How to be a short term Crypto millionaire

In the last couple of years the crypto industry is booming like crazy where we returns as high 10,000% in a matter of weeks.

After seeing all these crazy returns many people get a FOMO (fear of missing out) whenever a new coin gains some popularity and they often end up buying it with no fundamentals.

Introduction

If you are familiar with the stock market, the difficulty in being profitable is rated from time descending.

For example being profitable in 10 years is easy and the national wealth of the nation is sure to increase in 10 years, being profitable in a year is slightly harder and being profitable in a matter of weeks not only require analysis of market emotion but also technical and fundamental knowledge

Its easy being a long term crypto millionaire. I am not lying, here is one quick strategy.
Look at the top 10 highest volume traded coin in the current month and distribute 100 dollars amongst them based on volume.

Repeat this investment for a number of years, each month to see your money grow exponentially.

How to create wealth short term

We have seen by the above example that even by creating a simple strategy it is guaranteed to see your crypto portfolio grow in the next couple of years.

What actually is difficult is catching the gold fish which gives a 1000% return in a single month

What are Altcoins

The word Altcoin is a portmanteau of “alternative” and “coin”, to form “altcoin”. It actually refers to a group of cryptocurrencies, ultimately all the cryptocurrencies other than Bitcoin.

Now altcoins in itself is big category with over 10,000 of them, and the coins which I want to put light upon are of the lower popularity are the ones which aren’t much well known.

In stock market we would call them “Small cap” The Pinnacle of risk and the gold mine of returns.

There are many altcoins in the crypto space which take in use their parents blockchain technology like Ethereum, cardano, Binance smart chain, etc.

Ideally we would be looking for coins which are a bit established and not much known to the public and might have a market cap more then a million dollars just so it isn’t a scam or any sketchy scheme.

How to find the 100x Altcoins

Now finding the coins is a topic of its own and requires deep research and its a journey of its own.

I would mention some quick tips and resources to better help you.

Read the whitepaper

The whitepaper is unique to each coin which describes about the future plans of the coins and make sure the coin actually has utility and it not just a meme coin with only hype backing it up.

Look at the developers team

Since the coins aren’t mainstream you would be able to find a discord or linkedin presence about the creators of the coin and you can discuss small things like what are you currently working on, how is the team progressing, etc.

Here are also few videos and articles which will better help your

Here’s How To Find New Generation of 100x Altcoins

How I Find & Research 100X Altcoins (Before The PUMP!)

10X Altcoins Are Everywhere in Crypto — Here’s how to find them!

I also recommend you to find more articles and videos about them. Beware of falling into scams and after a week or so you would be able to dive your feet into the million dollar crypto world.

Conclusion

The last thing I want to say to you is to listen to yourself. Have your research done before listening to what others say, even if a coin is hyping like crazy and research if the coin obeys to its whitepaper and is it having utility?

Its okay if you find a strong coin but not having the gut feeling of investing in it, you’ll find tons more in which you would be willing invest.

Also last thing don’t sell your crypto and lose it all in taxes, follow me for my upcoming article on how to have a cashflow without paying taxes

Source: https://medium.com/@mridulgolyan30/how-to-be-a-short-term-crypto-millionaire-1d89079585cf?source=rss——cryptocurrency-5