5 keys to wealth creation in the crypto space

[Inior]

Good morning my fellow Nigerians, from my little experience for this industry I fit boldly tell you say if you no follow this principles e go hard you to make am for this industry. Nine make I say make i put down the  5 major keys way person need to make am for this  crypto space. The first one na

• saving and investing: many of us know this one but we no dey do am. This one na to keep small of your income aside for future use no be to chop all , and then investing na to put some of you income into some thing way go make that money increase value over time. save at least 10% of your income and invest like 20%, you go surely see changes, and then the second one na

• Education and continuous learning: this one dey very important because na this one go keep you up to date , this one na to dey continuously  gather knowledge and skills way go fit help you get more money.Then The third key na

 • entrepreneurship: Most of us  know This one too , this one na to start and run your own business , so that you fit get other streams of income. So you no go dey depend on only one. the  fourth key na  

• strategic planning and goal setting: This one na matter of setting clear financial goals and to create  plans way go fit help you  to achieve them. And the last one na

 • financial literacy: This one dey very important , make we tell ourselves the Truth, to get am clear for this industry, we really need to understand  how money dey work , how to make am, how to manage am, and how  to invest am. If you know this things e go really help your finance. And take you to the next level.

[1714540051]

1714540051

[1714540051]

1714540051

[1714540051]

1714540051

[Hatchy]

Well op, you have listed some vital points to know here. But your post isn't properly arranged as you were supposed to at list give spaces or highlights your points on your post, to make them identifiable by your readers. No stress you are still new I guess with time you will learn how to.

As for your points listed, yes they are all important for someone who is willing to take his wealth to a whole new level. As they say, one needs to diversify his income and also have more than one source of income in this current economy situation of the country. As an investor I'm the crypto space, you should learn to invest into more aspect that would yield you profits. Don't always be on the idea of spending and wasting money. There are some good business that you can indulge yourself in that would make good profits for you. You should be able to make good productive plans in life to help you attain wealth.

[Zanab247]

If you save money from your working place and look for a potential assets to invest the money, I guess it will make you wealthy if you will be able to follow all the procedures that will make your assets to bring out good profits in the future.

 Not everybody that is educated that is wealthy OP, some educated people that is wealthy in the community today is by luck and if you think is not truth, just go back to the school you attended before to see some of the teachers and lecturers that lecture you before if they are wealthy till now,  I know that goal setting can make you wealthy if you go with patience with you planning and goal setting, which is the easiest way to continue flying higher in wealth in your investment.

[Dr.Bitcoin_Strange]

Well, I would say that these five keys you have listed are not only the key factors for creating wealth through crypto investment; they are all general important factors for wealth creation and preservation, and if practiced, one will not only be successful as a crypto investor but will also be successful in chasing their dreams towards achieving financial success. Like you have mentioned already, education and continuous learning are what I am more interested in because education is continuous, and for someone to become a better version of themselves, they must keep learning in whatever they are doing. For example, if a trader wants to become more professional and successful, he must keep learning. If an entrepreneur wants to be more successful than other entrepreneurs, learning is something they never stay away from. 

[Amphenomenon]

Op can you please give some space to each of these key areas you mentioned in order to make your post more readable. Also you can go through this guide [GUIDE] Bitcointalk forum etiquette.

In the education and continous learning, you have to also be learning how to keep your funds safe because you can't be saving for someone to steal later. Also you have to learn about the risk involved in any investment before going into it.

[KupaCrypto]

Good morning my fellow Nigerians, from my little experience for this industry I fit boldly tell you say if you no follow this principles e go hard you to make am for this industry. Nine make I say make i put down the  5 major keys way person need to make am for this  crypto space. The first one na
saving and investing: many of us know this one but we no dey do am. This one na to keep small of your income aside for future use no be to chop all , and then investing na to put some of you income into some thing way go make that money increase value over time. save at least 10% of your income and invest like 20%, you go surely see changes, and then the second one na
Education and continuous learning: this one dey very important because na this one go keep you up to date , this one na to dey continuously  gather knowledge and skills way go fit help you get more money.Then The third key na
 entrepreneurship: Most of us  know This one too , this one na to start and run your own business , so that you fit get other streams of income. So you no go dey depend on only one. the  fourth key na  strategic planning and goal setting: This one na matter of setting clear financial goals and to create  plans way go fit help you  to achieve them. And the last one na
 financial literacy: This one dey very important , make we tell ourselves the Truth, to get am clear for this industry, we really need to understand  how money dey work , how to make am, how to manage am, and how  to invest am. If you know this things e go really help your finance. And take you to the next level.

