In the cryptocurrency world, it’s not luck that matters, it’s planning! Rushing in and running around based on instinct will likely lead to making some small profits but losing out on the future. If you want to make money in the crypto world, you must have your own wealth plan. I used these five steps, starting with a capital of 10,000, and eventually reached the pinnacle of my life; you can try it too!
Step 1: Set Goals, Clarify What You Want
Don’t just think about multiplying your money tenfold or a hundredfold right from the start. Ask yourself, what is your goal? Short-term arbitrage? Or long-term financial freedom? If the goal is unclear, the actions will be chaotic. For example, when the bull market started in 2020, my goal was to save enough for a down payment on a house within three years, focusing on stable appreciation coins—this is called having a target!
Step 2: Choose Your Path, Only Hot Markets Can Generate Profits
The core of wealth in the crypto world is the hot market; only popular paths attract large capital inflows. I prioritize looking at two types of coins:
1. Hard Assets: Bitcoin (BTC) and Ethereum (ETH), hold a portion to stabilize your mindset;
2. Hot Assets: For example, TLM, which can soar several times when the gaming trend hits! These hot coins have a strong upward momentum in the short term, and as long as you catch them, several times returns are guaranteed.
Step 3: Determine Positioning, Diversifying Risks Allows Long-Term Play
Don’t expect to get rich by going all-in; diversifying positions is key. I use the “532 Positioning Method”:
• 50% in hard currency, a stable foundation that doesn’t move;
• 30% in potential coins, riding the waves with trends;
• 20% in speculative coins, chasing short-term double ups!
This strategy is steady and assures both safety and profit generation.
Step 4: Learn to Cut Losses, Recognize What are Junk Coins
The crypto world is a battlefield of capital; if you don’t cut losses, you will be cut. For example, I once bought a certain air coin, which plummeted by 90%. I gritted my teeth to stop-loss and narrowly escaped disaster. This taught me a truth: a coin with no future is expensive even if it's cheap! If you can’t evaluate projects, just copy the mainstream coin list and earn some safe money honestly.
Step 5: Take Profits and Have Patience, Both are Essential!
A bull market is an accelerator; if you don’t take profits and run, what are you waiting for? My rule is: when the capital doubles, take back the original amount, and play with the rest in the “infinite game”! One step at a time with a plan, when the hot market ends, you’ll find you’ve quietly made it ashore!
Opportunities for wealth in the crypto world have always existed, but only the clear-headed can seize them! Think it through, quickly finalize your plan and execute it; today’s choices determine your financial freedom tomorrow!