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Topic: HOW DO YOU MAKE MONEY WITH LESS MONEY? - page 8. (Read 1054 times)

newbie
Activity: 16
Merit: 3
August 20, 2023, 04:43:58 AM
#1
Having limited funds doesn't mean you're at a disadvantage compared to those with more money. Someone with $200 - $500 to invest in BTC or ETH might be wondering when they'll see results. 🤣

The big spenders might end up overextended, dollar-cost averaging until forever, comfortably accumulating or buying some blue-chip coins that double or triple. Dropping $2 billion into ETH, and two years later, getting a 5x return, could lead to a "lucky" 10 billion. Meanwhile, someone with $2,000 investing in ETH, seeing it 5x, would also end up with 10 billion...

However, those with limited funds do have their advantages, and if you're diving into this world with a smaller amount, you can capitalize on these. It's all about "LOSING LESS IF LOST."

If you have a modest amount, let's say $150 a month to invest, here's a mindset to consider:

Maximize Risk-Taking:
Go for meme plays x10 or x100, or even lose it all. Take huge futures leverages. In the worst-case scenario, you might lose everything, but if you win, your $150 could turn into $1,500 or even $15,000.

Full-On Portfolio:
For you, diversification might not be the key. Go all in on a project. With less money, you need to make a big impact. Going all in could be a life-changer.

Farming Airdrops:
Rolling rewards are also quite smooth. Focus on L2 Ethereum solutions.

WORK to Earn:
Find ways to increase your income. If Grab/Ubers isn't enough, go do some grunt work or community management. Maybe you'll make $50/month and chuckle about it. 🤣

Every player has a different strategy. Every flower has its own branch, every home its scene. Remember, don't lump everyone together.




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