Hello and welcome to this new article about crypto. I know this topic is so huge that I could talk about it for decades but i will try anyway. Today we hare probably facing a new era in the world of cryptos, because Ethereum reached the 3000$ price. A huge amount of money for one ETH and, in fact, Ethereum is the only cryptocurrency that can challenge the enormous Bitcoin.
Ethereum
We were not used to see this kind of price on a single Ethereum but i believe we will actually get used to it. In my opinion this bullrun (if you don’t know what a bullrun is go check THIS article) will last for a long time, the key factor is to get on the boat before it sales. Now, as i always say this is not a financial advice but if you’re asking me, Ethereum will reach peaks it never reached before. I’m talking about all-time highs and something we will remember for a long time. Below
So here’s the 5 most important things to become rich with Ethereum
1) You only want to buy ETH before the bullrun.
If you invest your money when the bullrun has already started you will likely lose your money or get a insignificant ROI. That’s why I suggest you to enter the market before the bullrun starts, so that you can increase you probability to succeed. In my opinion if the boat has already saled it’s better for you to wait for the next one, because I assure you, there will be another boat every now and then. If we surrend to the F.O.M.O. it’s likely that we will lose a ton of money, or in the best case scenario, that we will earn little money.
2) Keep in mind that BTC might have a “low” price.
2) It doesn’t always happen, but we can somatimes face a scenario where one specific crypto currency gets to the top (ETH in this case) and, due to that, another one lowers it’s price (BTC). As i said, it’s definetely not certain that this will happen, but to actually predict what it’s going to happen you have to know what causes the bullrun. (To know more about the topic you can reed THIS article)
3) You need to invest only the money you are ready to lose.
It’s easy to trick people into the idea of free and easy money, but the truth is that nothing is certain, as even Einstain had to admit, we live off probabilities and there’s the concrete possibility that we will lose all the money we put into the trade. So what should we do about it?
Well, just be prepared for it. Now, don’t get me wrong, it’s not possible for an individual to earn a lot of money in a trade if it doesnt risk a some money, but it isn’t wise to put more money than the finite amount you’re willing to lose. You should put the right amount of money into the right trades. If you succeed to do so, you will have some big W. (If you want to know more about the RIGHT amount of money, based on YOUR wallet, to put into a trade, look atg THIS article)
4) Choose the correct platform to have the transaction.
This is a really complicate topic to talk about and I don’t want you to feel bored reading this, so I’ll sum this up real quick. You want to look at the Fees (as always I’ve written an article about it), and the credibility of the platform, personally I’d suggest THIS one.
5) Choose the right moment to “Sell” (or trade again).
Now you’re finally there, you have bought all the ETH you wanted and you have all your investments inside your Wallet. The last thing you have to do is being sure to sell your investment in the right moment. To know further about this particular topic I suggest you to view my article about it, HERE.