What is the safest strategy in crypto?
The safest strategy in Crypto is to just buy Bitcoin. Why? Bitcoin is the original, highest market cap Crypto with the most history, recognition, trusted, and the most purchased by institutions around the world. It can be outperformed by some alt-coins, but is also the least volatile of all of Crypto due to its high market cap and long term holders. But even being the least volatile of all Cryptos other than stable coins (US Dollars in Crypto form), it has still dropped 80% in 2022 which is highly volatile. These huge corrections in price is where the highest opportunity lies as it has dropped that much many times before and continued to make new all time highs in price. Those who are most familiar with market cycles (bull markets and bear markets) can predict the market with some level of accuracy and tend to be able to sell in the bull market after prices soared high and repurchase back in near the lows of the bear market after the market corrects. I will share a data indicator later in the course to give you the tools to better time your entries in the market. Bitcoin is the most certain to be around in year 2032 and still outperforms other asset classes such as most Stocks, Bonds, ETF's, Gold, Real estate, etc . In 2021 alone it increased 255% which if you had only $1000 invested, that’s a $2550 appreciation . Comparing that to ten dollar ($10) interest you'd receive in your bank account, it is a lot. I do recommend keeping cash for 6 months of expenses minimum in your bank account before investing into Crypto. But if you had a million dollars, a 255% increase would be a $2,550,000 profit.
If you are an older person looking to hold more than 10% of your retirement fund in Crypto as a retirement plan and rather do as little work as possible, then I'd buy a Ledger and seed phrase plate and store it in a bank vault for maximum security. That way you can forget about it and let your Bitcoin appreciate for years to come until you are ready to cash out.
If Bitcoin hits a million dollars one day from todays price of $17,000 (which is a 58.82x), a 1 million dollars dollar investment would be $58,820,000. Not a bad risk to reward ratio if you ask me. However, later on for entertainment purposes I will cover new coins that could potentially do a 100x-10,000x, Even though I cannot give financial advice or guarantee any profits with these much higher risk plays, I will give my honest opinion with these things. My opinion, and no one's opinion can guarantee a specific result.
Which leads us into day two where we will talk about influencers, security, common scams and how to protect yourself. Congratulations for completing day 1 of the Crypto starter guide. Give yourself a pat on the back and enjoy your time before day 2.
The safest strategy in Crypto is to just buy Bitcoin. Why? Bitcoin is the original, highest market cap Crypto with the most history, recognition, trusted, and the most purchased by institutions around the world. It can be outperformed by some alt-coins, but is also the least volatile of all of Crypto due to its high market cap and long term holders. But even being the least volatile of all Cryptos other than stable coins (US Dollars in Crypto form), it has still dropped 80% in 2022 which is highly volatile. These huge corrections in price is where the highest opportunity lies as it has dropped that much many times before and continued to make new all time highs in price. Those who are most familiar with market cycles (bull markets and bear markets) can predict the market with some level of accuracy and tend to be able to sell in the bull market after prices soared high and repurchase back in near the lows of the bear market after the market corrects. I will share a data indicator later in the course to give you the tools to better time your entries in the market. Bitcoin is the most certain to be around in year 2032 and still outperforms other asset classes such as most Stocks, Bonds, ETF's, Gold, Real estate, etc . In 2021 alone it increased 255% which if you had only $1000 invested, that’s a $2550 appreciation . Comparing that to ten dollar ($10) interest you'd receive in your bank account, it is a lot. I do recommend keeping cash for 6 months of expenses minimum in your bank account before investing into Crypto. But if you had a million dollars, a 255% increase would be a $2,550,000 profit.
If you are an older person looking to hold more than 10% of your retirement fund in Crypto as a retirement plan and rather do as little work as possible, then I'd buy a Ledger and seed phrase plate and store it in a bank vault for maximum security. That way you can forget about it and let your Bitcoin appreciate for years to come until you are ready to cash out.
If Bitcoin hits a million dollars one day from todays price of $17,000 (which is a 58.82x), a 1 million dollars dollar investment would be $58,820,000. Not a bad risk to reward ratio if you ask me. However, later on for entertainment purposes I will cover new coins that could potentially do a 100x-10,000x, Even though I cannot give financial advice or guarantee any profits with these much higher risk plays, I will give my honest opinion with these things. My opinion, and no one's opinion can guarantee a specific result.
Which leads us into day two where we will talk about influencers, security, common scams and how to protect yourself. Congratulations for completing day 1 of the Crypto starter guide. Give yourself a pat on the back and enjoy your time before day 2.