One of the best ways to make money with Litecoin trading is the simple buy-and-hold strategy. By hold, we mean to hold, for a duration of several months to several years. To avoid paying higher tax fees on investment profits, try to hold investments for no less than 12 months. Had you bought $500 worth of Litecoin at the start of 2020 last year, it would be worth over $2,100 today.

Cryptocurrency trading brings forth unforeseen market conditions, such as increased volatility and a market significantly influenced (more so than traditional markets) by trader sentiment as opposed to long-standing value. With greater volatility, many traders are successfully trading Litecoin by using high-frequency trading systems to take advantage of the increased market volatility and for faster and more accurate trade execution. 

Another popular investment strategy used for profitable Litecoin trading includes Price Action Trading Strategy, which involves trading price reversals involving a support or resistance level. Although this strategy has proven effective for short-term trading, overall, most traders appear to be more accurate when trading with longer time frames as longer time frames provide a more accurate scope of your asset as opposed to shorter time frames.

One last method you can consider trying would be Litecoin arbitrage, which involves access to no less than two cryptocurrency exchanges, with varying price spreads, and the same cryptocurrencies. Here is how Litecoin arbitrage works in action:

Trader A notices a considerable spread for LTC across Exchange S and Exchange T. Exploiting this difference, Trader A purchases Litecoin on Exchange S (which has a lower LTC price than Exchange T) and then transfers the Litecoin from Exchange S’s crypto wallet to the crypto wallet on Exchange T. Upon confirmation, Trader A cashes his Litecoin on Exchange T for a profit.

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1. Buy & Hold – One of the oldest investment tricks in the books that has stood the test of time is the passive investment of buying and holding. With this investment approach, long-term is the name of the game, and strict discipline is the key to success. Theoretically, it helps to buy low and sell high, but Ethereum is such a high-demand cryptocurrency due to its correlation with Bitcoin that it’s challenging to find suitable entries. Therefore, consider using long-term support levels and focus on long-term gain.
2. Crypto Arbitrage – This technique is a bit more challenging to pull off because it requires fast processing, near-instantaneous automation, and finding multiple exchanges where you can find enough of a spread difference to make the high-volume of arbitrage trades worthwhile. Therefore, you often seen crypto enthusiasts partner with high-frequency crypto trading providers with automated software that perform these trades monthly for a fixed fee or percentage of profits.
3. Correlation Trading – Correlation trading can be effective. Still, it is far more powerful when combined with trending market queries. For example, instead of only checking to see if Ethereum has a strong positive correlation (which would indicate a trade opportunity following BTC’s market direction) or a strong negative correlation to Bitcoin (trade in the opposite direction of BTC), you can also see search demand, interest, and trader sentiment which adds market depth behind every investment. 

One of the best platforms you can use to see if a product is trending or has high search demand is Google Trends, a free-market research site.

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• Jackpots – Jackpots require the greatest amount of luck and shouldn’t constitute the bulk of your online gambling budget. However, jackpots exceeding several million dollars with online casinos has been a method that some people have profited from when gambling bitcoin online. 
• Slots – Slots provide an interactive way for online gamblers to benefit from the live-action of online gambling. Some casino slots offer win rates as high as 98.56% and winnings in the several hundreds of thousands to millions worth. Additionally, slots provide immediate gambling results, whereas jackpots tend to be raffled on specific dates.
• Blackjack – Bitcoin gamblers have long evened the odds against casinos by playing blackjack. Statistically speaking, there aren’t many online blackjack variations, while many reputable online casinos Livestream their online BTC blackjack.

Make sure to only gamble bitcoin with licensed casinos that are legal for your jurisdiction. Additionally, your bitcoin winnings may be subject to taxation; therefore, consult a licensed tax advisor to assist you. 

The top 5 online bitcoin casinos of 2021 include:

1. 7Bit Casino
2. BitStarz
3. CloudBet
4. RedDog
5. Slots. LV

Make sure that the online casino you invest with is legal where you reside. Ideally, your casino should offer multiple banking options, a few hundred casino games, and fast deposits and withdrawals. Lastly, be wary of accepting online casino deposit bonuses, as they may be tied to stiff gambling requirements that must be met before a withdrawal.

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Crypto arbitrage falls under the umbrella of high-frequency trading. As the term suggests, high-frequency trading involves a lot of trading. Again, you aren’t seeking to make big profits but small, frequent profits. Most high-frequency traders rely on trading programs, programmed Robo-advisors, and trading software to make money with crypto arbitrage. 

In crypto arbitrage, there are three primary methods to gaining financial freedom. These include the following crypto arbitrage techniques: 

• Automated – Automated crypto arbitrage involves applying a trading solution to execute trades on your behalf autonomously. These trades follow specific program commands, abide by trade rules, take emotions out of trading, and tend to be far more effective traders than human day traders. 
• Regular – The only real way you can conduct crypto arbitrage would be by using two cryptocurrency exchanges with significantly different prices. However, these large price fluctuations are difficult to find in such a liquidated market. 
• Triangle – Performing the triangle crypto arbitrage approach involves a three-way cryptocurrency exchange. For instance, you buy Bitcoin (BTC) with US dollars, then sell your BTC to Litecoin, transfer those Litecoin to your second exchange, and then convert that Litecoin back to BTC, then back to US dollar for a profit gaining from the price fluctuations between both platforms. 

