Crypto has changed. Time to change my game.
Has anyone seen my Binance password? Did I send it to you guys?
I had to change computers, but then I remember writing it on a notepad… I think it was yellow. But then we tidied up the garage…
I’m sure I’ll find it. In the meantime, it seems like Uncle Jon’s luck’s come good again.
Crypto has been on a tear-away, and my holdings, which I’ve just been sitting on, are now worth over $400,000.
Aren’t I a lucky boy?
And my secret to crypto riches?
My patented strategy. Do nothing. Hodl. Forget your password. Make profits.
Now, if you’ve been following my blog for a while, you know I have a funny relationship to crypto. I’ve been writing about since 2015. I bought in in 2017.
That was a ride. I bought in at $7K. Then $10K. Then $14K.
… then I took the rollercoaster all the way down to $5K. At which point I just put them in the drawer and said, I reckon I’ll just hodl these and see how it pans out.
Because, ultimately, I’m a believer in the tech.
When I got into the tech, I was amazed. Having a system that solves the Byzantium General’s problem is radically new and radically awesome.
I could see that Bitcoin, as the first use-case of that solution, opened a door onto a decentralised future – or a future where more and more of life went decentralised.
And that’s amazing.
That said, there’s something that’s new, and something that’s new and profitable.
And it’s a tricky space to see through all the hype.
One of the reasons why I love property is because I get property. I understand it. It’s pretty predictable.
But I’m the first to admit, the crypto token universe looks pretty weird sometimes.
And while my Bitcoin holdings have gone moon, some of the other tokens I bought into in 2017 – tokens that were the darlings of the market back then – they’re now worth just cents in the dollar.
And why did I buy them?
I don’t know. Somebody told me it was a good idea. I got a hot tip. They had ‘momentum’.
I made all the classic mistakes.
(And yet I’ve made lots of money, so what do you make of that?)
And so people don’t know if I’m bullish or bearish.
But it’s not as simple as that.
I’m pro-education.
I’m pro-investing on the back of tried-and-true systems, under the guidance of someone who knows what they’re doing.
I’m a busy man. My business and property interests have my flat-strapped. I don’t have time to research the crypto market.
And it worries me all these people piling into crypto who don’t either. They’re just trading on the back of what their mate reckons.
That strategies works on the way up, and kills you on the way down.
So don’t think I’m anti-crypto or pro-crypto. I’m not. I’m pro making money.
And that happens when you have system, expertise and experience.
It’s true in any asset class.
And so now I’m taking another look at crypto. But that doesn’t start with throwing money at coins and hoping for the best (that’s so 2017).
It starts with education.
Time for Uncle Jon to go back to school.
JG