Are there specific strategies to becoming a crypto millionaire?

in SteemitCryptoAcademy2 years ago (edited)

I have seen several people leaving their daily jobs to enter into cryptocurrency because they think it's a place where fast money can be made lol. Some people have done it and Excel but that doesn't mean what works for Mr A will work for Mr B. Crypto Rover (@rovercrc) is an example of a successful crypto enthusiasts who left his McDonald's job in 2016 to become a full time crypto investor but several people have also tried that and got lost.

Getting into new business or opportunity can be dilusional atimes, I could remember when I got into crypto few years back, my popular slang was WAGMI meaning we are all gonna make it together but is that actually true? Of course it isn't.

Becoming a crypto Millionare requires a lot. Take for instance, Ben Amstrong popular called Bit boy crypto, aside the fact that he's an early investor in Bitcoin, he has a YouTube channel with over 1.5 Million subscribers and over 1M followers on Twitter where he shares crypto news update, market trends, technical analysis and other new innovations in the world of crypto and blockchain technology across his SNS which has earned him recognition and influence. It is true that when you create influence, money will flow in, no wonder he's now worth around $8M.

Embracing cryptocurrency is not a sure way to financial stability. As a matter of fact, it could lead to severe financial loss if one do not do his own research well. To succeed in this space, one must be knowledgeable enough. It's a common parable that people wants to follow who knows the way. Know when opportunities knocks at the door, be patient, remember it took Bitboy almost a decade to hit a million dollar from his BTC holdings.
.
Are there other ways you think one could explore or apply to succeed or be financially stable in the crypto space? please feel free to share.

Sort:  

With my little experience, I could only suggest navigating a reputable Exchange earning features like shark fin, trading contest among others while HODLing some potential tokens as I'm already holding UNFI, KAS as well as BTC.

Becoming a millionaire in cryptocurrency trading is not a joke or a reality that should be expected to happen overnight. You will need to be particular about it and be dedicated, give more to it like your success truly depends on it. You first need to see the potential of Bitcoin or major currency you like and save it like those fortunate millionaires who bought bitcoin cheaper when it was lesser than a penny. Gracy Chen, Bitget CEO said she bought Bitcoin when it was around $300, now she's a millionaire. So, read about successful crypto traders and follow their steps. You can venture into copy trading and save your profits gradually till it reaches your goal, remember, it's not a get-rich quick scheme, so DYOR and give it time. I wish you Good luck.