valuable cryptocurrency like Bitcoin, doing so can be very risky.

As we have said multiple times, the value of one cryptocurrency can change drastically.

If you place all your investments in a single cryptocurrency, you can lose all of your money when it goes down.

To prevent this, diversify your portfolio by investing in various types of cryptocurrency.

Take note that you should not go ahead and invest in ALL the cryptocurrencies.

It is important to be picky when investing.

The right cryptocurrency investment strategies entail that you invest on the right ones.

This means you should only invest on those listed on the Top 10.

Doing this strategy will lower your risk of losing your investment.

When one cryptocurrency loses value, you won’t risk all your investments.

There is also the chance that when one goes down, another will go up.

In this manner, you will always have coins that have a high value.

10) Join Cryptocurrency Forums

Joining cryptocurrency forums is one way you can keep watch over what’s happening in the cryptocurrency market.

You cannot simply invest and not know what is happening in this market.

Cryptocurrency forums will let you see new projects.

You will also see how other users are faring with their own investments.

If you have been wondering why coins are staying low for some time, you should browse online forums.

It is most probable that these topics are already being tackled in them.

Doing so will help you understand things better.

You will also have a better peace of mind on what to do.

Use a two-factor authentication

If you think that having a password to any of your online accounts already provides you security, then you’re wrong.

Passwords can be easily hacked especially if you open your accounts across multiple devices.

To prevent hackers from accessing your accounts, use a two-factor authentication.

This type of authentication provides double protection from hacking.

Two-factor authentication involves entering the first password like you always do.

After this, you will enter the second one.

The second password is given to you by authenticators like the “Google Authenticator”.

The codes that you receive changes every 30 seconds.

This means that no two codes will be given to you whenever you log in.

In this manner, hackers cannot easily access your cryptocurrency wallet.

The only way they will be able to do so is if they manage to steal or access your phone.

Should You Invest in Cryptocurrency?

This article has been saying from the start that investing in cryptocurrency is a  risky matter.

It is not something for someone who makes drastic decisions.

Cryptocurrency investment is not for someone who does not have the patience to wait.

The cryptocurrency investment strategies above serve as a  guide that beginners can use and apply.

Following each strategy will increase the chances of a new investor to increase the value of his investment.

You need to prepare yourself to face the risks and changes in cryptocurrency.

If not, you better stay clear of this market than risk losing valuable money.

Cryptocurrency as an investment is something that can either make you gain or lose money.

It is important that you understand everything before jumping in.

SERP or Search Engine Results Page Features and Importance

Have you ever heard of a SERP?

Every day, thousands of individuals all over the world turn to the internet.

They use this to get a quick answer to their queries.

This is understandable given how fast and easy it is to use the internet.

From getting help on a particular recipe, finding a specific product, to navigating your way in an unfamiliar location, the internet has made things easier for a lot of people.

Gone are the days when using the internet is only for those who have desktops in their home or offices.

Over the years, the internet has improved drastically to help individuals by providing easy access to various fields of knowledge.

With the continuous advancements in smartphones, one can easily access the internet wherever they are.

As long as you have a data connection or Wi-Fi, you can connect to the internet.

By simply typing in your query into the search engine, the internet will provide you with hundreds, if not thousands, of answers.

The web page that appears after keying in your keyword query is the Search Engine Results Page or SERP.

A Sample of a SERP or Search Engine Results Page

How Does a Search Engine Results Page or SERP Work?

The page that comes up after putting in your keyword in the search engine is the “Search Engine Results Page”.

Most people often just call this as the “results page”.

SERPs work simply.

Just type in your keyword or query into any search engine like Google, Yahoo, or Bing and it will automatically bring you to a Search Engine Results Page that corresponds to your keyword.

The results on the SERP lists are the response of the search engine from the keyword or phrase that you type in.

The list of results is ranked according to how relevant the answers provided by a site to your query.

Almost always, every search query will result in thousands of results that can go for a number of pages.

A keyword can range from a single word such as “bicycle” to a more specific one like “How do I repair and clean my bicycle?”

Shorter keywords will have a higher number of SERPs while longer and more specific ones will often be lesser.

