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เปเบเบช
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ozimoney
ยท
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Can you really make money with cryptocurrencies?
Yes and many, myself included, have. There are three points you need to consider though, otherwise youโre just FOMO-ing to positions and itโll be pure luck if you make any money.
1 Patience
My initial goal with The Art of The Bubble was pretty straightforward:
trade bubbles so that over any 5-year period, the look-back compound annual growth rate would be 100% a year.
Now, that excluded fees, transaction costs, and taxes โ which are variable for an individual.
Still, with those exclusions, youโre looking at 32x in 5 years.
Hereโs an example of what that looks like. Suppose you start with $10,000.
-4% ($9,600)
-5% ($9,120)
800% ($72,960)
400% ($291,840)
10% ($321,024)
That amounts to 2 negative years, one regular year, and one bubble that lasts about 18 months.
In short, you are going to have lackluster performance 60% of the time. And thatโs 3 years out of 5. Three years.
Most people do not have that kind of patience. If you started with $100,000, youโd have $3.2m in potential returns. It is life-transforming, but that transformation isnโt magic.
2 How Cryptos Fit In
Well, cryptos appear to have 4-year cycles following BTCโs halvening. It happened in 2012, 2016, 2020 โฆ and the next would start (if the cycle holds) in April of 2024.
In the last bull run, for example, I made most of my money by holding ETH rather than BTC, and then trading from ETH into smaller coins at the end of the run.
So, the bull run has 3 phases:
Large Cap movers
Midcap movers
Crazy hype
Since itโs really hard to time an entry point perfectly, I focus on the midcap movers. The fact that theyโre smaller more than makes up for my late entry and I can be more certain that the market is in a bull run.
Midcaps still make money during the crazy hype period, but you need to stay disciplined and not lose your way chasing monkey
Follow me for more updates
#ftx #usdr #avalanche
Yes and many, myself included, have. There are three points you need to consider though, otherwise youโre just FOMO-ing to positions and itโll be pure luck if you make any money.
1 Patience
My initial goal with The Art of The Bubble was pretty straightforward:
trade bubbles so that over any 5-year period, the look-back compound annual growth rate would be 100% a year.
Now, that excluded fees, transaction costs, and taxes โ which are variable for an individual.
Still, with those exclusions, youโre looking at 32x in 5 years.
Hereโs an example of what that looks like. Suppose you start with $10,000.
-4% ($9,600)
-5% ($9,120)
800% ($72,960)
400% ($291,840)
10% ($321,024)
That amounts to 2 negative years, one regular year, and one bubble that lasts about 18 months.
In short, you are going to have lackluster performance 60% of the time. And thatโs 3 years out of 5. Three years.
Most people do not have that kind of patience. If you started with $100,000, youโd have $3.2m in potential returns. It is life-transforming, but that transformation isnโt magic.
2 How Cryptos Fit In
Well, cryptos appear to have 4-year cycles following BTCโs halvening. It happened in 2012, 2016, 2020 โฆ and the next would start (if the cycle holds) in April of 2024.
In the last bull run, for example, I made most of my money by holding ETH rather than BTC, and then trading from ETH into smaller coins at the end of the run.
So, the bull run has 3 phases:
Large Cap movers
Midcap movers
Crazy hype
Since itโs really hard to time an entry point perfectly, I focus on the midcap movers. The fact that theyโre smaller more than makes up for my late entry and I can be more certain that the market is in a bull run.
Midcaps still make money during the crazy hype period, but you need to stay disciplined and not lose your way chasing monkey
Follow me for more updates
#ftx #usdr #avalanche
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