| Small Crypto Plays Produce Results– No Need to Bet Big to Win Big in Cryptocurrency Investing |
I have fun trading crypto. I take buying and selling seriously- I research and explore and buy the dips and speculate on projects I believe will succeed and I have many wins. Recently, they are mostly small wins, but wins nonetheless. I’ll take it.
These small crypto plays I continue to hodl in hopes of them someday turning into big wins, life-changing wins. This kind of winning – in which I have more wins more frequently – is addictive. It holds my attention. It keeps me excited. It’s addictive like gambling, but I have more control over the outcomes than if I were simply rolling dice.
If you really want to make the big profits, a little luck will help. Or, you have to sometimes do the opposite of what everyone else is doing. Some people call it contrarian investing, what is called making contrarian “bets.”
A contrarian is defined as someone who trades against prevailing market sentiments. When the market buys, the contrarian sells, and vice-versa. Contrarian investors look for opportunities to buy in a bear market and opportunities to sell in a bull market.
With contrarian betting, you can have huge upside from just a handful of small investments, even as small as $100.The idea for me is to take several small positions with the knowledge that, if one project skyrockets, it erases the loss from other positions that don’t move up in price.
REVEALED: The Hottest Crypto Opportunities In The Market Today
And then occasionally, I score a massive, outsized gain. This gain changes everything. All my losses are erased 100 times over.
Contrarian with Caution
That’s my trading philosophy. It’s a best practice when investing in cryptos. With Ethereum recently breaking its record highs, you can use this strategy to potentially profit from altcoins associated with Ethereum. Some of these crypto projects will make life-changing gains. Some will fall to earth like a Chinese rocket.
A prime example of how “betting” works is bitcoin. Just $100 invested in bitcoin when it was trading at 8 cents in 2010 is worth more than $35 million today. That’s life-changing. It is more than enough to wipe away all other $100 losses.
Crypto is one of the best bets in the world right now. No other asset has such a low-risk/high-reward setup. I’m not saying anyone should bet the rent money on bitcoin and cryptos. My stance on crypto investing is that you should take small bets across many different projects – just a hundred or two hundred dollars is enough.
Crypto play “Bets” only what you can afford to lose
Never bet the farm. Only invest money you can afford to lose because it could all unravel tomorrow.
This way, it’s not a gamble– a bet in which you risk either losing everything or multiplying your money. Instead, it’s a small bet you can afford to make, where, if you’re right, you can make 1,000% or even 100,000% on your money. And the most you can lose is all of one small position.
I do not feed the beast. If a crypto project isn’t doing well in 6 months or maybe a year, I don’t invest more money thinking they’re close to the big win. If I lose interest it’s likely that others also lose interest, and I never throw money at a losing proposition.
A word of caution about sentiment. Positive public sentiment and strong social signals indicate a reversal of the prevailing trend of a blockchain platform and the price of associated cryptocurrencies and often create opportunities to trade in the direction of the new trend. Trends are especially forceful in the crypto markets. Consider this fact when making your own contrarian bets.