Hello everyone,
Forbes recently released a listing of the arenas richest individuals in phrases of cryptocurrency. There are presently 19 people inside the global who personal an equivalent of greater than $350 million in crypto assets. The top owners of cryptocurrency inside the global amassed their wealth in a diffusion of methods, however maximum are founders of large cryptocurrency initiatives and cryptocurrency exchange platforms. Others are both individual traders or a part of funding groups and a few have established very worthwhile cryptocurrency mining operations. the one factor that the richest in crypto have in commonplace is that they are all of the sorts to HODL (hold on for expensive existence), that means that they hold directly to their cryptocurrency thru any downturns inside the marketplace and arent short to make crypto-to-crypto or crypto-to-fiat trades.
Thank you!
well, it might mean that they buy more crypto when its price drops. it doesn't mean that they made their wealth by hodling crypto only.
One who made use of the price drop as an opportunity to buy has profited good through the investment within certain time period. Apart from this the wealthiest people were the one who are the early adopters of Bitcoin. Being wealthy through cryptocurrency is possible and it require a lot of analysis and risk needs to be taken.
Let me correct you there. It is possible to earn big amounts through cryptocurrencies without any sort of risk whatsoever. Providing some examples:
2017 bull run = Oyster Pearl signature campaign(0 investment) = The participants earned big amounts(If they HODLED until the ATH = $4.2)
2017 bull run = DeepOnion airdrop(0 investment) = Participants earned big amounts(If they HODLED until the ATH = $19)