I think investing in a cryptocurrency such as bitcoin is very much like a train ride. You get on at the most convenient entrance point, preferably at the most affordable price, and you sit tight till you get to your destination. Perhaps the most important part of the journey is having an actual destination and believing that you'll get there.
For those of us who dream big, there's still a long way to go and I see that half the time this train ends up reversing back to the train station it just left.
Occasionally, during one of these reversals, people panic and jump out the window, as if where they were earlier on was so bad they had to risk injuring themselves getting off.
What can also happen is that the train may start going backwards when you've just got on, in the exact opposite direction to which you were planning to go.
Don't panic!
Maybe take a book along to read while the train figures out which direction to go in again. It will get there, and I'm sure you'll recognise the place you want to be if you keep checking out the window.
The plan to become a millionaire
If you can double a thousand dollars ten times, you'll have a million, and if you double it 12 times, you'll have 4 million. The trick is not to lose all of it on the way.
If one picks the right coin early on, when it's only a few cents and one buys enough of them, you could be sitting pretty early on in the game as there's plenty room for it to double its value many times.
Unfortunately, we have no way of knowing how well a coin will do in the long run, so the safest option is to look for a coin that's already doing quite well but nowhere near its peak potential.
This is perhaps why I like Litecoin so much.
Now I'm not telling anyone to go and invest in Litecoin, just showing how a well trusted coin with an appealing steady increase in value month after month is the kind of thing I would be keen to put money towards.
I'm sure there are other ways to double one's money in Crypto but for now, I think I'm just going to leave this here.