What's in this article
The internet is littered with countless digital contents on how to earn more from cryptocurrency investments.
Everyday a new version of these contents is cooked and served to millions of people across the world who are hungry and yearning for financial freedom.
Usually, the contents are accompanied by two of the most used phrases within the Crypto community. “Not a financial advice” and “DYOR” (an acronym for Do your own research)
They judiciously go through the articles, videos, and podcasts but somehow still manage to miss the caveat.
Some even sight the warnings but are too ‘lazy’ to go through the process of learning the ropes.
If you are going to land a fortune on this street; you must be ready to grind relentlessly to acquire adequate knowledge about the market and trends.
I don’t have the crypto success handbook that will rake in millions of dollars overnight (i wish I did).
What I do have is a couple of ideas I have gathered over time that can help you earn more from digital assets.
I will be sharing this knowledge with you in a series of articles beginning with this one.
Know and Understand the Terms
Hooping on the crypto train without knowing and understanding the terminologies will have you looking lost in crypto-related conversations.
Most of the learning resources you will find online and offline will have at least one of these terms embedded in them. So it’s always safe to know them ahead of time.
One of our writers, mnmansha, did a good job listing some of the terms here.
Do away with the “get rich quick” mentality
You may have heard this before, but I will say it again. Cryptocurrency investment is not a get rich quick scheme.
Don’t attempt to make millions overnight from it, you will end up losing more than you bargained for.
Start slow, build patiently, reinvest some percentage of your profits, and grow your portfolio.
Spread your investments
The cryptocurrency market is very volatile, experts make predictions and projections, but nobody can really tell what will happen the next second.
As much as you can, try to spread out your investment on different coins. Do not put all your eggs in one basket.
Also, buy at different intervals – some people go in big and buy the dip when they sense the market is depressed only to watch their assets dip even further.
I will hit the brakes now (temporarily), please remember that this is “Not a Financial Advice” and also “DYOR” before investing in crypto.
Meanwhile, let’s interact in the comment section; let me know the ideas you will like me to discuss in VOL 2.