Is it possible to create wealth without using traditional means? Is it possible to build wealth from anywhere in the world entirely online?
In theory, yes, and a disruptive way to do so would be through Blockchain technology.
In fact, many people worldwide are focused on this goal.
Blockchain technology and its multiple crypto-assets are possibly the most democratic way to achieve financial freedom.
However, building wealth from crypto-assets doesn't mean it's a quick process; it's similar to building an online business or, more accurately, managing a personal investment fund.
The steps in this direction are similar to traditional finance in terms of their phases: generating income, saving, investing, taking profits, reinvesting. The difference is the financial vehicle: crypto-assets (Cryptocurrencies and Tokens).
However, to try to achieve solid and sustained financial success over time, financial education in the crypto field is essential. You have to learn about crypto. Never invest in what you don't know.
If we review what has been published online (everyone can do their own research) regarding this type of topic, some criteria that can be found repeatedly in various sources are the following:
- It is wise to know your Investor Profile.
- Consider using the DCA strategy.
- The importance of taking profits according to your own plan.
- The benefits of periodically rebalancing your portfolio.
- Consider using stablecoins (USDT/USDC) to protect yourself from volatility or enter and exit the market without excessive costs.
- Be aware that certain crypto-assets (highly speculative), although they may offer greater potential returns, carry a much higher risk.
- That, in general, investing in crypto-assets carries a high level of risk, including the real possibility of losing all of your invested capital.
Following these kinds of criteria (and many others that can be found) is no guarantee of success, but they are a starting point for each person to embark on their own path.
Creating real wealth, as a rule, takes time. The road is long but possible.
Disclaimer: The content of this article cannot be considered as investment advice or financial advice. This post is for informational purposes only.
