It is undeniable that some cryptocurrency traders have become millionaires through their successful investments. What is not as often discussed is the large number of people who have lost significant amounts of money trying to get rich by investing in crypto.
But one thing is certain. If you apply the right strategy, you will be able to double, triple, and even quadruple your investment in less than a week. But then, how do you do that? How do you find the gems like hex, Solana, Axie infinity at the early stage and what should be the strategy of properly investing in them, so that gains are guaranteed! In today's video, we'll show you step by step how to make 10 times your money in cryptos. This is a verifiable method that most investors use when they want to have big returns. At the end of these steps, we'll take examples from cryptos like Hex and STEPN to show you how well it worked for them and most others. And why other new projects like pulsechain, pulseX, and more could do the same for you
So, as usual, watch this video to the end, so you don't miss any details.
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So, before we start this video, we would like to make you understand something important. Indeed, crypto investment is a risky business, so it is important to take only smart risks, and not to invest all your money in crypto. And to apply well the strategy that we will give while respecting good management of your capital.
So, let's go directly to the first step.
STEP #1: IDENTIFY NEW CRYPTOS
The first step is to identify a newly listed cryptocurrency with a low market cap.
As we said earlier, these new projects are extremely risky. Anything can happen at any time. Especially for unproven cryptos. Unless there are important people you know behind the project because if not, you have to be careful.
So, in case you want to invest in the newly launched projects, you should be prepared to lose your entire investment. This may well happen. You should only invest the amount you can afford to lose. And since the risk of losing all your money is high, the chances of winning a large amount are also high. You can multiply your money even 30X in less than a week.
And for your investment to be profitable, you should opt for cryptocurrencies that have a market capitalization that is neither too small nor too large. Certainly, the risk that you run is greater. Because these cryptocurrencies are generally not well known. However, their earning potential is potentially greater compared to those that are well known. Fortunately, you don't need to be a scholar or an experienced financier to learn how to seize the opportunities. If you want to have earned potential with maximum security.
If you do not know where to find its new crypto project, know that Coinmarket cap publishes more than 50 new cryptocurrencies per day. So, what you need to do is to go to Coinmarketcap.com and search for recently added projects.
Once you have the list of projects in front of you, you will have to analyze these projects one by one until you find the right projects to invest in.
You're probably thinking, what are we looking for? How do we recognize the right project? Well, before we answer these questions, please leave us a "Like" if you have already benefited from this video, and don't forget to share if you haven't yet. Now, let's continue.
To recognize good crypto projects, you should especially look for those with a strong dynamic community. So, check out their Twitter page, and their Telegram group if they have one to see how many subscribers they have. And especially look if this community interacts with the project. If it's not the case, then there's a good chance you're dealing with a Scam. Or maybe these subscribers are not real people, but just bots.
Once the project has been identified as meeting this condition, i.e., having a strong dynamic community, you should also look at their website, and especially at whether the founders are reputable on social networks. Also look at the achievements of these founders, especially if their previous projects have been successful.
Always use the “Tokensniffer” site to see if it is a rug pull. Sometimes even a project that looks legitimate can be a rug pull.
Then check to see if they are listed on CMC or CoinGecko.
Then check their social media handles and if possible, integrate their communities. There, try to talk to people, developers, administrators. If you feel confident with the team and the way they handle everyone's requests, that's a good sign. User sentiment matters too.
If the team is not anonymous, if they have their own locked tokens, that's another good sign.
If the project solves a major problem that could be beneficial.
As far as capitalization is concerned, you should go for more than 5 million dollars because that's where the best gems are.
STEP #2: MANAGE YOUR RISK
Risk is an integral part of the cryptocurrency investment game. Like any other investment, there is always some market risk associated with tying your money to an asset.
Therefore, it is important to recognize how risk plays a role in your investment strategy and to have good risk management.
So, why should you pay special attention to crypto risk management? Well, there are a few reasons to consider.
First, even though crypto investing is already mainstream, it is still considered a complex and innovative technology that has disrupted traditional financial ecosystems. In particular, the growth of cryptocurrency trading around the world has proven how much cryptocurrency trading is accelerating.
This means there is always more volatility than, say, in the stock or forex markets. But remember, higher volatility in the cryptocurrency markets is a double-edged sword: it not only brings higher risks but also higher rewards!
Because of the larger fluctuations in crypto-currency price movements, crypto investors tend to be afraid of missing out when trying to identify great profitable projects. This is known as FOMO!
When FOMO sets in, an investor may not make objective decisions that can grow their portfolio, but rather make hasty, short-term decisions.
So, don't fall into the FOMO trap and recognize that you need to manage cryptocurrency with an objective strategy.
Another reason to be careful and manage to invest in new crypto-currencies is that you can learn from your past mistakes and improve the consistency of your earnings for the future.
This means that; if you invest in a project and lose, you should not despair because you will learn from your mistakes to do better next time.
It's a good practice to keep a journal of your investments and the tactics you used to make those decisions in the beginning. Improve this journal as you test projects. Some will benefit you, while others will cost you money. So, figure out why it didn't work out and correct it on your next investment.
Being good at this skill means that you can assess assets with certainty and experience the overall state of the market. In particular, there are social, economic, technological market impacts that you can invest in over longer periods.
