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Invest in Quality Coins
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| First and foremost, to secure long-term profits in the crypto market, it’s crucial to invest in quality coins with real value behind them. |
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| While investing in meme coins or shit coins can yield significant short-term gains, it’s essentially a game of luck. |
| If you do manage to profit from these investments, the temptation to reinvest in similar projects is high, but repeating success in this volatile segment is unlikely. That’s why I don’t recommend it. |
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| Instead, focus on investing in projects with real utility, those that are likely to survive over time and attract significant interest. |
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Now, how to get to $100,000?
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| It largely depends on how much you’re initially willing to invest. |
| We expect Bitcoin and Ethereum to potentially yield 3 to 5x returns over the next year or so. If you’re in a position to invest $20,000, reaching a $100,000 portfolio could be quite straightforward. |
If your starting capital is smaller, you’ll need to take higher risks.
This will involve investing in lesser-known, smaller coins that have the potential for 20 to 50x returns. |
| Looking for top coins in emerging sectors like AI or gaming can be a wise choice. These areas have the potential to deliver excellent returns if they gain traction. |
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Holding vs Trading
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| It’s a tough fact to face, but about 95% of traders lose money. |
| When you trade, you’re competing against big companies with the best tools and people who really know what they’re doing. They have all the data. |
Trying to make quick money by trading can work, but you can lose it just as fast.
If you’re not ready to dive deep into trading and really study the market, it might be better to avoid it. |
Crypto generally rewards those who hold on to their investments.
So, consider holding onto your quality coins for a long period (months or years) and sell a portion when you see substantial profits. |
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Secure Your Cryptos
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| Making money is great, keeping it is even better. |
| Over the years, I’ve seen too many good people lose fortunes to scams and mistakes. To protect yourself, here are some golden security rules everyone should follow: |
- Cold Wallets:Â As soon as you’ve invested a few thousand dollars in crypto, move your assets off exchanges and into a cold wallet that only you control.
- 2FA Security:Â Always use two-factor authentication on your accounts to prevent unauthorized access.
- Email Caution:Â Be wary of emails related to cryptocurrencies. Don’t click on links directly. Instead, copy and paste the URL into your browser or type it manually.
- Keep Secrets:Â Never share your seed phrase or personal information with anyone.
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