Turn $1,000 into over 2 million dollars in a single year? Are you mad? This must be a scam!
If this is the response going through you head, I understand. That's what I would have thought even a few months ago. But hear me out, I've done the maths, it is doable.
This is how it works:
The system works on trading in crypto currency and doubling your investment each month.
Here is the formula:
As I write this $1,000 is worth 0.07494645 Bitcoin (1 Bitcoin being worth.$1,3371) So that is what we start with. We double this initial investment each month.
month 1 = 0.0749464 Bitcoin (seed capital)
month 2 = 0.1498929 Bitcoin
month 3 = 0.2997858 Bitcoin
month 4 = 0.5995716 Bitcoin
month 5 = 1.1991432Bitcoin
month 6 = 2.3982864 Bitcoin
month 7 = 4.7965728 Bitcoin
month 8 = 9.5931456 Bitcoin
month 9 = 19.1862912 Bitcoin
month 10 = 38.3725824 Bitcoin
month 11 = 76.7451648 Bitcoin
month 12 = 153.4903296 Bitcoin
153.4903296 Bitcoin X $13,371 =$2,052,319.19
So if Bitcoin stays at the same price it is currently, approx. $13,371, you would have accrued after 12 months over two million, fifty-two thousand, three hundred and nineteen dollars and nineteen cents - that you could cash in.
Given that Bitcoin has already hit $20,000 before Xmas this year, and is expected to go much higher in the next 12 months, to at least $30,000, maybe up to $50,000+, your seed capital of $1,000 could grow to far over 2 million. 2 million is a conservative prediction.
A more realistic estimate would be an accumulated total somewhere between 4.5 million to 7.5 million. And if you invested for one addition lucky 13th month, you could double that figure again!
So now you are probably thinking - is it really feasible to double you investment each month?
The short answer is that it has been, if you follow a good investment strategy. For the past couple of months I have been following the investment strategy by an Australian who goes by the name Bitcoin Benny on Youtube. He does a lot of research and always seems to know where the good investments are.
Over the past few months, simply following his advice would have netted you in excess of 100% on your investments each month. His pick for January has already netted a 275% increase in value - and it's only half way through the month. So using Benny's formula set out above, you could be ahead of the game.
Of course you could do your own research, formulate your own strategy, or even follow someone else's strategy.
If someone is telling you to buy this or that coin, check out their previous predictions and outcomes to see if they are giving reliable advice or just making guesses based on incomplete data.
I'm into my second month now and so far so good. So what could possibly go wrong?
If 2018 plays out in anyway similar to 2017 in the crypto coin market sphere, then all should be well, if not better than the previous year. However, I do see a few things that could trip this investment strategy up, such as:
Banks and governments draft regulations that prohibit or largely cripple the ability to trade coins online.
The Bitcoin market (and crypto coin market that is hinged to it) goes into meltdown and becomes worth a mere shadow of its former self.
You get greedy and FOMO you earnings away on bad gambles straying from the secure steady growth that comes with following a sound plan.
You die without telling anyone else your passwords or strategy.
Something else unforeseen that I can't think of right now.
If you are wondering what FOMO is, see my short article on crypto coin slang and acronyms
I shouldn't have to say this, but I am not a financial advisor and this is not financial advice, just an outline of my plan you can copy or safely ignore. And of course, here is is some financial advice: Never invest more money than you can aford to lose. Investing, like virtually anything you do in life, is gambling, and come with risk of loss.
For me, investing in crypto coins is like gambling in a casino where for once the odds are highly in your favour. But then again, don't chase the the latest trendy shitcoin just because its rising in value in leaps and bounds. It's a good way to get burnt in the long run.
Good luck if you decide to participate. Good luck if you don't.
I will do a monthly post of my gains in case anyone wants to follow.