What I like about your strategy is the following :
1. You are saying, Fck it! I am going for it. A lot of people stand on the side, not taking any risk and waiting for success to come to them. In the real world, that does not happen.
2. You are not going "All in" ....so you only expose enough capital to high risk, that you are willing to lose. A total Bitcoin failure, will not sink your boat.
3. You have a plan and you stick to it. Too many people invest blindly with no purpose.
4. You are not scared to pull the profit, when you reach your goal. Some people become too greedy and they miss the opportunity, when the profit present it self.
I invested a large amount of money into Bitcoin when the price was between $300 and $400 and I took profit when it reached $18 000+ and that profit was re-invested into other investment options in my bigger portfolio.
1. You are saying, Fck it! I am going for it. A lot of people stand on the side, not taking any risk and waiting for success to come to them. In the real world, that does not happen.
2. You are not going "All in" ....so you only expose enough capital to high risk, that you are willing to lose. A total Bitcoin failure, will not sink your boat.
3. You have a plan and you stick to it. Too many people invest blindly with no purpose.
4. You are not scared to pull the profit, when you reach your goal. Some people become too greedy and they miss the opportunity, when the profit present it self.
I invested a large amount of money into Bitcoin when the price was between $300 and $400 and I took profit when it reached $18 000+ and that profit was re-invested into other investment options in my bigger portfolio.
Thanks for the vote of support.
Yeah I think the key here is not getting greedy, similar to you. I'm going to take profits slowly and not cash out all at once.
My main goal was to reach a position where I received back all the capital that I invested into Bitcoin and then to frequently take profits, when there is a spike in the price, so that I can show that this was a good investment. I also wanted to get as much out of this investment, before something bad happens and I am left with zero profits to show for my efforts.
I was one of the lucky people, who reached the ROI stage and then far exceeded that stage by showing a 800%+ profit on my initial investment. This is why you should never pull out the whole investment, because we never know when that next Bull market would happen again.
Yeah I agree, I will always own a good amount of Bitcoin. I plan to use Bitcoin to store my wealth going into the future.
I trust Bitcoin more than the banks.