Economy
Making Money with Cryptocurrencies and Alternative Assets Wisely
With the emergence of cryptocurrencies and alternative assets, the prospect of increasing your fortune has never been more alluring. “What if you could turn your digital assets into real wealth?” Regardless of your level of expertise, knowing how to operate in this ever-changing industry is crucial. A thorough grasp is necessary to navigate the complexity of alternative assets, and making the proper connections with the right resources can make all the difference. Go quantum-ai.trading is a cutting-edge platform that connects traders with knowledgeable insights, improving their experience in these ever-changing markets. This manual will guide you through tried-and-true tactics, potential hazards, and creative methods to profit from the growing realm of digital wealth.
Understanding Cryptocurrencies
Cryptocurrencies have emerged as a revolutionary force in the world of finance, offering decentralized digital currencies that are not controlled by any central authority. Bitcoin, Ethereum, and other digital assets have garnered significant attention as potential ways to store and grow wealth. The first step in making money with cryptocurrencies is understanding their core principles and functionality. Unlike traditional currencies, cryptocurrencies rely on blockchain technology—a decentralized ledger that records all transactions.
Many investors see cryptocurrencies as a high-risk, high-reward venture. The volatility of the market means that prices can skyrocket or plummet quickly, creating opportunities for both large profits and significant losses. However, with careful research and strategic planning, cryptocurrency investors can capitalize on these fluctuations.
Trading Cryptocurrencies
One of the most popular ways to make money with cryptocurrencies is through trading. This involves buying and selling digital currencies on exchanges, aiming to profit from price movements. Traders typically use two main strategies: day trading and swing trading.
Day trading refers to making multiple trades within a single day, capitalizing on short-term price fluctuations. This strategy requires constant monitoring of market conditions and a keen sense of timing. Successful day traders rely on technical analysis, using charts and indicators to predict price movements.
Swing trading, on the other hand, involves holding assets for a few days or weeks, aiming to profit from medium-term price swings. Swing traders typically focus on market trends, news, and other factors that could influence the value of a cryptocurrency.
Both approaches require skill, experience, and risk management. Beginners should start small and gradually increase their positions as they gain confidence and expertise in the market.
Mining Cryptocurrencies
Another method of earning from cryptocurrencies is through mining. Mining involves using computer power to solve complex mathematical problems, securing the blockchain network, and verifying transactions. In return for this work, miners are rewarded with newly minted coins.
Mining can be done individually or by joining a mining pool, where resources are shared among multiple participants to increase the chances of solving a problem and receiving rewards. While the rewards may seem appealing, mining can be resource-intensive, requiring expensive equipment and substantial electricity costs. As a result, it may not be suitable for everyone, particularly those with limited access to affordable power.
However, for those with the right resources and knowledge, mining can be a lucrative venture. It’s essential to consider the upfront investment in hardware and the ongoing costs of electricity before diving into mining.
Investing in Alternative Assets
While cryptocurrencies have gained popularity, other alternative assets also present opportunities for profit. These include commodities, real estate, precious metals, and collectibles. Investing in these assets can offer diversification and hedge against traditional market risks.
Commodities, such as gold, oil, and agricultural products, can be profitable investments, particularly during times of economic uncertainty. Investors can purchase commodities directly or use derivatives such as futures contracts, which allow them to speculate on price movements without owning the physical goods.
Real estate is another alternative asset that has long been a popular investment choice. Investors can profit by purchasing property and renting it out or flipping it for a profit. Real estate investments tend to provide long-term returns and are often seen as a safer bet compared to more volatile assets.
Precious metals, such as gold and silver, are considered a store of value. Many investors turn to precious metals during periods of inflation or market instability. These assets can be bought in physical form, such as coins and bars, or through exchange-traded funds (ETFs) that track the price of metals.
Finally, collectibles, such as rare art, vintage cars, and limited-edition items, can be valuable assets. However, investing in collectibles requires specialized knowledge and an understanding of the market’s trends. While some collectibles can appreciate significantly in value, others may not provide the same return on investment.
Diversification and Risk Management
When exploring cryptocurrencies and other alternative assets, diversification is crucial. Rather than focusing solely on one asset class, investors should spread their investments across various sectors to mitigate risk. Diversifying helps balance the potential for gains with the protection of capital.
