Easiest way to 100x your money! A practical guide.
Easiest way to 100x your money! A practical guide.
It's on the Bitcoin network and it's awesome.
To 100x your money in crypto you need to meet three key criteria:
Being early
An asymmetric trade
The right community
This guide takes you through each criteria after I show you a live example from our community. Once you get the basics right, you only need a bit of luck and that 100x is no longer such a dream.
Let’s dive in. TLDR at the end.
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Earlier this week, one of our community Patrons dropped some juicy alpha in our pro channel. The NFT collection called Taproot Punks was listed on Magic Eden, the to-go market place for Bitcoin NFTs. That’s where I did a 200x before.
After seeing that post, I checked the link and noticed that the collection was just being populated and priced at $25-$50 per punk.
“We are early!” I said to myself.
The collection was minted a week ago and it was just hitting the market. Loved the art too and the team appeared solid. Bought a few immediately and shared it within our Patrons group. Other members followed, and surprise, surprise…
A few days later, this collection already did a 10x! That $25 floor price turned into $250, as shown below. It’s unlikely this trend will change as long as we are in a bull market and Bitcoin breaks into new highs. These are impressive numbers in such a short time and only possible thanks to an alpha post by our member.
I plan to hold this collection in the next three to six months and re-assess then. Can it turn into a 100x? It’s possible! The floor has to reach $2,500 for that. That’s likely considering similar collections on Bitcoin already moved way above that.
Plus, the Bitcoin ecosystem is one of the biggest narratives of 2024. Buying a new BTC collection today gives you a good chance to do pretty well later this year since we’re in an expanding market. That’s an asymmetric bet right there!
Now let me explain the three criteria I mentioned at the start using the above example. Take this as a template and apply it everywhere in crypto.
It’s the key to your success and reaching that 100x!
Being early
No one in crypto made a 100x by buying something after they heard about it on the news. When that happens, you are usually buying the top.
Move away from that and seek better sources of alpha, like our Patrons Pro group.
To be early, you need to stretch your comfort zone. Do not be the guy replying “it’s not listed on Binance” when an opportunity arrives. That attitude is a sure way to never 100x your money.
Applied to the above example, it means you already have a Bitcoin wallet (like Unisat) compatible with ordinals and you know your way around Magic Eden or Unisat markets. You should also have some Bitcoin in that wallet. When the next opportunity arrives, you are ready to go.
Do not wait for the opportunity to come to you (e.g. Binance), go where it is already available (e.g. Magic Eden). That’s how you 100x!
An asymmetric trade
This has many forms and I wrote extensively about it. But it is CRITICAL you understand it! In its most basic form, an asymmetric trade means you stand to lose little while you stand to win big. It’s also what traders call the risk/reward ratio.
Let’s take the Taproot Punks example. You had a choice. Buy one punk at $25 and win big or lose $25 and call it a day. Losing $25 was not a big amount, it would hurt a little, but you can easily move on and make other similar trades until you win.
That’s how successful traders do it. They have many losing trades, but because they are asymmetric and small, a few big wins cover any loses and add plenty on top to make the whole affair worthwhile.
In our example above, the risk/reward was worth it. The chance of winning big was worth losing $25. The trade already paid off with a 10x return a few days later. That is more than some traders dream of. Most aim for a 3x or 2x.
We achieved this result because we went where the opportunity was present. We did not wait for it on Binance. This way, you compound your chances at success and YCC members are sitting comfortable in profit now.
However, as prices go higher, the risk/reward ratio falls. As the bull market develops, the ratio falls even lower and risks increase. When the bull market approaches its end, you will have few or any asymmetric trades left. But we’re not there yet.
Some buyers wake up too late and join the bull market when Bitcoin tops. They quickly turn into late buyers at the start of a new bear market. This is the opposite of an asymmetric trade and a sure way to lose money.
Know where you are in the bigger cycle or suffer the consequences! I believe we still have 10 to 18 months left in this bull run - this is your window of opportunity!
The right community
Doing this alone is hard. You can still win and be successful, but you can 10x your chances at success by being surrounded by like-minded people. That’s another asymmetric trade. You compound your chances at success because you multiply opportunities by interacting with others.
This is why being in the right crypto community is key. You get exposed to alpha, information and guidance that will support your path to success. That’s why I created YCC. I knew I couldn’t do it all alone since crypto is a growing market and moves so fast.
You can’t chase all opportunities, but you can create or join an environment where opportunities also come to you. We all benefit by pooling together our knowledge, experience, and information. In essence, this is what YCC is about. We are a thriving and unique crypto community that has exceeded my expectations since I started it in 2021.
But YCC is just one option. What you MUST do, is join something! Don’t do it alone if you want to find that 100x. It’s too hard like that. Therefore, I invite you to join our community, subscribe to our newsletter or become a Patron Pro.
Good luck and we look forward to welcoming you!
TLDR & Tips to Remember
You can 100x your money in crypto if you meet these three key criteria:
Being early - chase opportunities, don’t wait for them
Asymmetric trades - leverage those opportunities: small bets, big wins
The right community - join one to compound your chances at success
Use this guide as a template and apply it everywhere in crypto
With a bit of luck that 100x can become a reality - follow the template!
A 100x is only possible in crypto during a bull market (we are in it now)
You have 10 to 18 months left before opportunities turn into traps
If the risk/reward ratio is no longer in your favor - avoid / cancel / move on
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All info is provided for educational purposes only and is not financial advice.