The Secrets to Accumulating Bitcoin
I've used this strategy for over two years and have no urge to panic sell. Instead, I'm buying Bitcoin on sale as the price goes lower.
It's been a board game binge in the Debevic house over the past couple of weeks. It started with Monopoly. I have been relentlessly destroying my children at Monopoly ever since we bought it. I gave each of them a mercy win to keep them involved and interested, but I'm hoping they will learn about strategy.
And since you are kindly reading my article, I'll share the secret to winning Monopoly. The most powerful monopoly you can own is the orange properties. Statistically, they get landed on the most frequently and have a tremendous value for the cost of building houses/hotels and rents collected. Another good strategy is owning all four railroads. You can typically trade for them cheaply; they are cash cows if you own all four.
Luckily, my kids don't read my writing. So, I will continue giving them "life lessons" until they learn not to trade with dad or improve their strategy. My ego needs the boost of beating elementary schoolers and ensuring my kids know dad is the most intelligent person in the house.
But beating newly taught children in Monopoly is pretty straightforward. Meanwhile, on the other hand, accumulating Bitcoin is exceptionally challenging. With the ups, the downs, and relentless news, it's easy to make mistakes and wind up on the losing end. So, I will share secrets that will 100% work for you as long as Bitcoin reaches new highs!
Learning from my mistakes
I have made two significant mistakes investing in crypto. My first mistake was buying an altcoin, XRP, rather than purchasing Bitcoin when I first entered the crypto space in 2017. I was looking for quick money, and I made a small fortune on XRP and lost it all within one year. I was forced to sell my XRP at lows because, at that time, it was only available on foreign exchanges. And the foreign exchanges booted American investors, so I had to sell.
After the first lesson, I decided to buy only Bitcoin and Ethereum. I waited until about six months before the 2020 halving and bought in big. Then the…