Is there a stable path to wealth in the crypto world? Veterans tell you the answer
People often ask: Can you really make money on a stable path in the crypto world?
I can responsibly say: Yes! But the premise is that you understand clearly and are patient.
As a veteran who has navigated the crypto world for many years, I have summarized seven pieces of advice based on my personal experience to share for your reference:
1⃣ Ensure continuous cash flow from outside the market
Whether you are a salaried employee or an entrepreneur, stable income from outside the market is your confidence to survive in the crypto world. When the market is volatile, having cash flow allows you to stay calm, composed, and avoid panic selling.
2⃣ Immerse yourself in the market and learn humbly
Stop always looking for shortcuts; take the time to understand projects, learn trading logic, and comprehend market structures. This is the foundation for lasting success in this market.
3⃣ Regularly invest in Bitcoin as a long-term base
BTC is the anchor of this market, the digital gold. **You can invest a portion monthly as a savings account, not easily shaken, not easily sold, unless you are in urgent need of money.
4⃣ Allocate a portion to quality blue-chip assets
Besides BTC, you can also regularly invest in ETH, SOL, AAVE, and other blue-chip projects. These are essentially “assets with a lifecycle” and are worth long-term attention.
5⃣ Maintain small positions for high-risk, high-reward projects
For example, some early-stage projects, first-level opportunities, or small tokens; be sure to control your position size. If you make a profit, know when to take profits and secure your gains. Don’t be greedy and don’t go all in.
6⃣ Always remember not to recklessly increase leverage, and never borrow money to trade crypto
Many people lose their fortunes due to a lack of risk control and blindly increasing leverage. Remember this: the money you earn may be luck, but the money you lose is definitely due to insufficient understanding.
⚠️ Special reminder: Those who teach you to “borrow to trade on Binance Alpha” are essentially scams; stay away!
7⃣ Never forget: Greed is the greatest risk in the crypto world
In every bull market, there are “millionaires,” but more people are hurt by greed. The market is always there, opportunities are always present; don’t rush, stay steady, and take your time.
By avoiding greed, laziness, and gambling, and relying on long-termism and cognitive upgrades, you can also carve out your own stable path in the crypto world.