~LONG POST~
I've had 3 years & some months in the market & Honestly I've learnt a lot but at a cost. You can imagine the price of crypto's back then & I still missed out😕
At 1st I thought crypto was an overnight or get rich scheme...shock on me.😂
1]Started trading futures:
Trading futures was quite a thrill. Without proper knowledge of leverage+ greed, I'd lose a lot & still lost more: Reason being..I couldn't control my greed
2]Trading Bots:
I decided to try bots since after setting parameters or copying one I could control my greed. It did work for sometime though I noticed something.
*Bots want someone with a substantial amount to trade and if possible your leverage shouldn't be more than x10*
3]Copy Trading:
This is the kind of trading that always had me on my screen. At a point I had more than 10 traders I had copied😂😂. why did I leave? A trader would for example turn $10 to $40 then eventually lose everything. So many people pretending to know how to trade and they don't.
¶{At this point I was almost giving up}¶
After critical thinking I opted for a safer and better way to trade without losing capital.
4]Earn & Staking:
I believe this is the best way to trade and not lose your capital. I started accumulating major coins and subscribing to simple earn. Why?
Example:
A)Say you bought $SOL at $140
°Its currently atvaround $162. You've made $22 plus the cumulative interest from compounding.
°You can take a #Binance loan against your Asset hence no need to sell your assets to get emergency cash or just cash as long as you watch your LTV. √The interest is so low√
∆Targets∆:
1)Solana= 300
2)Ethereum= 5000
3)Dot= 50
4)BTC= 150,000
5)BNB= 1,200
6)XRP= 10
Final thoughts:
This is my #crypto journey so far.Its been expensive but worth it. Would I ever contemplate on leaving crypto? NEVER. Believe me this is the future.
I'll attach a PIC of the coins I've accumulated so far.
