Topic: How to Win at Bitcoin and other cryptos (Read 725 times)

I can suggest some ways to earn bitcoin and other crypto (tokens) instead of investing into crypto yiu can try to join signature campaigns where you can get a good passive income or else post your portfolio with your area of expertise and try to get some sort of job from this forum and accept payments in bitcoin but when it comes to other crypto I would suggest to go for bounty campaigns and there are some bounty campaigns who pay by bitcoin

it is always easier to say than done. but i like the spirit!

As you rightly mentioned above mind set plays a very important role in investment decision. The your mind set is positive the same things will work for you. And If you have a negative mind set things will turn out negative for you most time. Investing in Bitcoin and maybe other altcoins with greater future will go along way in your yiening for more Bitcoin.

if you want to earn money you can join bounty or campaign or just register for airdrop cases in airdrop limited slots just to be pre-registered if you can not register without money.

Did you already apply it to yourself? cause this is a wonder piece of advises.

Actually investing with Bitcoin as of now is worth a try more than anything else as almost every Altcoins is very dependent on the price of Bitcoin even though some of this can buy now straight with some exchanges, when there is a FUD or negative issue about bitcoin the price of it suddenly goes down and the same goes to other cryptocurrencies it also follows the down trend of the market so it seems like bitcoin is the real deal in the growth of cryptocurrency as a whole.

On the other hand it is so worth investing too to other crypto coins that has small value right now as it has a potential of a big growth in the future, it is all about trust and prayers I think when it comes to trading and holding cryptos.

Not everyone can work out on same theory. Suppose everyone hodl and hodl for long, then how could new ones will enter if no one is there to sell Bitcoins
Everyone has his own priorities. Not everyone wants long run capital gains, some are happy with regular profits.
It isn't wise either to sacrifice your present with aspirations to make future better. I wouldn't say it wrong if someone investing aggressively in small cryptocurrencies and making huge returns in small time frame with 'buy low and sell higher' theory. Hodling couldn't be universal phenomenon as if so happen Bitcoin market will die.

Nice recommendations and I do believe that one can actually make a savings for retirement benefits by following this recommendation you have make. We hope to that in future one can actually make good plan and even retired early by just buying some few coins now and hold them to said next 10 years.

Very useful information
I will try to follow all the points you give.
And I can be a winner in bitcoin
Thank you

Actually the points raised are already good plans to start with. Every point hit a mark and many newbie traders would bemefit if these points are applied. Though i don't think it's a sure win since there's no such thing in crypto, but that's a good start

I am agree with your all points, but what about the proper plan. You can't simple start trading and investing probably you need a plan for it. I like your 1st point more than other. Its true we need a positive mind set in order to get positive results . If you have believe in cryto and bitcoins, then this strong belief can lead to great success for you .

hmmm. Nice one! They are very great points and it can really work out, although some of them depends on the individual in question, but that does not mean a little tweak cannot be done as this can just serve as a guideline.

I like the number one most especially... Having the mindset that blockchain tech will change the world and will be the most sought after of all assets. If everyone can have this mindset, then it will be very hard to see weak hands that panics at the slightest cough of U.S or China.

Yes but have you hear that : " Yesterday will never come back, tomorrow maybe will never come and the best is today ?" Noone can know the future, how can you know there will be better technology and it's not Bitcoin anymore? When Bitcoin core can be updated after hard fork for more convenient to all users ? It's your choice, life is a choice.

Those look like very good advice's, and a good long term plan. I only have a question about the investment ratio you use. Isn't 50% Bitcoin, and 30% Eth/LTC to "risky"? You will have as much bitcoins as the other crypto that may not be so good. Shouldn't you have more BTC? Also, you will almost have as much ETH/LTC as the other riskier coins, as you "move down the market cap ladder" like you mentioned. Wouldn't 75% or 80% Bitcoin more safe, and maybe 20% to 15% of ETH/LTC and only the rest on some other coins?

I agree with everything that OP said mostly, except in the third point:


I wouldn't feel comfortable holding any crypto for 5 years other than bitcoin. These altcoins don't bring anything new and groundbreaking enough in my opinion, in order to consider them long term holds. Im sure some of the alts will deliver mad gains but I would stay at a safe 60% minimum BTC then 40% speculation with altcoins to try to find the get-rich-quick one that gives %100 gains in a span of 1-2 years.

Agree, you should widely spread your investment. Because having the most famous and a expensive one is too much for others, so to increase your investment for a longterm then you should invest it with other cryptocurrencies because there are so many ICO projects right now that has potential.

No real guide here. If your investments collapse what do you do? You are typing this as if cryptos are a guaranteed profit in the future and they may very well not be. There is always the possibility that a new cryptocurrency arises with far better technology than the rest making all the others obsolete and making your investment worth 0$

This is indeed a good guide which would really be great tool for those people who tends to jump in on trading or investing field and as being said here not everytime those ways would work since there are circumtances which normally affects situations which would lead up on opposite things that we do expect.

I agree with you and how you thinking about these things.Big problem for most people these days is that they do not believe in blockchain&bitcoin long term so at any sign of some negative news they sell instead of hold and profit in future.There are many coins out there but I doubt any of them can be successful as bitcoin,but it is never wise to invest all your money only on one thing-in my opinion more then 50% should be invested in bitcoin.

This is very nice step by step guide and everyone can adjust the numbers according to their needs/possibilities.I think 120 000$ is just example,but many of us would be happy with a much smaller amount

Interesting concept or strategy who will call one or the other. But this dont mean that every time this will work. Being trader/investor have flaws and everything that its with this have risk. But i must admit nice set of rules or guidance you put in single post. Maybe this will help future traders/investors here with some guidelines and rules.

Apparently, this is what i need right now, thanks for this. Number should be really prioritizes, If you have a wrong mindset, you will get everything wrong in cryptocurrency. I think we should add Strong Emotion, as we all know, a lot of people have a weak emotional and easily vulnerable to FUD and kinds of Drops, it shuould help to perfectly do the number 1 which is the Mindset.

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!