Post
Topic
Board Altcoin Discussion
Merits 4 from 1 user
Financial freedom, is it possible in 1-2 years?
by
Radius111
on 27/01/2018, 16:35:52 UTC
⭐ Merited by frowsiter (4)
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!