How to escape with generational wealth?
Boom and Burst Cycles will always be there but what's key is how to navigate and come out among the champions or winners.
Many Key figures in the global Financial Markets have consistently warned about a black swan event, some call it the greatest Market Crash ahead.
I will only focus on Crypto in this particular article and give major hints on what you have to do!
Crypto Projects are mushrooming every day and get listed on crypto exchanges.
A lot of projects Crypto raised funds through Initial Coin offerings (ICOs) similar to IPOs in stock markets, then Initial Exchange Offerings to create streamlined legal regulatory clarity and so many other ways.
Much as adoption is exponentially growing and legal clarity is slowly taking shape, Caution is needed.
A lot of the Crypto we see today will not survive in a few years to come and many people will lose a lot of money. In fact many have already perished to date.
Remember what happened to the likes of pets.com, Webvan and boo.com etc during the dot.com Bubble.
On the other hand, Companies like Amazon, Microsoft, and eBay who survived are giants today and a few who navigated that hard landscape well and bought their shares made significant fortunes.
During such transitions Fortunes are made or lost depending on how you position yourself.
How to position yourself in Crypto that even if such a scenario happens you will come out victorious?.
1. Don't just speculate, invest in Crypto assets/projects with real world Utility and that solve real World problems. Projects with strong and wider ecosystems.
2. Invest in Crypto projects with Visionary Teams behind. Any given project can only be as good as its leaders.
3. Gold has proved to be a store of Value from time to time. Allocate part of your Investment in a project or projects likened to gold in terms of Functionality (Digital Gold). Why is Bitcoin called digital Gold? We will discuss in the next articles.
4. Diversification is key. Crypto Currencies serve different purposes depending on each one's category or Narrative. Build your Crypto portfolio based on different Narratives e.g, Store of Value, DeFi (Smart Contracts), Cross border Payments, Decentralized Physical Infrastructure Networks (DEPIN), Real World Assets (RWA) Artificial Intelligence, Metaverse, Decentralized Science (DeSci), NFts and a portion into Memes etc.
5. Store and Secure your Crypto. Remember what happened to FXT Exchange?!🤔 Now you know what can possibly happen! Store your Crypto by yourself either on a hot wallet or wallets (online) or most preferably offline (Cold Storage) or
👉 If you do all the above even if the greatest Market Crash happens, you will come out Victorious similar to those invested in the tech companies that survived the dot.com bubble.
Generational Wealth is going to be made.
Not Financial Advice, always DYOR.
Peace Love and Harmony.