Hi guys! Today I'm going to talk about how I became Bitcoin Blondie. I'm going to share with you a little bit about my personality and my methods of buying and selling crypto!
As usual, this is NOT professional financial advice. My tactics and gameplan may not work for you and is highly speculative!
So first off, I will start off by saying that I have an addictive personality. When I get involved into something I love, I pour my soul into it. Finances, my career, relationships, fitness... When I say I'm going to do something, I go all in. It is a blessing and at times, a curse. Also, I love gambling .. Which if you are involved in crypto, I think we all do to some extent.
But I don't take unnecessary risks. I gamble, yes. But, I am a researched gambler. I make decisions based on evidence and tried and true methods. Take Video Keno for example, which is my favorite guilty pleasure. I don't play just any video keno. I play Keno Party, and Keno Party only. If it is not available, I leave the casino. I have spent hours and hours researching the probability, odds, payouts and bonus multipliers of each game, and came to the conclusion that Keno Party is the only game to play. (Where I live.) The odds of losing are all.thr same, but the odds of a big win is higher. Also, keep in mind, I am comfortable with losing money, so I have the advantage there over many in the crypto space.
So, with my addictive personality and gambling side activity (won't call it an addiction, because I go many months without stopping in, but I suppose all addicts say that? Lol) I have come up with a blueprint for my crytocurrency "investing" technique. (Quotes around investing, because I classify buying and selling crypto as gambling)
Step one: Hold majority in Bitcoin.
Step two: Hold 1:1 ratio of bcash and bgold. I don't believe in either coin, or any hard forks for that matter, however, the market is full of idiots, so you never know when they will skyrocket. It's free money, just hold onto it.
Step three: Buy 5k-10k (coins, not dollars of) of all coins in the top 30 that are under $.50 cents-$1 USD. Scam coins or not. Believe in them or not. They will make you money eventually. Don't read the FUD, don't pay attention to the dips or the bull runs.. Poor people who are new to crypto looking for the "new" bitcoin opportunity WILL pump these coins eventually.
Step four: Piggybacking on step three. Don't get greedy with your altcoins! Did verge net you 600% returns? Did ripple make you a quick 1000 bucks? Pull out your initial investment and put it back into BTC or back in your savings account. You can keep the profits in if you think it will go higher, but most of these coins are scams and will drop faster than you can blink.
Step five: Similar to step four, but also applies to BTC. PULL OUT YOUR INITIAL INVESTMENT. You put $10k into BTC and now your BTC is worth $30k? Pull out your $10k (plus taxes from capital gains.) If the market crashes, you break even.
Step six: Pull out any earnings to pay off debt first! You shouldn't be investing with debt, but if you are and make a quick couple of grand, pull it out and payoff that debt! If bitcoin crashes to zero, at least you benefited from.it by becoming debt free! If it continues on its upward trend, you've became debt free and can put more into crypto each month! Win win!
So there you have it! It's almost a sure thing and if you follow these steps, you will either make a lot of money, or worst case scenario, break even! Be smart, invest what you are willing to lose, buy the dip, and most importantly.. Invest with your brain, not your emotions! Thanks guys, i hope this helps some new people in the space!
I'm Bitcoin Blondie, my passions are health and wealth. Feeding my mind, soul, body and bank account.
