This will be my rags to riches journey and deep down I know it will happen.
An ex work colleague asked me about my crypto today and told him this is a work in progress and not concerned about the drop in value. I explained about the cycles and said the value will bounce back plus some so there is no worry whatsoever.
This is the simple Crypto plan I set out on just under 5 years ago and the plan is still very much intact. back then the plan had no time frames as I had no idea what I was doing and took the time to understand. The timing maybe slightly off as I believe this is possible to achieve within two crypto cycles of 4 years each, so around 8 years. I have kind of adjusted that to 10 years now as that is more realistic I think. This has always been a personal challenge just to see if it was possible and it certainly is.
The first cycle was all about learning whilst slowly building a stake whilst the second time around is using the knowledge learned by sticking to the plan. I had no idea that what I achieved in the first cycle was probably spot on for what you should do anyway besides selling at the peak.
I am no trader so the time frame is where the question mark still hangs in the balance as the next 3 years are going to be crucial on what projects you have invested into. have you found the investments that could do 100 X or 200 X or are they just the average which may do only a 20 x. I say only which is a decent return, but then again we are down by over 90% currently so everything should do a 10 x from where we are currently anyway. This would be seen as nothing special as they would only be going back to where they once were already.
This just feels like a strange experience as though nothing is quite real as in many ways this is not that difficult. People spend their entire life working hard at their careers and somebody with a little patience and understanding could out earn in 10 years what someone has spent over 40 years doing.
The patience and understanding of how to grow is the key to crypto if you are not trading. The ability to grow is all around us and the research then becomes the next most crucial part of the plan. Selecting the right investments is paramount as growing those for length of time and finding out they are duds is your own fault.
You may have heard that you never follow the crowd if you want to be successful and in crypto this is very true. The crowd will come to you eventually if you have chosen wisely.
10 years is nothing if you are setting up your future as the world is your oyster once you have financial freedom. This is something worth fighting for and taking the time to make sure this happens. Deep down I know I have got this and know that I will surpass my targets within the next 5 years. What is on our side is we are so early and the value via big money has yet to arrive and when that does happen we can add zero's onto out portfolio.