Whether you're a degen, trader, investor, or developer, most people in crypto get rich through the same means:
➜ Holding tokens that grow in price over time
It's your Golden Rule.
● Stick to narratives and trends
This is not the cycle where all altcoins will pump, so you should focus on strong narratives.
Memecoins, AI, DePIN, and RWA are the strongest in this cycle.
● You can build wealth in two ways:
➜ Hold tokens that grow over time
➜ Trade with tokens that grow more quickly
Historically, less than 1% of people who attempt the second approach end up succeeding long-term.
● If you pay attention to the things people keep complaining about over and over, you'll eventually come across an opportunity worth billions.
● Don't confuse time frames
Navigate time frames well:
➜ What seems downward locally
➜ Could have 1000x potential globally
When $BTC dropped from $70k to $50k, it didn't negate its goal of reaching $100,000+
● Avoid blindly chasing short-term trends
What rises swiftly can also fall rapidly. Determine what you expect from this trend.
➜ If you're a long-term investor, steer clear of the noise
➜ For short-term trading, welcome the hype
● Don’t mix up hype with real value
While hype can cause prices to rise quickly, lasting growth only comes from real worth.
● Study successful projects
When searching for $5M market cap gems, it's essential to understand their advantages compared to already successful unicorns.
Otherwise, what are you really searching for?
● The earlier you get in, the more potential there is to gain, but you'll need more knowledge to spot the right opportunities.
● Crypto lacks prestigious projects compared to TradFi
Avoid setting large-scale expectations for each project. Numerous factors in the crypto market can influence prices.
Cut your expectations in half.
● Avoid putting excessive trust in the past performance of cycles
Each cycle is different in its own way.
The successes of previous bull markets might not serve as dependable models for current strategies.
● Keep a log of profits and losses
Your goal isn't just to win once, but to develop a system that enables consistent success.
Analyze your trades at least once a week, and hold onto the reasons behind your actions.
● Spread out your investments
Don't put all your money into one token.
You're here to make money, not lose it.
● Analyze the market constantly
Crypto changes quickly; everything can literally change while you sleep.
Keep an eye on where the money is flowing.
● Reinvest your profits
Reinvesting can help grow your wealth faster.
● Manage Risk and Emotions
When embracing significant risk in one part of your life, ensure that other aspects remain secure and reliable.
Just as you would with your financial resources, manage your emotional reserves wisely, as they are also limited.
● Steel balls and faster decisions are how you make your money.
● Paranoia and maintaining calm are how you keep it.
● If you're looking for a reliable income, work in a reliable industry.
● But if you're ready to take on the risks of crypto, aim for the huge payoff that comes with being right.
