Luka Modrić and Toni Kroos contract extensions are not gonna change Real Madrid plans on Jude Bellingham deal. ⚪️🏴 #RealMadrid
Bellingham has agreed personal terms with Madrid; waiting on Real and BVB to agree on the fee.
Jude, considered crucial target for present and future.
In the previous bull market i turned $300,000 of earnings and savings into a partially illiquid $160M at the very very peak
I sold around $30M of crypto assets in the bullrun
I lost around $100M in the various different #altcoin crashes and protocol hacks because most of my funds were locked in unlock schedules.
It sucked, but i used the funds i sold to buy the dip like someone with mental issues
When i would buy the dip and tweet, often if you look back those were margined leveraged positions, sometimes i made money on the bounce. Sometimes i lost money on the drop.
But in terms of really heavily buying the dip i started around $37,000 on the way down
I bought the dip 10 times between there and $15,600
I invested $8 million into property
I invested $1 million into cars
I invested $5 million into crypto saving expert (it is still funded, i did not use VC)
I donated $1 million to charity
I donated $200-300k to my followers
I paid for 2 peoples cancer treatment
I gave several million to family and friends
And i spent probably $2-3 million on furniture and life stuff
And the rest i used to buy #bitcoin on 10 separate occasions
Dollar Cost Averaging is always the best way to buy the dip, the lower it goes the more you buy.
People will call bullsh*t but this all happened, it is all true
I lost an ungodly amount of money in 2022 when altcoins started crashing as I couldn’t sell because then i would make it worse.
People forget how easy it was to make money in the bullrun, literally take $100k, go 50x long, wait a week, cash out $3m
Or the other easy was was investing in presales and altcoins. Some of those altcoins scammed me. I am currently going through and reviewing which ones still exist but i invested in 400+ different projects most of which i still hold to this day and 10% of which i reckon will do well in future.
There was a time between December 2020 and May 2021 where anybody could invest in any presale even if it was a turd and on paper they would make $1m off $10k
The reality of it was try and sell that for $1m
You cant, you got 10% upfront and 90% distribution over 2 years so odds are you lost most of the value you saw originally.
I made the most money on things that i invested my $300k right at the start in like matic 264x from entry on $40,000 investment and i sold 90% of my holdings at the peak. Swissborg did a 100x and i took 50% profit. Aave, polkadot, chainlink, bnb and so many others all popped between 100-1000x
Anybody could have invested $10,000 and made $1m+ in a few months back then.
The reality is each cycle if you stick around you start from a better position financially if you played the full cycle previously.
This time is no different.
Don’t get me wrong, the bear market was awful, i sold things i didn’t want to sell to fund my dollar cost averaging but in the end it will be worth it when bitcoin is $100k
There is only 360 days until the next bitcoin halving. After that $100k is written in the starts and my “dumb calls” at $40k will look smart once again.
I have been playing this game since 2013. I played it wrong the first 2 cycles but this time round i played it right.
We will all be floating around the Caribbean soon enough, HODL is the best advice i can give you and take advantage of opportunities when they are presented to you.
Those that take big risks get big rewards.
I risked it all. And I’ll keep doing that because i do not view crypto as a risk. I believe genuinely it is safer than the banks.
Bitcoin started in 2009. For the entire year, there were no transactions on the Blockchain other than Satoshi himself. How much value did bitcoin blockchain facilitate last year?
Growth is never easy, or linear.
Reminder.
Next year when #Bitcoin reaches 50K, Michael Saylor would have made 3 Billion Dollars in Profit.
He will laugh at each one of us who is calling him stupid, from a castle that we can't afford.
There are three scenarios for the ongoing banking crisis and Bitcoin:
(a) Small chances of hyperinflation. To be crystal clear, I’m terrified of this possibility (however slight). I sincerely hope this does not happen.
(b) Fed prints a hell lot of money and gets the banking crisis under control. We get high inflation but not hyperinflation. This is the most likely outcome, allowing the world to adopt Bitcoin slowly. This is the more peaceful path.
(c) Regulators come down hard on Bitcoin and try to cut off on-ramps and current trading, which means short-term turbulence for Bitcoin for some years.
Balaji is in camp (a) because he believes that because of social media and hyper-connectivity, everything will happen fast. I’m hopeful for path (b) as I believe the legacy system can live on for a bit longer, giving a path to a slower transition.
In both (a) and (b) BTC appreciates. In (a) BTC = $1M and in (b) BTC = $100K+. Scenario (c) is where Bitcoin goes through short-term troubles (a successful Operation Choke Point 2.0) and then grows while largely being cut off from the US markets completely.
In any of these scenarios, I’m not betting against Bitcoin. New disruptive technology always ends up replacing legacy systems. It’s just evolution.