Can trading cryptocurrencies really make you rich?
I have made a few hundred in the crypto world, with a capital of £50,000. I haven't worked since graduating from university.
I've just been playing around in Guangzhou and Shenzhen, not buying a house or a car. My monthly expenses are around £800.
Here's how I made money:
1. With a capital of £50,000, I did projects in university, affiliate marketing, fake orders, deliveries, and various small tasks, saving up £50,000.
2. Entering the crypto world, I thought BTC was too expensive, so I kept playing with ETH, which has leverage, and then various altcoins. I chose coins and managed my positions well. I just executed a simple strategy: when the market was bad, I took small losses, and when the market turned, I made a lot.
Why enter the crypto world?
To change your fate, you must try the crypto world; if you can't make money in this circle, ordinary people will have no chance in their lifetime.
Now let me explain the logic.
Making money through investment relies on two things:
One is the amount of capital; if you have £1 million, then making a 50% profit would give you £500,000. And it's not very difficult. Buying a few ETF index funds below £3,000, you can easily make 50% in one to two years.
The second is volatility; when you don't have a large amount of capital, you can only rely on volatility to make money. The crypto market is still quite volatile, although it can't be compared to before.
You should know that in a downturn, you might lose everything, but in an upturn, you could gain 10x or 20x. So for ordinary people, you need to buy spot, be patient, and don't be afraid during the rise.
Many people have not experienced the feeling of a coin doubling in value, checking prices 50 times a day, holding tightly during losses, and not being able to hold during profits.
Why is it hard to get rich trading cryptocurrencies? Desire? Patience? Goals?
This circle gives you such a good volatility, it's the friendliest market for you because you don't have large capital.
Getting rich is hard because it requires controlling your desires, having a firm goal, and extreme patience.
Spot trading can still lead to profits.
Repeating simple things is not only applicable to trading cryptocurrencies but also to all aspects of life.
Everyone knows that exercising can lead to better health, but there are really too few people who stick to it every day.
These days, I've been focusing on good trades. Comment '1' to help you get rich.
