The market is getting harder and harder. The sheer number of market participants, the maturity of the market, and the sheer number of algos and bots bombarding the market make profiting not as easy as in previous cycles. So, what should be done to increase the chance of succeeding in crypto?
#1 Improve Education and Literacy.
To increase the chance of success, we must become more educated and understand literacy very well because the market has become hypercompetitive. Even if we have increased our educational literacy significantly, it also does not guarantee that we will be 100% successful in the market, especially if we are not literate at all.
**#Be Adaptive
In an ever-changing market, the only way we will lose is if we tend to stagnate. Be adaptive and look at opportunities from many angles. When we see opportunities on many fronts, we are much more likely to succeed.
#3 Learn from other people's experiences.
When you want to enter the market, try to learn from the experiences of those who are already in the market. By studying others, our chances of not making the mistakes they did are also higher. At least we learn the mistakes of others to not repeat them to ourselves.
**#4 Record the Progress You Have.
Every time there is a special milestone, try to record the achievement. By taking notes, we can understand the increase in progress we make from time to time so that we can continue to make improvements.