The big money is not in the buying & selling, but in the waiting.
There’s a difference of opinion of what’s the easiest way to get $1 million in crypto
Some say that compounding your trades is the only way.
While others say that getting in early & being patient for a big Return on Investment is best.
Both have their disadvantages & advantages.
Both are reasonable approaches to getting that big return.
Though what I take issue with are the people who say you’ll never get a 100x, ever.
They say to give up on it.
& they say that ur better off taking the “easier way” by compounding trades to get ur $1 million ROI…
These are people who likely have never sniffed a 100x ROI in their life.
They say: “Better to compound & keep 2x’ing your money. Much easier to get your $1 million.”
Really?
So, It’s that simple to get $1 million via compounding as opposed to identifying an early stage high conviction #crypto investment, actually making the early entry, & being patient for big ROI?
No.
It’s not.
Don’t fool urself.
It’s not “simple” to make $1 million by compounding.
Let’s try with starting capital of $1,000:
$1k, get a 2x, then take $2k, get a 2x, then $4k, get a 2x, then $8k, get a 2x, then $16k, get a 2x, then $32k, get a 2x, then $64k, get a 2x, then $128k, get a 2x, then $256k, get a 2x, $512k, get a 2x, then you finally have your $1 million…
That’s ten 2x’s consecutively in a row.
With zero mistakes.
Zero rugs.
Zero things going wrong.
Do you have any idea how difficult it is to get a 2x ten times consecutively in any investment sector?
Especially in a volatile financial market like crypto?
I know how difficult it is.
Though I asked ChatGPT to assist me in calculating the rough probability %
The answer?
It’s roughly 0.098%!
Not even 1%!
Barely even 0.1%!
That means 99.9 times out of 100 you are likely to FAIL!
And that is calculated with the probability of a 50% chance that you will successfully get that first 2x!
Imagine if we calculate this with lower even more realistic odds…
Now let’s try the exercise with the starting capital of $10,000 so that you need to compound less times:
$10k, get a 2x, $20k, get a 2x, $40k, get a 2x, $80k, get a 2x, $160k, get a 2x, $320k, get a 2x, $640k, get a 2x = $1,280,000
That’s 7 times you need to get a 2x consecutively, with zero mistakes in between.
Again, I asked ChatGPT to assist me in calculating a rough estimate % of probability of success.
The answer?
A freaking 0.78% chance!
Still, not even 1%!
& again, that is with assuming ur first 2x has a 50% chance of success.
A big assumption
Now, further complicating this “easier way” to get $1 million dollars
After u get to the high 5-figure & even 6-figure level, u then NEED to put ur funds into an asset with enough liquidity that’ll even let you double ur investment w/ a 2x!
& you will still need a lot of patience with that.
That is tremendously more difficult & unrealistic!
Do you see yet the folly in writing off 100x returns in favor of compounding?
It’s not impossible.
It’s 100% not the “easier way”
There is NOTHING easy about it.
One mistake, rug, or price crash along the way & ur back to starting all over again.
Coming from a guy who has successfully called more 100x crypto plays than I can count on two hands
& who has partaken in a handful of them myself to fruition
I will happily continue to hunt 100x Gems w/ heavy bets on multiple high quality options according to the size of my investment capital.
The probability of success for a 100x is tough to compute, as there are many factors involved.
Primarily the fundamental aspects of the investment.
I believe the far greater probability of success of turning your money into $1 million is by identifying high quality crypto projects in their early stages & actually having the balls to pull the trigger & be patient.