How To Become A Cryptocurrency Millionaire [5 Tips For Investors]
The crypto space is one of the most popular ways people want to make money. We can say that this is the dream of almost everyone who is interested in cryptocurrencies. But how will this happen?
I’m sure that there are people around you who invested in Bitcoin or Ethereum long ago and got rich. So which will be the 3rd coin and how will we guess it? So I’m going to give you five tips. And if you are a beginner, this will help you a lot.
1 — Real vs. Fake News
The first thing that you have to do is interpret news correctly. I’m sure you’ve seen all the recent news that says China is banning crypto. I’ll tell you right now, that’s fud. It stands for fear uncertainty and doubt. That’s pretty much what they want you to feel. They want you to feel the fear, they want you to feel uncertain and they want you to doubt what you’re actually investing in. And in the world of crypto, this is really dangerous. It’s really scary especially when you invest in something. And you see the value of your assets start plummeting.
I mean, there are many different reasons why Bitcoin crypto could be losing value over any specific period of time. But if you’re reading something that says that China is banning crypto that’s true but that’s also kind of false. Basically, it’s misleading. The one headline that’s really popular right now is that China is banning Bitcoin mining. And what’s the reason behind it?
I mean, China or the news outlets on behalf of them or if they’re a third-party reporter, they’re basically saying that China is banning this because it’s taking up too much energy. That’s right they’re saying that Bitcoin mining requires too much energy. If you have no idea what that is basically if you’re actually mining crypto then you need a bunch of hardware, you need a bunch of actual physical mining equipment and you have to…