This keys wey you talk about so good to put into effective practices In order acquire knowledge and wealth, but you for also talk about the strategies wey person fit use acquire the wealth make them no Apply the keys wrongly, well make I add some strategies too wey fit still help us acquire wealth on top crypto space,
1. Long-Term Investment: Hold on tight to cryptocurrencies for long time, make money from the possible growth wey fit happen later.
2. Day Trading: Buy and sell cryptocurrencies often within one day to make money from small-small price changes.
3. Staking: Make money by joining blockchain networks come later help confirm transactions through staking.
4. Mining: Produce new cryptocurrencies by use computer power to confirm and write down transactions for blockchain.
Firstly I will start by saying almost all your points listed here are more of a gambling feature than it been an investment opportunity or tool.
1. It is not every cryptocurrency that you should buy and hold for long, in fact the only cryptocurrency that is worthy of holding for a long term is bitcoin, all Altcoins are risky to hold, when you have your money on them take profits when they increase.
2. This one is at least Better as you will earn a little by the profits you get.
3. Staking is risky because you need to entrust your funds into another entities custody. The exchange can easily get rugged and your funds will go with it. Also the APR with staking coins isn’t that good to risk your coins.
4. The only cryptocurrency mining that is certain of reward is bitcoin mining and that been run in Nigeria isn’t profitable anymore due to electricity or power consumption and the amount to purchase ASIC.