3 tips Crypto millionaires share about their successful investments

There are loads of legendary stories in the crypto world. Although the few of the richest do change from time to time, they seem to have similar characteristics.

A Netizen shared Daniel’s story:

Daniel, who doesn’t have a rich dad, is now a Bitcoin multi-millionaire, and he currently owns 4 Ferraris and a $7 million mansion.

Daniel bought back Bitcoin in late 2010/early 2011 when it was very cheap at $0.90 per BTC.

He works for a tech company and he saved $55,000. Daniel is a true adventurer and he wants to own at least 5000 bitcoins.

So, he tried to buy some bitcoins, I think he has about 5200 bitcoins in total. The investment cost him less than $5,000. Daniel’s target was selling Bitcoin when it reached $25, which he believes is far enough.

However while bitcoin's popularity and price rising so quickly, he decided to hodl.

2017: Daniel sold 2,250 bitcoins for about $11,000, making him about $24.75 million. In addition to the rest of the bitcoin, Daniel has other assets, and his wealth is about $25.2 million.

As a Bitcoin millionaire, he says it feels like winning the lottery. In the Bay Area (San Francisco), I meet people like this, not many, but a few people have already made millions from bitcoin.
Becoming a Bitcoin millionaire is like being lucky to a lot of people, living at the right time, know to invest with a little speculation, also being educated.

In fact, in addition to Daniel, Tyler and Cameron, the richest people in the cryptocurrency circle, also have legendary experiences.
Tyler and Cameron got their hands on BTC while on vacation in Ibiza in 2013, then decided to buy 1% of all bitcoins in circulation. They believe that the market capitalization of Bitcoin will grow to equal of gold.

In 2014, the pair founded the now-famous Gemini cryptocurrency exchange, a Bitcoin conference in Miami where the twin brothers said they wouldn't even consider selling BTC until the price reached $500,000 .

After investigating the richest people in cryptocurrencies, we concluded that the richest people in the cryptocurrency space all have 3 things in common:

Disclaimer: This is not financial advice. It does not constitute investment advice, please read it rationally.

1. keep learning
   In addition to being educated and going to a prestigious school, almost every cryptocurrency billionaire pushes himself to learn as much as possible about what they are passionate about. For example, to understand cryptocurrency, learn its principles, and even explore more fields, such as NFT.

1. Understand the risk-reward ratio and willing to take risks

They are all willing to take risks.

Investment theory depicts a well-known phenomenon, the correlation between risk and return. Basically, the more risk you take, the more reward you might get, but the more loss you might incur.
In this sense, the crypto market is riskier than the Nasdaq 100, which is why it has been able to outperform it over the past few years, but again, the crypto market is also more volatile than the Nasdaq 100 index
Some folks might say, "If I had discovered Bitcoin at the time, I would have done the same thing". Well, back at the time, cryptocurrencies didn't have any guarantee. We all predict its future, and they are taking risks for their decisions.

Three: Optimize your portfolio
Here's the basic rule of investing: don't put all your eggs in one basket. However, what is the diversity that suits you? It depends on your total investment amount and risk profile.
Generally, the more you diversify, the more you can reduce the risk associated with a single project

Pick up at any time on your journey to affluence on the cryptocurrency train.
But this journey does require persistent study and research, because there is no wealth that can be easily obtained without paying anything.
There is no shortage of opportunity in this industry, if you look for it, you will find it, and it will change your life in the same way