Description
This video is to motivate those who are contemplating getting into cryptocurrency currency investing and to show you that it is not necessary that you start with a lot of money IF you're able to get in early enough and buy the right cryptocurrency at the right time. It may take YEARS before you're able to 100x or even 10x your money ...but isn't that the way it's always been? So please don't get discouraged when you see that some of us do a 10x, 100x or even a 1000x or more just within a matter of months.
In this video I show how my $376 investment in a cryptocurrency grew to over $47,300 in about 5 1/2 months time. Of the 70 Cryptocurrencies that I have invested in, this one has been one of my best performers. We're talking about greater than 10,000% in less than half a year. There are different strategies that different investors use and each one has their merits. Each investor must find their own strategy based on their risk/reward tolerance; goals and objectives; timing; available resources; etc.
Many would tell you to just HODL (Hold On for Dear Life) ...meaning don't sell until your goal it reached. Others will tell you to master trading, where you sell at presumed peaks, then buy back at the dips thereby increasing your portfolio. There are pros and cons to either strategy. And some people are long term investors investing now hoping to reap the rewards years from now when the cryptocurrencies that are still around have gone mainstream.
Some would say only buy the blue chip cryptocurrencies like BTC; ETH; ADA; XRP. And some are maximalists who believe you should ONLY invest in their favored coin. Others believe in diversification. Again, there are pros and cons to the various strategies. You have to find the one that works best for you and be realistic with your expectations.