by David Francis Blanc
Dollar Collapse
“I skate to where the puck is going, not where it has been.” – Wayne Gretzky, hockey legend
If you compare a cryptocurrency to a hockey puck, buying where the coin has been is the same as buying high. There is nothing wrong with a buy high, sell higher approach. That’s what a Bitcoin/Ethereum strategy is right now, and over the years it has paid off.
If you want a 10,000x profit on a 2022 purchase, however, you cannot do that with Bitcoin or Ethereum. You have to buy where the puck, in this case the coin, is going. That means buy the coin before it goes public. If you just buy a coin publicly, even at its cheapest price on the chart, you still might be paying 10x or maybe even 100x more than it was when it was an initial coin offering (ICO). And, of course, the more a coin has appreciated by the time you buy it, the further it can fall when it corrects.