In 2021, my journey into the captivating realm of cryptocurrency began, fueled by the enticing prospect of turning investments into substantial profits. The buzz around individuals reaping substantial gains from their crypto ventures heightened my eagerness to jump in immediately.
The allure of stashing away funds for a few months and witnessing them soar was undeniably thrilling, but my lack of experience was a significant hurdle. I found myself clueless about the intricacies of buying or selling crypto, adding a layer of complexity to my aspirations.
Here, I share five indispensable tips for crypto novices:
1. Master the Fundamentals: Initially, delving into crypto articles felt like a daunting task. While I had a vague awareness of Bitcoin, deciphering which coins held potential eluded me. A foundational understanding of crypto essentials, such as total supply, altcoins, trading volume, chart patterns, and candlesticks, proved crucial. Knowing how to navigate exchanges for buying and selling became a game-changer.
2. Stay Informed with Crypto News: The dynamic nature of the crypto space means that news can significantly impact asset prices. Regularly consuming articles and content about ongoing developments in the crypto world serves as a reliable indicator for strategic buying or selling decisions. Positive news can propel prices upward, while negative developments may trigger a downturn.
3. Risk-Averse Investing: The cardinal rule of investing only what one can afford to lose cannot be overstated. Opting for a cautious approach by dedicating a modest portion of savings allows for gradual portfolio growth while minimizing potential setbacks. Steering clear of borrowed capital ensures a more secure and measured investment journey.
4. Avoid the Cheap Coins Trap: The notion that astronomical wealth can be amassed by investing in dirt-cheap coins is a rare occurrence. While low-priced coins might seem enticing, focusing on comprehensive research into low market cap projects proves more beneficial than fixating solely on price tags. Value lies in potential, not just affordability.
5. Secure Your Profits: Watching your initial $100 investment soar to $3000 is exhilarating, but realizing those profits requires decisive action. Until profits are withdrawn and either converted to fiat or securely stored in your wallet, the potential wealth remains speculative. Avoid the pitfall of becoming the one who could have been rich if only they had capitalized on peak prices.
Embark on this crypto journey with me for more enthralling insights into the ever-evolving world of cryptocurrency. 🚀💰

Turn $35 to $35,000 by flipping shitcoins.

No genius required, just master the art of shitcoin trading

These secrets will help you earn 100x more (will delete it soon)

Before we dive in, I have a quick favor to ask

I put a lot of effort into crafting this thread to be genuinely helpful for you, so if you find it valuable, please bookmark, retweet, comment, or just hit like

So, let's start by addressing those who claim that going from $100 to $10,000 is an easy task.

The immediate response is: No, you really need to put in a lot of hard work for this.

It's not all rainbows and unicorns.

However, understanding some key trading rules can help you achieve success faster.

① Everyone has a different portfolio sizes and different risk levels when it comes to aping into coins:

When I had $100, I went all in, and somehow it worked out.

While I was investing $100, others were putting in $1,000, $5,000, or even $20,000 into the same coin.

Take your time and don't rush to compare yourself to others.

You'll get there soon. The longer you stick to your size, the safer you'll be.

② Don't fall in love with a project – you are a trader, you're here to make big money:

Avoid holding onto every bullsh*t investment. In reality, 99% of projects won't reach even $100M mcap.

Secure your gains and keep progressing.

Our goal is to create wealth, not just send stickers all day in Telegram/Discord groups.

③ On your way to the first $10,000, you should aggressively take profits:

Yes, you heard that correctly.

Don't be afraid to exit a trade even if looks very promising and can surge by 1000x, as the likelihood of hitting such high returns is very slim – typically just a 1/100 probability.

Therefore, it's wiser to secure some profits rather than risking your entire stake each time.

While you might regret missing out on huge gains if the coin skyrockets to millions, remember that it's all part of the process.

It's a slow but safe way, so appreciate what you've earned.

④ In a group of like-minded individuals, your journey will be much smoother:

Consider joining reputable and active Telegram groups or Discord channels where experienced traders have already gone through the ups and downs and are ready to share their experience with you.

If you haven't found any free groups, you can join some private paid groups. The insights there are often more valuable. However, be cautious of scams and useless groups.

⑤ Please, remember this one very important thing – cut your losses early:

Bro, just keep in mind, that having looser trader are completely normal.

Even the greatest trader in the world, suffer looses.

It's a part of the game we are all playing in.

Statistically speaking, there have been very few cases in the market when a meme coin could reverse after a -60% loss.

⑥ Avoid chasing unnecessary trades when you're uncertain about potential gains:

You don't want to see your deposit plummet to $0, am I right?

Some coins surge rapidly but also crash just as quickly.

Remember, those who enter early very often like to dump their bags when others join due to FOMO at the peak.

⑦ When flipping shitcoins, FUD is often misleading about 70% of the time:

Don't blindly believe everything you hear; conduct your research and trust your instincts.

Here's a personal example 👇

There have been times when FUD led me to sell a coin at a loss, only for it to spike 100x just a few days later from my initial entry.

Now, I've completely changed my strategy. This shift has had a really positive impact on my portfolio.

#buythedip #BTC #bitcoinhalving