There are many such investors who join the crypto market only because they think they will become rich in just a few days, or some people want to become rich overnight. In my view, people who think like this should stay away from this market because crypto is not a quick-rich scheme or project.

Unfortunately, when I joined this market, I also had the same thought that I will make my money 5 times in 1 year by investing. But till today, nothing like that has happened. I have only recovered my losses which I invested in the last 7 years.

Because of my mistakes, I couldn’t build my wealth properly, even though this is my 7th year in the market. The point is if you don’t invest smartly here, you will never build wealth and also if you will think like to invest and become rich quickly then it will never happen.

Remove this thought from your mind that you will become rich in a short time rather think for the long term policy which is always a win win situation. In fact, building wealth takes a good amount of time. Just keep this in mind try to understand a full cycle of market. Spend time in this market, try to understand the bear and bull cycle and plan a proper strategy.

Whatever experience I have, I will share it with you all. In 7 years, the best thing I’ve understood is that investing only in BTC is a wise decision, because it’s an asset whose value increases in every cycle. All other coins are not guaranteed that their value will increase. Altcoins are risky to invest just like we have seen in this bull run, even Bitcoin which is at its all time high, alts are still at its all time low.

And my second experience is that understanding the bull and bear cycles and investing accordingly is smart. If you invest at the end of a bear cycle, you will surely earn great profit. And selling at the end of the bull cycle is also very smart.

I hope these few suggestions of mine are helpful for you, and that you will benefit from these two experiences. Also, never think of the crypto market as a quick-rich scheme because it’s not real.

I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

TWITTER TELEGRAM HIVE WHATSAPP DISCORD

IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
SOURCE

REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.