I REVEAL MY 100x ALTCOIN BLUEPRINT!!!!!
Summary
TLDRIn this video, the creator shares their '100x blueprint' for investing in Bitcoin and altcoins, revealing how they have successfully navigated the crypto market. They discuss the importance of Bitcoin dominance and the short windows where altcoins outperform Bitcoin, emphasizing a strategy focused on increasing Bitcoin holdings. The creator highlights their risk management approach, taking profits strategically as altcoins grow in value. They also promote using specific exchanges like Binance and BitUnix for crypto trading, encouraging viewers to take advantage of opportunities as the altcoin season begins.
Takeaways
- ๐ Bitcoin has outperformed altcoins for the past three years, but the time is approaching to shift into altcoins for greater potential gains.
- ๐ The key moment for switching into altcoins is when Bitcoin breaks its previous all-time high and closes a weekly candle above it.
- ๐ Bitcoin dominance is an important indicator for determining when altcoin season starts. The current dominance is around 60.5%, which is close to the target of 61%.
- ๐ During altcoin seasons, altcoins can outperform Bitcoin for a short period, usually a few weeks, creating a lucrative opportunity for profits.
- ๐ The strategy for altcoin investments involves gradually shifting into altcoins, while focusing on maximizing Bitcoin holdings in the long term.
- ๐ A key principle is to take profits at every doubling of an altcoin's value, returning half of the profits back into Bitcoin. This ensures that gains are locked in while reducing emotional trading.
- ๐ Holding Bitcoin as a primary asset most of the time has been a successful strategy for the past years, even during market downturns.
- ๐ To avoid emotional investment behavior, the strategy includes predefined profit-taking rules, making it easier to stick to the plan and not fall into fear or greed.
- ๐ The goal is to increase Bitcoin holdings by strategically entering altcoins and profiting from their short-term outperformance, but always with a focus on Bitcoin long-term growth.
- ๐ The video promotes using exchanges like Binance and BitUnix, where users can access bonuses and free trades, but warns about potential risks of using centralized exchanges.
- ๐ The window of opportunity for altcoin investment is approaching, and viewers are encouraged to act carefully and with proper strategy in place.
Q & A
What is the purpose of the video?
-The purpose of the video is to share a blueprint for investing in Bitcoin and altcoins, highlighting the strategy for maximizing gains in the current market environment.
Why has the speaker been holding mostly Bitcoin for the past three years?
-The speaker has been holding mostly Bitcoin because, over the last few years, Bitcoin has outperformed most other cryptocurrencies, making it a safer and more profitable investment.
What does the speaker mean by 'altcoin season'?
-Altcoin season refers to a period when altcoins significantly outperform Bitcoin, typically lasting a few weeks within a broader market cycle.
When does the speaker think itโs the right time to invest in altcoins?
-The speaker believes the right time to invest in altcoins is when Bitcoin's dominance starts to level off after breaking previous all-time highs, signaling the beginning of altcoin season.
What strategy does the speaker recommend for taking profits from altcoins?
-The speaker recommends taking profits incrementally. For example, if an altcoin doubles in value, half of the profits should be sold and converted back into Bitcoin, ensuring that the original Bitcoin investment is protected.
How does the speaker plan to use their altcoin profits?
-The speaker plans to use altcoin profits to increase their Bitcoin holdings, ultimately maximizing their Bitcoin stack during this market cycle.
What is the speakerโs approach to managing emotions in trading?
-The speaker advocates for removing emotions like fear and greed from trading decisions by following a clear, systematic strategy such as taking profits at each doubling point to ensure continuous profit while managing risk.
How does the speaker define a successful trading strategy?
-A successful trading strategy, according to the speaker, is one that is simple, systematic, and removes emotional impulses, such as the 'half-out' method of taking profits at each doubling point.
What does the speaker mean by 'easy wins the game'?
-The phrase 'easy wins the game' refers to the idea that following a simple, consistent strategyโlike taking half profits at each doublingโleads to long-term success in trading.
What is the significance of the speakerโs past trades and profits?
-The speaker highlights past successful trades, such as holding Bitcoin through a bear market and waiting for the right opportunities, to demonstrate how a patient and strategic approach to investing can yield significant profits.
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