It might seem like an impossible feature to some to make a million dollars. If you had one million dollars, what would you do with it? Would you spend it on a house? Would you buy a Lamborghini? Hopefully you wouldn’t waste money on those things. A smart person would invest that one million dollars and make it two million dollars. It becomes easier to multiply money as more of it becomes available to you. The hardest part is getting started. Let’s talk about some ways to make a million dollars.
This might come as a shock to you but here is the truth: becoming a millionaire is not easy. Investing in cryptocurrency is not some get rich quick scheme. It is an accumulation game. The cryptocurrency market is still very young in its development. We could actually still call this a developmental stage. Many cryptocurrencies are fighting to secure a relevant position in the crypto space. There are a lot of altcoins that will fall off the map completely in the next few years. There are some that will rise exponentially in value. How can you target the one that will 1000x?
You can’t. You simply can not know what any market will do tomorrow or a week from now. As a day trader you are gambling each day that the market will behave a certain way. You are waging against the market and betting your money on the market’s next move.
As an investor, you face a different challenge. Timing. There is no “best time” to enter any market. Most investors choose a strategy referred to as the dollar cost average strategy. This strategy invests money strategically over time to average out an entry price. In some scenarios the investor might buy a dip and in other scenarios an investor may buy a rally. The investor feels no shame or weakness against market volatility. The investor has their eyes set on the bigger picture and the larger goal.
To become a millionaire with cryptocurrency, you simply have to start investing. This table will show you a few different investment scenarios. If you had “x” amount to start with, at a +1.7% daily return rate after 30 days you would have “y” amount of profits and after 1 year you would have “z” amount of profits.
A +1.7% daily return rate is not easy but not impossible. Sharpen your skills and bring your dreams to life.
|Start (x)||30 Days (y)||1 Year (z)|
After 1 year of compounding returns with a $10k balance you will have approximately $75,600 if you return +1.7% returns per day. If you continue this trend, after just three short years you could amass anywhere from $1,000,000 to $4,320,812. If you can manage to return just +1.7% each day on a $10k balance you will see a million dollars in three years. So work hard, trade hard, learn as much as possible, and get to trading!
Learn more about how to be a successful trader here.
By viewing any material or using the information within this publication you understand that this is general education material and you can not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here. Trading cryptocurrency has potential rewards, but also potential risks. You must be aware of the risks and be willing to accept them in order to invest in the markets. Only trade with funds you can afford to lose. This publication is neither a solicitation nor an offer to buy/sell cryptocurrency or other financial assets. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
Written by Edward Gonzales © Crypto University 2021