5 Reasons You Might Not Make It In Crypto ✍️
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Making it in the crypto space is very easy and can easily be complicated if you don't know what to do. These 5 tips are characteristic that could be hindering you;
1. Laziness - While most people refuse to accept the fact that they are lazy, it eventually plays out and gets to a point where you just can't deny anymore.
Accepting your weaknesses can be very hard and celebrating false strengths is the easiest.
However, for proper growth you should learn to accept your shortcomings an start seeing them as things you can improve on, once you set your mind to it. Most people in the crypto space are just too lazy to take life-changing actions, such as airdrops, promotional activities or more etc.
2. Inability to #DYOR - As the name implies, Doing Your Own Research (DYOR), most users do not know how to make good research.
You do not need to be best at it, you just only need to be able to decide if investing in a project or carrying out a certain activity, is the right move.
In the early days, most people got to know about #bitcoin, but not all of them was willing to invest in it for long term, but #cz did. This was because of the research he made and belief in the system.
Before investing in a project, you should look out for the use case and potential need for the market. The team behind the project is also a good research to make. Nowadays, there are websites that help you make research easily, such as Coinmarketcap etc.
3. Isolated - Everyone needs a community, two good heads are far better than one good head. This is why joining Communities and following up with trends is the right way to go.
Some traders wake up and start investing with guesswork. In-depth analysis could save you from loads of liquidations and losses. Google can be the second head you need, use it well and binance feed too.
4. Rigid - This often occurs when an individual feels too attached to a certain way of doing things, even when the potential output of that activity is questionable.
So yes, there are Individuals who prefer spot trading, while others are futures traders. While these niches are profitable, being flexible could be the way for you.
All you need do is to become receptive to other opportunities out there, such as trading competitions, airdrop activities and more. These could end up making you cool funds as per beginners luck or so.
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