The Reason Why I’m Getting Wealthy With Crypto Is the One That No One Wants To Really Hear About

Many people want to become wealthy, but the majority don’t want to do what it takes to be one.

At the moment I am writing this, my cryptocurrency portfolio has grown from $24,000 ($17,000 of the money I have spent in total in this market and $7000 in earnings) to $42,500 (82% raise).

Considering the losses people have had in these last two years, I think my strategy was a success, so I have bragged a little bit with my friends about how well I am doing.

For this reason, many people around me have asked me how I achieved these gains so they could replicate my results. But when I tell them exactly what I did, everyone backs away, ignores me, or feels like I’m lying and do nothing else with that information.

The problem is that when someone does well in a market, people expect some extraordinary story of fortune and superpowers behind this success. Get-rich-fast schemes are everywhere online, and people believe this is what happens when they see others having good results investing.

However, for me, this was not a story about how a young girl from a remote island got lucky with a cryptocurrency that almost saved the world or a fantastic story about how, with pennies, an office worker could overcome poverty with the market.

I just did a boring strategy that has proven to work for many people worldwide (especially in the markets ) and attached to that plan no matter the market condition.

Here, I will explain to you exactly what I did and show you how boring strategies are often the best if you want to make a profit investing in the long term.

I lost an enormous quantity of money at the beginning.

The first thing I did, and something that no one wants to hear when people tell them they earn a good quantity of money investing, is that, at first, I lost a lot of money for being naive.

I entered the crypto market in January 2021 with $500. That was a year when practically anyone could make money there investing in anything without any understanding of this world.

I trusted that I had basic technical trading knowledge from the stock market to start making different types of trades without any real knowledge about the cryptos I was putting my money in, and I started earning my first dollars there, which made me more comfortable putting more and more money.

This was my first error: To believe I could use my stock knowledge of cryptocurrency just because it has the same “concept” of buying, waiting, and selling with graphics.

My portfolio consists of cryptocurrencies that would give me a 20% opportunity in the short term, and then sell them and wait for another entry opportunity. It didn’t matter if it was a meme coin, a crypto that no one had heard about, or a newly listed project; if I saw that everyone was talking about it, I would put my money there.

And as expected, eventually, everything began to drop. A bull market started from May to August of 2021 that made me lose 80% of the money I had put there. So I lost a total of $2500.

I stopped entering money in that period because I didn’t want to lose more money, so I started looking for other opportunities to earn money with Crypto. There, I learned about Crypto games, so I started a new investment with it.

Unlike my first four months in Crypto, I decided not to reinvest the profits I was making in the games to not lose everything. So, my strategy was an initial investment in a game and then earning as much money as I could while the game was alive.

In total, I made $1500 with Axie Infinity. $1700 with Plant vs Undead, and $800 with Brawl Tales. $4000 in total. This means that I recovered my $2500, and I was $1500 in profit.

The money I made was to invest in “Stablecoins.” I chose UST specifically because a platform called Anchor was giving me 20% annually in return for putting my money there, and it was stable and secure, so I trusted them.

Cryptocurrencies began to rise in price again in November, so I started investing in new projects like $ATOM and $AKASH, and also the Osmosis platform, which allowed me to put my money in a wallet to generate more money with it staking my cryptos.

With the Airdrops that I got from having coins in Osmosis, plus the monthly dividends for having them locked and the money that I was putting monthly into cryptocurrencies, I managed to increase my portfolio to $20,000, from which I only took out $7000 in stable currencies.

Everything was good for me, but I still didn’t do the proper research of having my money on crypto, and it was a matter of time before my portfolio dropped again.

In May 2022, the Anchor platform and the UST stable coin collapsed, and with it, 40% of my portfolio that I have there.

This event caused all Cryptocurrencies in general to begin to drop considerably, and many of them in which I invested disappeared.

So my portfolio went from $20,000 to $4000 in the coins that survived, plus the $5000 I had managed to take out from UST before totally collapsing. Once again, I was at a loss, but this time, it was hard to recover because I lost a lot, and the market didn’t look like it would rise soon.

So, I started learning exactly how this market worked and made a monthly plan.

