My plan, simply put is:
- Invest a % of my Income into BTC (£100,000 / $120,000) - I have almost completed this step
- Wait for that investment to grow by 5-10x
- Pull out my profit and invest into residential property
- Live off the rental income (passive income will be £100,000 / $120,000 p/a)
All if this looks clear as you might have entered at right time. But, there are many who entered during dec 2017 just felt the other way around.
Let me tell you what I have see. In our relatives house they had a cook who constantly heard of btc and its market in 2017 and on a fine day he decided to invest and in those days getting accounts verified was a big task it use to take 15- 20 days minimum and he invested in Dec he is still holding. Point is the waiting for the investment to grow by 5-10x does not work in all case.
The plan is working based on when you stepped into the market.
Really this sometimes is an opener for holders, people bought in late 2017 at a higher price, they have either lost or are still hodling at same loss. Some people just bought in march at $4,000 and are currently in profit. When we enter is really important.
Anyone who bought in late 2017 will see massive profit if they hold until late 2020 or 2021 or 2022.
I bought some Gold in 2013. I had to wait
6 years to see profit on that Gold investment.
Be patient and the money will come.