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I see people entering the world of cryptocurrencies and investing everything in $BTC , $ETH , $BNB or SOL.
Many of these people believe that by doing this they will get rich, which is a mistake to think like that when you have little money to invest.
Cryptocurrencies at these values require a very large and heavy investment to make you rich in 5 years. No one will get rich by investing 10, 20, 50, 200 reais in BTC and ETH, even if they did this every month, it still wouldn't be enough.
You could make a profit of course, but it would be a very small profit because they are expensive currencies and even if they doubled in value you would still only have double what you invested.
So many people end up falling for the talk of others that they should invest 90% of their capital in BTC and ETH because they will get rich that way or because they are the only reliable projects. But that's not true. There are projects that are just as reliable, and most of them are much more profitable in the short and medium term than BTC.
Imagine that you invest 200 reais in BTC. To get twice the investment, BTC would have to double its value, which currently can take months or years to happen.
Now, if you invest in cryptocurrencies worth a maximum of 1 dollar, this currency can appreciate 3-5x or 10x in the same period that BTC would take to double its value.
There are several examples out there.
When BTC drops in value, other currencies tend to fall along with it. While BTC drops 10%, others drop 30-50-70%, and this is a great opportunity to buy, because when BTC rises, even though other cryptocurrencies take a while to rise, they can appreciate 2-3-10x in a few months and reach their maximum value again.
example of a surreal appreciation that occurred in just one month.
$XVG
this coin was costing only 0.001 cents and in less than 1 month it appreciated more than 1600% or 16x costing 0.016 cents
$ADA
Although it did not appreciate that much, it went from 30 cents to 1.07 dollars, 300% or 3x.
so it's much better to invest in cheaper projects if you want to make money than in BTC
Many of these people believe that by doing this they will get rich, which is a mistake to think like that when you have little money to invest.
Cryptocurrencies at these values require a very large and heavy investment to make you rich in 5 years. No one will get rich by investing 10, 20, 50, 200 reais in BTC and ETH, even if they did this every month, it still wouldn't be enough.
You could make a profit of course, but it would be a very small profit because they are expensive currencies and even if they doubled in value you would still only have double what you invested.
So many people end up falling for the talk of others that they should invest 90% of their capital in BTC and ETH because they will get rich that way or because they are the only reliable projects. But that's not true. There are projects that are just as reliable, and most of them are much more profitable in the short and medium term than BTC.
Imagine that you invest 200 reais in BTC. To get twice the investment, BTC would have to double its value, which currently can take months or years to happen.
Now, if you invest in cryptocurrencies worth a maximum of 1 dollar, this currency can appreciate 3-5x or 10x in the same period that BTC would take to double its value.
There are several examples out there.
When BTC drops in value, other currencies tend to fall along with it. While BTC drops 10%, others drop 30-50-70%, and this is a great opportunity to buy, because when BTC rises, even though other cryptocurrencies take a while to rise, they can appreciate 2-3-10x in a few months and reach their maximum value again.
example of a surreal appreciation that occurred in just one month.
$XVG
this coin was costing only 0.001 cents and in less than 1 month it appreciated more than 1600% or 16x costing 0.016 cents
$ADA
Although it did not appreciate that much, it went from 30 cents to 1.07 dollars, 300% or 3x.
so it's much better to invest in cheaper projects if you want to make money than in BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
93,599
-0.45%
BNB
687.6
-1.23%
ETH
3,250.53
-2.15%
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