Two simple steps to be successful with crypto investing 1. Buy the right project at the low. 2. Do nothing for 7 to 10 years. ( Do something only when step number 1 is no longer true ) Apparently, the second step seems to be the toughest for most people.
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do you think 7 to 10 years wait with doge would be successful or new cryptos like safemoon?
I don't think doge and safe moon satisfy step 1 in my opinion.
Kinda reminds me of index fund investing, and the "sure path to wealth" developed by J L Collins. 1. Buy a low cost index mutual fund. 2. Contribute a fixed amount to it every month. (Dollar cost averaging) 3. Do nothing else but this for several years. When the market has its periodic collapses, DO NOT PANIC AND SELL OUT. 4. After 20 years or so, you are now very rich. The problem is most people can't do the last two steps. The market does a bellyflop, and they cash everything out. STUPID! Also, they can't wait; they want to get rich quickly. So they try all these complicated schemes that do nothing but lose money.