Topic: How to Win at Bitcoin and other cryptos - page 2. (Read 671 times)

yeah you got a point out there. actually its up to you to where you are comfortable earning with, he was just being confused because of so many suggestions, method and strategies in earning, well you can't help it, its their own strategy, if you can do what they can then why not try. so far you can also try to do signature campaigns i think that was the most decent way of earning, set goals for yourself and what you want to aim with that's it.

Nice strategy you have, yes that's the right thing to do to earn some crypto coins and to be succesful in this path. you can also win through your knowledge, wisdom, flexibility, patience and investment. One more thing that is important and never forget the word Passion, you need this because how would you stay in your career or work if you don't like, want or love it? its like having a relationship without loving him or her, learn to love trading and all about bitcoin and thats a sure win for you.

Being investor is a great option although bitcoin a risky investation but as I can see bitcoin progress over 7 year , it show a promosing value.
That's why I can made $2000 profit from bitcoin just hold my most of bitcoin as long as possible

The investment is always subject risk mate but yeah your speculation are good here. We can always work out the math for long period of time and according to me also the longer the duration of your investment the longer is the profitability terms and returns.


Surely leaving the market in between can create chaos in the first place and may not be the best thing to do. This can keep us down in the market for longer runs and might ruin the trade that we are trying to fulfil.

Maybe you may try with other crypto as the OP suggest and not just bitcoin because other cryptocurrencies that are cheap today could rise during your retirement and so you can either mine or buy a sizeable stash down now.

That is a nice strategy and probably everybody's dream. Retire using your bitcoin stash. Unfortunately, most of us do not have sizable investments in crypto, and we may never get there.

The core thing is everyone has their own way of earning with bitcoin or other crypto currencies. That's why you see versatile answers on the forum for same thing. There is no right thing to do because trading might just work fine for me and signature campaign migt be finest for you to work with. This is why mos of the people are confused on what to choose because they are in the surly stages of the investment.

Your points are pretty good and expanding everything that we discussed elsewhere on the forum. I liked the point where you are saying about the portfolio making. Yes that's the good way to go with altcoin because there are so many coins no you can't really benefit from the single coin. It's better to increase our odds by investing into more than one. Rest is good as well.

Dont think any one singular of those is the "right one". Rather we have to combine #1 with #5 and from that we can make a solid gameplan. With how much you need to retire in mind that can help set goals and guide the

way you go about trading. This might make some players in the game super aggressive while making others calm and relaxed. I have seen both of these players in this industry and the only thing that is changed between

them is their mindset. Those two to me standout in terms of what we need to "win" this cryptogame

I like number one and three points. Mindset is very important to what we do in life. A positive mindset will always get someone to be focused even when it gets tough, you still go on because you know one day you will succeed. Also, having a portfolio is good, you diversify and own different cryptos because having one source of income is not really the best. Nice one.

So many discussions on trading, holding, mining, whats the right one? I can only speak from experience:

1. Mindset - First, you need to be in the mindset that public blockchains will change the world. In the future digital-cryptographic-based assets will be the most sought after of all asset classes. Once you get here, you are no longer frightened by the next negative news story or public condemnation.
(if you don't believe this and can't stick to it, then perhaps this is not the space for you)

2. Start with Bitcoin, it should always be your primary holding. Once you get more comfortable expand into the other well known cryptos (ETH, LTC).

3. Set up a portfolio with at least 50% in BTC, 30% in ETH/LTC and the rest in perhaps 3-5 other cryptos that you believe in and follow. Make sure to do your homework as the risk goes up exponentially as you move down the market cap ladder.

4. Have a long term horizon, 5 years +, if needed trade out of your 3-5 positions back into the top 3 cryptos depending on market conditions, but never leave the market completely.
 
5. Figure out how much money you need to be happy, lets say $120,000 a year. If that's the case then you would need to have $3M equivalent of crypto in order withdraw an upper limit 4% a year. This way you have your cake and eat it too.

6. You can start selling your BTC when 4% of your holdings will give a retirement-like lifestyle, while at the same time staying vested in a top tier asset class. Don't forget about taxes, hold over a year and pay only capital gains.

7. You Win!