Thread: My crypto plan to wealth
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03-17-2023, 09:58 PM #1
My crypto plan to wealth
1. Bitcoin all the way. There is no need for others. Because they follow bitcoin. And its more smart to be an expert on one crypto than semigood on several.
2. Combine longterm and daytrading.
I have 1 bitcoin stored at an safe exchange. And i will not sell, even if it reaches 60 k this summer. Maybe if it reaches 250 k in 5 years or so, i will consider, but then its hard to get in again.
3. For quick gains i use cfds without giring. Thats important. Then you just buy and wait without the risk of beeing thrown out.
I tried with giring first and the money was quick and alot, but when it turns bearish over time your fucked. I lost 20% because i selled out cause i believed it wouldnt stop.
Without giring and paying rent, u just wait when it goes down and sell when it raises.
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03-24-2023, 11:16 PM #2
Jupp, but i switched back to 2x giring on the daytrading. You just need extra cash on your account, so they dont kick you out of a falling position.
Secondly i think the marked for bitcoin is bullish this summer, so if you are 10 k in minus, you just have to be cool and wait. One month, 2 months. It will raise again.
That was my mistake the first time.i waited like 3 weeks, then i sold out with a loss of 20%. I lost 10 k. If i just waited for 5 more days, my positions would give profit instead.
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03-25-2023, 05:53 AM #3
What are you hoping, that that the bitcoin value will reach 1 mil some day?
I dont see it going past 200k myself perhaps might drop to even close to 0 some day when big goverments start banning it some day. But what do i know.
The hardest thing is to know when to sell, at the peak and before the drop
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03-26-2023, 06:50 PM #4
Well. U live once. Many gurus say it will reach 250 to 1.5 mill in years.
Many say 250 is bearish.
So this is my only chance to get rich.
My job is ok, some founds from family when that time comes.
But i will not be worth 2-3 mill dollars no matter what without this.
I dont think invest in gold, oil, businesses will cut it.
Valuta, index etc are so complex.
Bitcoin is so easy.
I think, at my age, and with no financial invest experience so far, bitcoin is it.
And the fact that some people with years of indepth studies, say bitcoin will hit 1mill "soon" is enough for me.
I dont see anybody say Gold, Walmart, oil, Tesla will give i 50x in 5 years.
Profit options:
Biggest problem is you need to invest big money. Or else forget it.
I think 2 bitcoins are a min.
Because then u can short one of them for monthly profit and keep the last one until u can retire with nice spendings.
I have 3 of them today.
7 bitcoins are worth 175 k today.
If only 10 x witch is bearish they say, i will have 1 750 k in 5 years.
That should be enough.
I play with thougths of selling my house, buy 4 bitcoins, rent a nice apartment for 3-5 years, then spend the rest ofmy life in an expensive place retired and just doing what i want.
Maybe work one hour a day setting bitcoin daytrading positions
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Last edited by AR's King Silabolin; 03-26-2023 at 06:57 PM.
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03-27-2023, 11:48 AM #5
Well there is bigger chance that bitcoin will hit 1 mil then winning the lottery so good luck with that, why not take a chance i can respect that
But i would strongly advise against selling the house and going all in on the bitcoin, its too volatile and if it goes shit you will be fucked
Buy something like apple or google stock they more then doubled with last 5 years and been only rising forever and will probably keep doing so
I knew it was a good investment like 15 years ago already only problem is i dont have anything to invest lol or else id have made a pretty good profit already
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03-27-2023, 11:53 AM #6$10,000 investment in Apple stock at the beginning of 2012 would now be worth just over $106,000, assuming the dividends paid out by the tech giant were reinvested. That translates into average annual returns of just over 25% over the past decade.
Last edited by s1nc1ty; 03-27-2023 at 11:59 AM.
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03-28-2023, 09:42 PM #7
Havent come across one guru/expert into crypto who says bitcoin will not be worth alot more than it is today in 5 years.
Just follow the all curve from 2008. It hits the moon and deep valleys but all in all it raises.
Ok, u can buy bitcoins for 1 mill now at 27 k and as one expert said, super worse case it will trade for 5 k this christmas.
But...even he said during 2024/25 it will raise like a mf and u will get your money back with profit.
Ok then. Fuck xperts. Forget them. Look at the history. It raises. Somethimes quick, sometimes opposit. But all in all, if fucking raises. You just have to be able to wait.
I started 1 feb 2023. Then it traded around 23 k.
Now it trades close to 28k.
If i bougth bitcoin for 1 mill (sold the house) 1 feb 2023 i would have earned like 30 k in 2 months.
Point is, u have to get in now. And u need to put in a lot.
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03-29-2023, 12:24 AM #8
Say the gurus what they will, its a gamble.if you go all in, be prepared to loose everything. It might go your way, but be prepared to loose
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03-30-2023, 04:02 AM #9
Whos preparing???
Bitcoin pumped to fakkin 29,2 tonigth!!!!...I sold at 28,6 unfortunately, but...it gave some profit.
Now were at 28,5 again, but i think that is a bit too high to make a long. (Means buying a position)
Or..was it a short??....no no, when u do a short, u sell!
Im beginning to learn their slang lol
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Last edited by AR's King Silabolin; 03-30-2023 at 04:07 AM.
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07-08-2023, 04:45 PM #10
I am sitting in a pretty good chunk of btc. Last time I cashed a bunch out was when it was worth 62k per coin, it’s gonna keep going up over time. I’m leaving my coin in there for now
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07-09-2023, 02:18 AM #11
whats the best place to store bitcoin?
Im thinking, if they saying so hard that it goes to 1 mil in 10 years or less. And its under 30k right now. If i put 3k in bitcoin right now, if it reaches mil my 3k will be worth 100k. Pretty good return for a pretty marginal investment. Better chances then playing the lotteryLast edited by s1nc1ty; 07-09-2023 at 02:27 AM.
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08-28-2023, 01:13 AM #12Junior Member
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Have you heard about people posting sketchy links that are against the rules?
Last edited by almostgone; 09-12-2023 at 10:47 AM. Reason: Removed casino link
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