How to Make and Retain Huge Gains from Crypto (Clear Insight Learnt From an Expert Crypto Trader)

Its been 3 years and 6 months since Hive opened my eyes to the abundance of opportunity that exists in the blockchain world but it is pity that I am yet to fully utilize and master just one percent of the opportunity in this space. I believe blogging is just 20% of the many opportunities that exist on the Hive blockchain and that's the only space I have fully established myself.

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Some areas such as gaming, trading, and NFT remain relatively foreign to me as I have no concrete knowledge about them. This is just me talking about the Hive blockchain alone while other blockchains exist too. Well, I am glad for the level I am now but I am working towards learning skills and knowledge and that's is all that matters. In that vein, I have researched the security of crypto assets and also how to make proper gains from Trading.

Well, just recently my crypto wallet was hacked and the hacker made away with all the funds I have accumulated from January to the ending of November. That experience alone brought shocks to my body and also made me reach on how to make my wallets much more secure and also how to gain a lot from trading. The research done on making high profits from trading will be explained under this post.

The good thing about this is that this post is for everyone, it doesn't matter if you are a professional trader or a novice trader and to cap it all, you do not even have to be a trader to utilize these tips. So the trick to making it big while trading simple revolves around:

• Charts
• Story
• Idiots
• Always take Profit

Well, I can not remember where I got these three points from but believe me when I say that this point sticks to my head as they are just the fundamentals that most people ignore (That includes you and me). The highlighted points will be discussed under headings.

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Charts

Before buying a coin/token, the chart should be consulted first. The reason is that the charts tell you the history of the coin on whether the coin has already mooned or it has dipped. Making a profit from a coin will be much harder if been bought at an All-time high price as a dip or correction will eventually come and that will lead to a reduction in the value of the coin.

So the chart should be the first point of contact before investing your hard-earned money into a coin. You should be able to make sense of the chart as the chat should be talking to you. You don't have to be a professional or an analyst to accomplish this feat. the ups and downs on the chart would speak volumes about the coin you thinking of investing in.

Story

After you are satisfied with the information you have gotten about a coin, the next line of action is to dig deep and research the token before pouring your funds into it. Search for any news around the coin/token, check to see if there is any recent development or an ongoing or upcoming development around the coin/token.

The good thing about the story phase is that it is where the decision to either buy or ignore is been made as it helps read more meaning into the chart. The story aspect talks about the plans the token developer has for it and also talks more about the use case of the coin/token. in a nutshell, the story phase is where investors make decisions on whether to buy or move on.

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Idiots

Well, you read it right, idiots. The whole process of making profits from cryptocurrency depends solely on this set of people as they are in charge of skyrocketing the value of the bought token. The idiots are those who FOMO when the development which was scheduled to take place on a project starts manifesting.

They are also the people who believe that a project/coin/token should be held for life as the target is the moon they say. The set of people is the one mostly found on the telegram group or discord group screaming "To the Moon". well, I have been there before and I must say that it was part of the learning curve for me. The idiots are the people who keep buying even as the value of the coin keeps gunning for the moon.

Taking Profits

Well, one constant occurrence in the crypto space is the mooning and falling in the value of coins. it is very easy for coins to lose value as fast as they gained value. The only sure way of retaining the gains made is by taking profit as the value of the coin invested on increases. It is very easy to become very greedy in this crypto space and lose all one's money in the process.

So in order to secure your position, Sell some portion of your mooned coin and it could be at a 20% 20% 30% gauge. This is to make sure that at least some coins are retained in the process. Taking profits isn't about selling aimlessly, it is about having a target for the said coin and executing once the coin/token is performed above the target.

Find other interesting posts written by me here:

• Evolution of Cryptocurrency in 2021 (Trending projects from January till date)
• Stay safe with these 8 Security tips (Hints on how to secure your Crypto Assets)
• It is not a dip, it is an opportunity
• How my dream Christmas would look like

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