Patience is First step to grow in Crypto field .
Entering the crypto market is about making money, but many of you are adopting the worst possible strategies. I can confidently say that at least 80% of you will lose money during this bull market.
I see numerous individuals investing in cryptocurrencies simply because they've heard of them. They buy at the peak and then express surprise when they lose, often commenting on my posts, "What should I do with my $SHIB ??" Take responsibility for your investments. Stop seeking validation from others and own your decisions. If you choose to invest unwisely and lose money (which 99% of you will), don’t blame those who are genuinely trying to teach you the right way to invest.
Here’s how to invest wisely:
1. **Research Underrated Cryptocurrencies:** Focus on cryptocurrencies listed on Binance that aren’t getting much attention.
2. **Analyze Their Charts:** Check if they have experienced a significant recent surge (e.g., +300%). If they have, avoid them. If not, consider investing a reasonable portion (no more than 10% of your total portfolio).
3. **Set Sell Orders:** Place sell orders at a 200% increase. For instance, if you buy at $1, set your sell order at $3.
Then, wait. Just wait. It sounds simple, but many will still chase quick gains and, inevitably, lose money. Follow these steps and your chances of making gains will significantly improve, as long as you remain patient.
This advice reflects my personal opinion.
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