Do you want to make tons of money in cryptocurrency in 2018? Be Obsessed

in obsession •  7 years ago  (edited)

Turn your interest in this realm into an Obsession

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Do you want to make massive life changing amounts of money in crypto? If you're obsessed with this you will succeed

For instance my obsession with real estate is what helped me

I followed an investor Grant Cardone, who wrote the books "The Ten X Rule" and "Be Obsessed or Be Average"

You will use passion about this subject to drive you to the top. Do due diligence, learn tech, learn about markets, learn fundamentals of things

Look at the finish line-- set goals at the end and just keep adding to them. For instance, a goal could be owning 10 Bitcoins, (or a portfolio of 10 bitcoins) and do what you can to get there.

The best way is to dollar cost average on dip days (like right now when the price is hovering between $10,000-$11,000 per bitcoin) Buy in using limit buy orders as the dip occurs. And keep buying in until it hits your low level.
Do research and you'll see that the overall momentum is towards $30-$50k per bitcoin in the next 1-5 years. This is based on following Charlie Lee, Mike Novogratz, Roani Maos, "Crypto Investor" from youtube, and many other experts in this field.

So if you think you're going to "get rich quick" with minimal amounts of work this crypto space is not for you. Unless you already have investing fundamentals, are already a savvy investor (like most 'accredited' investors are or hire people who help them)

To Excel in this you can't just Hope and play this market with 'feelings' You have to BE OBSESSED OR BE AVERAGE.

Don't just dabble in this and expect to make money.

Do you think the original guys who bought bitcoin or mined it in 2008-2011 had an easy ride? There were even worse fluctuations, FUD, Mt Gox scare, even the recent China bans the past year. They had to become obsessed or were already obsessed with cryptography, technology, investing, programming, business or marketing.

They were not average, they were obsessed.

You will not make money overnight unless you immerse yourself in this.

How do you find this obsession? Do your research and figure out if this space is right for you. Are you trying to make a quick buck then get out? You will not be able to time this market unless you become and expert (or just follow a lot of experts and do your own due dilligence.)

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To be incredibly successful in crypto you have to make goals, stick to them and HODL when you say you're going to HODL long term.

@grantcardone 10x

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