Crypto Billionaire Xavier Aponte’s Golden Rules of Investing

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Crypto Billionaire Xavier Aponte’s Golden Rules of Investing

September 24
02:46 2022
Crypto Billionaire Xavier Aponte's Golden Rules of Investing

Cryptocurrency has been a hot topic for many, for quite some time now. However, not many fully understand the concept and it can be overwhelming if you are not familiar with the market yet. Like any other investment, it is best for you to first dip your toes into the crypto pool before you go deeper.

Last year, it felt as if crypto prices would only go in one direction and investors could do no wrong. But today, many cryptos are down 60% or more from their all-time highs. This is a stark reminder that these are risky investments that can go down as well as up.

Those who are financially educated and understand the fundamentals of crypto trading are able to make money even in a bear market. Those who dive into it solely based on emotions and no research or education may end up losing all their life savings even in a bull run.

Crypto Billionaire Xavier Aponte shares with us his 5 Golden Rules of investing in this booming blockchain technology. Xavier, who went from having $1.16 to his name in 2014 to becoming a Crypto Billionaire, is the founder and CEO of Juice Crypto Consulting and 5th Dimension Studios.

Golden Rule #1

Never risk the money you cannot afford to lose. Many people overextend themselves and cause financial crises for their families and themselves. RULE OF THUMB: Implement sensible risk control. By doing this, you will avoid making poor decisions, a maximum of 3-5% of your portfolio.

Golden Rule #2

One way to survive the volatility of crypto is to invest with a set plan of action in place before you execute any buy order. It is imperative to have a defined long and short term strategy. Having a long term strategy is challenging but it is an approach that will help keep even prolonged dips in perspective and prevent making irrational, emotional decisions.

Golden Rule #3

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