Topic: 5 keys to wealth creation in the crypto space - page 2. (Read 391 times)

Yea that's true, like what I discussed on the post, they are five keys , and I believe they should be applied in confluence not in bits.

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Ok boss, thanks for the observation, I go work on am now now.

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Yea exactly that's true, you are on point,These keys to wealth creation are not exclusive to crypto investments; they form the foundation for wealth creation and preservation across all areas.

When you said 5 keys to wealth creation, I don't know what I was expecting but this definitely wasn't it. Anyways, it doesn't change the fact that this is what and is most of what there is to wealth creation in this industry. Continuous learning, saving and investing, entrepreneurship, financial literacy. Others may be; hodl Bitcoin, trade altcoin. If you can, you can mine. A business that accepts cryptocurrencies would go farther than expected.

Anyways OP, your advice you be very much followed. Thank you.

Firstly I will start by saying almost all your points listed here are more of a gambling feature than it been an investment opportunity or tool.

1. It is not every cryptocurrency that you should buy and hold for long, in fact the only cryptocurrency that is worthy of holding for a long term is bitcoin, all Altcoins are risky to hold, when you have your money on them take profits when they increase.

2. This one is at least Better as you will earn a little by the profits you get.

3. Staking is risky because you need to entrust your funds into another entities custody. The exchange can easily get rugged and your funds will go with it. Also the APR with staking coins isn’t that good to risk your coins.

4. The only cryptocurrency mining that is certain of reward is bitcoin mining and that been run in Nigeria isn’t profitable anymore due to electricity or power consumption and the amount to purchase ASIC.

This keys wey you talk about so good to put into effective practices In order  acquire knowledge and wealth, but you for also talk about the strategies wey person fit use acquire the wealth make them no Apply the keys wrongly, well make I add some strategies too wey fit still help us acquire wealth on top crypto space,


1. Long-Term Investment: Hold on tight to cryptocurrencies for long time, make money from the possible growth wey fit happen later.

2. Day Trading: Buy and sell cryptocurrencies often within one day to make money from small-small price changes.


3. Staking: Make money by joining blockchain networks come later help confirm transactions through staking.


4. Mining: Produce new cryptocurrencies by use computer power to confirm and write down transactions for blockchain.


5. Lending: Make money when you lend your cryptocurrencies to people through DeFi platforms and collect interest.

6. Arbitrage: Use price differences for different cryptocurrency markets you go make money when you buy cheap and sell expensively.

7. Airdrop: Airdrops give chance to get new cryptocurrencies without needing to put in money directly.

So in conclusion adding this to the keys wey OP talk go make you gain both knowledge and wealth from crypto space.

Op can you please give some space to each of these key areas you mentioned in order to make your post more readable. Also you can go through this guide [GUIDE] Bitcointalk forum etiquette.

In the education and continous learning, you have to also be learning how to keep your funds safe because you can't be saving for someone to steal later. Also you have to learn about the risk involved in any investment before going into it.

Well, I would say that these five keys you have listed are not only the key factors for creating wealth through crypto investment; they are all general important factors for wealth creation and preservation, and if practiced, one will not only be successful as a crypto investor but will also be successful in chasing their dreams towards achieving financial success. Like you have mentioned already, education and continuous learning are what I am more interested in because education is continuous, and for someone to become a better version of themselves, they must keep learning in whatever they are doing. For example, if a trader wants to become more professional and successful, he must keep learning. If an entrepreneur wants to be more successful than other entrepreneurs, learning is something they never stay away from. 

If you save money from your working place and look for a potential assets to invest the money, I guess it will make you wealthy if you will be able to follow all the procedures that will make your assets to bring out good profits in the future.

 Not everybody that is educated that is wealthy OP, some educated people that is wealthy in the community today is by luck and if you think is not truth, just go back to the school you attended before to see some of the teachers and lecturers that lecture you before if they are wealthy till now,  I know that goal setting can make you wealthy if you go with patience with you planning and goal setting, which is the easiest way to continue flying higher in wealth in your investment.

Well op, you have listed some vital points to know here. But your post isn't properly arranged as you were supposed to at list give spaces or highlights your points on your post, to make them identifiable by your readers. No stress you are still new I guess with time you will learn how to.

As for your points listed, yes they are all important for someone who is willing to take his wealth to a whole new level. As they say, one needs to diversify his income and also have more than one source of income in this current economy situation of the country. As an investor I'm the crypto space, you should learn to invest into more aspect that would yield you profits. Don't always be on the idea of spending and wasting money. There are some good business that you can indulge yourself in that would make good profits for you. You should be able to make good productive plans in life to help you attain wealth.

Good morning my fellow Nigerians, from my little experience for this industry I fit boldly tell you say if you no follow this principles e go hard you to make am for this industry. Nine make I say make i put down the  5 major keys way person need to make am for this  crypto space. The first one na

• saving and investing: many of us know this one but we no dey do am. This one na to keep small of your income aside for future use no be to chop all , and then investing na to put some of you income into some thing way go make that money increase value over time. save at least 10% of your income and invest like 20%, you go surely see changes, and then the second one na

• Education and continuous learning: this one dey very important because na this one go keep you up to date , this one na to dey continuously  gather knowledge and skills way go fit help you get more money.Then The third key na

 • entrepreneurship: Most of us  know This one too , this one na to start and run your own business , so that you fit get other streams of income. So you no go dey depend on only one. the  fourth key na  

• strategic planning and goal setting: This one na matter of setting clear financial goals and to create  plans way go fit help you  to achieve them. And the last one na

 • financial literacy: This one dey very important , make we tell ourselves the Truth, to get am clear for this industry, we really need to understand  how money dey work , how to make am, how to manage am, and how  to invest am. If you know this things e go really help your finance. And take you to the next level.