(as of Jun 13,2021 07:49:42 UTC – Details)
Initially embraced by a small community of crypto-anarchists, and later by various types of investors, speculators and other followers, Bitcoin has gone through various market cycles over time, with wide price swings. Estimated at $0.00076 when it was launched, the price of Bitcoin at the time of this writing is over $55,000, an increase of over 7 billion percent in twelve years ! A dollar invested in Bitcoin in 2009 would be worth about 72 million today !
Long criticized, Bitcoin is now recognized by many leading investors as a high potential asset to watch. But isn’t it too late to invest in it ?
This is the question that many investors have asked themselves :
– In 2013, after Bitcoin went from $0.001 to over $100 in four years (99,999% increase), before it went from $100 to over $1,100 in six months (1,000% increase)…
– In 2017, after Bitcoin surpassed $4,000, its growth in eight years seeming unreasonable… before it approached $20,000 four months later (400% increase)…
– In 2019, when Bitcoin had fallen back below $4,000 and everyone was saying it was dead… before it passed the $13,000 mark again in six months (225% increase)…
– In 2020, after Bitcoin had fallen back below $5,000… before passing $57,000 less than a year later (1040% increase)…
Many missed great opportunities, others wanted to take their chance but missed their timing and invested at the highest point, seeing their investment lose 80% of its value in a few months…
What do they have in common? A lack of knowledge and preparation, in one case preventing them from taking action (which is wiser when you don’t know what you are doing), in the other case resulting in a purchase when the market is at the end of the cycle, just before a sharp fall in prices…
While many investors lost money in 2015, 2018 and 2019, some also amassed fortunes. What’s the difference between these individuals?
The timing when each individual chooses to buy and sell.
Is it a matter of luck? For some yes, including me during a certain cycle, but as cycles change, luck never lasts forever, and what is gained by luck is often lost by incompetence.
If some people lose their investment and others are lucky for a few months, there is a third category of individuals who manage to generate continuous, repeated gains, regardless of market cycles, in the short, medium and long term.
What is their secret?
A clear, defined strategy that they follow religiously.
It’s as simple as that : a strategy with a positive gain expectancy that they follow to the letter.
In other words : go to the casino once in a while to play roulette and you might win. Go back a few times and you will end up losing because the expectancy of gain is negative for the player and positive for the casino. It’s the same with Bitcoin : a strategy with a negative expectancy will have a high chance of ending up as a loser and a strategy with a positive expectancy will have a high chance of ending up as a winner.
The purpose of this book is to help everyone understand what Bitcoin is, how its price evolves, how to buy and hold it safely, and how to time your buying and selling to maximize your chances of winning while minimizing your chances of losing.
Enjoy your reading !