I'm 54.
I wasted 24 years learning this the hard way. But I'll teach you in 5 minutes.
If you're soft, stop reading now.
Here are 24 uncomfortable truths I wish I knew earlier:
Now is the most obvious bull setup I’ve seen in 7 years of crypto:
BTC Dominance at supply
ETH/BTC at demand
Last time this happened, alts went parabolic
🧵: Will history repeat this cycle? (When and why) 👇
⚠️ Disclosure ⚠️
I have transferred my bitcoin to ETFs.
Yes I know, not your keys not your coins. But it is just easier for me to manage bitcoin the same way as equities and bonds. Also, not having to hassle with keys gives me peace of mind. I guess I am not a maxi anymore.
When I was selling my life time, employers would take me on trips; staying at lousy hotels, eating at the cheapest restaurants, no shopping or spa.
Not a moment of it was ever truly enjoyable though, because I knew what was to come after - the part where I had to let the IRS rape my paycheck.
Just woke up and realised I got liquidated overnight.
I was 3x long PEPE.
I lost everything I had.
I don't even have $1000 in my bank account but had $1M in binance.
I have been in crypto since 2017.
Today I lost everything.
Feel like doing suicide 😭😭
$PEPE $BTC
Here's a 90 day update on how maxing out 8 credit cards to buy bitcoin is going at a high level. You can check out the image of the spreadsheet where I'm tracking it for full details.
some high level stats:
1) The total amount of bitcoin bought is 1.4488
2) The avg price of that bitcoin is $37,443
3) The total credit card debt ive accrued is $54,251
4) My min CC payment to service this debt is $542/mo
5) The unrealized profits currently sit at $27,321
6) All of this debt is at 0% APR until may 2025 excluding initiation fees.
7) All of this debt will be rolled over into new credit cards in may 2025 into new 18-21mo 0% Bal transfer cards and the can will be kicked to Nov 2026.
My DMs are open, feel free to ask any questions.
Stay tuned for the next 90 day update at the end of May!
Few....