There are three types of people who are keen on trading cryptocurrencies:
1. Addicted gamblers
2. Rational speculators
3. Rich people who need to allocate quality assets
Their corresponding outcomes are:
1. No different from gambling, losing money as easily as winning 2. Continuously accumulating vast wealth, even achieving financial freedom 3. Property continuously appreciating, outpacing inflation
If you are an incurable gambler, then you are no different from those who win some money and spend it all on lottery tickets. This type of gambler is concentrated in the contract field.
Most people are or want to become the second type, including myself. Next, I will tell you how the second type gradually moves towards financial freedom. 1. If you are unwilling to put in any cost (timing, money, energy), you can choose to dollar-cost average into Bitcoin or Ethereum; during the next bull-bear transition, you may achieve some returns, but do not expect to attain financial freedom. For a 20,000 cost example, if luck is on your side, you might earn a few thousand. $BTC
2. If you are willing to invest a reasonable cost in all aspects and want to gain better returns, even financial freedom, then you must keep reading!
Taking 20,000 as an example, not a lot, if you ambush a hundredfold coin, you can only obtain around 2 million. However, for everyone, this is a crucial leap in accumulating wealth.
