I have a question for all crypto users and traders; what was the price of Bitcoin when you encountered it and how many do you have?
The first thing about crypto is that you will replicate what your mentor teaches you and it doesn’t matter if they are nonsense or not. I learned from a mentor who believed in TBC over BTC. Who remembers TBC? Philippians-based centralized crypto projects that crashed down after the founders got greedy. We have plenty of the nonsense coins more than BTC. I met BTC when it was $700 and we mostly used it for payment. The future of Bitcoin of $70,000 was not seen by our mentor so we all invested or held little amount of Bitcoin.
However, after the 2017, bull run, I gained more knowledge from the price movement and the factors that drive Bitcoin and other cryptocurrencies. However, then, we know little and we thought coins would continue to move up. I threw some thousand of dollars on Steem and everything got melted in the market. That was another lesson for me. In that same 2017 or 2018, I bought assets like Bitcoin Cash at the launching price but sold off after 200% profit. When the assets emerged $1,000 I learned another lesson. So, the more you trade the more you understand but sometimes, you do not need to learn the hard way when you have a smart mentor and the people that give you the guide makes the right decision.
During the 2021 Bull, I took the benefit of the market and gained a lot and have some real-life assets from the profits but I realized some things after that year and how the market reset itself.
I will share my guide and advice below.
- It is never too late to invest in crypto. If Bitcoin is $100k, new projects will come and you can make your profits through it.
- Don’t be a 100% Crypto dependants. Have a business or Job aside from crypto to keep you going when your wallets are down.
- No system, project or institution is considered too big to fail.
- Put your investment in plenty of baskets.
- Investment + Time = Wealth. Be patient if you want to gain 100000%
- Share your portfolio in 70/30. 70% safe projects and 30% risk investments, like memes. Memes on Solana and Ethereum are doing better than those on BSC.
- Take profits.
Enjoy your day.