How ordinary people can make a fortune through the crypto market

1/Change your mindset (only buy assets)

Investment is the process of constantly exchanging money for assets. The educational background of ordinary people is that they should study hard from childhood, and then get into a good university. It would be best if they can become civil servants after graduation and then have no worries about food and clothing, save money to buy a car, and take out loans to buy a house. (People who have a stable salary in real life are more suitable for investing in the cryptocurrency circle.)

Only a very small number of parents would tell their children not to pursue stability or a stable job, and the only thing to pursue is opportunity. (However, the risk is very high. Once failed, the vitality will be seriously damaged, and it will take a longer period of time to turn around. This is different from investment and more like entrepreneurship).

2/ Purchase assets with a high probability of appreciation

The only way to turn things around in the trading market is to invest, that is, to continuously purchase assets. The so-called assets are things that can bring in positive capital flows, which means things that can help you make money. Liabilities are things that help you spend money. A car is a standard liability. It costs money to buy it and to maintain it. Food, clothing, housing and transportation are consumption. Most people spend almost all their money on consumption, and then they buy liabilities that they think are assets.

3/Increase investment amount to reduce risk

① Increase income: If you want to buy assets, you must increase your income, such as a side job, part-time job, etc. (earn an extra 500 a month, which is 6,000 a year)

② Reduce consumption: Reduce unnecessary waste. It is not easy to make money, so save money (saving 500 a month is 6,000 a year).

Note: Every extra penny you earn and save can be used to purchase assets.

③ Be brave to try and take risks; your extra earnings and savings used for investment will not affect your normal life and trading mentality.

④ Don’t borrow money for investment, as the risk is too high, it will accelerate debt and is gambling. (The fundamental reason is that the money will not be given to you for long-term use, which leads to the fear of loss and the desire to make quick money)

4/Asset Purchase Strategy

Long-term coin hoarding strategy (the cyclical law of the brand)

① Select coins to buy: Choose the coins that have fallen to the monthly level and have been trading sideways (for more than 3 months).

②Double your position: When the assets you purchased double, choose to sell the principal and then repeat the first step.

③Resolutely implement the strategy, do not change positions midway, do not cut losses and leave the market, hold for a long time, and follow the big cycle.

④ When to sell and re-enter: (at least 3 to 5 times later) Distinguish between rising and falling trends, sell when the rising trend is broken, and buy when it returns to the trend again

Resolutely implement strategies, go to work happily, do not be affected by short-term fluctuations, do not play contracts, and do not use leverage.

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