From Zero to Crypto Hero: The Ultimate Guide to Making Money in the Crypto Universe

Are you a serious investor or a short-term investor? Many people enter the crypto world with a dream of financial freedom. They often try their luck with high leverage and chase FOMO. Many of them are inspired by the KOLs’ orders. The results are always disastrous like account value shrunk by 80%, and they seek other methods to make money.

Why people lose money

1. Because they never realize the crypto market is not run on emotions.
2. They never have the patience. The market always runs cyclically from bear to bull and bull to bear.
3. Most people enter the market with FOMO and never have the plan or strategy to trade.

The real nature of the market

1. If you enter the crypto market for the short term, information asymmetry is essential. You need to know that the KOLs, VCs, and banks are working together to create waves in the market.
2. If you are entered as a long-term trader, you need to learn the trend. For example, for each bull or bear, there is a narrative like BTC halving, DeFi, GameFi, etc.
3. If you have neither short-term nor long-term goals, then you are the gambler; you do not believe in systematic trading but rely on feelings and impulses.

How to make money: Spot

1. The core idea is to buy low and sell high, and this will be possible if you have collected high-quality assets.
2. If you buy in batches and sell in batches, you will avoid greed and fear in the market.
3. If you decide to go for all at once, you are never able to control position and risks.

How to make money: New project

1. The crypto world catches people’s attention, and every day you can listen to the news of the new project’s arrival. So why not take advantage of airdrops, IDOs, and pre-sales?
2. You need to determine which new crypto projects have real growth potential.
3. You should be rapid to learn the movements of VCs and institutions.

In summary, the crypto world gives you high rewards, but it is a highly inhuman market. Your emotions have nothing to do with the project, so better risk control strategies make you survive in this world for a long period, and you can achieve your dream. Thanks for reading.