Every different phrase typed into a search engine will result into a different SERP.

Try adding or removing a word from your keyword phrase and you will notice a change in the results listed on the SERP.

Generally, the listed results will include the link to the pages or sites, short descriptions, and the title of the website.

Are All SERPs from Different Search Engines the Same?

All SERPs from different search engines are unique.

Even though the results may be same when you search on Google and Yahoo, there will still be differences.

The reason behind this is because every search engine has its own customized enhancements.

Factors such as a person’s location, linked social settings, and browsing history can all affect how enhanced a search engine is in providing results.

Search engines are always in a constant process of enhancement experiments to provide better search results.

Their goal is to provide better search results for users.

This makes their search engine more convenient for giving quick answers.

As such, the competition between search engines is with regards to which can provide better results.

What Are the Factors That Can Affect a SERP?

Is it possible for two individuals to have the same search query and get different results?

The simple answer is yes.

There are different factors that can affect the results listed on the SERP such as the location and device used.

The following are the most common factors that can affect the results listed on a SERP:

1) Previous Searches on the Same Device or Browser

Internet browsers like Google have a way of keeping date made by users regarding the past searches that they made.

If you did not clear your browser cookies and cache before conducting your search query, it is most likely that your browser will provide you results based on the past searches that you made.

The algorithms on your browser and on Google will assume that the keywords that you are searching for at present relate to the searches that you made before.

This is especially more applicable if you have entered the same keyword a couple of times or more.

As an example, if you search for an item and proceeded to an online store’s website and click on links from there, Google will assume that this result is relevant and useful to you.

On your next search query, Google will then present the link to the online store’s website on the top of your SERP.

If you want to have different search results on your SERP, you can clear your browser’s cache and cookies.

You can also choose using an incognito window on chrome or set your browser to ‘private’.

2) Location

Search engines, especially Google, rely on location services a lot to provide better search results to users.

When you search for a service or a restaurant, you will often find services and restaurants that are nearest you on top of the list.

Oftentimes, Google will even provide a Map to show your proximity to these results.

This can be beneficial for users since they can see which are nearest them and would be able to get the services sought for faster.

This is also advantageous for local businesses since users will most likely prefer choosing them if they are closer.

On the other hand, bigger businesses that do not have local locations but operate nationally will be affected negatively.

Another way of checking how location can widely affect your SERP is when you visit other locations or countries.

Automatically, even if you search for the same keyword like “best hotels”, there will be different results.

The list of best hotels you searched for in your hometown will be different from the results even if you put in the same keyword while you are in China.

3) Keywords Used in Your Search

Of course, the type of keywords that you put in the search engine will have a huge effect on the results.

By simply putting in “image” or “video” along with your keyword, the results will be very different if these terms are not present.

Putting in “image” on the keyword query will put top image results on the SERP.

This is because the search engine will assume that you are looking for images.

Another thing is when you place a specific name of a product that is currently shopped for by a number of people.

The search engine will assume that you also have interest in purchasing said product.

It will therefore place online shopping sites where you can do your shopping.

What Are the Different Components of a Search Engine Results Page?

Search engines like Google provide different answers depending on a specific query.

Oftentimes, there are different components in a single SERP.

The following are the most common components that you can find in a SERP:

1) Organic Results

Organic results that appear on SERPs are generated by search engines depending on their relevance to a search query.

Generally, websites that have a high-quality content that is informational to users rank high on SERPs.

Different algorithms of every search engine have their own way of determining how relevant a website’s content is to a specific keyword.

The more relevant a search engine sees a website’s content is, the higher it is on the SERP.

Other factors that can affect a website appearing on top of a SERPs organic list is its trustworthiness or how often people visit a site for reference.

Basically, the higher amount of traffic on a website means that more people trust it.

This is the reason why websites try to attract more people to visit their sites through other means like social media and advertising to create more traffic.

2) Paid Advertisements or Sponsored Results

Major search engines like Google and Bing accept have paid listings that come up on SERPs.

For businesses, especially those that are still starting out, going into this form of advertising guarantees that their site is on top of the Search Engine Results Page.

3) Images and Videos

Search engines, especially Google, will try to show relevant images and videos to your search query.

