Missed Bitcoins Rise to $40K? Here’s How To Still Make Money In Crypto
By David - May 01, 2021
Many people watched Bitcoin go from $20k to $40k in less than 3 months. For a lot of people, it’s their first time missing an opportunity to earn from Bitcoin.
For some in crypto, it’s their 2nd time.
While you may feel regretful, don’t let those emotions have you believing that more (better) opportunities don’t exist.
In the 2017 bull run, it wasn’t the bitcoin investors who received the best ROI in crypto.
There’s still time to earn money in crypto.
So, here are 4 ways you can leverage the bull market in 2021 even though you’re entering late:
The only way a coin goes up significantly is if a large whale or investor decides to jump in.
So, avoid jumping in crypto with a lot of CT hype as hype doesn’t equate to value.
To spot good alts, you have to ask yourself these questions:
- Is this coin accomplishing something unique in crypto?
- Is the team behind it making things happen?
- Is there a mismatch between price and its real value?
If all a coin does is “help to make blockchain communications easier” or doesn’t offer any real clear value, it’s most likely a coin that will dump soon.
A good cryptocurrency under $1 is Stellar Lumens — Countries such as Ukraine are planning to use it for developments. Also, a blockchain city is being built and at its foundation is a crypto that’s on Stellar’s blockchain.
Another crypto worth looking into is Helium — They are decentralizing the way we connect to the internet. Right now, the price of it is over $1.30 and it had an all-time high of $4. As it continues to grow, the gap between price and value can correct any time soon.
Yes, you may have missed getting an x2 return on Bitcoin, but that doesn’t mean the price of Bitcoin will stop anytime soon.
The fib projections show that a $60k Bitcoin is very possible — that’s a 50% gain if you buy at $40k.
So, there’s still time to get in on Bitcoin and reap the rewards.
Plus, it helps to know that more institutional investment is entering the crypto space, and the S2F (stock-to-flow) ratio suggests that Bitcoin will reach $100,000 this year.
Crypto Prop Trading
When there’s a lot of volatility, it fastens the duration between entering and exiting positions — this means you can take many more trades.
When the markets are slow, it takes longer to profit in crypto.
But wait, what is crypto prop trading?
This is trading crypto for a firm (with their capital) in return for a split on the profits you make.
As of now, cryptoprop.io is a firm that’s encouraging experienced and non-experienced traders to take their challenge to join their firm.
While the crypto markets are volatile, having successful and professional guidance could increase the chances of you being in the profit zone.
It can be much harder to act accordingly when you are trading alone.
The market cap of Ethereum is growing strong and soon we might see it leave Bitcoin’s orbit for good (no strong price correlation).
The majority of crypto innovation is happening on the Ethereum blockchain, and not to mention the DeFi market cap which is currently valued at $26.46 billion.
It’s clear that Ethereum’s rise to over $1,000 was bound to happen, and it's very likely for the price to keep rising.
Especially when you consider that:
Ethereum is now considered a commodity by the CTFC
The CME Group plans to launch Ether futures on February 8th, 2021
Bitcoin is on the Ethereum blockchain via Wrapped Bitcoin (WBTC)
You could be in store for serious gains by staying in Ethereum.
Opportunity Still Exists!
In crypto (and in life), you must train your brain to always look for opportunities. There are plenty in crypto so, try not to believe that Bitcoin’s price gain is all that matters.
As long as you stay alert to what’s happening in crypto, you’ll always have a good chance of capturing profits.
It doesn’t matter if you’ve been in crypto for years or 60 days, a bull market is a bull market — those who make decisions now are more likely to experience desired gains.
You’re reading this which confirms you’re in crypto now.
Take action — there is no safe time to enter crypto.
In fact, the safer it feels like to go in, it’s likely that you’ve already missed the earning opportunities.
To your success.
What is CoinMarketMan (CMM)?
This is a platform that helps traders become profitable by automatically journaling their trades to provide statistics exchanges don’t have.
For example, with CMM, you can see:
- What days and hours you’re most profitable
- The trade setups that are constantly winning or losing
- The duration of your winning and losing tradesAnd much more!
Profitable trading will always be about finding an edge and using methodical steps to exploit it.
Understanding your data is the elevator approach to profitable trading.
Your trading data is unique as nobody else has the same series of trades and results as you.
Use your trading data as an advantage by letting CMM find the data you need to succeed.