Originally Posted by
Dan Druff
Easier said than done, but here is the real way to make $$ in crypto nowadays:
- Keep your eyes peeled for a new memecoin, or for an existing crypto whose value was previously depressed and has a very solid reason to make a comeback (Solana was a good example recently, but the time for that has passed)
- Buy a bunch with the promise to yourself to where it's a short term investment
- Watch very carefully when it "pops", and sell everything as soon as it appears to level off
Buying bitcoin at 69k isn't going to do much for you. Even if it hits 100k, you've made less than 50%. And it can easily crash and wipe out much of your investment.
The real potential with crypto is to make orders of magnitude above your original investment.
And the absolute absolute absolute WORST thing you can do is buy a memecoin or NFT on its way down. Like actually never do that.