Post
Topic
Board Nigeria (Naija)
Re: 5 keys to wealth creation in the crypto space
by
Benedictare
on 06/04/2024, 20:21:02 UTC

   Wealth creation in Bitcoin is very technical,any slightest mistake everything, that is your wealth will be gone ,and so there are other necessary measures to take to secure and create your crypto wealth .

* Long-term investment-; Engaging yourself in a long-term investment is very ideal,by  buying little by little and accumulating it for about 5 years -10 years using a DCA strategy method as a long term plan that will not affect your monthly expenses when pulled out using this method has the ability of capitalizing on future growth..

* Short-term -; This has to do with Day trading by buying and selling  cryptocurrencies within the same day to make profit .
* Buying low and Sell high, and apply common sense.
* Arbitrage.
* Use safe storage , research and stick to the fundamentals.
* Stick to the major currencies

Bitcoin create wealth for people because of its value since it is able to be exchanged and used in replacement of Fiat currency .