News & Blog

Investing your holiday allowance: how about crypto?

Investing your holiday allowance: how about crypto?

Holiday pay has been a regular part of the salaries of employees within the Netherlands and Belgium for years. Every year in May, people receive an 8% bonus on top of their regular salary, which is mainly meant to pay for a well-earned holiday. Of course, not everyone uses this extra money to actually spend on holidays. More and more people are using their holiday allowance to invest, so that you can benefit from it not only during those two weeks in the Greek sun, but also in the long term. By investing your holiday money, you can grow your money in the long run. Investing in cryptocurrencies may still be a bit exciting for some, but it is a growing market full of interesting opportunities.

Spread or all in?

You can of course go for the bigger coins, such as Bitcoin and Ethereum. These have seen huge growth in recent years. You can also invest your holiday money in some smaller coins, such as Ripple or Cardano. In recent years, many projects based on memes have also emerged in the crypto world: for instance, Dogecoin and Shiba Inu have become very popular in recent years. Of course, you don't have to invest all your holiday allowance in one coin, you can also spread your money over several coins. On our website, you will find a lot of information for each coin about where the project comes from, what the idea behind it is and what the rates are. By reading up on the projects, you can determine what you feel is important and valuable. By consciously investing in a project rather than in random cryptocurrency, you can put yourself in a stronger position while contributing to the growth of the project and thus to your own wallet. It is also possible to activate Earn or staking on some projects for even greater returns.

Long-term growth

The most important thing to remember when investing in cryptocurrency, is that it is a long-term investment. The value of cryptocurrency can fluctuate widely and it is important to be prepared for this. But if you are willing to be patient and keep a close eye on the market, investing in cryptocurrencies can be very profitable in the long run. So, if you want to invest your holiday allowance in cryptocurrency this year, make sure you are well informed and consider all options. Also, make sure you do not invest more money than you are financially prepared to lose. It can be a fruitful way to grow your money and achieve your long-term financial goals.