This keys wey you talk about so good to put into effective practices In order  acquire knowledge and wealth, but you for also talk about the strategies wey person fit use acquire the wealth make them no Apply the keys wrongly, well make I add some strategies too wey fit still help us acquire wealth on top crypto space,


1. Long-Term Investment: Hold on tight to cryptocurrencies for long time, make money from the possible growth wey fit happen later.

2. Day Trading: Buy and sell cryptocurrencies often within one day to make money from small-small price changes.


3. Staking: Make money by joining blockchain networks come later help confirm transactions through staking.


4. Mining: Produce new cryptocurrencies by use computer power to confirm and write down transactions for blockchain.


5. Lending: Make money when you lend your cryptocurrencies to people through DeFi platforms and collect interest.

6. Arbitrage: Use price differences for different cryptocurrency markets you go make money when you buy cheap and sell expensively.

7. Airdrop: Airdrops give chance to get new cryptocurrencies without needing to put in money directly.

So in conclusion adding this to the keys wey OP talk go make you gain both knowledge and wealth from crypto space.

[EL MOHA]

This keys wey you talk about so good to put into effective practices In order  acquire knowledge and wealth, but you for also talk about the strategies wey person fit use acquire the wealth make them no Apply the keys wrongly, well make I add some strategies too wey fit still help us acquire wealth on top crypto space,


1. Long-Term Investment: Hold on tight to cryptocurrencies for long time, make money from the possible growth wey fit happen later.

2. Day Trading: Buy and sell cryptocurrencies often within one day to make money from small-small price changes.


3. Staking: Make money by joining blockchain networks come later help confirm transactions through staking.


4. Mining: Produce new cryptocurrencies by use computer power to confirm and write down transactions for blockchain.

Firstly I will start by saying almost all your points listed here are more of a gambling feature than it been an investment opportunity or tool.

1. It is not every cryptocurrency that you should buy and hold for long, in fact the only cryptocurrency that is worthy of holding for a long term is bitcoin, all Altcoins are risky to hold, when you have your money on them take profits when they increase.

2. This one is at least Better as you will earn a little by the profits you get.

3. Staking is risky because you need to entrust your funds into another entities custody. The exchange can easily get rugged and your funds will go with it. Also the APR with staking coins isn’t that good to risk your coins.

4. The only cryptocurrency mining that is certain of reward is bitcoin mining and that been run in Nigeria isn’t profitable anymore due to electricity or power consumption and the amount to purchase ASIC.

[Bitco55]

Good morning my fellow Nigerians, from my little experience for this industry I fit boldly tell you say if you no follow this principles e go hard you to make am for this industry. Nine make I say make i put down the  5 major keys way person need to make am for this  crypto space. The first one na
saving and investing: many of us know this one but we no dey do am. This one na to keep small of your income aside for future use no be to chop all , and then investing na to put some of you income into some thing way go make that money increase value over time. save at least 10% of your income and invest like 20%, you go surely see changes, and then the second one na
Education and continuous learning: this one dey very important because na this one go keep you up to date , this one na to dey continuously  gather knowledge and skills way go fit help you get more money.Then The third key na
 entrepreneurship: Most of us  know This one too , this one na to start and run your own business , so that you fit get other streams of income. So you no go dey depend on only one. the  fourth key na  strategic planning and goal setting: This one na matter of setting clear financial goals and to create  plans way go fit help you  to achieve them. And the last one na
 financial literacy: This one dey very important , make we tell ourselves the Truth, to get am clear for this industry, we really need to understand  how money dey work , how to make am, how to manage am, and how  to invest am. If you know this things e go really help your finance. And take you to the next level.

