DataDrivenInvestor
Nov 2
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I was late to the party, but not too late. Do you know why? Because when it comes to investing, there is always a new opportunity to earn big.
One of my biggest financial regrets was not investing in Amazon, but then again, I’ll blame it on my youth; I didn’t know or understand the value of investing or what “amazon” was.
Now, I do, though. And my goal is to avoid that icky feeling I had felt when I missed the train for an investment that I ignored or underestimated.
However, when it comes to investing, you always win if you do it right. Investing in cryptocurrency is a big bet. For this reason, you should only invest a small percentage of your net worth that you’re comfortable losing.
Start with 1% and hold, but whatever you do, diversify your financial portfolio with at least the big three:
Diversifying your portfolio will help you be risk-aversed, recession-proof, and the recipient of constant returns.
I finally listened to one of my financial mentors and bought cryptocurrency. I made the money I invested back in a couple of weeks. Recently, I was chatting with someone about crypto, and I made nearly 100 dollars doing absolutely nothing in a matter of minutes.
That’s crypto. The volatility is reckless, but the opportunity outweighs the thought of backing out.
If you only invest a small percentage of your money into cryptocurrency, you can’t lose.
Imagine if you had invested in bitcoin when it was only 10 cents and bought 100 shares. With BTC sitting at 20K+ today, you’d be sitting on some pretty cash.
Tip: If you want outrageous returns, get comfortable with volatility.
I read plenty of articles and listened to several people talk about cryptocurrency. Still, the significance and understanding of cryptocurrency and blockchain technologies didn’t start to click until I watched visual tutorials explaining how all this decentralized technology worked. And now that I have a better understanding of it all. I’m in love; the technology is brilliant and next-gen.
Invest $100 in a well-researched option, and leave it alone. You probably won’t regret it, nor miss the $100. But at least you will be thankful when you gain a significant return.
The worst that can happen is you lose one hundred bucks, but you most likely will win: high risk = high rewards.
However, it's impossible to genuinely lose with a small investment (e.g., $50–100). If you lose, you lose $50, which isn’t such a big deal.
I know which one I’m choosing. More to come.
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This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions.
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Author of 500+ books || Author @ age 11 — Inspiring others through writing (self-education) — Get FREE books from me daily📍 @ amazon.com/author/destinyharris
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