How I’d Turn $50 Weekly Investment into $240,000 with Crypto
Interestingly, you can accomplish this goal with minimal effort through compounding effects and the right timing. Read this story to find out…
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Hello and welcome to another episode of Crypto Big Stories.
Many people often ask me how they can become wealthy by investing in cryptocurrency. Unfortunately, my answer is not always what they expect.
But here is the harsh reality:
if you want to get rich with crypto, first, get a job.
But most people want to do it differently. They want to quit their jobs to become crypto millionaires.
Honestly, crypto activities can be very boring and stressful, especially when the market is in a consolidation phase.
If you aspire to become a day trader or a scalper, your situation might be even worse since you’ll have to monitor the market constantly, watching every candlestick on your computer screen.
You see, staying glued to your computer’s screen lures you to make irrational decisions based on fear or greed. You may end up forcing trades that are not profitable or losing money if the market goes against you.
Think about it — is it easy to sit and wait for the perfect trade setup when you have nothing else to do? The answer is no, it’s not.
Sitting all day and waiting for trade setups could lead to frustration and anxiety. Yet, this is what most day traders and scalpers deal with every single day.
So, if you have no job and you dream of making a million dollars in crypto, I have bad news for you: you are likely to fail and end up being broke except you get lucky participating in airdrops.
Because an idle mind is the devil’s workshop.
You may ask; does it mean there is no hope? Of course not, only if you follow my advice and get a job.
It does not matter if it is a full-time or a part-time job, as long as it is legal and pays you a decent income, you can invest a part of your daily or weekly wages into cryptocurrency assets.
The Reality Check
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If you are in a difficult situation and work in a low-income job such as a dishwasher, server, or factory worker, you can still save some of your hourly wages to invest in cryptocurrency.
One of the best things about cryptocurrency investing is that you can start with a small amount of money. Platforms like Binance and KuCoin allow you to invest as little as $10 to buy any cryptocurrency of your choice.
I wrote this article to motivate those who believe they have valid excuses for not investing in cryptocurrency.
In fact, investing in cryptocurrency may be the easiest way to escape poverty, especially if you’re in a tough situation.
It doesn’t matter how much you earn; you only need to learn how to save in crypto and be committed to it.
To understand the power of saving in cryptocurrency, let me tell you the story of Julius, who worked in a factory in a third-world country and earned less than $100 per month.
Case Study of Julius
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In 2015, Julius learned about Bitcoin when it was trading for less than $250 and started investing at least $20 every month. Sometimes he invested more if he received cash gifts from others.
He intentionally refused to save his money in a bank account, where his local currency was constantly losing value against the US dollar. Instead, he saved his money in Bitcoin.
Now you may wonder how could anyone earn less than $100 monthly and still make investment plans.
Well, this is the reality for many people in developing countries, especially in Southeast Asia and Africa. You could ask friends or followers from those regions to get an idea of their living conditions.
You see, the purpose of this article is not to shame anyone but to highlight the resilience of those who face extreme poverty and still find ways to invest in their future and live happily.
Julius didn’t allow his poor background to prevent him from making plans for his future. He set a goal and remained committed to it for over 4 years.
Within 5 years, Julius became a multimillionaire in his country and worth several thousand dollars when the price of Bitcoin rose to over $65,000 in 2021. He later resigned from his low-income job in 2021 because Bitcoin changed his life.
So, if you live in a country where the dollar constantly rises against your local currency, saving in Bitcoin and Ethereum could be your way out of poverty and inflation.
Julius escaped poverty to gained financial freedom even though he lives in a third-world country. Julius’ story is a humbling one that shows how investing in cryptocurrency can transform anyone’s life.
Your Turn…
Now, let’s return to our main topic and talk about you. Have you invested in any cryptocurrency asset, or what’s preventing you from doing so?
You see, whether you’re a dishwasher, an accountant, a lawyer, or a doctor, you can create a profitable crypto portfolio that suits your lifestyle and risk tolerance.
If you think that it’s too late to get involved in crypto and that investing in cryptocurrency won’t make you wealthy, I have good news for you.
We are still in the early stages of the bull market, which means you have the opportunity to invest in selected cryptocurrency assets to build wealth.
How I Would Invest $50 Weekly in Cryptocurrency
If you want to start investing in cryptocurrency with a small budget, here are some steps you can follow:
Don’t be lazy to take up extra jobs, and if you don’t mind, work at least 7 hours a day. If you earn at least $10 per hour, you could make over $70 daily.
Save $10–15 per day for at least 5 days each week and invest it in crypto.
Next, do some research on altcoins that have less than a $100 million market cap using the CoinMarketCap website.
Choose three cryptocurrency assets to invest in. But avoid the top 50 altcoins.
If you’re young and everyone around you is showing off their girlfriends, shoes, and watches, ignore the competition and focus on your goal.
Don’t diversify your investment too much. Choose three altcoins, one from each page on CoinMarketCap, and invest in them every week.
Cut down on unnecessary expenses like coffee and other stuff and put that money into your crypto portfolio.
If you get a raise or a cash gift from someone, increase your investment.
I know the points I listed above may be difficult, at least you can accomplish over 75%.
Maintaining Focus and Discipline
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Now, you may ask, does it mean you have to sacrifice some comfort to invest in crypto? Maybe yes.
Think about it. If $70 out of every $80 you earn from your day jobs can’t solve your problem, then $80 probably won’t be enough to solve it.
So, why not save at least $10 from every amount you earn daily and keep it in your piggy bank? Then, take it out every weekend and invest it in your selected tokens.
Risks and Rewards
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You might ask, which altcoins do I suggest? Well, I don’t recommend investing in Bitcoin if you’re starting with such a small amount because you won’t profit much from it.
Now, you are taking a high risk by investing in altcoins that could change your life if everything goes well.
Remember, he who is on the floor fears no fall. You’re probably at the lowest point of your life and it would take drastic and high-risk investment to change it.
So don’t be scared to make such a risky investment. If, at the end of four years, it goes to zero, move on. But if the universe favors you and you make the right decision, you could change your life in three years.
I won’t specifically suggest which altcoins to invest in. You should do your own research using the CoinMarketCap or CoinGecko websites. If you need some guidance, you can read this article here.
Bitcoin is Dead: Why Investing Less Than $1,000 is a Bad Idea
This article reveals why investing $1,000 in Bitcoin won’t make you rich in the next bull market. But these altcoins…
wire.insiderfinance.io
Also, remember that not every investment will be successfus prepare for the worst. Even if two out of three crypto investments fail, you can still make substantial profits from the one that succeeds.
So, why not begin your crypto investment today and watch the universe smile upon you?
You see, no one said it would be easy, but it’s worth a try.
Long-Term Commitment
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If you reside in a country where you can connect your bank account to a cryptocurrency exchange like Binance or KuCoin, you can start your crypto journey by signing up today.
You can make weekly investment commitments to dollar-cost average on your selected altcoins at a lower price.
This strategy works best during the bear market or at the early stages of the bull market.
Furthermore, it’s important to stay committed to your goal for 3 to 4 years, just like Julius, who invested $20 monthly for four years and ended up becoming wealthy.
If you invest $50 weekly and continue this for 12 months, you’ll have invested over $2400 per year, and in 4 years, you might have invested over $9600.
Luckily, if your portfolio yields a 25x return on investment, you could turn $9600 into over $240,000 within that period.
Remember, timing is important when investing in cryptocurrency. If you invest during the bear market, you can easily make profits compared to someone who invested at the peak of the bull market.
So, read the article below to learn the right way to invest in crypto.l. Out of the three altcoins you select, perhaps one will succeed, one will break even, and one will fail.