If you're serious about making cryptocurrency trading a second profession for the next few years, these 10 ironclad rules are your survival guide. Read on, save them, and let them be your secret weapon in the volatile world of crypto.
1. The Math of Losses
Doubling your 1 million to 2 million with a 100% gain feels great, but a 50% loss drops you right back to 1 million. Gains are hard; losses are easy. Protect your capital.
2. Percentage Tricks You
A 10% gain followed by a 10% loss leaves you with less than you started. Consistent small gains beat wild swings any day.
3. Small Gains, Big Results
If you make just 1% profit every day, your 1 million could grow to 12 million in under a year. Steady wins the race.
4. Big Returns are Rare
Sure, a 200% annual return over five years could turn 1 million into 243 million, but donât count on sustaining that. Keep expectations grounded.
5. Long-Term Growth Formula
To turn 1 million into 1 billion over 30 years, you need a yearly return of 25.89%. Itâs not impossible, but itâs a marathon, not a sprint.
6. Lowering Your Cost
When prices dip, buy more to lower your average cost. But be carefulâdonât get caught chasing the bottom.
7. Smart Profit-Taking
After a 10% gain, sell enough to leave your remaining tokens âfreeâ with no cost basis. Ride the wave without pressure.
8. Market Crashes Test Cryptos
During a crash, strong cryptos fall less. If yours holds up well, itâs a sign you can confidently keep holding.
9. Diversify or Die
Donât bet everything on one coin. Spread out your investments and reduce your risk of catastrophic loss.
10. Patience Pays
The crypto market is volatile, but the real rewards come to those who wait. Quick profits may lead to quick lossesâplay the long game.
Stick to these 10 rules, and youâll not only survive but thrive in the ever-changing landscape of cryptocurrency.
Click the follow buttonđ and likeâ„ïž