If you are equipped with a fundamental analysis skillset, you will be able to make better investment decisions.
Crypto has its pros and cons that should be considered before trying to trade or invest in it. For example, on the one hand, crypto offers absolute secrecy and privacy, which is great, but on the other hand, the same privacy can hinder the detection of fraud and scams. So, choose wisely
Everything comes with its risks and benefits. You shouldn't blindly follow a crypto, rather do some research and then choose what is best for you. When investing, look into various risk management techniques to avoid any mishaps in the future. At this point, it's very uncertain and volatile which can make you either rich or poor!
The more you risk, the more you can gain.
Investing in many crypto-currencies can help minimize risk factors. A diversified portfolio minimizes the risk associated with the portfolio. Since investments are made in different coins, the impact of volatility can be combated. Some coins are extremely volatile while others are not.
You should always diversify your portfolio as greater exposure to different crypto. Ultimately, this will average out the odds of suffering a significant loss by a single crypto that will have fallen apart.
STEP #3: TAKE PROFITS
Once you have invested in crypto and it has made 10X, 20X, or 30X depending on your target, you must immediately sell everything in order not to suffer the correction.
You should know that there is no such thing as crypto that crosses all the time without making corrections. And as far as new crypto projects are concerned, in most cases, the fall is brutal. You can easily make 30X in one week, and the next week you lose your entire investment.
So, you need to set goals. Depending on the size of the project and its market cap, you can stop at 10 or 20X, even if the crypto continues to rise, you must sell everything when you reach your goal. You should know that most of these new crypto projects are destined to disappear. So, you should not hold crypto for too long, Except for the crypto that you are sure will last. Think about taking your earnings and investing in another project.
Another thing you should consider when investing in new crypto is to be smart. You should know that every developer who launches his project, his goal is to collect the maximum money possible. So, what you're going to do is look for a part of those earnings. Imagine you invest $1000 on a project, and 2 days later, your account shows $100,000. In this case, the smartest thing to do is to take the profit. You should absolutely withdraw as much as possible. Maybe even 50 or 80% of your investment. And in this case, even if the crypto falls back aggressively, you will still be in profit. There, you will have made a lot of money even if it fell a few days later.
Now, you may wonder why you would leave the other 20% in your wallet. The answer is simple: You should always leave some crypto in your wallet to anticipate another possible rise. And that way, no matter what happens, you will always be a gainer. So, you get the idea.
You should always take profit, and why not re-invest them in other more secure crypto like Ethereum, Solana, Matic and more.
STEP #4: LEARN FROM THE EXPERIENCE
If you start and feel like you are always losing, you must not give up, so you must start the process over and over again and when it becomes your daily routine, you will be able to start making huge gains.
Learn from your mistakes, even if you don't win right away, as you do it again, you will understand better how it works.
Let's recap, if you also want to make exponential gains with crypto, you need to follow 4 simple steps.
First, you need to find a way to get the crypto before anyone else.
Second, you need to manage your risk well.
Third, always take profit and leave a small percentage for a possible upside.
And finally, you need to make sure you learn from your mistakes and know that experience is important.
Now, let's take an example of a crypto that has made exponential gains.
Let's talk about STEPN.
STEPN is a lifestyle web3 application with fun social elements and gamification design. Users equipped with NFT sneakers walk, jog, or run in the great outdoors to earn GSTs, which can be used to level up and purchase new sneakers.
Players can choose to rent or sell their NFT sneakers on the in-app marketplace. Users' GST earnings are stored in the app's wallet, which has a built-in trading feature.
The project was launched on March 9, 2022, and the initial price was $0.15, and later on April 1, it hit its current ATH which is $3.2. which is almost 20X.
Everyone who got this crypto at the beginning multiplied their money by 20 in just a few weeks. And even with a small correction, the crypto is still in the green. So, suppose you got this crypto at the beginning and invested $1000, that would make you $20,000 at its ATH. And if you decided to swap 80%, you should be left with a little less than $4000 with the slight correction.
So, if STEPN continues to rise, those who bought it can continue to take profits again and again.
So that's how it works.
Imagine crypto's like Solana, Axie infinity and others who have done the same! You will always have to watch the new crypto launches, and know that 99.99% of these cryptos will disappear. But when? that's why it's important to take profit once you've had a lot of gain. Don't leave it all in, take out a good half especially if you are not sure of the reliability of the project.
Another crypto we should take as an example is HEX.
Hex was launched in December 2019 at $0.00027 and today it is worth $0.13 after hitting its ATH at $0.5.
Hex made at least 10X one month after its launch.
For someone who invested $1000 at the beginning, he would have collected $10,000 a month later. Applying our strategy of always leaving a little bit of token for a possible rise, if we suppose that after taking your profit, you left let's say $2000, on September 18, 2021, you would have made almost 200X. So, you see how applying this method effectively can be beneficial to you?
So, for every crypto we want to invest in, first do some research beforehand, then, once your investment is in place, wait for a good opportunity to take profit without emptying your investment. You should always leave a little for a possible rise. In case the crypto continues to rise, you will be a winner, and in case the crypto goes down to the end, you will not lose out since you have already been safe and profitable for a long time.
Let us know in the comments if you would like us to do daily reviews to show you promising new projects to invest in.
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