Risk management is equally important when investing in high-risk markets like cryptocurrencies. Setting stop-loss orders, only investing what one can afford to lose, and keeping a close eye on market trends are all strategies that can help minimize potential losses. Being prepared for the possibility of volatility can help investors stay calm and make informed decisions during turbulent market conditions.
Long-Term Investment Strategies
For those looking to make money with cryptocurrencies and other alternative assets, long-term investment strategies can be just as rewarding as short-term trades. Holding assets for an extended period, also known as “HODLing” in the cryptocurrency world, allows investors to ride out market fluctuations and potentially reap larger rewards in the future.
By carefully selecting promising assets and maintaining patience, long-term investors can benefit from the compounding effects of their investments. This approach often requires less active involvement than day trading or swing trading, making it an attractive option for those who prefer a more passive investment style.
Conclusion
“The upcoming era of finance is digital—will you join it?” With the ongoing transformation of the investment landscape by cryptocurrencies and alternative assets, the opportunity to generate wealth is unmatched. By keeping yourself updated, broadening your investments, and implementing wise financial strategies, you can discover new paths for economic advancement. Welcome the future, and begin to have your money earn more for you now.
By Aduragbemi Omiyale
Stanbic IBTC Nominees Limited has been commended for its critical role in the Nigerian capital market, especially for safely keeping non-pension assets.
For the past 30 years, the company has provided custody services in Nigeria, and to celebrate this milestone, it was honoured with a closing gong ceremony at the Nigerian Exchange (NGX) Limited.
The milestone reflects the institution’s longstanding contribution to investor confidence and the continued development of the nation’s capital market.
Welcoming the organisation to Customs Street, the chief executive of NGX, Mr Jude Chiemeka, commended its three decades of custody services, recognising the firm’s role in strengthening investor confidence and enhancing market safety.
He highlighted NGX’s continued investment in technology, which he said has enabled over 2.6 million active retail investors to trade on the platform.
“Technology continues to be at the heart of our strategy,” Mr Chiemeka said, noting that a vibrant and secure marketplace remains essential to investor participation.
In his remarks, the chief executive of Stanbic IBTC Bank, Mr Wole Adeniyi, thanked NGX for its continued partnership, saying, “We are thrilled to be here today, commemorating not just our journey, but also the remarkable progress made by the NGX.”
He noted that the collaboration between the two institutions has continued to drive innovation, product development and thought leadership across the industry.
“We are dedicated to raising standards within the industry as part of Standard Bank Group. Our focus remains driving the growth and development of Nigeria’s capital market. Indeed, Nigeria is our home, and we drive her growth,” he added.
The chief executive of Stanbic IBTC Nominees, Mr Babatunde Majiyagbe, reflected on the evolution of the business from the era of physical share certificates stored in fireproof vaults to today’s fully dematerialised market, where securities are held electronically.
“We started with holding custody of physical certificates, investing in vaults with fire and dust protection, so those certificates could be presented when needed,” Mr Majiyagbe recalled, noting that while the market has evolved significantly, the commitment to service excellence has remained unchanged.
“What has endeared a lot of investors to the market is that they are dealing with a reputable organisation like ours. We are high on good governance, and high on technology, making the process of investment in Nigeria easier,” he said.
Mr Majiyagbe added that Stanbic IBTC Nominees’ role goes beyond just attracting foreign portfolio investment (FPI) and capital.
“For us, it’s not just about FPI; but also about the value we have delivered over 30 years. Stanbic IBTC Nominees continue to be the eyes and ears of foreign and domestic investors in our market,” he stated.
Mr Majiyagbe added that the firm has also supported the development of market rules and safeguards, noting: “We have, over the years, advocated for growth, change, transformation and stability in our capability to provide services to domestic and foreign portfolio investors continuously.”
The deputy chief executive of Stanbic IBTC Bank and Chairman of Stanbic IBTC Nominees, Mrs Bunmi Dayo-Olagunju, said the next phase of growth will build on the institution’s legacy of trust.
“For 30 years, we’ve delivered growth, security, and client confidence. That’s why investors have stayed with us and why new business keeps coming.
