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Today marks the 4 year anniversary of my first BTC purchase. Here's my journey.

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by COINS NEWS 199 Views

I bought my first BTC in 2017 on August 8th. I recall the price being around 3k at the time. Shortly after, I dumped my life savings of around 20k into BTC. My portfolio today is worth around 1.35M, but it was not easy to get from where I was to where I am today.

By November of 2017 I had diversified into mostly shitcoins and hit 100k on December 1st. By Jan 1st, I had 250k. I became overwhelmed with the gains and got too greedy. I didnt realize I entered the market toward the end of a speculative bubble and quickly watched my 250k dwindle down to 17k by December 2018. (While continually adding capital from my full time job). I made and lost everything in a short period of time.

For two years, I continued buying my favorite shitcoins, and managed to miss the entire defi bull run because I didn't buy any defi coins. Yet, I persevered. I managed to sell most of my reddit moons for 0.92 BTC and at the beginning of this year, I had around 2 BTC and a bunch of shitcoins.

By Dec 2020, I had my 250k back with approximately 50k of capital invested over 3+ years. During the spring bull run, I sold for BTC for the first time ever, accumulating 21 BTC and consolidating my extra into my favorite shitcoin. Finally, a win for the first time in years as the markets came crashing down again. (Spring peak was 2.16M)

My plan moving forward is to hope for a similar run up and blow off top around Dec-January and cash out around 5 million to stablecoins. I will spend 1 on a house and car while lending the rest, anticipating a buy back in around December 2022.

As far as I am concerned the spring BTC bubble was too much and we are right on track for a 200k BTC end of year, with where BTC is at 43k. There are still almost 5 months left in the year and I expect a face melting bull run end of year because its never not happened before. I really believe the cycle will repeat and we will see the same emotions as we have seen in the past bull runs.

This is simply my strategy and is not in any way financial advice or what anyone else should do.

Share thoughts, ideas, where you think crypto is going.

Right now I'm about 70% BTC, 30% HBAR, but ive owned everything from ARK and NANO to VET and NKN. If it's crypto, I've dabbled with it and I am excited to be a part of this beautiful, vibrant community. Hard work and dedication has made me rich and this bull run I hope to make even more lifechanging gains and hope you do too!

submitted by /u/Cryptorich13
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