As we’ve learned more about the Bitlife Stock Market update, there’s one investment that a lot of people think about: cryptocurrencies. Is it worth investing in crypto in the game? Can you make a lot of money, or is investing in bonds or stocks safer? The good news is that, yes, you can make a lot of money, and there are a few ways you can increase your chances of succeeding with these investments. If you’re interested in learning more, continue reading to find a comprehensive guide to making money with crypto in BitLife.
How to Make Money Using Cryptocurrencies in BitLife
Before you can use crypto, stocks, and other investment options, you’ll need to purchase the Investor Expansion Pack. It differs from God Mode and special career job packs, so having Boss Mode doesn’t provide you with the Investor pack. Instead, you’ll have to buy it individually for $5 or your regional equivalent. You can do this by heading into the main menu, scrolling to Expansions, and selecting Investor Expansion Pack.
Once you have the Investor pack, you’ll gain a new section in your Assets tab that lists investment types and various tools you can use to determine what to invest in. While you can throw your money into random investments to see what sticks, each tool will help you choose different options in various ways:
- Financial Advisor: You can choose to hire a financial advisor who, for a percent commission, will invest your money for you. This allows you to have a hands-off approach to investing but is risky if they have a low reputation or inexperience.
- Financial News: Displays a newspaper that predicts how certain bonds, cryptocurrencies, and other investments will perform. While some of these predictions affect the following year, others may take a few years.
- Opinion: You can ask your friends or family for advice. This option is the riskiest of the three but can sometimes have great results.
Alongside using these tools to guide you in the right direction, you can also use a cryptocurrency’s five-year performance to determine if they’re worth investing in. For example, if one is steadily increasing, there’s a good chance it’ll continue to. Similarly, if it experienced sharp but consistent drops, it’s safe to hold off and choose another.
After you age up, you’ll find a Portfolio report that tells you your one-year return, portfolio value, and best-performing asset. You can use this information to help you decide whether to keep a specific investment going or sell!