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by COINS NEWS 126 Views

I will share the strategy that helped me grow my portfolio from 3k to 20k, which I plan to use again. I've tried leverage trades and options, and it never works out. The steps are as follows:

  1. find a few promising cryptocurrencies with strong fundamentals and projects that you believe in, such as ETH, MATIC, XRP, and of course, BTC.
  2. Transfer these coins to a wallet and write down the seed phrase on a piece of paper, keeping it safe in a secure location. don't get too fancy with this, just write it as follows and maybe try to memorize it for extra backup down the road.
  3. Delete any trading apps or websites you use, and disconnect from all cryptocurrency news, forums, and other sources of market information. Avoid checking the market altogether.
  4. Don't gamble your crypto. Like stated above, anything with risky leverage is just gambling, but also don't fall for predatory crypto casinos, YOU WILL ALWAYS LOSE.
  5. Make a plan to DCA (or don't) to keep adding small amounts here and there and build your portfolio over time.
  6. Enjoy your life for a few years, free from worries about your crypto investments. Pursue your interests and have fun.
  7. After a few years, check the value of your portfolio and use your newfound wealth to purchase whatever you desire.

TLDR: DCA, DCA, DCA. Don’t get fancy.

Edit: I didn’t expect to teach anyone something new here. I’m just reiterating the only proven way to be sustainable and play the long game correctly.

submitted by /u/No-Comparison-8804
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