If you want to get rich with #crypto with a higher degree of certainty then you need a longer time frame. Here are a few ideas.
Learn how to dollar cost average into fundamentally strong coins. If you had bought $100 of BTC every week since the 2017 peak until today you would be $80,000 in profit.
Understand the power of compounding. Coins like Ethereum, Polka Dot, and Cardano offer staking. This allows you to stack more coins using your existing coins. This can be HUGE!
Lend and yield farm, but on safer more established platforms. multi 1000% yields carry huge risk, but getting 50% or more can easily be done on safer platforms like Bancor. Using Nexus Mutual for insurance further reduces risk.
Learn that the higher risk the coin, the lower the position size you will likely want to have. Do not go all in on some random low cap coin, instead put in 1% or less of your total portfolio. The upside may not be as dramatic, but the risk is way lower.
Learn how to use stablecoins to your advantage. Yield farming with stables can bring huge rates, and having stables on hand let's you buy the dips.
Become tax efficient. Lower your tax burned as much as legally possible. This includes long term vs short term gains, tax harvesting, and perhaps even changing countries or starting a trust.
Rebalance your portfolio and take profits. When a random altcoin becomes 30% of your portfolio then consider taking profits and putting those gains back into BTC or USDC.
Zoom out, most investors are thinking about tomorrow, not many are thinking about 5 years from now. Remember most over estimate what they can do in a year, but under estimate what they can in 5.
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