So you pulled the trigger and bought some Bitcoin, but now what? Well you definitely have options here. First thing is HODL! (inside crypto joke, Google it). This means to hold your Bitcoin. This is definitely a great idea. As the price of Bitcoin raises so does your investment. In January of 2017 you could have bought 1 Bitcoin for under $1000. Today that Bitcoin is worth $11,600. I’d say that was a good investment!
Another option is to buy alternative coins or alt coins. Bitcoin is a crypto currency and there are many many crypto currency out there. Most people buy alt coins in hopes it’s the next big coin and the value raises just like Bitcoin has, and then just retire off the profit made. The hard thing is finding that coin in the midst of the hundreds of coins out there. Under Investor Tools are some of my favorite coins right now.
Last would be to take some of your Bitcoin and invest in HYIP (high yield interest programs). These programs have a high return on investment but are high risk. Some higher risk than others. These programs can make you a lot of money in a small amount of time. There is also a high chance you can lose your money. So only invest what you can lose.
Smart investing!!!!!