Many cryptocurrency’s prices fluctuate between 3% to 5% from varying platforms (sometimes as high as 50%). With access to more than 4,000 cryptocurrencies and 200 exchanges worldwide, there are countless opportunities to gain financial freedom and make money with crypto arbitrage. Lastly, don’t forget to formulate potential deposit, exchange, transfer, and withdrawal fees into your bottom dollar.

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The main market condition bitcoin miners should affiliate themselves with would be that to remain profitable with mining bitcoin, bitcoin should have a value no less than $30,000. In the past, it was far more lucrative to mine Bitcoin as less electricity was required for the solving of complex algorithms and to power mining hardware. It’s important to know that BTC comprises 68.1% of the crypto market while its volatility is its greatest advantage and disadvantage. 

Here’s an example of how you can gain financial freedom by mining Bitcoin by starting small then evolving into something far greater:

At the current moment, the most profitable ASIC (Application-specific integrated circuit) bitcoin miner is the MicroBT M31s, which costs $1,485. With less than $10,000, Investor A purchases 6 MicroBT M31s ($8,910 total). With an electrical output of $0.05/KWh, it takes 8.9 months to break even. However, bear in mind the appreciation value of Bitcoin and compensation models (most bitcoin miners are paid in BTC). 

Bitcoin’s 3-month gain is 145% and its YTD gain is 265%. As Bitcoin continues to surge, the dollar amount that Investor A is paid can be compounded by the appreciation in the value of Bitcoin (so long as the revenue is kept as bitcoin). 

In this model, it would be at Month 9 where the Investor turned a profit (and that’s assuming no problems arise, such as power outages and so forth). Currently, the MicroBT M31s with an output of $0.05/KWh generates an earning power of $165.16, which multiple by six of these miners, computes to $990.96 per month. By end of the year, you will have gained over $650 in compounded revenue if you simply hold Bitcoin (and it continues its current appreciation).

• Year 2 Net Revenue: $10,000 – $11,891 

To maximize net revenue, consider starting a small business, such as an LLC. Depending upon your jurisdiction and tax laws, you can start an LLC or a sole-proprietor business for under $200. Here’s where the advantages come through. You see, as a business owner (depending upon where you live and the tax laws) you can deduct those tangible business expenses (the six MicroBT M31s). Thereby, dramatically increasing your bottom line and helping you securely gain financial freedom. To maximize earnings, consider compounding your bitcoin earnings by holding bitcoin and gaining from its markets appreciation.

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As demand rises for cryptocurrencies and bitcoin cash, their prices will continue to soar due to the increased demand and limited supply. Contrary to its counterpart (bitcoin), bitcoin cash has a less volatile price history and has seen more gradual market swings than the extreme volatility frequently seen with Bitcoin. 

Two failproof ways that you can begin making money with BTC Cash trading would be: 

BTC Cash Arbitrage – Arbitrage is a trading style where investors seek to profit from the price difference between two or more markets. In this instance, traders perform arbitrage by nearly simultaneously buying and selling BTC Cash in two or more markets, profiting from the price fluctuations between them. Arbitrage requires a high-speed connection, technical analysis insight, and an understanding of associated markets (cryptocurrency markets). 

Trade Correlations – Correlations do not infer causation, but they reveal strong tendencies between related financial instruments and assets. One way to hedge your investment portfolio is to trade low-volatility trade correlations. For example, let’s say you invested in bitcoin (and hopefully so because you’ll be rich), you can hedge against that investment with Bitcoin Cash. 

How do you know when the best time is? 

A positive correlation between Bitcoin Cash (BCH) and Bitcoin (BTC) signifies that BCH has a firm price correlation with Bitcoin and that Bitcoin Cash’s price is likely to continue to appreciate/depreciate in similarity with Bitcoin. When a positive correlation is in effect, buy or sell in correlation with Bitcoin. 

Here is a free cryptocurrency correlation calculator you can use (make sure that BCH has a value of at least (0.74) or higher (the higher the value, the stronger the correlation between bitcoin and bitcoin cash).

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Ponder this for a second: A $5,000 investment in Bitcoin 5-years ago (at $375/BTC) would be worth almost $430,000 today. While Bitcoin may have a face value of over $30,000 at the moment, that doesn’t diminish the percentage gain that your investment can accrue from Bitcoins’ continual rise. Even if you don’t have enough capital to buy 1 Bitcoin, you can buy portions of Bitcoin for as little as a few dollars and roll up your starting nest egg from there. 

While it may seem ludicrous to accept, Bitcoin will likely reach a value of over $100,000. Catapulting those who remained faithful from the early days of conception to those who got in just before the price skyrocketed once more into the possession of substantial wealth. We are talking generational wealth, too, not insignificant sums. 

Also, you have to remember that the circulation of Bitcoin is limited. There will only ever be 21 million bitcoins in supply (currently, over 18,500,000 of those bitcoins have been mined). As Bitcoins’ supply begins to constrict, more likely than not, a sharp appreciation will occur in the value of Bitcoin as demand soars, generating a more bullish cryptocurrency market. 

The only actual obstacle facing bitcoin would be governmental interference or enforced regulations or taxes on cryptocurrencies. However, given that Bitcoin and cryptocurrencies global acceptance and implementation is at an all-time high, we doubt that will be the case. 

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