Bitcoin turned eight years old this week and the price is back above $1000 per coin. For those of us that have valiantly and steadfastly been working on the finance system of the future for the last few years, we are all reaping the rewards of our efforts today.
Every person that you ask about investing in cryptocurrencies will tell you, “Don’t invest more than you can afford to lose,” but keep in mind that is a knife that cuts both ways.
If you really want to make money, big time money with trading bitcoin and other digital currencies, here is the strategy:
- Buy bitcoin and maybe a little of some other crytocurrencies like Ethereum or Monero.
- Move those funds into cold storage, into a safe location.
- Make backups.
- Wait and forget about that money.
That’s it. That is the brilliant and amazing way that people have made huge fortunes in the last few years with bitcoin and other digital currencies. Go ahead and buy some, and see how you feel about it at the start of 2018.