When you said 5 keys to wealth creation, I don't know what I was expecting but this definitely wasn't it. Anyways, it doesn't change the fact that this is what and is most of what there is to wealth creation in this industry. Continuous learning, saving and investing, entrepreneurship, financial literacy. Others may be; hodl Bitcoin, trade altcoin. If you can, you can mine. A business that accepts cryptocurrencies would go farther than expected.

Anyways OP, your advice you be very much followed. Thank you.

[Inior]

If you save money from your working place and look for a potential assets to invest the money, I guess it will make you wealthy if you will be able to follow all the procedures that will make your assets to bring out good profits in the future.

 Not everybody that is educated that is wealthy OP, some educated people that is wealthy in the community today is by luck and if you think is not truth, just go back to the school you attended before to see some of the teachers and lecturers that lecture you before if they are wealthy till now,  I know that goal setting can make you wealthy if you go with patience with you planning and goal setting, which is the easiest way to continue flying higher in wealth in your investment.

Yea that's true, like what I discussed on the post, they are five keys , and I believe they should be applied in confluence not in bits.

Well op, you have listed some vital points to know here. But your post isn't properly arranged as you were supposed to at list give spaces or highlights your points on your post, to make them identifiable by your readers. No stress you are still new I guess with time you will learn how to.

As for your points listed, yes they are all important for someone who is willing to take his wealth to a whole new level. As they say, one needs to diversify his income and also have more than one source of income in this current economy situation of the country. As an investor I'm the crypto space, you should learn to invest into more aspect that would yield you profits. Don't always be on the idea of spending and wasting money. There are some good business that you can indulge yourself in that would make good profits for you. You should be able to make good productive plans in life to help you attain wealth.

Ok boss, thanks for the observation, I go work on am now now.

Well, I would say that these five keys you have listed are not only the key factors for creating wealth through crypto investment; they are all general important factors for wealth creation and preservation, and if practiced, one will not only be successful as a crypto investor but will also be successful in chasing their dreams towards achieving financial success. Like you have mentioned already, education and continuous learning are what I am more interested in because education is continuous, and for someone to become a better version of themselves, they must keep learning in whatever they are doing. For example, if a trader wants to become more professional and successful, he must keep learning. If an entrepreneur wants to be more successful than other entrepreneurs, learning is something they never stay away from.

Yea exactly that's true, you are on point,These keys to wealth creation are not exclusive to crypto investments; they form the foundation for wealth creation and preservation across all areas.

[Mate2237]

You don try but to make money in this ecosystem e no dey hard like that and no fit need all those things wey you mentioned. I know say some people don tell you the things we need and I will also like to talk my own but I don talk am before and I want to talk am again. Di first thing you need to do first na to k ow how to invest. You need di basic knowledge about bitcoin or cryptocurrencies that you want to invest. Then you go open a wallet wey you want o use for the investment. All these processes na person wey Sabi do nai go direct you oh. Then you go fit buy the coin from someone wey you know say dey sell.

Then you go dey buy and hodle till the All Time High. But before you start your investment make sure say you dey do business so dat you no go touch your investment money.

[iBaba]

Good morning my fellow Nigerians, from my little experience for this industry I fit boldly tell you say if you no follow this principles e go hard you to make am for this industry. Nine make I say make i put down the  5 major keys way person need to make am for this  crypto space. The first one na

All the 5 points you mentioned above are valid points as far as one's financial lifestyle is concerned. If we must grow our financial assets, then practicing all of the 5 points that you mentioned is paramount. For instance, if person does not have a good savings culture, he would hardly make progress or grow his financial assets over time. And he will only be faced with making money and spending money at the same time. Hence, becoming a circle in which he would be wandering on.

Secondly, the crypto space is all about education, it's all about enlightenment, about knowledge and understanding. Which means that if you do not have a foundational knowledge and a current knowledge and understanding of how the crypto world is working, you may not be able to take advantage of the opportunities that are bounded in it. And in any sphere of life, you need to tap from opportunities in the industry to be able to maximize the potential benefits in it. This makes financial literacy one of the key proponents of being in the cryptocurrency industry or space.

