Hello there,
I hear soo many stories, read soo many stories of fellow crypto-traders that this is The time to invest in crypto's.
These stories are also about making lots of money in about 1-2 years.
With would be the minimum start capital in your opinion?
Also like to know if you think it is possible to work yourself to financial-freedom in 1-2 (maybe three) years.
This also made me think:
'Why are some people enormous succesfull in the trading game while other are not?
I think you have to think like a (financial) successful l business person to make succes in the trading world and word yourself to financial freedom.
Keywords/phrases/ideas I think of now that I think a successful trader should be/have:
* Courage (trying different things out of your comfort zone)
* Dedication (be busy with crypto's daily)
* Your personal 'whitepaper': Very nice and interesting to have an insight in the Whitepapers of all companies in ICO stage, but I think a personal whitepaper is also very import. Things like: - 'how much profits a day am I going for?" - 'where do I want to be in three months? -
* Don't be too greedy: Be okay, with 2%, 3%, 4% profits. It may seem little but if you have 2% profit 30 out of 40 times your estimated value will grow significantly. Have you ever put real coins in a jar for about 3 months? Than you know what I mean.
* Be patient: I noticed myself, sometimes I want that $ number too much, and this 'wanting', the greed can make you lose your profits.
* Make agreement with yourself, stick to the plan.
* Last but not least, Keep up to date with the news and study, study, study.
* Ask yourself: Is this a hobby or a job-to-be. It is't the latter, it takes a lot of time and dedication.
I think when you have a solid plan and you stick to it, it is possible, even with a start of $ 200.
What do you think?
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Update 01-02-2018
78 people responded to this topic.
50 of them think it is possible
4 of them don't think it is possible
11 of them think the amount of $ 200 is too small to start with
13 people did not say 'yes' or 'no' to the possibility.
Keep coming with more opinions please and I will update the results!