We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

3 Tips From an Early Bitcoin Investor on Winning the Long Game

1 0 0
14.06.2021

In 2013, I did something mainstream investors thought a big mistake at the time: I bought Bitcoin. It was only $100 worth (or about 8.3 Bitcoins at the time), and I purchased them directly from a friend — part of my motivation that I saw its potential as a successor to traditional currency. I was focused on that future I wanted to see, as well as on the long game. The value of Bitcoin as of this publish date is $38,560.60 USD. Even in a volatile year for the currency (it reached more than $63,000 in the middle of April), this is a return that would have shocked investors who initially steered clear, and thought I should, too. But I wasn’t listening to them; instead, I followed three key lessons that have helped me achieve long-term goals, both at work and in life.

Related: Tax Rules for Buying and Selling Bitcoin and Other Crypto

Every industry has influencers or self-proclaimed gurus adept at building a community of attentive followers. Some have earned expert status, others have just capitalized on hashtags and search engine optimization. So, do your due diligence on people you’re listening to and ask yourself, “Am I philosophically aligned with this person? Does their advice resonate with my beliefs?”

For me, expertise comes from a select group of professionals who not only understand the fundamentals of my industry, but share similar values. I didn’t invest........

© Entrepreneur


Get it on Google Play