Cryptocurrency has been a hot topic for many, for quite some time now. However, few people fully understand the concept and it can be overwhelming if you are not familiar with the market yet. Like any other investment, it is best that you dip your toes into the crypto pool first before going any further.
Last year, it felt like crypto prices would only go in one direction and investors couldn’t be wrong. But today, many cryptos are down 60% or more from their all-time highs. It’s a stark reminder that these are risky investments that can go down as well as up.
Those who have a financial education and understand the fundamentals of crypto trading are able to make money even in a bear market. Those who dive into it purely on the basis of their emotions and without research or education may end up losing all their savings, even in a bull run.
Crypto billionaire Xavier Aponte shares with us his 5 golden rules for investing in this booming blockchain technology. Xavier, who went from $1.16 to his name in 2014 to become a crypto billionaire, is the founder and CEO of Juice Crypto Consulting and 5th Dimension Studios.
Golden Rule #1
Never risk money you can’t afford to lose. Many people go overboard and cause financial crises for their families and themselves. POLICY RULE: Implement reasonable risk control. By doing this, you will avoid making bad decisions, a maximum of 3-5% of your portfolio.
Golden Rule #2
One way to survive crypto volatility is to invest with a set course of action before executing any buy orders. It is imperative to have a defined long and short term strategy. Having a long-term strategy is difficult, but it’s an approach that will help keep even prolonged declines in perspective and avoid making irrational and emotional decisions.
Golden Rule #3
Connecting to a community, interacting with and understanding the thought process of like-minded investors is an underrated strategy. You might be the most experienced trader, have an understanding of all the trends but don’t know what you don’t know. There is immense strength in numbers. Ignoring the power of a community, especially in the NFT space, is a big mistake.
Golden Rule #4
Find a mentor. I can’t stress enough how important it is to be under the mentorship of someone who is doing better than you, to have more experience in the industry, and to be in a position where you imagine yourself 10 years from now. from now on. Choose their brain and breathe the same air they breathe. This will help you, both in the short term and in the long term. While you’ll start making better trades and investments almost instantly, the billionaire mindset and mindset you’ll acquire will take you far in life.
Golden Rule #5
Find a niche you like in the crypto or NFT space and stick with it. Find out what area you want to venture into in this crypto space. There are so many slots to choose from. Having one foot in everything may sound appealing to a layman, but it’s actually a big mistake. A person cannot have expertise in all niches. Identify what interests you the most and dig deeper into it.
The most basic rule:
DYOR. Never buy a cryptocurrency that you haven’t thoroughly researched. We all live busy lives, and it can be tempting to put a small amount of money into an altcoin you’ve heard about online. But it’s your money and there’s a lot of misinformation out there. Only you know your investment strategies and objectives. Research does not guarantee success, but it greatly reduces the risk of being scammed or buying crypto that does not have good long-term potential.
We thank Mr. Aponte for sharing his years of experience with us. We would also like to inform our readers that Mr. Xavier’s book, which will describe his step-by-step investment strategies, will be available to everyone very soon. This will give insight into how he went from being homeless to becoming a crypto-billionaire, and how anyone can do it too. As Xavier said, “Follow the trends, they are your best friends”.
He is also a mentor to over 5500 investors around the world and you can visit his website for more details on his background.
That said, Xavier is on a mission to transform the lives of a million people around the world and is ready to lead the way for those who are COMMITTED to their dreams.
The question is: are you ready?
Trade Name: Juice Fundamentals LLC
Telegram: @Bitcoin_Zae, @JuiceTrading @5thDimensionStudios
Twitter: @XavierAponte14, @5thDimenStudio
Snapchat: @thewizzardzae @bitcoin_zaeee
E-mail: [email protected]
Instagram: @juice_crypto_consulting @5thDimensionStudios