Home Blockchain How to Succeed in Cryptocurrency Investment and Trading

How to Succeed in Cryptocurrency Investment and Trading

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Do you want to make it in life with Cryptocurrency Investment and Trading? Then, listen to this undiluted advice.
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LEARN WHAT YOU WANT TO DO.

The reasons are numerous, to know what cryptocurrency you are buying and why and also when to buy or sell them…..this is common to all businesses, not cryptocurrency alone.
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TAKE CRYPTOCURRENCY LIKE FULL BUSINESS, IN FACT, YOU CAN FORGET OTHER LITTLE THINGS YOU DO BEFORE.

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Let any other thing you do be a support to your cryptocurrency business.
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READ LIKE A STUDENT, DON’T DEPEND ON WHAT YOU WERE THOUGHT.

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Your tutor can not teach you everything because he/she also updates him/herself daily.
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IF YOU HAVE MONEY JOIN BITCOIN SIGNAL GROUPS TO GET UPDATES

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No matter how deep you read some information can never come your way, but you can easily get it from others.
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RESPECT YOUR CRYPTO TUTOR EVEN IF HE IS A MAD MAN

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People like me can never render help to disrespectful people. Avoid dragging people, learn a lesson and move on, nobody is owing you.
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PAY TO LEARN, YOU ARE NOT TRASHING ANY MONEY.

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You have the option to learn on your own which will take you two to three years to balance experiences.
You don’t need such time if you paid an experienced person because he/she will summarize his journey and plant it in you.
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TAKE THE CRYPTOCURRENCY BUSINESS AS YOUR LIFE, YOU MAY NEVER FIND ANY OTHER BUSINESS COMPARED TO CRYPTOCURRENCY OUT THERE.

If you are broke and you want to be rich through crypto trading, you will need luck or a long time to be rich. Crypto trading is not a get-rich-quick scheme.
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There are various ways you can earn from the Crypto market and they all need skill, luck, or patience.
You can earn without any capital by participating in airdrops/bounties. Airdrops are like your Facebook and Instagram giveaways. You get free tokens/coin from developers and through you, others get to know about their project as you are required to perform some tasks to qualify. Tasks may include sharing the link, tagging people, liking their pages, etc.
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You can earn by engaging in spot trading on centralised or decentralised exchanges. Spot trading involves buying coins/tokens when you presume/analyse they are cheap and selling when they are more valuable. This requires patience for maximum profit as some coins may take months or years to increase your small capital to huge gains.
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We have seen people turn 20k naira to 2million naira but for it to make the news shows it does not always happen. You also need to be earning in other ways for you to be able to be patient and wait for huge profits. Else hunger can make you sell at a loss. Na who dey alive dey invest.
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You can as well have short-term smaller targets like 2%-30% profit but you need a huge capital to enjoy this. Imagine you have only $100 and you do 2%? My brother, you won’t be happy with your trades. But someone with $10k capital can do 2% daily and manage. You see sapa is not a nice person.
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You can also earn by trading futures if you are skilled or trading with your future if you are not skilled. With futures trading, you don’t only make money when the price goes up, but you also make money when the price goes down. You can buy/long when you feel the price will go up, and then sell/short when you will it will go down. The leverage feature on Futures makes it sweeter and deadlier at the same time, As you can trade with up to 100x of the money you actually have. Only the skilled and less greedy will survive.
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You can also earn by Staking or farming. Staking is like a fixed deposit in crypto. You buy crypto and stake then you earn rewards by holding that crypto. This needs patience and also good capital to really enjoy the benefits.
You can do some peer-to-peer trading, by buying coins of fellow traders and also selling to those who are in need and adding a small percentage as your profit. Let’s say you buy at 560 and sell at 565 per dollar.
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If you can do all of the above, which I do, you will always be earning from crypto. But if you are a newbie, you will likely do only spot trading and that needs some patience. We all started from spot and spot has turned many novices into millionaires. Are you ready to be patient?
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Disclaimer: Only invest what you can afford to lose as cryptocurrencies are very volatile assets.
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