Like many people who follow personal finance topics, you’re probably aware of cryptocurrency. But investing in crypto might seem like a game for younger, tech-savvy investors. How could a more traditional investor like you possibly build wealth using crypto?
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Surprisingly, getting started in crypto isn’t as difficult as it might seem. While the complex terminology and buzzwords can be intimidating, cutting through that noise is exactly why cryptocurrency experts Aaron and Austin Arnold (yes, they’re twins) founded Altcoin Daily, a news channel dedicated to helping everyday people understand the ins and outs of cryptocurrency.
The Arnold brothers brought the same wit and savvy that helped make Altcoin Daily YouTube’s largest crypto news channel and community to the GOBankingRates Top 100 Money Experts series. They’ve got five key strategies that even beginners can use to build wealth — some of which may feel familiar to traditional investors.
1. Use Dollar-Cost Averaging
The brothers acknowledge that dollar-cost averaging is a concept that will resonate with investors who’ve been in the stock market for a while, even if they’re new to crypto.
“This is a tried-and-true investing strategy for one simple reason: because it works. Especially in crypto,” they said. “You’re never going to buy the exact bottoms, just like you’re never going to sell the exact tops.”
Instead of trying to predict the market — something even experts struggle with — the Arnolds suggest investing a fixed amount regularly, regardless of price. Remember the old investing adage, “It’s time in the market, not timing the market”? That applies to crypto, too.
“Over time, this averages out your costs and reduces the impact of volatility, turning crypto’s wild swings into opportunities for steady growth,” they said. “That’s how the vast majority of investors become wealthy. It’s like planting seeds consistently in a garden. Some days the soil is pricey. Other days it’s a bargain. But you’ll harvest more in the long run.”
2. Take the Emotion Out of Investing
Like any other form of investing, crypto rewards those who stay calm — or at least don’t panic-sell during dips or buy impulsively during market highs driven by fear of missing out (FOMO).
“To build wealth, set a clear strategy — or rules — upfront, like predefined entry and exit points based on research, and stick to them no matter how the market feels,” the Arnold brothers said. “Invest with discipline, not with emotion.”
