Always play for meaningful stakes“Only bet what you can afford to lose,” says the old bromide. You hear it in Las Vegas, on Wall Street, and wherever people risk money to get more money. You read it in books of investment and money management advice by conventional counsellors. It is repeated so often and in so many places that it has taken on an aura of truth through assertion.
But, you should study it with the greatest care before making it a part of your speculative toolkit.
As most people interpret it, it is a formula that almost assures poor results.
Whats an amount that you can “afford to lose?” Most would define it as “an amount which, if I lose it, won’t hurt.” Or “an amount which, if I lose it, won’t make any significant difference in my general financial well-being.”
A buck or two, in other words. Twenty bucks. A few hundred. These are the kinds of amounts most people would consider loss-affordable. And as a result, these are the kinds of amounts most people trade the crypto markets with.
But consider this. If you bet $100 and double your money, you’re still poor.
The only way to beat the system is to play for meaningful stakes. This doesn’t mean you should bet amounts whose loss would bankrupt you, but it does mean you must get over the fear of being hurt.
If an amount is so small that its loss won’t make any significant difference, then it isn’t likely to bring you any significant gains either. You cannot win a big payoff from a small wager, that goes contrary to the laws of physics. Yet people attempt to do this all day long in crypto.
You see, taking anything less than a 0.5BTC trade is nothing more than a complete waste of time in this market, especially in the current bullish climate.
Left, right and centre there are coins producing 500%+ gains – yet people continue to pussy foot around on their tippy toes in fear of making trades using more than 0.2BTC.
Time and time again I make it clear to each and every person who enquires about making money in the altcoin market, if you want to win big, then you have to trade big. There are no shortcuts or hidden loopholes that will enable you to avoid this.
But there is one thing that is guaranteed.
The larger your trades are, you’ll all of a sudden start to rake money in at an alarmingly rapid pace. In terms of the sheer size of the profits you’ll be raking in, you’ll instantaneously leap frog over the common 0.1BTC traders in this market in favour of double digit BTC takings month after month.
This is the way the game is played, and the sooner you realise it – the sooner you’ll begin to claim your own portion of the wealth that is being created on a daily basis in this market.
If you want to make three figure btc amounts during this bull market, then print that ^^^ out and paste it above your workstation
EVERYTHING changed for me when I started picking my spots and making bigger trades
What is 1000% gained on only 5 btc? Thats freaking 55 btc in one trade and thats whats happening below the radar with all of these alts, people are hitting it big and the profits are only getting larger
