Step 1: You Need Investment Capital
The more money you start with, the less time you will have to spend in the market to make the money you want to make.
For example, if you start with $1,000, then you will need a 10x increase to get to $10,000.
Start with $10,000, save that first 10x and earn $100k
Step 2: If the trend is clearly bullish, invest as much as you can afford and clearly define the exit point
Many people make the mistake of being too cautious and not buying early enough, and then when they get bolder they buy on the high and the price drops.
Step 3: Store your profits wisely
Every time you make a profit , take it and store it in Bitcoin so that if the price rises, you can slowly move through the market.
Over the course of several years, I was able to accumulate hundreds of bitcoins by literally converting profits into bitcoins
Step 4: Diversification
Make sure your portfolio is heavily focused on one thing at a time.
As your portfolio grows and Bitcoin profits accumulate, sell Bitcoin to reinvest in the market.
Too many people are too diverse and could earn more if they concentrated their wealth.
Step 5: Correct profit taking
For example: I invested in MATIC, invested $40 thousand at a price of $0.01.
I never took profits as the coin grew, because I believed in my fundamental analysis, I watched the network grow, so when prices fell, I did not panic, but bought more.
I sold 90% of my shares at $2.64.
Set take profit by ladder. If you don't do this, you will end up panic selling when prices drop and make much less money.
What I did with Matic is a double-edged sword. I did the same with EGLD, investing in it at $6, then it went up to $660 and then back down to $20.
Step 6: Discipline
The more disciplined you are, the more you will learn, the more you research, the better your end result will be.
Step 7: Stop wasting money
Make yourself sandwiches, make coffee. Bull markets are not about spending your profits and living large.
Next bear you won't have to worry about the market, you'll be living off a fortune saved from all those coffees you didn't buy.
Step 8: The biggest profits can be made in low-cap altcoins, but the window of opportunity for this is the smallest < /p>
By the time the really small cryptocurrencies like mooncoin and pepepootheapecoinfrog start pumping.
It's time to withdraw money
Step 9: Research altcoins
One well-researched project is enough to find a winner and retire
Step 10: What to look for when researching
- Is the project alive?
- Where is it registered?
- Does it have users?
- Is this a good idea?
- Can he get mass adoption?
- Does the project burn its tokens and at what speed?
- Are they active on social networks?
- Does the project have a marketing budget?
Step 11: Buy at the bottom< /b>
Buy every time. People will say it's crazy, but it works.
Step 12: Sell
When you feel happy when you share screenshots your profits with friends when you feel butterflies in your stomach and start Googling how much a Bugatti costs.
