I've seen these websites and marketing pieces
offering secrets to becoming a bitcoin millionaire.
Here's the surest way:
Step one: buy 100 coins now.
Step two: wait for price to go to 10k.
This might be your last chance to do it.
100 bitcoins looks a lot to many people so maybe this:
Step one: buy 10 bitcoins now.
Step two: wait for price to go to 100k
You could become a millionaire much quicker by doing technical analysis. Buy at the right time and sell at the right time.
You need to be super smart though to be able to do this profitably.
Plus you might get eaten by exchange fees.
I still think it is a better strategy then buying and holding but unfortunately I personally am not smart enough to do technical analysis.
Bitcoin is not a very technical market because the market depth is low. Generally, technical analysis works and is valid, but you are only right 60% of the time if you are good (otherwise there would no one willing to take the other side of a trade). Always a balance between risk, reward, and certainty. Trading is about exploiting a small edge consistently over time. It is difficult (or else everyone would be a rich trader).
That's why I said the SUREST way is just get in now while it's cheap with enough capital.
Yes, only like 10% of traders are successful traders.
