The Power of Possibility: How Cryptocurrency Can Transform the Lives of Everyday People

Do you believe that cryptocurrency will change your life? Cryptocurrency is not a gambling tool but an investment market, this is not recognized among many enthusiasts. Many still lose money by relying on leverage or borrowing; these characteristics cause big failures among new investors. But how does a person succeed in the crypto world?

If a person focuses on mainstream currencies like Bitcoin or Ethereum, does he succeed? If you look at the trading world, you can see that when Bitcoin reaches the top, every coin increases its value, and if Bitcoin falls, every other coin is going to zero. Therefore, it is not possible to do frequent transactions with altcoins, but hoarding coins is a much better way to protect the money or increase its value.

Spot arbitrage is also the better way to generate income, and cloud mining has more than a 30% annualized rate of return, but this can be achieved with the correct formulation of stop rules and avoiding emotional activity with the market.

It is common in the crypto world that Bitcoin suddenly falls more than $20, and all of your investment in meme coins goes to zero in a single day. If you do not believe me, then look at Pepe’s coin; without any fundamental support, it gains and loses. How can a person trust these projects for investment? Historically, 90% of the contract traders liquidated their positions due to high leverage and fell into a debt crisis because of borrowing.

Indeed, there are many stories of success; some people make money through leverage and spot trading, and some people make a fortune by just holding Bitcoin for a long time. But one common thing in them is that they have accurately judged the timing of the operation, performed strict position management, and implemented long-term accumulated cognition. The real advantage of the crypto world is that you can enter into the crypto world with a minimum threshold for participation. You are not required to invest millions of dollars, and you can start with $100–$1000. If the crypto project is new, you can obtain excess return by contributing to project tokens, liquidity mining, or cross-market arbitrage.

Finally, you can achieve success if you use 5%-10% of your spare money for mainstream currencies. Develop your skills in respect of smart contracts and perform data analysis on blockchain. You never achieve success by just holding coins, but you need to be involved in derivative business, perform exchange promotion, and do some community operations.