How to Win at Bitcoin and other cryptos

[jennywhzz]

So many discussions on trading, holding, mining, whats the right one? I can only speak from experience:

1. Mindset - First, you need to be in the mindset that public blockchains will change the world. In the future digital-cryptographic-based assets will be the most sought after of all asset classes. Once you get here, you are no longer frightened by the next negative news story or public condemnation.
(if you don't believe this and can't stick to it, then perhaps this is not the space for you)

2. Start with Bitcoin, it should always be your primary holding. Once you get more comfortable expand into the other well known cryptos (ETH, LTC).

3. Set up a portfolio with at least 50% in BTC, 30% in ETH/LTC and the rest in perhaps 3-5 other cryptos that you believe in and follow. Make sure to do your homework as the risk goes up exponentially as you move down the market cap ladder.

4. Have a long term horizon, 5 years +, if needed trade out of your 3-5 positions back into the top 3 cryptos depending on market conditions, but never leave the market completely.
 
5. Figure out how much money you need to be happy, lets say $120,000 a year. If that's the case then you would need to have $3M equivalent of crypto in order withdraw an upper limit 4% a year. This way you have your cake and eat it too.

6. You can start selling your BTC when 4% of your holdings will give a retirement-like lifestyle, while at the same time staying vested in a top tier asset class. Don't forget about taxes, hold over a year and pay only capital gains.

7. You Win!

I am agree with your all points, but what about the proper plan. You can't simple start trading and investing probably you need a plan for it. I like your 1st point more than other. Its true we need a positive mind set in order to get positive results . If you have believe in cryto and bitcoins, then this strong belief can lead to great success for you .

[gabmen]

So many discussions on trading, holding, mining, whats the right one? I can only speak from experience:

1. Mindset - First, you need to be in the mindset that public blockchains will change the world. In the future digital-cryptographic-based assets will be the most sought after of all asset classes. Once you get here, you are no longer frightened by the next negative news story or public condemnation.
(if you don't believe this and can't stick to it, then perhaps this is not the space for you)

2. Start with Bitcoin, it should always be your primary holding. Once you get more comfortable expand into the other well known cryptos (ETH, LTC).

3. Set up a portfolio with at least 50% in BTC, 30% in ETH/LTC and the rest in perhaps 3-5 other cryptos that you believe in and follow. Make sure to do your homework as the risk goes up exponentially as you move down the market cap ladder.

4. Have a long term horizon, 5 years +, if needed trade out of your 3-5 positions back into the top 3 cryptos depending on market conditions, but never leave the market completely.
 
5. Figure out how much money you need to be happy, lets say $120,000 a year. If that's the case then you would need to have $3M equivalent of crypto in order withdraw an upper limit 4% a year. This way you have your cake and eat it too.

6. You can start selling your BTC when 4% of your holdings will give a retirement-like lifestyle, while at the same time staying vested in a top tier asset class. Don't forget about taxes, hold over a year and pay only capital gains.

7. You Win!

I am agree with your all points, but what about the proper plan. You can't simple start trading and investing probably you need a plan for it. I like your 1st point more than other. Its true we need a positive mind set in order to get positive results . If you have believe in cryto and bitcoins, then this strong belief can lead to great success for you .

Actually the points raised are already good plans to start with. Every point hit a mark and many newbie traders would bemefit if these points are applied. Though i don't think it's a sure win since there's no such thing in crypto, but that's a good start

[inanilujimi]

Very useful information
I will try to follow all the points you give.
And I can be a winner in bitcoin
Thank you

[Idrisu]

Nice recommendations and I do believe that one can actually make a savings for retirement benefits by following this recommendation you have make. We hope to that in future one can actually make good plan and even retired early by just buying some few coins now and hold them to said next 10 years.

[webtricks]

Not everyone can work out on same theory. Suppose everyone hodl and hodl for long, then how could new ones will enter if no one is there to sell Bitcoins
Everyone has his own priorities. Not everyone wants long run capital gains, some are happy with regular profits.
It isn't wise either to sacrifice your present with aspirations to make future better. I wouldn't say it wrong if someone investing aggressively in small cryptocurrencies and making huge returns in small time frame with 'buy low and sell higher' theory. Hodling couldn't be universal phenomenon as if so happen Bitcoin market will die.

[jekjekman]

So many discussions on trading, holding, mining, whats the right one? I can only speak from experience:

1. Mindset - First, you need to be in the mindset that public blockchains will change the world. In the future digital-cryptographic-based assets will be the most sought after of all asset classes. Once you get here, you are no longer frightened by the next negative news story or public condemnation.
(if you don't believe this and can't stick to it, then perhaps this is not the space for you)

2. Start with Bitcoin, it should always be your primary holding. Once you get more comfortable expand into the other well known cryptos (ETH, LTC).

3. Set up a portfolio with at least 50% in BTC, 30% in ETH/LTC and the rest in perhaps 3-5 other cryptos that you believe in and follow. Make sure to do your homework as the risk goes up exponentially as you move down the market cap ladder.

4. Have a long term horizon, 5 years +, if needed trade out of your 3-5 positions back into the top 3 cryptos depending on market conditions, but never leave the market completely.
 
5. Figure out how much money you need to be happy, lets say $120,000 a year. If that's the case then you would need to have $3M equivalent of crypto in order withdraw an upper limit 4% a year. This way you have your cake and eat it too.

6. You can start selling your BTC when 4% of your holdings will give a retirement-like lifestyle, while at the same time staying vested in a top tier asset class. Don't forget about taxes, hold over a year and pay only capital gains.

