Winning strategy for becoming rich in the next 10 years
Updated
If you are the patient type and have some spare change I have a slow but possibly profitable strategy for you!
It goes like this:
Buy a fixed amount in fiat of BTC every x period of time for a longer period of time while BTC is recovering from the last trip to the moon, and make a note of the purchase in your portfolio. You can preferably use an online portfolio or an app that automatically displays the value change of each buy. Sell with small profit when you have the chance, or wait until next time BTC increases fairly in value again and start selling.
Examples:
Buy 10 USD worth of BTC every week. You will spend around 520 USD per year.
Buy 10 USD worth of BTC every day. You will spend around 3650 USD per year.
Buy 100 USD worth of BTC every week. You will spend around 5200 USD per year.
Over time you will have a lot of small buys on a lot of different values. Follow the value on each buy and wait.
You can then either wait until all your buys are in profit in a distant future and start selling 10 USD of BTC every day while the price increases.
Or you can select individual buys and sell when the specific buy is in profit.
In a perfect scenario you would accumulate BTC over time and in a few years find yourself at a point in value and time where you can start selling with a profit on every sell.
Logically your small buys will loose value if the value of BTC is declining, but if you buy every day or week chances are you can sell again with a profit pretty fast when the BTC value goes up and down due to the volatility. This way you can make small profits many times.
If you have a lot of patience and BTC does another massive increase in the next 10 years, something most people think will happen, you might be able to sell with a massive profit while only investing a small amount every day/week/month.
Good "luck" :)
Ps.
You can buy some other stable cryptos and mix it in for fun, ETH, LTC and the rest of the usual suspects, and maybe throw in some high risk coins now and then just in case.
It goes like this:
Buy a fixed amount in fiat of BTC every x period of time for a longer period of time while BTC is recovering from the last trip to the moon, and make a note of the purchase in your portfolio. You can preferably use an online portfolio or an app that automatically displays the value change of each buy. Sell with small profit when you have the chance, or wait until next time BTC increases fairly in value again and start selling.
Examples:
Buy 10 USD worth of BTC every week. You will spend around 520 USD per year.
Buy 10 USD worth of BTC every day. You will spend around 3650 USD per year.
Buy 100 USD worth of BTC every week. You will spend around 5200 USD per year.
Over time you will have a lot of small buys on a lot of different values. Follow the value on each buy and wait.
You can then either wait until all your buys are in profit in a distant future and start selling 10 USD of BTC every day while the price increases.
Or you can select individual buys and sell when the specific buy is in profit.
In a perfect scenario you would accumulate BTC over time and in a few years find yourself at a point in value and time where you can start selling with a profit on every sell.
Logically your small buys will loose value if the value of BTC is declining, but if you buy every day or week chances are you can sell again with a profit pretty fast when the BTC value goes up and down due to the volatility. This way you can make small profits many times.
If you have a lot of patience and BTC does another massive increase in the next 10 years, something most people think will happen, you might be able to sell with a massive profit while only investing a small amount every day/week/month.
Good "luck" :)
Ps.
You can buy some other stable cryptos and mix it in for fun, ETH, LTC and the rest of the usual suspects, and maybe throw in some high risk coins now and then just in case.
Note
So far it seems to be working out well ;)Note
It's paying out well right now, portfolio looks great.Note
If you actually did follow this strategy, today is a great day to start taking profits. All buys from January 1 to now are in good to great profit (buys even as far back as end of Nov 2018 are in profit).
I would still recommend continuing to follow the strategy. This is just the foretaste of whats to come.
Note
As proof of concept I made a separate portfolio to test the strategy separate from my normal strategy. Here is a screenshot of the current state
Note
So far this is a winning strategy. I dont have a single buy singe publishing that isnt in profit. See screenshot below. I could take profit on at least half of the buys and be happy now. But because this is a test and I only buy 10 - 50 € each time for the proof of concept portfolio (all buys are real buys though) I'm just going to keep adding to see how far it can take me :) Check out latest screenshot:
i.imgur.com/XAbcI5c.png
Note
Massive positive evolution, great strategy so far!Time to take some profits, but do still stay in the game. I think we will see more action.
Enjoy your massive profits! :D
Note
Screenshot of test portfolio today:Note
When I said winning strategy, I meant WINNING!Check out snapshot of the portfolio now :D
i.imgur.com/jLD7tcP.png
Doubled the money in 2 months.
And there are 9 years and 10 months left for the strategy to play out lol
If needed take profit, Ill wait some more.
10k in May
Note
Note
Im closing some of the buys/trades that are over 200% up now. Still buying on dips but I can't help to think that 200-250% is a decent profit in just 3 months so to not be greedy Im cashing out some bit by bit, very patiently. Just to cover the "running costs" so to say ;) Or to possibly buy back more on a larger dip. I recommend that you continue to amass BTC and try to keep as much as possible following the winning strategy above.
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