IF YOU ARE GOING INTO THIS BULLRUN WITH LESS THAN 10,000$ AS CAPITAL - READ THIS
Good Morning my people, how are we? Oya lets get to today's sermon! The truth go harsh so stay ready!
Like Most of Us, we are starting our Crypto Journey with 500$, 1000$, 2000$ some even 100$
Here are a few rules for you;
DO NOT OVER DIVERSIFY - Last year a beginner sent me his Portfolio, 300$ Portfolio split into over 40 Coins, some he bought as low as 5$ - Omo, ibi say werey wan finish u or just want flirt with poverty all your life? I no understand oo.
For most of you, seeing plenty projects in your wallet just dey sweet you , and oh if it is in billions and has plenty zeros, e get to 1$ you will be a billionaire 🤦🏿♂️ mumu 😂😂
Listen Coins move up and down on 2 major axis, first is Tokenomics and the second is supply and demand (if i were you I will to Youtube now and search videos on how Tokenomics in Crypto works - I don give you o).
If you are starting off with that small capital, at best 2-3 Projects with sound fundamentals might be your best play. In a bull run all it takes is 1 project to go vroom and you life don change.
BUYING HIGH MARKET CAP Projects - should I even explain this? Listen Let me try and teach you quick math here, if you see a coin that has 1BILLION Market cup and you put 100$ in for your 100$ to become 200$ that Coin's market cap must move to 2 Billion.
The Price of a Coin is determined by Market Cap divided by Circulating Supply, so example your capital na 500$, you are asking me if you should buy Shiba Inu in this 2024, coin wey don dey 6Billion Market cap, even it goes to 60 Billion Market Cap, your money only go make 10x by that time for your small capital, you would have been better off, finding a lower Market Cap coin, say 5-10m MC, if that one move to 1Billion, your money don reach 100x be that, that is how you make life changing money.
The cost of finding such gems are 2 fold - You sit on your bottos and you research for weeks sometimes months.