WHAT DO YOU WANT TO BE, A CRYPTO TRADER OR INVESTOR?

Are you new to cryptocurrency? Do you have some money that you would like to invest in some cryptocurrencies or tokens? I am guessing you know little or nothing about cryptocurrency and probably the only thing you know about crypto is bitcoin and ethereum.

Now, you have people in your Dm, posing as crypto experts talking about coins you know nothing about. They promise you 100x in a short time. Well, I am not saying it is impossible to make a 100x from a trade–it is very possible.

However, before you make any monetary commitment, I think you should determine if you are in this for the long or short and what the pros and cons are for whatever you choose to do with your money (because you are solely responsible).

Speaking about responsibility, you must be responsible for whatever financial decision you make, thus, it is imperative to do your research. Never give your money to anyone promising too-good-to-be-true profits, they are often accompanied by a huge risk.

I understand many people do not have the time to do their research but at least know who you are giving your money to. Word of mouth is not sufficient in this case. You need to know their track record and investment strategy.

Now, I usually advise people to get into cryptocurrency and by that, I mean knowing what it is all about; finding projects that align with your values and sticking with it. You will be amazed by the wonderful innovation taking place in this place and how you can contribute meaningfully to its growth.

There is more to crypto than pumps and dumps. This is the part of crypto that is still unfamiliar to many, unfortunately, but those who have delved deep enough, have found hidden gems.

Going long-term is better than going shot and that is what investors do. I was reading about a billionaire who invested in Solana before it blew and this was years before the bull run. He believed in the project long enough to see it through the bull run. This is just one of the perks of going long-term.

When playing short–which is the way most traders play- the risk and gains are quite significant. It is an emotional roller-coaster not too many people have the stomach for, including myself.

I have been in the crypto sphere for about 4 years and I still don’t know how to read charts but I can say I have made life-changing money by just being part of the growth of cryptocurrency and blockchain technology, and I have also helped people start their journey as well.

But I don’t have money to invest long term?

I often get this question a lot and it is quite funny to me. It is funny in the sense that I know hundreds of people who started their crypto journey with nothing.

The best way to get into crypto is with nothing. This enables people to research and find out what works and not. It is not the most ideal situation but it is doable and the upsides, in the long run, are massive.

There are various ways of earning crypto without capital investment. For me, it has been writing. I have leveraged my skillset to create wealth for myself via a platform called hive. I also know artists who are making it big in the NFT scene. So there is a massive opportunity for everyone, you just need to find where you fit.

It is also important that I state here that investing isn’t only in terms of money. Unlike trading or playing short, you have the opportunity to invest your time and creativity in a crypto project that will result in not just financial gains but also help the crypto ecosystem grow, which is a win-win situation.

I don’t have anything against trading but it is certainly not for everyone and the crypto sphere is more than just hodling, speculating, and exchanging coins. Take your time to find out what’s occurring in this space and you will fall in love with the technology.

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