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...
On March 30, 2020, I published this plan. At the time, I had been working on it for a while and finally felt confident sharing it. I called it my plan to make the most of bitcoin’s bull market.
I keep this name because that’s what I called it when I posted it, and now it’s embedded in a bunch of posts with backlinks. In any event, experts say we go into bull and bear markets every few months nowadays, so I might as well keep the name. Less maintenance!
My plan uses three lines to identify buying opportunities and two indicators to signal when we’re getting near a market cycle peak.
It took a while to create this plan 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.
Subscribers, I’ll let you know when we start to see those signals. Until then, the goal is to build wealth with crypto without a lot of effort, stress, or trying to time the market.
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.
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 avoid the peaks. 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. This plan aims for less terror, more ecstasy.
Relax and enjoy the ride!