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There are a few crypto millionaires that I have had the chance to listen to. For some of them, they were born into wealth and were fortunate enough to discover crypto early on. For some of them they started from the trenches and had to do some sort of work to support them before finally making it in crypto.
For people like you and I, this stories are what motivate us to trade daily. But 90% of the time we go into the market blindly thinking this is the next alt coin to make you damn rich.
I’ve always said that the market doesn’t care who you are. Even the best of the best gets rugged how more about you who is s beginner to the crypto game. For some reason I don’t believe that everyone who made it in crypto knows a thing or two about crypto. It might just be that he or she was lucky enough to FOMO and go into a position which pumped. I say this cause I remember when FTX was collapsing. U made a couple of dollars from its fall. This analysis wasn’t made by me. I didn’t see any reason to follow the signal but I just went ahead and did.
There is this crypto guy that I follow on Twitter who mostly doesn’t drop any technical analysis. He only comes only and talks about what he thinks people should buy. Most of those times what he says comes true. So he said if FTX token goes below a certain amount he’ll buy and I followed suit and it turned out to be a good call.
Having a genuine interest in crypto is great but where do the funds come from for someone who doesn’t have it to get it and start investing?
That is why most of the time people advice that you join a blogging sites like hive and others to be able to earn crypto currency for free to kickstart your journey. There are a lot of chances to earn free crypto from other places as well. These places give you the crypto and then you decide to diversify your portfolio
For me, this was how I started. I started by earning free crypto and then I learnt more and more about it as time went on.
On the outside crypto is easy but when you get involved with it, it’s super difficult. The most difficult part for me is dealing with emotions. Dealing with emotions comes along when you hit your target. Believe it or not, before you enter the market you always have your target, whether you say it out loud or not, you still set it. Now when it reaches it are you strong enough emotionally to take your profits and zoom out?
That is where the real question is. Knowing how to read charts and using the technical tools is great but learning now to deal emotions is the best.
PS: this is not financial advice.
Posted Using InLeo Alpha