Once I finish executing my plan in this Bull Market, without waiting for the shitcoins to make an x100, and if they do, they are welcome, I start thinking about the next one...this does not stop and having an entry plan is as important as an exit plan. I don't know what the "crypto business" of the future will be, I don't have a crystal ball but I do feel comfortable, after all these years, with ONLY BITCOIN and HIVE... really, any other shit in this market seems like smoke to me...
Obviously, you can be on the lookout all the time regarding what the next speculative boom could be, DeFi, Memes, shitcoins of any kind but, above all, the technology is already ready and all that's missing is some other disruption so that, apart from BITCOIN and HIVE, something really new is invented which, certainly, at this point I don't see...
But I'm tired of doing it and, certainly, I don't like the projects I see for investing...although, I also recognize that I like to speculate and I admire those who have the ability, the time and the dedication to always be on top of the wave. I simply think that my engineer's mentality doesn't allow me to take so many risks at this stage of my life, especially in things that don't seem to have any real utility or practical use...
So, once this Bull Run is over, which I see very close if it hasn't already, all my focus is going to be on accumulating as much as I can in the next few years in which I will approach my desired age of early retirement....Yes! Fuck them all!...I plan to accumulate every sat and HIVE that comes into my hands, although I'm already doing it...
And if I can't enjoy 100% of this accumulation, for some reason or another, then I would like my children to inherit the result, I'm sure they'll know what to do with it, or so I hope...so, I think I'm going to have to design a safe "wealth transfer" strategy...yes, in the coming years I have to design a foolproof plan so that, if something happens to me, they'll know what to do...I'm thinking of some method, not notarial, but I'm still not entirely clear on it, it should be something that survives any external attack (fire, floods, theft, phishing...), unfortunately, I don't think it will be through the use of third party services...I just don't trust them...it will surely be something more rudimentary, but also safer...we'll see.
At the moment, I am still planning the next stage, while executing the present one, like a Swiss watch.
Inheritance will become a serious problem to deal with in crypto. Not enough people think that far along (which is wishful thinking, it's not always so far along).
Hopefully, this bull market will end well, so we can apply a re-entry strategy afterwards from a much better position.
I also hope so
I think that the great majority of the people in crypto do not have an entry plan, but they also 99% of the times do not have an exit strategy. And even if they do, its badly planned... I always tell people to stick to the plan, do not let the heat of the chart get in the way of your selling strategy - the problem is, most people don't have this
The bull run is coming, plenty will get rekt and won't even understand the reasons...
Great post Eddie! By the way, I shoot you a dm on discord, lmk if you see it!
I will have a look, thanks
Thank you for sharing this strategy