If you could travel back 10 years, how could you make a fortune with Bitcoin?
Logically, you would need to take these steps:
Step 1: Be extremely optimistic. For example, when Bitcoin was only $80, dare to imagine that one day the US would include it in its reserves, it would challenge gold, and each coin would be worth at least $100,000.
Step 2: Buy in batches. It's best to buy in batches near a general bottom, such as after a mining crash, and take large, all-in positions.
Step 3: Hold patiently. Use the vision from Step 1 to support your conviction and don't be scared off by short-term negative news.
Step 4: Sell part of your holdings. Since you bought in heavy positions, if your judgment is correct, wait for the market to recover, and once it rises several times, sell some off. Whether you make several times or dozens of times your money, just sell some when everyone else is FOMOing. This way, you can live well and continue holding on.
Ignore the base position and keep looking for new opportunities, keep learning, and hold your base position for as long as possible.
So, everyone, are there any assets today where you can replicate the above strategy?
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If you could travel back 10 years, how could you make a fortune with Bitcoin?
Logically, you would need to take these steps:
Step 1: Be extremely optimistic. For example, when Bitcoin was only $80, dare to imagine that one day the US would include it in its reserves, it would challenge gold, and each coin would be worth at least $100,000.
Step 2: Buy in batches. It's best to buy in batches near a general bottom, such as after a mining crash, and take large, all-in positions.
Step 3: Hold patiently. Use the vision from Step 1 to support your conviction and don't be scared off by short-term negative news.
Step 4: Sell part of your holdings. Since you bought in heavy positions, if your judgment is correct, wait for the market to recover, and once it rises several times, sell some off. Whether you make several times or dozens of times your money, just sell some when everyone else is FOMOing. This way, you can live well and continue holding on.
Ignore the base position and keep looking for new opportunities, keep learning, and hold your base position for as long as possible.
So, everyone, are there any assets today where you can replicate the above strategy?