Can Crypto Investing Make You Rich?
Dispelling the myth that Crypto Investing is a get-rich-quick plan with 3 proven crypto tips for beginners (Spoiler: They don’t include luck or hope).
The pandemic and economic downturn that followed propelled an unprecedented amount of people into pursuing ways to generate passive income. Is crypto the answer?
The answer is a little more nuanced than you might think.
When it comes to building wealth or smart passive income – or money earned with no active or direct involvement – crypto investing has become a home run for many, especially with the unstable economy raising more prices – as well as questions about whether or not traditional investments are safe or worthwhile.
With some countries adopting cryptocurrency as legal tender and other coins expected to grow exponentially in 2022, the question only becomes, not if you should invest, but when.
The slew of information available online about the ins and outs of cryptocurrency can feel overwhelming especially if you are a beginner. But breaking down the basics and simplifying the future of crypto investing so you can generate passive income or even build generational wealth for your family can be as simple as a little bit of research and a little bit of patience.
What is cryptocurrency?
By definition, cryptocurrency – or “crypto” for short – is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography rather than by a centralized authority.
Learn more about cryptocurrency basics here.
Can Crypto Investing Make You Rich?
The million-dollar question (pun intended) that many begin their crypto journey with simply means more knowledge about crypto is needed to fully grasp the breadth of opportunities crypto brings.
Sure, there are those who have gotten lucky and raked in a fortune. But similarly to the lottery, most people who bet on luck alone end up spending more than they make and end up frustrated at their losses. This is largely because hope (or luck) is not a strategy for investments of any kind. But if you take a closer look at successful crypto traders who became millionaires from their investments, they likely leveraged a big-game strategy that went a lot further than reckless buy-ins and hope alone
3 Proven Crypto Investing Tips (That Do Not Include Hope or Luck)
Before you dive in with false hopes of becoming an overnight success, consider these three things to help you along your crypto journey that use more than hope to bolster your assets.
- Only invest what you are willing to lose. Investment of all kinds involves a level of risk. Determining your comfort level is key. Investing recklessly with money you can’t afford to lose could mean losing more than just __. And investors with a ton of money to blow – without employing one or more strategies – could miss a promising chance at early retirement.
- Make sure you understand the risks. We know investments of all kinds come with risks, and cryptocurrency is no different. Regardless of the steps you take to protect yourself, it’s critical to understand that crypto is speculative in nature, meaning no matter what you do (or don’t do), you could lose money or worse, fall victim to scams if you aren’t primed on security best practices or are prone to outside influence that ‘promises’ to manage your investment for you (which many scammers leverage in an attempt to have you hand over your assets, never to be seen again).
- Be realistic. Compound investments take time to grow and patience plays a pivotal part in your crypto success. If something sounds too good to be true, it probably is. That’s why a good long-game strategy is multi-faceted and requires a multitude of things such as learning, experience, risk assessment, diversifying your holdings, and leveraging the latest advancements in tech to maximize your earnings.
Among the latest and greatest in tech advancements is crypto bot trading, a user-friendly system that requires low user effort and brings high returns.
A brilliant marketing strategist, Dan Hollins, spent millions of dollars and countless hours cracking the crypto code. He wanted to master the intricacies of cryptocurrency to ensure that his investments grew, without having to spend hours a day at a computer like day traders.
Forward-thinking trendspotter and marketing mastermind responsible for the success of 20,000 Amazon sellers, Dan created The Plan; a crypto investing training program that teaches crypto bot trading that uses AI automation to do the heavy lifting for you. The Plan uses bots that, when configured properly, do the trading for you and are programmed to only make you a profit. In just one weekend, you can learn the groundbreaking crypto investing strategy for yourself and be generating cash flow while you sleep, making it a perfect learning experience for beginner investors wanting to generate passive income for their families.
Get Rich Quick? Or Slow and Steady Wins the Race?
To make it clear, crypto is not a get-rich-quick plan. While people of all socioeconomic classes have seen great success, more often than not, they used a masterful combination of patience and strategy, far more often than mere hope and luck to achieve such outcomes.
The Plan is a revolutionary program that allows everyone from all walks of life to take advantage of crypto investments and provides all the tools you need to be successful. Sign up today and receive 12 real-value bonuses, including live Q&A support, a Facebook community representing seasoned crypto traders from over 30 countries, and intel on how I made $6,000 in 6 days!
If you are a beginner and would like to learn more about cryptocurrency, check out my five-part series that equips you with everything you need to know about crypto and how to get started.
The Expat Entrepreneur
Online business expert with a unique approach to matching people and their resources with the best business model to offer that individual the highest chance of succeeding. She is also a crypto enthusiast and investor and a skilled digital marketer who promotes programs and services that she has personally vetted to her inner circle.
DISCLAIMER: The information provided on this channel does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is for educational & entertainment purposes only and is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is a high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
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