7 RULES TO
TRADING CRYPTO
Includes 7 Steps to Ride
the Waves
Get your Money to Work For You
Making your Money Work For You – Be Like Warren Buffet
Are you trading Crypto for the first time ever? Don’t worry it’s a lot easier than it
looks. Sometimes I think people want it to sound complicated just to keep people
out of the game.
That’s what jobs do when looking for new employees. You ever see those jobs
that have those crazy requirements? All this experience, and education required?
Well, that’s just to keep the people with less initiative away, people will look at
the requirements and self-disqualify. Weird but true.
Think of trading in its simplistic form. It’s buying a product for a low price and
selling it for a higher price.
Everybody does it. From your grocery store to your gas station, it’s how money
is made. It doesn’t matter if you’re buying stocks, or soda. The principle is the
same.
Cryptocurrency isn’t any different. Some coins cost $.06 while others can cost
$15,000. Whatever level you’re on, your goal is to sell it when it goes up.
Buy low sell high.
Warren Buffet does it. One of the richest men in the world.
Be like him.
Of course you or I don’t have as much money as him, but we can use his
principles. He uses his money to make money.
He may invest using millions, we invest using tens. Different amount same
principle.
This guide keeps that principle in mind. It doesn’t try to change the world or do
anything radical. It’s a simple strategy that I use to make small steady profits.
Instead of you working to make your money, you put your money in places to
work for you, just like Warren Buffet.
What’s a Cryptocurrency? Or is it a Bitcoin?
A cryptocurrency is – who cares! If you want to know what it is, you can
Google it. But you’ll be wasting your time. Unless, you have this burning
desire to get a question correct on Jeopardy. This guide is designed to give
you a strategy on how to profit with cryptocurrencies. That was my
approach. I’ve googled it, to try and get a good explanation, and when I
got to the mining part, I said to hell with it! I had to face it, even if
someone explained it to me, I still wouldn’t know exactly what it was.
It’s kind of like gluten. I’ve come to realize we don’t need to know the ins
and outs of every little thing to benefit from it. Take your phone for
example, do you know how it works? Me neither, but it doesn’t stop us
from using it everyday now does it? Same with cryptocurrencies. We
must get out of this notion that we have to learn all there is to know about
something before we act on it.
All we really should be concerned with is; Can I legally make money, and
if so how? Well, with crypto you can and, many people are. But there are
rules. Rules that I made based on the nature of crypto, my experience, and
a little bit of common sense.
My 7 Rules
to trading
Crypto
These are 7 rules that I utilize
when trading Crypto. These 7 rules
have been good to me. I developed
them out of necessity. I’ve found
that as long as these rules are
adhered to, they work as a reliable
strategy.
Rule #1 - CRYPTOCURRENCIES AREN’T STOCKS
First things first cryptocurrencies aren’t stocks, so we shouldn’t treat them
as such. Many people use the same strategy when buying crypto as they
use when buying a stock. What I mean is simple, we are told to hold on to
stocks for years, and eventually they will appreciate, in turn making us
money. Right? I mean who hasn’t heard that before. If you do that, you’re
probably one of those people who still have a membership to blockbuster.
Cryptos are different.
Crypto is extremely volatile. It goes way up, and it goes way down.
Sometimes in the span of just a few hours. People who buy stock, are
generally afraid of crypto. They are the same people who insist on writing
a check at the grocery store. Don’t be those people.
I’m sure you’ve heard the horror stories that have happened in the crypto
game. People who’ve lost a ton of money. There’s one thing I can tell you,
money doesn’t just disappear, no, no, no – money changes hands.
So, all the people who’ve said they’ve lost money, well they have
counterparts, and their counterparts have gained it. Be those people.
30 years later…
