It’s reasonable to assume that we’ve all heard about bitcoin at this point. The amazing bull run in bitcoin prices from $6000 to $20000 in November and December of last year, accompanied by a massive media frenzy, ensured that we could no longer ignore bitcoin. We even heard a story of someone paying 10,000 bitcoins for two pizzas in 2010 and how much they are now worth. Millions of people were captivated by this.
However, the months following December 2017 revealed the dark/risky side of the crypto community. Cryptocurrencies such as Bitcoin, Ethereum, and over 1000 others, which soared in value until January 2018, have been swiftly dropping. Many crypto-coins have lost over 90% of their value from their all-time high. Because most new purchasers arrived in December 2017 owing to FOMO at a time when prices were already high, they are now at a loss. So much for generating rapid cash!
So, what is the takeaway here? It’s because crypto is still a young asset class, and while it has a lot of potential applications, there’s a lot of volatility in bitcoin and other coins right now. This makes it critical not to utilize crypto as a short-term investment since our hard-earned money might be lost if the volatility cycle continues to drive down prices.
Everyone, however, wants to make money. Aren’t we all trying to achieve financial independence? Many of you are probably looking at crypto with the hopes of leaving your 9-to-5 job and earning passive income while traveling the world.
make some money
Is it, however, feasible? Absolutely! I enjoyed how you suddenly became animated.
You may inquire as to how. There is just ONE WAY to get there. “By learning how to trade cryptocurrency.” Don’t be concerned if you have no prior experience with cryptocurrency trading. I’m not expecting you to know it because it’s not a talent we learn in school. I’m here to assist you with that and get you started on our day’s most profitable money-making skill. There isn’t a better way to make money in 2018 than crypto trading.
The beauty of the internet is that everyone around the globe may learn from someone who is an expert in their field and has hands-on experience. There are no longer intellectual theorists to depend on. However, to gain from shared information, you must be action-oriented.
Have you heard of the phrase “Antifragile”? It indicates that you may benefit from it rather than being defeated by unpredictability and volatility. The world’s smartest people have an antifragile worldview.
You make money off of volatility in crypto trading, which makes you antifragile. If you know how to trade crypto, you can profit whether the market is performing well or not. From this standpoint, cryptocurrency trading is far more profitable than stock trading. Because of regulatory restrictions, there are checks and balances on the amount of price volatility that can be permitted in stock trading. However, due to its unregulated nature, the crypto market operates on free-market principles worldwide 24 hours a day, seven days a week, resulting in high volatility. It doesn’t get much better than this.
As a result, you may earn considerably more money out of volatility than in the stock market with the same degree of trading expertise. This is why many stock and FX traders are turning to the crypto market.
Keep in mind that trading is a talent that should be taught. It’s more science than art, yet some art may be included in developing your trading technique. The fundamental premise of trading is that human nature remains constant across all markets, and some animal instincts are evolutionary in origin and are still intact in humans. This is represented in asset price charts, which we refer to as “reflecting the actual essence of the market.”
By investing a lot of time and effort into mastering this art, you may become a master and continue to make money while relaxing on the beach in Thailand. What do you think?
My own experience
Allow me to tell you about my own experience. I entered the crypto realm in November 2013 due to FOMO and the desire to make a quick buck. Bitcoin’s price rose from $200 on November 1, 2013, to more than $1000 on November 30, 2013. I entered in the fourth week of November 2013. I understand what you’re thinking. I got the best deal!!
The market then began to decline. On top of that, I bought a bunch of altcoins and shitcoins, some of which went to zero during the subsequent down market. What caused this disaster? I was riding on FOMO and assumed that if the price rose from $200 to $1,000 in a month, it would increase to $10000 in another month. On the other hand, markets do not function in this linear form; it is only human greed and folly that leads us to assume that they do. Second, and crucially, this occurred because I was ‘investing’ rather than ‘trading’ in these assets. As a result, even while coin values were falling, I was foolish enough to keep my investment portfolio intact. On the other side, a buddy who knew how to trade earned money even during the bear market and was preparing to quit his full-time job to pursue crypto trading full-time.
But the good news was that, rather than abandoning the crypto market after being rekt, and I chose to learn from my mistakes. In the latter part of 2014, I spent the next 5–6 months entirely involved studying trading, putting in 6–7 hours every day after work. I read hundreds of high-quality books, took many courses, learned from other traders, and continued to apply my abilities to the market to learn from it. In June 2016, I eventually quit my job to pursue crypto trading full-time, which turned out to be the finest move I’ve ever made.
As a crypto trader who had done his homework, I was well prepared for the next bull-bear crypto cycle in 2017–18. I made a lot of money for myself, but I also made a lot of money for my clients, who put their faith in me with their money. Even in this bad market, I continue to grind money every day, which is crypto trading’s power.
‘Buy the rumor, sell the news,’ as the saying goes.
Because crypto is so intriguing as a new technology with the potential to revolutionize the world in unforeseen ways, I became obsessed with knowing more about crypto foundations and for example, keeping track of emerging crypto projects and conducting research into promising ICO chances. My ability as a crypto trader has improved due to learning about crypto basics. I’d have a greater understanding of entry and exit points, and I’d be able to use ideas like ‘Buy the rumor, sell the news.’
Now that I’ve achieved total financial independence, I’d like to become a mentor and assist ambitious people like you in following in my footsteps. I believe that 80 percent of what I learned in 5–6 months can be taught in a few hours, and the remaining 20% is dedicated to teaching the art of crypto trading or learning how to learn. And that’s exactly what I intend to accomplish with this blog: teach you the essentials so you can get started as soon as you’ve finished reading.
Finally, remember to pat yourself on the back for being a crypto early adopter. Crypto is now owned by less than 1% of the world’s population, and you are one of them. This indicates that you are a driven guy continuously looking for new chances. You would not have spent your valuable 20 minutes on this section of the article if you hadn’t. It’s now time to put your inspiration into action. Register for the webinar and begin your road toward financial independence in as little as six months. On the other side, I’ll see you!