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In 2015, I first learned about the cryptocurrency Bitcoin. Registration of the first Bitcoin wallet; Months of collecting satoshi from Bitcoin cranes. That's when I had a plan that would help me realize the dream of an idiot: to become financially independent, build a cabin in the woods near a lake, and fish every day.
The plan was this ... to quit smoking, and to invest the money that was meant to buy cigarettes into cryptocurrencies. After repeated attempts to quit smoking, I gave up. And my idiot's dream remained a dream until today. Seven years had passed since then, I still managed to quit smoking and it was very pleasant and easy. Now the challenge was not to smoke again and I succeeded in solving it, but now we are not in a vow.
On 28.04.2022, I smoked my last cigarette, as I already knew, and on 29.04.2022 I started to work out a plan for investing in cryptocurrencies for the next three years. Why exactly for the next three years? All this time I was not sitting idly by, but watching and participating in the market. Every year the market becomes more and more liquid and the dynamics of the trend is shifting. The dynamics, which I saw in previous years, we won't see any more, this refers to liquid cryptocurrencies.
For more than 1.5 years, the market is in downtrend, 90% of the players, who come on the market today, are speculators. Speculators, are people who want to make money fast. No one wants to wait three or five years, everyone wants to enter the whole cut today, and in a month, two, three, come out with a huge «XXX». Without a strategy, and an understanding of the mechanics of the market, such people remain stuck in the market or fix losses forever lose their money. My task is to develop such an investment strategy that will not only help to save, but also to multiply funds.
A win-win strategy for investing in cryptocurrencies
Some people smoke cigarettes... Some people drink coffee... and that costs 3 - 6 bucks a day. Before I quit smoking, I used to spend $3 every day (sometimes more). In 15 years, I spent a fortune and it's not just about money. So, if crypto get nailed and I lose all the money invested, it will not cost me anything (compared to the losses I had 15 years in a row (not just the money)
And so! Every month, on the 29th, I will invest 450 PLN in cryptocurrencies. A pack of cigarettes in Poland costs 15 PLN, multiplied by 30 days, we get 450 PLN, which is about 90 - 100 dollars). "At first glance, 100 dollars seems ridiculous, but investing a hundred dollars in 2015, for example, in the same Ether, which nobody needed and was worth a dollar at the time, five years later you could earn 470 thousand dollars. Or in Dogecoin, which was made for fun, investing a hundred dollars in it you could earn $380,000." Strategy for buying cryptocurrencies I will use "spray and pray" (my personal strategy). The basis of the portfolio 60%, it will be liquid coins (with large capitalization). 30% of coins with smaller capitalization and higher risk. And 10% of coins with high risk and very small capitalization. Market is probability and investing in cryptocurrencies is investor's expectation and that's all.
Well, that's it for now. Time will tell what will come out of this, how much I will be able to earn or lose everything. See you in future articles.
