Confession of the "landed leek" in the currency circle: How did I outperform BTC and steadily achieve A8?
Original title: How I Built 8-Figure Wealth in Crypto (And Aiming for 9)
Original Author: @WarrenNakamotoX, Crypto Investor
Original compilation: Rhythm Small Deep
Editor's note: This article shares the author's experience of how to achieve an eight-figure fortune with cryptocurrency and aim for a nine-figure goal. The core lies in designing a long-term compounded portfolio, emphasizing discipline, patience and realistic expectations. The author consistently outperforms Bitcoin by holding Bitcoin, borrowing funds for short-term trading, cyclical ace investing, and angel investing, while protecting downside risks. The key to success is to focus on your circle of competence, avoid chasing short-term profits, and enjoy the investment process to achieve solid wealth growth.
The following is the original content (the original content has been edited for ease of reading and comprehension):
What is the best thing that cryptocurrency can give you?
= Life-changing rewards
What's the ugliest thing crypto can take away?
= All the benefits
you've ever made I know why you're here for the same reason I have:
= Make money. Life-changing money.
With these three strategies, if I make money, I use the proceeds to repay the loan and unlock my bitcoins. This way I only play with profits. If the profit is big enough, I will buy more when Bitcoin is down and repeat the cycle.
What if my trades and cycle aces are performing poorly? First of all, your combination is not dead, Bitcoin is still supporting you. If Bitcoin continues to grow, you can borrow more money to continue playing.
Your portfolio will only end if you borrow 50% of Bitcoin, all your operations go to zero, and Bitcoin plummets by 50%. You're going to have to be very unlucky and make every wrong move to come across this combination.
That's all I do. I don't play small-cap meme coins, I don't trade NFTs, and I don't play perpetual contracts because I'm not good at it. I tried to learn but found out that it wasn't my field. If you're good at it, you can borrow Bitcoin money to do what you're good at. Focus on your own circle of competence, each with different skills.
The most important thing for me: I love my life. I design my portfolio in such a way that I can sleep soundly, enjoy each day, do what I love, and never feel stressed about investing.
Even when I started my Web3 journey in 2017, the goal was never to get rich quick, but to build wealth slowly but surely while enjoying the process.