Crypto is Easy Special Issue: My Plan for Making the Most of Bitcoin's Bull Market
Sorry, it took a little while to get this out...
|Apr 1, 2020||13||8|
Finally, I can share my plan to make the most of bitcoin’s bull market.
Why did it take so long?
Well, duh, it’s because there’s no bull market right now.
No, it took a while because I tried to put too many indicators into my analysis of the market cycle peak. After fooling around for a bit, I realized I really only need to look at two indicators. Once those two indicators flash specific signals, the peak is near.
Subscribers, I’ll let you know when we start to see those signals. Meanwhile, take a look at the plan, broken into “When to Buy” and “When to Sell” sections. You can see for yourself what to expect.
If you had followed my plan in 2017, you would have sold half of your Bitcoin at about $16,000 and the rest over several weeks, catching the market cycle peak of $20,000.
If you had followed my plan in 2013, you would have sold twice.
In March, you would have sold half of your Bitcoin at about $133 and the rest over several weeks, catching the market cycle peak of $260.
In December, you would have sold half of your Bitcoin at about $760 and the rest over several weeks, catching the market cycle peak of $1,150.
In other words, you would have sold only when the price was in the ovals:
Meanwhile, you would have bought each crash along the way, including the lull between the 2013 peaks.
Also, I wrote down my investment thesis. Check it out:
Please comment and offer your input on the plan and the thesis! I tried to make them easy. I’m not sure I did that very well . . .
Keep in mind, I’m happy to HODL and use my bitcoin forever. In fact, I hope to do so! Unfortunately, history and data suggest bitcoin will boom and bust, with a lot of volatility along the way.
My plan makes sure we take advantage of the dips and get out before greedy and fearful people crash the markets. It’s more about making the best decisions given the risks and opportunities that bitcoin offers.
To steal a phrase from poker players, investing in bitcoin is a lot of boredom punctuated by moments of terror and ecstasy.
Relax and enjoy the ride.