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In the previous bull market i turned $300,000 of earnings and savings into a partially illiquid $160M at the very very peak
I sold around $30M of crypto assets in the bullrun
I lost around $100M in the various different #altcoin crashes and protocol hacks because most of my funds were locked in unlock schedules.
It sucked, but i used the funds i sold to buy the dip like someone with mental issues
When i would buy the dip and tweet, often if you look back those were margined leveraged positions, sometimes i made money on the bounce. Sometimes i lost money on the drop.
But in terms of really heavily buying the dip i started around $37,000 on the way down
I bought the dip 10 times between there and $15,600
I invested $8 million into property
I invested $1 million into cars
I invested $5 million into crypto saving expert (it is still funded, i did not use VC)
I donated $1 million to charity
I donated $200-300k to my followers
I paid for 2 peoples cancer treatment
I gave several million to family and friends
And i spent probably $2-3 million on furniture and life stuff
And the rest i used to buy #bitcoin on 10 separate occasions
Dollar Cost Averaging is always the best way to buy the dip, the lower it goes the more you buy.
People will call bullsh*t but this all happened, it is all true
I lost an ungodly amount of money in 2022 when altcoins started crashing as I couldn’t sell because then i would make it worse.
People forget how easy it was to make money in the bullrun, literally take $100k, go 50x long, wait a week, cash out $3m
Or the other easy was was investing in presales and altcoins. Some of those altcoins scammed me. I am currently going through and reviewing which ones still exist but i invested in 400+ different projects most of which i still hold to this day and 10% of which i reckon will do well in future.
There was a time between December 2020 and May 2021 where anybody could invest in any presale even if it was a turd and on paper they would make $1m off $10k
The reality of it was try and sell that for $1m
You cant, you got 10% upfront and 90% distribution over 2 years so odds are you lost most of the value you saw originally.
I made the most money on things that i invested my $300k right at the start in like matic 264x from entry on $40,000 investment and i sold 90% of my holdings at the peak. Swissborg did a 100x and i took 50% profit. Aave, polkadot, chainlink, bnb and so many others all popped between 100-1000x
Anybody could have invested $10,000 and made $1m+ in a few months back then.
The reality is each cycle if you stick around you start from a better position financially if you played the full cycle previously.
This time is no different.
Don’t get me wrong, the bear market was awful, i sold things i didn’t want to sell to fund my dollar cost averaging but in the end it will be worth it when bitcoin is $100k
There is only 360 days until the next bitcoin halving. After that $100k is written in the starts and my “dumb calls” at $40k will look smart once again.
I have been playing this game since 2013. I played it wrong the first 2 cycles but this time round i played it right.
We will all be floating around the Caribbean soon enough, HODL is the best advice i can give you and take advantage of opportunities when they are presented to you.
Those that take big risks get big rewards.
I risked it all. And I’ll keep doing that because i do not view crypto as a risk. I believe genuinely it is safer than the banks.
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