19/05/2019 UPDATE:
I’m still holding BTC, LTC and ETH and will be doing this until indicators change, which means I will be in these three assets at least for the rest of the year.
I’m 99% confident about this trade.
Since 2013 I have been invested in Bitcoin, and it has genuinely changed not only my own life – but, the life of my ‘ENTIRE’ family.
I was not interested in investments at all before I discovered Bitcoin. But, had always been fascinated about how people can buy an asset at one price and then sell it several years later earning millions in the process.
At a young age I remember hearing stories about how someone had bought Apple stocks in the 1980’s and then cashed in, making a fortune.
Stories of that nature always stuck out to me for one reason or another.
In 2011, the most widely used digital currency was an asset by the name of Liberty Reserve (LR).
It was a centralised, non blockchain based, virtual currency that was used mainly by criminals who ran online operations.
Money laundering was the driving force behind LR and eventually it was shut down by the US government.
The difference between LR and Bitcoin (and crypto currencies in general) is that Bitcoin is decentralised. There is no single point of failure.
Therefore there is no off switch.
It cannot be targeted and shut down by any entity.
In 2011 browsing the deep web, I came across a website known as the Silk Road.
This was essentially an online black market.
The native currency used on this platform was Bitcoin.
I wanted to purchase some software – but, when I went to convert my money to BTC, I found that the price was £30 per BTC.
To me this was ridiculous since, LR used to trade at around £2 - £4.
So I disregarded BTC as a scam and completely refused to use it.
I didn’t dig deeper, or do any research – I completely disregarded it and went on with my life.
In 2013, things were different.
The business that I was running at the time meant that I was frequently coming in contact with members of the global Libertarian Party.
Again and again they were offering to pay for my services in BTC as opposed to USD – which I declined.
Until I read an article published by the BBC about a man who had lost his hard drive which contained 7,500 BTC at the time valued at £4Milllion.
This immediately peaked my interest as it reminded me of all stories I had read as a child about people purchasing assets cheaply, and then getting lucky as those assets became extremely valuable.
So I began my research into Bitcoin for the first time.
After roughly 48 hours of learning everything I could about Bitcoin – I decided that it was a MUST that I own at least 1 BTC.
Lucky for me – 1 BTC was priced at around £250 per coin at the time.
So I bought my first Bitcoin.
My first purchase was strange as I set up my account on LocalBitcoins and responded to a cash advert which meant I had to drive from Luton, UK to Bedford, where I met with a Russian lady who was potentially in her early 20’s – who sold me my very first Bitcoin.
This was strange because I’ve done thousands of OTC cash trades since then and haven’t come across even one female Bitcoiner.
In any case, the market has literally gone up drastically since 2013.
The difference in my life today versus how it was back then is like night and day.
But somethings are still the same, such as my urge to study and learn as much about this market as possible, which is essentially what I’ve been doing for the last 6 years.
During this time there have been many booms and busts within the overall Bitcoin bubble – such as the shit coin boom which was big from 2014 to 2015, followed by the ICO boom from 2016 to 2018.
However – studying global financial markets and trying to learn about as many aspects of longevity relating to investing, I was always the person to employ a strategy that is as basic as basic can be.
Because of this I decide to exercise focus and to direct all of my attention to Bitcoin.
In doing this, I discovered that EXTREME correlation exists between Bitcoin, Litecoin and Ethereum.
There are more than 1000 crypto assets on the market.
But – for one reason or another Bitcoin, Litecoin and Ethereum mimic each other in a way that cannot be denied.
The below image highlights several KEY pieces of information.
First looking at the figures you will note that, prices move VERY high – but, over LONG periods of time.
You will also notice that declines happen over a long period of time.
Then you will notice that there isn’t one other market, industry or asset class IN THE WORLD that has a recurring history of producing gains that are so large and life changing.
I wanted to present the numbers before I displayed the charts because the numbers allow you understand the true power of these three assets.
I personally know mortgage brokers who completely shut down their failing operations and became full time Bitcoin investors just based on these numbers alone.
You can dig deep and scrape through the global financial markets, you will NEVER find a group of assets that are producing this level of gains.
It’s a once in a century event.
Just illustrate how linked these three assets are, I present their charts.
You can see that from 2017 till today, the price movements of each asset has been almost identical.
So, when people speak about Bitcoin and how it is too expensive – and/or how it is “too late” to get involved…
…or, how it is too volatile – you must analyse the numbers and charts presented here to expose yourself to the actual facts.
To conclude: I am holding these three assets, and I’ll be continuing to sit back and enjoy gains throughout the year.
If I have to hold for two years than so shall it be.
This is a once in a generation opportunity therefore there’s no room for complacency.
There are some people that have cashed out already after doubling up. That isn’t enough for me.
What is a 100% gain when 1000% is guaranteed?
What’s a 1000% gain, when you can pull in twice that by refusing to day trade and staying positioned in three assets until it’s time to sell?
This is a long term play, and I will be seeing it through till its end.
