You’ll get rich if you are patient

in #cryptocurrency7 years ago (edited)

You’ll get rich if you are smart.
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I’d like to give you an idea how to make a profit on the altcoins. It doesn’t seem to be so easy at first. I started as anyone, watching youtube and reading bitcointalk. There is some useful advice out there. But as many others, I couldn’t tell the difference if the path I am heading to is right or not. The key is to filter information from the people who try to convince you in their own interest, from the information provide by the ones without interest at all.
How to make a choice you may ask. Well, first of all you should educate yourself. Learn what blockchain is, gain as much information about cryptocurrencies as you can. It takes time until it clarifies in your head. But be patient, it will definitely pay off. As with any other investment it would be wise to know into what you will put your money. Judge it, contemplate, it is your future!
First thing which I learned was not to day trade! It takes years of practice and nerves of steel. The main problem of day trading is that it is hard to make a decent profit if you diversify your investment. Then without diversification profit can be high but there is too much risk involved. Emotions are the main drive, which is not the best method of the judgement. I was thinking myself that I’ll be all right and this time not the casino but I will win. Well I didn’t 90% of my assets went down the drain! It was a little bit upsetting, but I learnt the lesson. I took a loss and I got over it.
The right strategy, what is it then? I have spent hours trying to think how to make good return. In the short term you rather have to be lucky, or extremely smart and educated. But not everyone is, also many people do not have enough spare time…
Now… Look back into the past… Bitcoins beginnings, no one believed, no one paid any attention. Price at the beginning of the july 2012 is 5$ today 2500$ that is an 500x increase!!!
There are projects at the moment of which value will increase greatly in oncoming years. The cryptocurrency will grow enormously in the next few years. All of the new ICO’s are just the beginning of the new economy. Which will shift entirely to blockchain. If the current whales of internet won’t adapt it, they will be wiped out of the earth surface. Does anyone remember Myspace, Netscape or Altavista?
Think!
-MaidSafeCoin current market cap $0.2bn I think it could get easily to S5bn If the final version is released and put into use that is x25 increase
-BasicAttentionToken current market cap $0.1bn anyone with three brain cells can understand potential of this project 1bn by the end of the year easily! x10 increase
-LBRY platform is aiming to be similar to netflix which is worth 62bn dollars at the moment. LBRY current cap i 0.03bn dollars if it grows only to 1% value of netflix you are looking at x22 profit !!!
-STEEM we are here because everyone is drawn by the potential of the platform. I’d say x27 return in two years!
-Iconomi the world is getting more and more interested in cryptocurrency. This platform will give 20x returns in the nearest future.

Those are only examples, there is many more. Some of this companies will grow 500x as bitcoin did.
Don’t miss it. It is a chance for all!![bitcoin.jpg]

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Patience is key! Those who try and get rich quick quit when they fail.

'patience is a virtue'... and the key :)

You have to be patient, but you also have to invest in cryptocurrencies at the right time, as in when they are as close to their bottom prices as possible, because then you have way bigger upside in the long-term. However, don't just invest in any coin that has reached bottom. Make sure you also like what the its technology promises and whether or not you see a use for it in the future.

By no means I call myself an expert. But it would be wise to hold investments until at least end of the first week of august. The situation is very tense right now in my opinion. But the future looks bright anyway!

I agree that the keys to success in this space are

  1. education
  2. allocating funds properly
  3. not looking for the quick profit
  4. education!

Be careful in the ICO market and dont jump in on the hype. Educate yourself and learn about where your money is going. Not all ICO's, currencies, etc are worth your fiat. Be smart and ask questions.

I was lucky myself. Because I burnt down most of the funds at the beginning. Then it started me thinking about different approach. I think I found a way !

very usefull....will try MaidSafeCoin

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