Crypto is the easiest way to make your first million (even I did it)
But only 10% will keep their gains
90% will end up with $0
A 🧵 on how to be one those 10%
If you’re not a millionaire yet, read this: 1/20
Before we start...
I'll likely make my profile private soon, so make sure to follow me , like and repost to share it with friends so you won't lose it later.
1/➮ Making money on crypto can be hard but keep it is the thing that 90% fails with
✧ That's why its important to learn from other's mistakes and create your own rules
Let's dive in more👇
2/➮ I made over ~$5M in crypto, lost almost 100% of all my money many times before did it
✧ The rules can be divided into 3 stages:
- System of rules
- Taxes
- Personal Life
- Diversify
Let's go over each one separately👇
1/➮ System of rules
The most important thing - in both life and trading - is discipline.
And to avoid acting on emotions or making impulsive decisions in tilt, which lead to a single way: empty pockets
You need a decision-making system.
3/➮ Now, more on how to keep:
First and most important: Withdrawing crypto and paying taxes aren't optional
✧ Many pple know that selling or trading can trigger a tax bill
✧ But very few know that there're countries where these rules don’t apply and there're simply no taxes
4/➮ List of places without taxes
- UAE (Dubai)
- Puerto Rico
- Malaysia
- Switzerland
- El Salvador
Move smart, and you won’t have to lose extra percentages of your profits
5/➮ The next important aspect is diversification, which many people neglect
✧ I've heard dozens of stories of ppl losing millions simply because they kept everything in one token or sector
✧ That’s why this is the key to preserving your portfolio balance
6/➮ This also includes keeping your money in different places (cold wallets, exchanges, etc.)
✧ As well as investing in real-world assets like property, starting real-world businesses, and so on
✧ All of this protects you from relying on a single source of income
7/➮ The last, but no less important thing, is personal life changes - cause your lifestyle will change significantly
✧ But that doesn’t mean you should spend everything in one month buying unnecessary luxury items
You need to act smart and focus on building long-term wealth
8/➮ Big money also brings anxiety, euphoria, greed, and various fears
✧ Because of all that, it’s easy to make bad decisions and lose a lot
✧ That’s why the most important first investment you need to make is in yourself
✧ Read a lot. Rethink what you have, what truly matters, and how to be happy - then make decisions.
✧ It’s sad to watch so many wealthy people - especially those who got rich fast - forget that the whole point of this game is to be happy, not to chase made-up ideas of “success”
✧ Money gives you freedom — the freedom to live for yourself.
✧ Don’t start living for others, basing your choices on what random people (who don’t even matter to you) might think. (No idea who you’re trying to impress wearing a 300k watch)
9/➮ So, learn new skills, manage your wealth wisely, take care of ur health
✧ This way, when right moment comes, u'll know what to do and how to think without getting stuck in negative emotions & panic
✧ Traveling, meditating, and similar activities will also help with this
10/➮ Sudden wealth is a common thing in the crypto world, and it can come at any moment
✧ That’s why it's important to know and be prepared, so you don't make simple and foolish mistakes
✧ Also, remember that wealth is easier to manage when you're not doing it alone
How to profit from the AI Agent Revolution
Link:
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