Surviving in the Bitcoin market is a task that most won’t succeed at. They come in with hopes of changing their lives financially. But soon find out the market is too much for them to handle. The daily rigor and stresses are enough for them to exit the Bitcoin market like a rabbit with its tail between its legs. Scared, shaken, and not quite sure what went wrong.
With all of that said, this market is truly a place that can change lives for the better. I am proof of that. Before getting into crypto I ignored investing, had horrible financial habits, and quickly found myself in a pile of debt. Hopes of ever being able to retire seemed slim to none.
Bitcoin changed everything for me, and it can do the same for you. As crazy as it might seem with Bitcoin’s price sitting at around $34,000; we are still very early in this market.
The name of the game in the crypto market is to accumulate as much Bitcoin and Ethereum as possible. The rest are just noise and distractions. But with BTC and ETH currently priced at $34k, and $1.7k respectively; these prices can be intimidating for most. Causing them to feel that accumulating a significant amount of crypto, or even full coins is hopeless. I can understand that feeling because I felt the exact same way when I entered this market.
However, there is one secret that I completely attribute to my success in this market and being able to not only achieve my accumulation goals but surpass them.
I began setting the goal to end each month with more Bitcoin, Ethereum, and crypto than I began the month with. Not only did this set me up on my path toward building a large crypto portfolio. But it also gave me very achievable short-term goals. Making and achieving short-term goals helps to see your progress and keeps you motivated to achieve even more. Something that is crucial to your success in crypto, where volatility, stress, and FUD are an everyday occurrence. It was easily achievable simply by dollar-cost-averaging each month.
This was a great method during my early days in crypto, but as time went by I wanted to take things up another notch.
My new goal was to end each DAY with more crypto than when I began it. Because I couldn’t afford to buy crypto each day, this put pressure on me to find other avenues that would help me to accumulate daily. The first of these methods was through crypto lending. Due to all of the insolvencies that occurred last year, this is a method that I definitely wouldn’t recommend. However, there is no denying that this was a tool that helped me to acquire large amounts of crypto.
Thankfully I escaped the lending market unscathed and changed strategies into earning crypto by staking. This was a great way to continually earn more ETH. However, it didn’t help me to acquire more Bitcoin. That is why I began writing about crypto. Not only is writing one of my greatest passions, but it helped me to buy even more Bitcoin.
If writing isn’t your thing, there are several other methods available. Things such as creating a YouTube channel, picking up a part-time job, or selling things from around the house. Whatever your method is, always keep the goal of having more crypto in your portfolio than when you began the day.
Eventually, the cryptocurrency market will begin to recover. Once that day comes, you will be able to enjoy all of the fruits of your labor. Until that day, we are working extremely hard to change our lives. Sacrifice for the short-term, to have a better future.
How about you? What’s your secret to accumulating crypto?
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