In an intriguing parallel universe of digital art, imagine a visionary artist who, in the early days of blockchain technology, decided to invest in a then-novel concept: digital art tokens. These tokens were unique digital assets, similar to Bitcoin, but represented ownership of digital artworks instead of currency value. In 2010, the artist stumbled upon an online marketplace for digital art where he could mint and purchase these tokens. Intrigued by the potential of digital art and blockchain's promise of authenticity and ownership, he bought 1,500 art tokens for around $30 each, a modest investment totaling $45,000.
For a decade, these digital tokens sat in his digital wallet, untouched, as he continued to focus on his own art and personal life, largely ignoring the burgeoning digital art scene that was slowly gaining recognition. As time passed, these early art tokens began to gain historic significance as some of the first examples of blockchain's application outside of cryptocurrency.
Fast forward to 2023, the world of digital art has exploded, with platforms like OpenSea and Rarible leading a new wave of art commerce that values digital scarcity and provenance above all. The early art tokens, once a niche curiosity, were now among the most coveted assets in the digital art world, akin to owning an original Warhol in the traditional art market.
In an echo of the Bitcoin whale's story, our digital art investor's portfolio, now worth a staggering $120 million, came back to life. According to data from a leading digital art tracking platform, ArtChainView, the artist began transferring his tokens to new, more secure digital wallets, not for the purpose of selling, but to preserve the art’s value and ensure its safety in a rapidly changing digital landscape.
The artist saw an incredible appreciation in his investment—much like the Bitcoin whale, his returns neared 240,000%. While the market buzzed with speculation and excitement at these movements, our artist decided to loan out his digital pieces to virtual galleries instead of selling.
$60k engagement ring, disney wedding, honeymoon in maldives, mansion in south of portugal, 2-3 summer homes, 2 beautiful children, monthly vacations, a pottery business that loses $30k/mo
1. Make use of a trading plan 2. Approach trading like a business 3. Protect capital 4. Study the market 5. Use a stop loss 6. Keep a journal of your trades 7. Know when to cease trading 8. Focus on simple TA strategies 9. Backtest and forward test on a small live 10. Be patience
The crypto market, like all financial markets, is perfectly designed with your head.
When markets rally, you feel ecstatic and dream about the future where BTC hits 100k and alts 100x.
Then, instantly, it all turns around... but you have seen this before, so you hold.
And you hold.
And you hold.
As it dumps or ranges for weeks or sometimes months.
That period is what separates the winners from the losers. The losers let the incessant red candles shake them out.
I know because I was one of those losers. Between 2019 and 2020, I panic-sold everything twice!
But when I came back in 2021, I was changed. I was determined not to get shaken out again. I held through every dump and sideways grind in 2021, and by the end, I hit seven figures.
How does this apply to you?
Well, right now, the market looks similar to what we saw after the last halving.