This is my experience into my 3rd long cycle in crypto...
3rd cycle I have participated in and I have learned a lot about what not to do when investing in crypto...
The first thing I learned is trading didn't give me the gains that I got from holding great projects. When finding gems I look for newer projects that are unlike others, why play a remake of the same old horse. I look for projects that are decentralized. I look for real world use case. In this list I have #ADA #DOT #ALGO #XRP and others...
Crypto is very volatile, take profits to let sit on the sidelines for big dips or go buy something nice.
It doesn't take a lot of money to make a fortune. The best way to actually maximize your returns is to dollar cost average. Over time this is the clear winner. Set a plan on how much you can invest and stick with it. Evaluate if you can do more frequently or if you can up your budget. When dollar cost averaging you are buying tops, but you are buy bottoms for a longer period of time.
Don't put all your money on one play, the information you may be looking at could sound good but it's also hype. Don't buy pumpy dumpy pooh
I personally only had about $1000 when I first started, by the end of the first cycle I had enough for a down payment on a house.
Second cycle had about $20k I started 2 businesses with that money and bought more properties for passive income.
Third cyle I have about $200k and looking for generational wealth.
