Simple 2X Long-Term BTC Strategy
Will I be able to 2X twice in a single year?
Bitcoin is on it’s way downward, and I am waiting.
Last year when Bitcoin crossed 100k, I sold, bagging around $140,000 USDT from an initial investment of about $76k.
I have done this several times now.
How I Intend to Become a Crypto Millionaire! —3 flips down, 3 to go!
BTC price crossed $100k a few days ago, and now I wait for the next dip!
This is the easiest compounding of my money I have ever done, and I assure you, I am not a pro.
As stated many times, I am just a guy who sees a path and takes it.
This isn’t the hardest math. There is no algorithm needed.
It has taken several years to accumulate what I have using simple limit orders.
When I first saw Bitcoin gaining 80% and then falling 80% over the course of a decade, I said to myself, “maybe I can just double my money every few years? Surely it can’t be that easy.”
And if Bitcoin tanks and never recovers, if it actually crashed and stayed dead, I wouldn’t be typing this, and my ride would be over.
Yet, pretty consistently, it has been this easy, and Bitcoin not only recovers, but reaches breand new highs.
It takes PATIENCE.
And SKIN IN THE GAME.
If you sell at the wrong times because you loose patience, you will only kick your savings right in the nuts.
I started with only $10,000, and told myself that if I lost it, it would be ok, because missing this opportunity would be something I would regret more than loosing on it. Loosing that money and learning my lesson would be less of a burn to my inner spirit.
Well…. it worked.
And it keeps working.
As long as Bitcoin has an upward future, I don’t have much doubt I can pull off my end goal.
They key — I treat this project like a 401k now. I don’t take from it, I pretend it’s money I cannot extract until I reach my goal.
Anyone can do this, it doesn’t require any specialized knowledge.
You wait for Bitcoin to bottom out so you can buy-in (and you won’t be accurate here, pretty much ever, but that is ok), then after you buy in, you set a limit order to sell at 2x the value at which you purchased.
That’s it.
If you are like me, sometimes you might get an itchy trigger finger and sell when you reach 90% of the goal, and that is ok too.
It’s up to you how to play this game, but I think it’s one of the most simple strategies you can deploy that takes the least brain work possible.
It just takes a massive amount of PATIENCE.
Disclaimer : This is not financial advice and I am not a financial advisor. This is just what I am doing with my own money. I am NOT an expert. I am some dude on the internet who sees a path sometimes, and takes it.
Thank you for reading!
Until next time….
Onward and Upward Everybody!
-Chris