7 years ago, I started investing in cryptocurrency with $7,000, and I lost almost everything.
I was left with just $500. I felt crushed and devastated. But today, my capital has grown to over $3 million. It was a long and tough journey, but I want to share what helped me climb out of the hole and achieve success.
Hereâs what Iâve learned from 7 years of working with cryptocurrency:
1. Mistakes are valuable lessons.
- I lost nearly all of my initial capital because I followed the crowd and gave in to emotions. Now I know that every mistake is a lesson that helps avoid even bigger losses in the future.
2. Donât put all your eggs in one basket.
- Back then, I invested everything into a few assets that seemed promising. Now, I always diversify my portfolio to reduce risks and increase the chances of success.
3. Patience is your best friend.
- I realized that chasing quick profits leads to disaster. Real success takes years. I invested in projects with long-term potential and gave them time to grow.
4. Learn and adapt.
- The crypto market is constantly changing. To be successful, you need to continuously learn and adapt to new conditions. I read books, took courses, and connected with experienced traders to expand my knowledge.
5. Trust your strategy.
- At first, I didnât have a clear plan. Now, I develop a strategy, stick to it, and donât panic. This has helped me avoid many mistakes and grow my capital.
6. Invest in altcoins and meme coins.
- I donât trade $BTC or $ETH . Instead, I invest in altcoins and meme coins, where I see the potential for massive growth. Itâs easier than you think to profit from a simple coin like $BNB
If you want to succeed in cryptocurrency, donât give up after your first failures. Your persistence and willingness to learn can lead you to your goal.