“Our target for this new phase of growth is simple: build on that trust and ride the acceleration in Nigeria’s economic activity.
“With custody, settlement, capital raise, and advisory integrated on one platform, we’re not just a custodian. We’re an infrastructure. We look forward to building on that trust for generations to come, serving both local and international clients. Hopefully, we’ll have another 100 years of maintaining that trust with local and international markets,” Mrs Dayo-Olagunju said.
By Dipo Olowookere
The positive market breadth index recorded by the Nigerian Exchange (NGX) Limited could not save it from further claws of the bears on Friday.
The major performance indicators, the All-Share Index (ASI) and the market capitalisation, depreciated by 0.03 per cent and 0.01 per cent, respectively.
The ASI was down by 78.58 points to 245,283.68 points from the previous day’s 245,362.26 points, and the market capitalisation receded by N14 billion to N158.326 trillion from Thursday’s N158.340 trillion.
Business Post reports that market participants traded 943.0 million equities valued at N46.7 billion in 55,480 deals compared with the 2.1 billion equities worth N230.8 billion transacted in 48,231 deals a day earlier.
This implied that the trading volume shrank by 55.10 per cent, the trading value reduced by 79.77 per cent, and the number of deals surged by 15.03 per cent.
An analysis of the sectoral performance showed that the consumer goods space crashed by 0.60 per cent and the energy index went down by 0.09 per cent.
However, the banking sector improved by 1.90 per cent, the insurance counter expanded by 0.75 per cent, and the industrial goods segment soared by 0.10 per cent.
There were 33 appreciating stocks and 29 depreciating stocks during the last trading session of the week and month of July, indicating bullish investor sentiment despite the poor outcome.
CAP lost 9.97 per cent to trade at N128.25, Veritas Kapital depreciated by 9.49 per cent to N1.43, Vitafoam Nigeria slipped by 7.70 per cent to N179.80, The Initiates dipped by 6.67 per cent to N28.00, and NAHCO crashed by 6.63 per cent to N155.00.
Conversely, Eterna gained 10.00 per cent to sell for N33.00, Consolidated Hallmark also grew by 10.00 per cent to N8.36, McNichols expanded by 9.52 per cent to N5.75, Honeywell Flour increased by 8.96 per cent to N18.25, and First Holdco chalked up 8.00 per cent to quote at N129.55.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange extended its bullish run on Friday, July 31, by 0.99 per cent.
This raised the NASD Security Index (NSI) by 43.54 points to 4,431.71 points from 4,388.17 points, and lifted the market capitalisation by N26.13 billion to N2.659 trillion from N2.633 trillion.
The growth came amid a significant decline in the activity level, as the volume of securities decreased by 73.0 per cent to 690,990 units from 2.6 million units, the value of securities slid by 15.0 per cent to N75.0 million from the preceding session’s N88.3 million, and the number of deals contracted by 31.6 per cent to 26 deals from the 38 deals recorded a day earlier.
The most active stock by value on a year-to-date basis remained Great Nigeria Insurance (GNI) Plc, with a turnover of 3.4 billion units valued at N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units sold for N6.5 billion, and Central Securities Clearing System (CSCS) Plc with 76.6 million units exchanged for N5.5 billion.
The most active stock by volume on a year-to-date basis was also GNI Plc, with the sale of 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.
Investor sentiment was bullish yesterday after a positive market breadth index triggered by five price gainers and two price losers, led by 11 Plc, which gave up N14.99 to close at N225.01 per share versus the previous day’s N240.00 per share, and MRS Oil Plc, which shed N14.55 to settle at N132.00 per unit versus N146.55 per unit.
However, Nipco Plc gained N41.50 to sell at N456.50 per share compared with the preceding session’s N415.00 per share, FrieslandCampina Wamco Nigeria Plc appreciated by N12.93 to N147.93 per unit from N135.00 per unit, Nitrox Industrial Gases Plc improved by N1.00 to N20.00 per share from N19.00 per share, CSCS Plc soared by 54 Kobo to N102.00 per unit from N101.46 per unit, and Industrial and General Insurance (IGI) Plc jumped by 1 Kobo to 50 Kobo per share from 49 Kobo per share.