To not lose money again and recover the money that I lost, I decided to *finally* learn the best way to invest in this market.

I realized that everything I had done before was lucky shots and that it was a matter of time for everything to go the way it did.

I invested out of greed and in things that many experts knew would have a problem in the future, and I never took the time to properly research a project because I trusted my technical analysis and what other people told me.

So before entering money again, I made a strategy.

I chose less than ten Cryptocurrencies that still seem like a good option, and I decided to only put a portion of my monthly salary into those currencies. My new portfolio consists mainly of BTC and ETH, and I only invest less than $100 in the other eight because even if I like the projects, I don’t want to focus on altcoins anymore.

One of the biggest mistakes I made in the past was investing my money on impulse when I saw a “good opportunity,” but I never had a specific budget or favorite crypto for this market. This caused Cryptocurrency to be like a casino. And there was a lot of money that went into this market that should be for other things in my life.

So, the Cryptos I chose were ones that I could put a monthly portion without needing to analyze the purchase price (because I already analyzed the project) and ones that I knew could give me profit over time. There is no exit strategy, no plan to exit it when it grows 20%, nor any other game to make money. I simply put money there monthly and wait.

I have been doing this in the market for the last 18 months. Every 30, I invest in these currencies and then forget about the portfolio until the next 30.

Many people don’t like this strategy because it is not fun. You have to wait a lot for things to happen, and it is basically doing the same over and over again until the portfolio grows.

I have friends who were with me in the beginning who decided to stop investing in crypto because they don’t have any big hype or movement like before, but investing doesn’t have to be fun; it has to work.

Finally, when BTC went down $19,000, I decided to buy one because I knew it was a good opportunity.

The other thing I did for cryptocurrency was to buy one BTC.

In November 2022, I analyzed a good opportunity to buy Bitcoin, and after studying it for a month, I decided to enter $12,000 more of my money, some airdrops and staked coins that still gave me money, and the $5000 in stablecoins that were already there to buy one BTC at $19,000.

I knew this was a good opportunity because I read a lot. This was not a lucky shot or a desperate plan to try to recover my money. I examined the opportunity, and I set two sell prices, one if it went down more than what I expected and another when it went up to the price I wanted to sell it, and finally, I put it in a cold wallet.

I bought the Bitcoin expecting it to sell after 2025, so it was not a short-term trade that I decided to make one day to make some dollars. It was a long-term decision thanks to an extensive learning process.

When I bought it, I told several of my friends in case they also wanted to invest, and the only thing I heard from them was, “I hope I don’t get depressed when BTC drops to less than $10,000” or “I’m crazy because no one talks about Bitcoin on right now.”

However, I consider this the first problem of the people, believing they only have good opportunities when everything is green, and everybody is talking about it.

This market is not popular now, and that’s why I know it is a good moment to make my moves. But people don’t want to hear about good business if they don’t make money right now.

Cryptocurrencies, just like any other market, can have good opportunities in the long term. If you are not the owner of the next big thing, a very lucky guy, or someone like Elon who has the power to move the masses, the only way you will make money here consistently is with time and boring coins.

Why people don’t like to hear this strategy to earn money

I wrote the story to show you that the way to become rich is the same as always: Save a portion of your salary every month and wait.

However, no one wants to hear a boring, long strategy about someone getting rich by saving money while having a full-time job. For many people, holding a cryptocurrency, stock, or bonds and saving a portion of their salary every month for years is the most tedious and meaningless thing someone could do with their money.

They want to hear fantastic histories about how a person could beat a market and make $10,000 from just $10. Or how delivering a pizza made me a millionaire because some random guy paid me 100 BTC.

Unfortunately (for many people), this boring path I am following right now is the best strategy and the most secure one to get rich in any market without having to resort to luck. There’s no trick, no luck, and no big movement. It’s just a regular person investing a portion of their salary every month on the same boring cryptos, earning probably less than 20% annually for years.

I wouldn’t change anything that happened because it helped me learn better how the cryptocurrency market worked and stop believing in fables when it comes to investing, but I recommend carefully analyzing the best way to invest in a market before doing the same thing.

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