Many people get attracted to financial markets by promises of quick returns. You work a regular job and hear about this one dude who made retirement-worthy money in the crypto markets, and you’re intrigued. Is this your lucky ticket out of the rat race? Odds are this story feels familiar, as most crypto participants got into this market simply because someone told them it could make them a lot of money in a short amount of time.
And to be fair, that promise isn’t entirely incorrect. The only problem is that they generally only talk about the potential to gain a lot of money, while the other side of that potential is far more likely: losing a lot of money in a short amount of time. Roughly 90% of crypto investors lose money. A stark contrast to the fact that so far, almost everyone who bought Bitcoin and then held on for at least four years is in profit. The only exception: those who bought above $60k in 2021, but even they were in deep profits not too long ago.
This paints a clear picture: if you play the long-term game, it becomes significantly harder to lose money. The stock market has a multi-decade track record of proving this, and Bitcoin has followed a similar path so far.
The reason for this is simple: we are not nearly as good at dealing with our emotions as we think we are. Analysing the market isn’t difficult, but as soon as we have actual skin in the game, our biology takes over. People have had to deal with fear and greed since long before the advent of the stone age, and it’s unlikely to change anytime soon. As such, I recognized that I was no exception to that rule and decided to build around that.
In essence, recognizing that you’re unable to outsmart basic human biology isn’t a defeat; it’s a victory that gets you on the right path to building a winning strategy. Design around your pitfalls, and those pitfalls suddenly don’t pose a threat anymore.
In my opinion, the most skillful investors aren’t great at predicting the next market move, but they excel at building a strategy before the market moves at all. You see, if you have to make a manual decision during a market move, you open the door to those same emotions we’re trying to keep out. ‘Do I buy here, or do I start next week?’ is a dangerous question to ask. You want to address those questions before even getting started.
My strategy is built to be as straightforward as possible. I want to eliminate decision-making completely. I set rules in stone beforehand, and then when the time comes around where everyone loses their mind, all I have to do is execute. It looks effortless, but that’s exactly where the skill is: it takes a lot of experience, skill and thought to design a strategy that requires zero skill to execute yet is able to make money in a market where 90% lose.
If such a strategy intrigues you, I recommend checking out my Twitter profile, where I share the basics of what I’m up to, and how I look at the market. You’ll quickly find I play this game a little differently than most, in a way that I believe is much more suited for the average person.
To make money in crypto, you do not need to be able to make clinical decisions while under pressure. You’d be much better off taking those decisions in advance, so that you can simply execute when the time comes. Accept your weaknesses, build a strategy around them, and let time do the rest. In the meantime, kick back, relax, enjoy a nice cocktail on the beach. Your portfolio will thank you for it.
If Twitter doesn’t get you enough context on my strategy, I explain it in full detail on my Slice profile. I share weekly market updates, detailed articles covering my strategy, and answer any questions you may have about my approach to the market. It’s not a signals group, but you will be able to observe my moves in the market from up close, and you might find a few things that can work well for you as well.
Code JELLE50 gets you 50% off your first month, so you can try it out on the cheap. See you there?