Images and videos are often found on top of the SERP.

When you search for a car model, images and videos of the said car will appear on the results.

4) Search Suggestions

Found at the bottom of the SERP, search suggestions are just what they are.

They provide alternative keywords or phrases from the one that you entered to the search box.

These search suggestions try to optimize your search based on what other people have also searched the internet.

5) Related Questions

Related questions are usually located on the top of a SERP,

The related questions box list four or more questions that the search engines think can be related to your query.

Most of the time, people don’t type in the complete keyword or phrase.

This can result in a list generated on the SERP which is different from what the user is searching for.

The related questions box will generate questions that relate to your question and are very helpful.

It comes with a drop down box that you can click.

This drop-down box contains a snippet from a top-ranking site much like a featured snippet box.

When you click on a related question, you will be taken to the page that is featured.

6) Featured Snippets

On top of the organic results are the featured snippets.

Most of the time, the answer inside a snippet box comes from one of the top five site links on the first page of a SERP.

Having your site inside a snippet box is advantageous.

Featured snippets may get users to click the link to go to your site.

This depends on whether or not a user has already gotten the answer from the snippet or not.

Still, for a business to land in a snippet box will most likely give them credibility and better visibility than others.

7) Local Pack

Search queries that are location specific provide different results depending on your location.

With this, local businesses find a SERP’s Local Pack very important since it shows users the proximity of a business or service to where they are.

The local pack takes up a huge space on the screen and is very noticeable because of its map image with pins that indicate the locations of local businesses.

8) Knowledge Graph

When a SERP comes up on Google, there is a panel on the right of the page where you can find information about your query.

This box is the “knowledge graph” and come from Google itself or a third party source.

Knowledge graphs provide quick answers and information so a user will no longer have to click on a link.

Most of the time they appear when you type a question that seeks information.

When you type a title of a movie or a president, you will see a knowledge graph that contains quick information about your query.

9) Answer Box

Much like the Knowledge Graph, the SERP Answer Box aims to provide a short and quick answer to a question.

Specific questions like “what is the temperature in Canada today” will show an answer box on the first Search Engine Results Page.

Other specific questions about events, facts, personalities, etc. will produce different types of answer boxes.

This SERP component can be very helpful for users since they will no longer have to open new pages.

However, businesses will not gain anything from it if they want people to visit their site.

10) Product Listings

When you type in an item or a name of a product, a product listing will come up on your SERP.

This is a form of advertisement that is more effective in having users to click them.

Product listings feature a number of advertisements that are most relevant to your search query.

When you search for the keyword “latest iPhone model”, you will get a product listing located on top of the SERP.

The list will include product images, prices, and links to various sites that sell the product.

Sometimes, a review score from users is also present.

Why Is It Important to Rank High on the Search Engine Results Page?

For businesses and companies, it is very important to rank high on the Search Engine Results Page.

A website’s ranking on the SERP is the page rank.

The more relevant your site’s content is to a particular keyword, the higher your page rank is.

Landing on the first page of the SERP is very important.

This is especially true for businesses who want to have more traffic on their sites.

Not only because the search engine sees you as relevant but because individuals will be more likely to visit your site when you are on top.

For example, being on the first page of the Search Engine Results Page and on top of the list will mean that somebody will click on your site to read your content.

Sites that are on the tenth page are often no longer seen by users.

Why?

If a person is looking for fast and quick answers through the internet, he will click on the first item on the list.

He will not have the time to go through page after page and read what each site has to say.

When somebody types in “best Chinese restaurant in town”, the first result on the SERP will most likely be clicked and visited.

A person will believe that the first result on the list is the best which is why it is on top.

Otherwise, it will not be there.

According to some studies, more than 80% of internet users won’t go past the first Search Engine Results Page.

This is the reason why businesses and companies focus on making their sites rank high by using various techniques like Google Ads and Search Engine Optimization (SEO).

Now that you know the basics about the Search Engine Results Page, you have a better idea of its importance.

It works both ways where a user can get better and faster results.

On the other side, businesses and companies can better optimize their sites and pages.

Doing so will help them rank higher and land on the first page of a SERP.