I turned $$ 7 into $$ 2.9 million in crypto
Now entering my 3rd cycle, I've learned a lot along the way
If you're a beginner, read this🧵:
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It took me 3 crypto cycles to earn over $$ 2.9 million.
The road to success was full of mistakes and disappointments, but years of intense learning and practice got me to where I am now.
I want to share 10 rules that helped me make money in this space👇
1/ DYOR extensively
You must understand the technology, narrative, team, community vibe, and potential catalysts of the tokens you're interested in.
Stay up to date with the latest news, partnerships, and other changes that may impact your position.
2/ Everything in our world happens in cycles. Study history.
In a field where cycles are inevitable, ignoring historical knowledge can actually hurt you.
While some only learn by making their own mistakes, wise people gain insights from the experiences of others.
3/ Control your emotions
The ups and downs of the market are constant. Stick to your original plan.
Seeing others’ success can trigger the fear of missing out and lead to poor decisions.
Take your time, stay calm, and make thoughtful choices with your hard-earned money.
4/ Take profits aggressively
Most of today’s popular coins will crash after the rally.
You won’t sell at the peak, so take profits all the way down.
Using this strategy will prevent you from taking a round trip with your gains.
5/ Cut losers
If a coin continues to underperform, rotate to a winner. Don’t marry a stock.
This cycle is no different — not every currency will appreciate 10 to 50 times.
The only