Thread by @hopeseekr

Every single person on Earth should aim to have at a minimum 1 week’s of wages in at least 2 cryptocurrencies. If you’re just starting out: Invest 50/50 in both #Bitcoin and #Ethereum.

Keep buying it till you have 6 months of income stored and NEVER spend it. Go hungry first.

It is **MUCH** better to buy both #Bitcoin, $Gold and stocks at the same price amounts each week than it is all at once.

E.g., if you commit to buying $2,000 $BTC, it’s better to buy $500 per week over 4 weeks than $2,000 all at once.

It’s called Dollar Cost Averaging.

You’ll have the best luck buying $200 of $BTC per bi-weekly paycheck vs $5,200 all at once, trust me...

If you everr see $BTC do something crazy like when it dropped from $630 to $250 in Jan 2015, BUY IT LIKE CRAZY!!

I sold my car @ 33% loss to do that back then.

Now, when it’s at All Time Highs, i don’t recommend buying huge amounts all at once. Investigate altcoins like $LINK and stuff like that, and GRADUALLY invest in them. No more than 20% of your disposable income at any one time.

When there’s a crash, take out a 2nd mortgage...

I don’t take my own advice.

I put 100% of my disposable income in crypto and once i have $10,000+ in a reputable coin like $BTC or $ETH, i take out loans against it in $USD. That way I never have to sell.

I used to live off of Gyft $BTC-purchased giftcards. Now $USD loans.

Loans are tax free… You can do this indefinitely.

Use your $USD fiat job income to finance your crypto loans and live off the $USD form the loans. Never have to sell or be taxed on your $BTC profits.

It’s pure win...

@threadreaderapp unroll please