You may be wondering who these guys are since they made thousands or maybe millions of dollars in a single day or week. Some of these people are well-known due to their identities, while others are quiet and secretive and are millionaires who are unaware of it.
Our age is surrounded by cryptocurrencies, but the majority of people are clueless and have no idea what they are. When they hear the word "crypto," they simply know "BITCOIN." Perhaps $BTC is the most well-known and most well cryptocurrency, yet they don't even understand what cryptocurrency is.
In one of the Facebook crypto groups, I have a friend. He began futures trading in bybit with a $100 investment. Before he amassed a million dollars through trading, he frequently lost in trading futures, to the point where his $100 was lost. He enrolled in crypto training and studied everything there was to know about cryptocurrency since he was persistent and eager to learn how to become an expert in futures trading. He gradually applied all of his learnings after completing his studies and trainings. And whether you still think he become a millionaire is up to you. He also has his own Discord club where he assists other Filipino traders and provides signals regarding whether a particular token will go long or short. I saw that the majority of the signs he gave were accurate. And now that he has current assets, I can state that he is regarded as a whale.
I questioned him and he responded, "I diligently study all the crypto lessons that we are covering, I patiently wait 6 months to graduate, I spend money or I invest money for my studies, and one thing I learned in trading is "Discipline" because if you don't have discipline in yourself then I discouraged you to quit in trading.
Patience- He waits patiently for his turn and has worked incredibly hard to get where he is now. Waiting patiently is similar to suffering since you have to go through hardships in order to get what you want.
Discipline- The most crucial quality a trader needs to possess is self-discipline. To wait for the cryptocurrency to go short or long, you must practice self-control. The more discipline you possess, the less failure you may experience. The reason why most traders lose money is because they are constantly in a hurry and want to make money immediately.
Decision Making- You must choose carefully since every action you do requires sound decision-making. A backup plan is also essential because you need to have one in case anything unanticipated happens.
Conclusion
You probably already know who stands to gain the most from this bear market: traders and crypto whales. The people in charge of the cryptocurrency market are called "whales." The majority of them are traders, so having a friend who is both a trader and a whale is advantageous. Yes, they have a significant amount of assets in their wallets, but they have utilised those assets wisely to generate income.