Thirdly, having a multiple stream of income is vital. The moment you start to make money or grow your assets in the crypto world, the next thing you want to do is to diversify. You want to open more doors for your crypto assets so that you can see them during the rough and tough days. This is why diversification in life generally is helpful. But whilst you diversify, ensure that you are grounded in the first stream before you can open up other streams. So that you don't end up having multiple streams of income but benefits from none.

[7juju]

Good morning my fellow Nigerians, from my little experience for this industry I fit boldly tell you say if you no follow this principles e go hard you to make am for this industry. Nine make I say make i put down the  5 major keys way person need to make am for this  crypto space. The first one na

• saving and investing: many of us know this one but we no dey do am. This one na to keep small of your income aside for future use no be to chop all , and then investing na to put some of you income into some thing way go make that money increase value over time. save at least 10% of your income and invest like 20%, you go surely see changes, and then the second one na

• Education and continuous learning: this one dey very important because na this one go keep you up to date , this one na to dey continuously  gather knowledge and skills way go fit help you get more money.Then The third key na

 • entrepreneurship: Most of us  know This one too , this one na to start and run your own business , so that you fit get other streams of income. So you no go dey depend on only one. the  fourth key na  

• strategic planning and goal setting: This one na matter of setting clear financial goals and to create  plans way go fit help you  to achieve them. And the last one na

 • financial literacy: This one dey very important , make we tell ourselves the Truth, to get am clear for this industry, we really need to understand  how money dey work , how to make am, how to manage am, and how  to invest am. If you know this things e go really help your finance. And take you to the next level.

Nothing comot for watin you talk. Anybody way want to grow in life must do more of investment and also engage himself in continuous learning. Another thing wey me fit just add na for us to learn how to take risk. Because person wey no dey take risk for life no fit grow for this industry.

[Benedictare]

   Wealth creation in Bitcoin is very technical,any slightest mistake everything, that is your wealth will be gone ,and so there are other necessary measures to take to secure and create your crypto wealth .

* Long-term investment-; Engaging yourself in a long-term investment is very ideal,by  buying little by little and accumulating it for about 5 years -10 years using a DCA strategy method as a long term plan that will not affect your monthly expenses when pulled out using this method has the ability of capitalizing on future growth..

* Short-term -; This has to do with Day trading by buying and selling  cryptocurrencies within the same day to make profit .
* Buying low and Sell high, and apply common sense.
* Arbitrage.
* Use safe storage , research and stick to the fundamentals.
* Stick to the major currencies

Bitcoin create wealth for people because of its value since it is able to be exchanged and used in replacement of Fiat currency .
 

[Churchillvv]

You don try write out some keys to success but no be the 5 key things to create wealth for crypto space because the points na general points wey for people to make am for life especially for financial freedom.
If person dey follow up all this strategies for any business wey them dey do you go see say gradually them go make big progress, especially if them come dedicate their time to learning new things. Because for life if you want grow you go must learn new new things wey dey for your business line so that e enable you catch more client.

For the crypto world for person to dey success for them go need do some kind thing like serious research. Wey go make them know the kind thingvwey dem want go buy. And to dey security conscious na big deal because even if you make billions from crypto and no better security the money fit go in a blink of an eye.

[odunybiz]

Good morning my fellow Nigerians, from my little experience for this industry I fit boldly tell you say if you no follow this principles e go hard you to make am for this industry. Nine make I say make i put down the  5 major keys way person need to make am for this  crypto space. The first one na

• saving and investing: many of us know this one but we no dey do am. This one na to keep small of your income aside for future use no be to chop all , and then investing na to put some of you income into some thing way go make that money increase value over time. save at least 10% of your income and invest like 20%, you go surely see changes, and then the second one na

• Education and continuous learning: this one dey very important because na this one go keep you up to date , this one na to dey continuously  gather knowledge and skills way go fit help you get more money.Then The third key na

 • entrepreneurship: Most of us  know This one too , this one na to start and run your own business , so that you fit get other streams of income. So you no go dey depend on only one. the  fourth key na  

• strategic planning and goal setting: This one na matter of setting clear financial goals and to create  plans way go fit help you  to achieve them. And the last one na

 • financial literacy: This one dey very important , make we tell ourselves the Truth, to get am clear for this industry, we really need to understand  how money dey work , how to make am, how to manage am, and how  to invest am. If you know this things e go really help your finance. And take you to the next level.