7. You Win!

Did you already apply it to yourself? cause this is a wonder piece of advises.

Actually investing with Bitcoin as of now is worth a try more than anything else as almost every Altcoins is very dependent on the price of Bitcoin even though some of this can buy now straight with some exchanges, when there is a FUD or negative issue about bitcoin the price of it suddenly goes down and the same goes to other cryptocurrencies it also follows the down trend of the market so it seems like bitcoin is the real deal in the growth of cryptocurrency as a whole.

On the other hand it is so worth investing too to other crypto coins that has small value right now as it has a potential of a big growth in the future, it is all about trust and prayers I think when it comes to trading and holding cryptos.

[Babyfaceless]

if you want to earn money you can join bounty or campaign or just register for airdrop cases in airdrop limited slots just to be pre-registered if you can not register without money.

[Bagaji]

So many discussions on trading, holding, mining, whats the right one? I can only speak from experience:

1. Mindset - First, you need to be in the mindset that public blockchains will change the world. In the future digital-cryptographic-based assets will be the most sought after of all asset classes. Once you get here, you are no longer frightened by the next negative news story or public condemnation.
(if you don't believe this and can't stick to it, then perhaps this is not the space for you)

2. Start with Bitcoin, it should always be your primary holding. Once you get more comfortable expand into the other well known cryptos (ETH, LTC).

3. Set up a portfolio with at least 50% in BTC, 30% in ETH/LTC and the rest in perhaps 3-5 other cryptos that you believe in and follow. Make sure to do your homework as the risk goes up exponentially as you move down the market cap ladder.

4. Have a long term horizon, 5 years +, if needed trade out of your 3-5 positions back into the top 3 cryptos depending on market conditions, but never leave the market completely.
 
5. Figure out how much money you need to be happy, lets say $120,000 a year. If that's the case then you would need to have $3M equivalent of crypto in order withdraw an upper limit 4% a year. This way you have your cake and eat it too.

6. You can start selling your BTC when 4% of your holdings will give a retirement-like lifestyle, while at the same time staying vested in a top tier asset class. Don't forget about taxes, hold over a year and pay only capital gains.

7. You Win!

As you rightly mentioned above mind set plays a very important role in investment decision. The your mind set is positive the same things will work for you. And If you have a negative mind set things will turn out negative for you most time. Investing in Bitcoin and maybe other altcoins with greater future will go along way in your yiening for more Bitcoin.

[iamlds08]

So many discussions on trading, holding, mining, whats the right one? I can only speak from experience:

1. Mindset - First, you need to be in the mindset that public blockchains will change the world. In the future digital-cryptographic-based assets will be the most sought after of all asset classes. Once you get here, you are no longer frightened by the next negative news story or public condemnation.
(if you don't believe this and can't stick to it, then perhaps this is not the space for you)

2. Start with Bitcoin, it should always be your primary holding. Once you get more comfortable expand into the other well known cryptos (ETH, LTC).

3. Set up a portfolio with at least 50% in BTC, 30% in ETH/LTC and the rest in perhaps 3-5 other cryptos that you believe in and follow. Make sure to do your homework as the risk goes up exponentially as you move down the market cap ladder.

4. Have a long term horizon, 5 years +, if needed trade out of your 3-5 positions back into the top 3 cryptos depending on market conditions, but never leave the market completely.
 
5. Figure out how much money you need to be happy, lets say $120,000 a year. If that's the case then you would need to have $3M equivalent of crypto in order withdraw an upper limit 4% a year. This way you have your cake and eat it too.

6. You can start selling your BTC when 4% of your holdings will give a retirement-like lifestyle, while at the same time staying vested in a top tier asset class. Don't forget about taxes, hold over a year and pay only capital gains.

7. You Win!

it is always easier to say than done. but i like the spirit!

[elloco4ever]

So many discussions on trading, holding, mining, whats the right one? I can only speak from experience:

1. Mindset - First, you need to be in the mindset that public blockchains will change the world. In the future digital-cryptographic-based assets will be the most sought after of all asset classes. Once you get here, you are no longer frightened by the next negative news story or public condemnation.
(if you don't believe this and can't stick to it, then perhaps this is not the space for you)

2. Start with Bitcoin, it should always be your primary holding. Once you get more comfortable expand into the other well known cryptos (ETH, LTC).

3. Set up a portfolio with at least 50% in BTC, 30% in ETH/LTC and the rest in perhaps 3-5 other cryptos that you believe in and follow. Make sure to do your homework as the risk goes up exponentially as you move down the market cap ladder.

4. Have a long term horizon, 5 years +, if needed trade out of your 3-5 positions back into the top 3 cryptos depending on market conditions, but never leave the market completely.
 
5. Figure out how much money you need to be happy, lets say $120,000 a year. If that's the case then you would need to have $3M equivalent of crypto in order withdraw an upper limit 4% a year. This way you have your cake and eat it too.

6. You can start selling your BTC when 4% of your holdings will give a retirement-like lifestyle, while at the same time staying vested in a top tier asset class. Don't forget about taxes, hold over a year and pay only capital gains.

7. You Win!

it is always easier to say than done. but i like the spirit!

I can suggest some ways to earn bitcoin and other crypto (tokens) instead of investing into crypto yiu can try to join signature campaigns where you can get a good passive income or else post your portfolio with your area of expertise and try to get some sort of job from this forum and accept payments in bitcoin but when it comes to other crypto I would suggest to go for bounty campaigns and there are some bounty campaigns who pay by bitcoin