Santa Monica, California based Bizzically is exploring how feasible it is for an individual to build passive income with cryptocurrency. In particular, they believe that it is indeed possible for someone with no prior history with cryptocurrency to learn enough to start building their crypto wealth with Bitcoin. The key, they say, is in learning as much as possible about the industry and keeping up to date with its trends (which may involve knowing when to avoid getting involved).
Cryptocurrencies are still an unknown area for many, Bizzically acknowledges, but this is swiftly changing. Just as it was once considered unthinkable to have a computer that would fit inside a pocket, Bitcoin is fast gaining more and more mainstream appeal and value. Despite how far the cryptocurrency has already come, the company believes that the world has yet to see Bitcoin’s equivalent of the arrival of the pocket computer — which they say will be represented by it becoming the dominant form of currency in the global market. In fact, they think the world will someday be run entirely on cryptocurrency or the blockchain, and this future may not be as unlikely or as far off as some would think.
Regardless, the company says people who want to get started in crypto today have many practical options at their disposal.
Bizziccally says the goal of anyone willing to get started should be to generate daily revenue with minimal effort and maximum safety. The crypto market can be incredibly volatile at times, and this is why people new to the industry generally hesitate to get involved. However, there are ways to safeguard against such volatility and continue to make a passive income, minimizing risk while acquiring high value cryptocurrencies that are expected to pay huge dividends in the future.
Crypto automation software can take much of the effort out of the equation as well, and this is why Bizzically believes this process would be suitable for newcomers as well as veterans. While the bar for entry is relatively low, those who know what they are doing can act on their insights to make more targeted decisions.
“Bitcoin has beaten real estate, stocks, diamonds, commodities and every other asset class by more than 1,000% in the past 10 years,” Bizzically points out. “As volatile as it can be, it has proven incredibly resilient as well. While it is currently priced over $30,000, it is possible that it will hit a million dollars per coin in the next several years. This is in stark contrast to its status only a decade or so ago where it was priced between 1 and 30 USD.”
However, Bizzically is also quick to advise their community against putting all their hopes in get-rich-quick schemes. While it is true that Bitcoin and other cryptocurrencies have made some people millionaires virtually overnight, this happens to be the exception rather than the rule. However, the market is almost always going from strength to strength, and therein lies a great deal of opportunity for careful investors who wish to supplement their income.
As such, they strongly advise against acting on the urge to drop the full contents of a life’s savings into crypto in the hope that it will pay off. The tips and tricks shared by others can help to an extent, but each individuals’ mileage will vary as time goes on. It is important, especially when starting out, to take each step deliberately. This is also one reason the company says acting on trends may not lead to the results an investor expects.
However, there are some tried-and-tested techniques that can get anyone well on their way to making a decent passive income via crypto.
For more information about Bizzically, contact the company here:
Santa Monica, California