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In the following post, I will teach you my tactics, tips, and how to turn 5 thousand dollars into more than one million dollars in less than 3 years.
The tips I will share here are also valid for people who have 100, 500, or 1,000 dollars; the only difference will be the time to reach a million, but the result is the same.
1st Choose the coin... It can be 5 cryptocurrencies, 10 cryptocurrencies, or more.
-Why?
These will be what will advance your initial value; it is necessary to choose them very well.
The initial purchase would be for several cryptocurrencies; I recommend buying in increments of 100 dollars for each cryptocurrency.
$HUMA - $PEPE - $SHIB could be examples; you would spend 300 dollars, buying 100 dollars of each.
Would it be risky to buy 50 different coins at 100 dollars?
Actually, no, because you are not buying just one, but several; you can be sure that many of the chosen coins will appreciate.
When they appreciate, what to do and when to sell?
That remains a personal decision for you, but I recommend selling between 50%, 100%, 150% of the invested amount...
Do not expect long and impossible dreams, thinking that Pepe or Shib, for example, can reach 1 dollar; that will never happen.
And if one drops in value, what to do?
If a value drops significantly, like 50 dollars (which can indeed happen), I recommend reallocating the amount again (when you sell and make profits with the others); thus, if you buy again, it will be as if you had bought 200 dollars worth, but only spent 150; thus, with the increase in the coin, you can earn much more than you expected.
And the profit, what to do with it? Reinvest and reinvest always, without haste, without fear...
Binance notifies when a coin will be delisted; just stay alert to your email; if you are notified about any, just sell.
This is crucial, buy well-known coins and very attractive projects when you have a lot of dollars; your profit will be immense.