Dear square participants this is dumb advice, no one should | ThrivalBase on Binance Square

--

Bullish

Dear square participants this is dumb advice, no one should follow it.fornthe following reasons: 
1. No matter how much you start with: either $1 or $1M, you will never make any money if you have a very poor mindset and bad trading skill
2. It is not BTC or ETH or any specific coin that will make you rich, The key is your trading skills. it is what you know about BTC Or ETH that will take you there. 
You may "blow" by buying a bear market and waiting for long to sell high in a particular coin. but you will never actually "Grow rich". 
3. waiting to make 50% profit as stated in the advice   as a take profit strategy is a very silly approach. You will never follow it when the markets suddenly give you 80% . Also if the markets give you 45%, as you wait for a 50% before closing the trade and Oops there you are , price goes down, reducing your 45% to 15% ,...hahaha, then you have serious problem in your mind. 
Learn how to trade well. Horn your strategy, learn Technical Analysis before committing your hard earned money, even if it is 50cents, don't gamble.

LIVE

Natasha1geo

--

There are two ways to become rich in crypto, but most beginner makes a lot of mistakes before learning their lesson, which makes the journey to success harder for them, lot of beginners see's crypto currency as a way to make a quick fortune and exist the market, which is a very dangerous mindset to have in crypto space resulting into many bad decisions that will likely get their portfolio to zero😭.
Now let me tell you how to get rich in crypto, you may be thinking that to achieve great success you should need a complicated plan but in reality that's not always the case, to get rich in crypto you have two options, remember i don't mean gambling on some random memecoins I mean getting rich strategically.
A.start with quarter of what you consider as being rich, if rich to you is $1m then you need $250k to start for you to become rich in a reasonable period of time with that amount you don't need to know much about crypto currency all you need is to buy in the bear market and store in a secured non-custodial wallet with time your wealth will keep growing while you go about your business, with this method you necessary don't need diversification buying only $BTC is ok.
B.starting small and grow with time this method of getting rich may need some patience depending on the market conditions you just have to be patient with it, let say you started with $1000 in the bear market the best thing to do is to put the $1000 in $BTC , keep is secured in a non-custodial wallet allow bitcoin to make a move while you learn about the market, learn as much information as you can, learn about defi, staking, farming, airdrop, futures trading etc, after some time BTC will surely make gain then now you can now diversify buy 5 altcoins with your btc profit keep your capital ($1000) in USD when you see 5x gain in your altcoins start selling to usd. Sit back and wait for another crash, then repeat till you reach your goal, remember it takes energy so you have to pay the price, i believe you can do it 😎 like and follow to support me👍

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

Replies 1