How I beat the crypto market last cycle

Hey everyone,

Let's take a trip down memory lane, back to 2019. I was just like many of you, lured into the world of investing by the promise of intellectual stimulation and, let's be real, the potential to make some sweet profits.

Back then, macro investing was my deal. I devoured podcasts, scrolled through Twitter threads, and soaked up knowledge like a sponge. And then, like a beacon in the night, crypto came onto my radar. Specifically, Bitcoin. At first, it seemed like venturing into the wild west of finance – risky, unpredictable, but so intriguing.

You see, Bitcoin had this rhythm, this cycle that seemed to dance around the halving event. And historically, a few months after the halving, Bitcoin would skyrocket, opening the door to some serious gains. So naturally, I wanted in. But how does one dip their toes into this volatile pool without getting burned?

I didn’t fancy the idea of losing my hard-earned cash on a whim. Plus, let’s face it, most of us are terrible at timing the market – buying high and selling low is practically a rite of passage.

So, I devised a plan that ended up allowing me to 8x my money.

First off, I embraced conservatism. If I smelled trouble with big gains on the table, I didn’t hesitate to cash out. No shame in locking in profits, folks.  I learned to be grateful for what I had and move on.

Next up, emotional management. Picture this: you're sitting on a pile of cash, the market's going wild, and suddenly, FOMO kicks in. That's where a solid plan swoops in to save the day. Just. Stick. To. The. Plan. Having a set strategy kept me grounded, preventing any impulsive decisions that could've torpedoed my gains.

Last but not least, I went all-in on data. Decisions to buy or sell would be as data centric as possible.  I compiled a big list of indicators: macroeconomic, on-chain, and technical analysis.  And, I didn't rely on just one. At the first site of trouble in any of the market top indicators, if real profits were on the table, I would take them.

That’s how I rode the Crypto wave and came out on top. Conservative, data-driven, and emotionally resilient – that’s the name of the game.  

In future newsletters we can dig more into the components of this…the next halving is only a couple months away.

Cheers,

Justin

Interesting content this week

1. Mike Green’s tweet on the Bitcoin etfs…they’re having an impact

   https://twitter.com/profplum99/status/1758181175569383602

2. Michael Saylor on CNBC. There’s loads more interesting Saylor content out there, this is a nice intro. He has a lot of interesting thoughts on Bitcoin

   https://www.youtube.com/watch?v=YYzHK-Ft1-g&t=1s

3. Nice summary of some key current topics in crypto by Scaramucci

   https://www.youtube.com/watch?v=I1iJQ5W6A4w

Disclaimer: The Blockchain Breakthrough is not financial advice. Please do your own research.