Keys to Success in the Crypto Industry
In every earning field there are specific people who will never earn but rather will give their money. I wish I and you are not among those people who are in the list of losers. I have a habit that I am straight forward and try to teach them people what I have experienced worse.
In this post I am going to discuss some characteristics of the those people who are not successful rather in trading cryptocurrency, working in other online earning platform or the users who are currently in #hive ecosystem.
The first and important point is the learning phase. There are people who join the trading and the crypto industry with having the knowledge of it. They don't know even what is #Cryptocurrency but rather they want to earn good money.
These are one of the category of the people who are unsuccessful in earning from #Crypto industry. Another kind of people are who have not patience. I have some friends who have joined the #hive ecosystem and the crypto industry.
They have set their mind that in one year they must be Millionaire. I laugh on them and talk to them that you people are completely misguided. This is not the platform which give you quick income or make your rich in no time.
Patience is the key to success in the Crypto industry. No doubt this business is one of the most famous one and have much money to give you if only you work with consistency and patience.
Those people who are in mind set that they will start earning as soon they join this business are misguided or they have not enough knowledge. It takes years and years to start giving you money and this business will give money to those who have patience.
Another category of unsuccessful people are the one who dont manage about the risk to reward ratio. Who dont know how to manage risk. I know many traders who do good trades and win continuous 5-6 trades but with one trade they loose their money.
They win 5 trades but with one trade they loose all the profit they get from their winning trades. This is how if you dont know how to manage your risk and reward you are a fail trader.
Cryptocurrency is the evolving technology and with the passage of time new and modern technologies are being added. You must know about each and every updates in the industry which helps you get benefit and be a successful crypto user.
If you're not willing to adapt to these changes and learn new things, you might miss out on opportunities.
The last and important point is the thinking of long term planning. It is very clear that those people will earn from this business and those people will be successful in the crypto industry who think about long term investment.
Just like those people who are in #hive ecosystem know better the value of long term planning. If you keep your hive for next three years I am pretty sure you will gain more than 5X profit in just few years.
One of the successful users in the crypto industry are the people who are long term investors and who have long term planning.
What do you people think about these points? Do you think Crypto users must adopt these habits to become successful in the business? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN AND EDITED IN CANVA
Thank You!
Best Wishes.