Nothing comot for watin you talk. Anybody way want to grow in life must do more of investment and also engage himself in continuous learning. Another thing wey me fit just add na for us to learn how to take risk. Because person wey no dey take risk for life no fit grow for this industry.

As you take risk, one must learn how to manage the risk. Risk management skills is very essential in life. Taking risk is important and managing your risk is more important as well. I've seen cases of people quitting crypto affect taking a life risk to invest and investment went wrong. Nothing is too sure, so we must learn to manage our risk so we won't be so disappointed at anything that happens.

[kentrolla]

You have mentioned some basic with a difficult articulation as it would be difficult for everyone to comprehend and yeah out of the 5 points you have mentioned I would say the most important would be the first point because if you don't invest by saving something for crypto then there is no point of the following points so one must ensure to upgrade their job and skill to earn more in order to invest more and then they can follow the remaining pointers.

[Inior]

Op can you please give some space to each of these key areas you mentioned in order to make your post more readable. Also you can go through this guide [GUIDE] Bitcointalk forum etiquette.

In the education and continous learning, you have to also be learning how to keep your funds safe because you can't be saving for someone to steal later. Also you have to learn about the risk involved in any investment before going into it.

Thanks allot for the correction,  I really appreciate. I will
make adjustments withh immediate effect.
And also thanks for the wonderful insights you shared into the aspect of risk management, which is by far the most important aspect of investing.

[Inior]

Like you have mentioned already, education and continuous learning are what I am more interested in because education is continuous, and for someone to become a better version of themselves, they must keep learning in whatever they are doing. For example, if a trader wants to become more professional and successful, he must keep learning. 

Yeà that's true, thanks allot for the wonderful insight you shared, especially regarding the illustration of the importance of Continuous learning to the journey of a trader. That's very very important to maintain relevance in the game.

[Inior]

.

Nothing comot for watin you talk. Anybody way want to grow in life must do more of investment and also engage himself in continuous learning. Another thing wey me fit just add na for us to learn how to take risk. Because person wey no dey take risk for life no fit grow for this industry.

quote]
As you talk am, na so the matter just be so, everything na risk management oo, nine be the only thing way go fit help person survive for this industry, thanks allot for the wonderful insight you shared.

[CryptopreneurBrainboss]

• saving and investing: many of us know this one but we no dey do am. This one na to keep small of your income aside for future use no be to chop all , and then investing na to put some of you income into some thing way go make that money increase value over time. save at least 10% of your income and invest like 20%, you go surely see changes, and then the second one na

The good thing be say anyhow wey you dey take create wealth before for the real world, you fit still use am create wealth for the crypto industry because say crypto na just another currency like fiats too but e come get better advantage pass fiats dem because of some features wey Bitcoin carry. Saving and investing na one of the OG ways of raising capital to take invest and with crypto you no need dey do two things again, you fit just dey save for Bitcoin and already you dun dey invest be dat. As you dey commot your percentages from saving, just put am for Bitcoin and you're set for life because na you go benefit am at the end of the day.

• financial literacy: This one dey very important , make we tell ourselves the Truth, to get am clear for this industry, we really need to understand  how money dey work , how to make am, how to manage am, and how  to invest am. If you know this things e go really help your finance. And take you to the next level.

U no really need financial literacy to make am for this industry but you need am if you wan get a head start ahead of your peers because no form of education is a waste/scam as people dey talk. A time will come when that education that you got go help you. This industry na new industry so no too dey believe person wey dey tell you say him be expert for here because na try your luck many people dey do here. That person wey dey tell you say him fit tell you coin wey go do well or not from his knowledge, if you put head for ground you go fit make money pass am. The education that are helpful here are those gotten from the general financial literacy wey you dey get for other businesses or investment. Just understanding how to buy, sell and store your Bitcoin for your non constodial wallet dun dey enough to make am for the industry.