Welcome back,
In today's blog we will talk about how crypto Industry can change the life of people in positive as well as negative manner based on how you are involved into it. I am writing this blog based on real life experiences that happened with me or my friends.
In 2020, I had 48000 dogecoins and 12000 Matic with me and at that time they were really trading at a cheaper price. If I holded them for four years I would have been having around $20000 at current market price.
While there is a good example of holding doge and Matic there are other coins which performed oppositely like I owned Kishu, and it crashed so badly that I had a loss of 95% on my investment in it after which I exited from the market.
Now based on two situations above we can say that crypto market or industry can change the life of people both in positive as well as negative way. Back then I did not have proper knowledge and that is why I was not sure about profits and losses.
If you want to be someone whose life gets impacted in a positive manner, then you can follow few tips that I am sharing below.
Never try to become a trader without proper knowledge neither try to be an Investor.
Research on the narratives that are trending and then put your money in parts.
Keep yourself aware with the market, don't sleep on market.
Long-term holding only in L1 trusted projects.
Be more active around the bull run.
Never run after the coins which have already multiplied by 10X or more.
Set a target and don't greed once you achieve the target.
Even after following these tips there is no guarantee as crypto market is highly volatile but if you choose your projects properly then hopefully you will be on the safer side.
I wish no one sees the negative side of the market.
Thank You and Happy trading everyone.