I have been in the crypto market for 3 cycles. I have observed, talked and asked people who went from zero → to becoming millionaires in the crypto market:
"What secrets do you have? What advice would you give to those new to crypto?"
Surprisingly, their 7 secrets are all quite similar: 👇
1. Be "the first to arrive & the last to leave"
This is their investment strategy for $BTC & $ETH . For them, Bitcoin & ETH have no peak, so any day you buy BTC, ETH, you are the one who arrived earlier than others.
And you need to stay longer than them!
But with Altcoin it's different...
2. Join "meeting early & leave room early"
This is how they invest in altcoins. Discover a potential altcoin that will be pumped & reach soon.
Then when the "meeting room is full" they will choose to leave before the "meeting ends".
Everyone will rush out & run to the next meeting room & you'll probably see them there again!
3. No monetary capital is needed to become a crypto millionaire
All of them initially did not have 50k or 100k of capital to invest. Their capital is the ability to "self-educate":
• They started a blog about cryptocurrency
• They have an account 𝕏 sharing about crypto
• They record videos & own a youtube channel
• They own a podcast channel and email newsletter sharing about crypto
• They learn (or team up with someone) & start coding a project
• ...
They became millionaires not because of frequent buying/selling transactions.
Generally they are deeply involved & contribute to the development of crypto & besides they invest.
So is their investment strategy complicated?👇
4. Their overall investment strategy is quite simple:
• Buy & hold
• Think with a long-term vision
• Buy consistently every time you have money
• Don't be afraid of short-term fluctuations
5. Take profits regularly by "locking profits"
They take profits periodically every 4 years. Or take early profits with altcoins that they participated in early. But the important thing is that they boldly "lock profits" which means:
• They take profits out of the crypto market
• Bringing profits to real life
With them. How much money they bring out of crypto is more important than how much they make from crypto.
6. Diversify to protect millionaire status
They are people who are not only good at investing in crypto. They are also knowledgeable about personal finance and experts in asset portfolio management
They diversify their investment portfolios beyond crypto because they understand that diversification is the best way to protect assets, maintain wealth, and minimize risk.
7. Bull markets in the short term, bear markets torment you in the long term.
This is the characteristic of the crypto market. The uptrend phase usually lasts only a few months, but the downtrend lasts for years.
Understanding this, they always have many sources of income inside and outside crypto. And so they have money to buy more at the bottom and "lock in profits" quickly when near the top.
Thanks for reading. It took me 8 years to ask & almost 1 hour to write this. You only need 1 second to like it, 1 second to share it if you like it. And don't forget to send these 7 secrets to your friends who are investing in crypto!
