I have read multiple articles and discussed with many of the wealthiest people I know, the merits of Bitcoin. While the response has veried, there seems to be a strategy that they are either implementing themselves, or can't disagree with.
The strategy is simply 1%.
Not 1% like the wealthiest 1% you have heard about in the news. I mean investing 1% of your net worth in crypto. By doing this, you create a win/win situation. If crypto tanks, 1% of your net worth is nothing most people would lose too much sleep over. Conversely, if crypto ends up exploding to the moon in value, your 1% investment will be sizable enough to be a material improvement on your life.
This approach provides a logical and emotionless gameplan to invest in cryptocurrency without losing sleep on the swings. These are the strategies that make fortunes in the long run.
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That is the advantage the wealthy have. They can take 1%, which is a usually a pretty big number, and invest it in something as a spec play. The average person, even if they did this, would be putting $500 maybe into it. Now $500 in the right crypto can make a fortune yet the odds are stacked on picking the right one. Of course, $500 in crypto can yield a huge return and turn into $5000 or even $10000 yet that isnt really life changing money.
The rich get richer for a reason...they have a larger stack of money to start with. That said, from what I can see, crypto is the one area where the average person can close the gap. Tremendous wealth was already generated in the sector with more to follow.
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Absolutely. Crypto is creating a new era of wealth. It's a special time!
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I agree @bitbaron
This is the internet circa 1995...still a good 4-5 years before things really are in full force with the technology.
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If you like the article, please upvote! It would be greatly appreciated :)
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At some point, it becomes a self fulfilling prophecy
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Let's hope!
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