How to buy Bitcoin at its all time high and still make lots of money

With Bitcoin rocketing, it's hard to not get FOMO. And yet, we all know that buying at an all-time high is (historically) a terrible strategy. So how do we approach this?

The secret is grid trading and dollar cost averaging. These strategies are AMAZING for getting invested in a crypto while greatly reducing your risk.

For example, with Bitcoin, if you bought at the last all-time high, here's how much money you would've made from Oct 9th 2021 to May 19, 2024.

https://preview.redd.it/1fy4dsx04oqc1.png?width=1942&format=png&auto=webp&s=b5890692108f76a491334c753138866b39724719

In contrast, if you did a VERY SIMPLE grid trading strategy, here's what your gains would've looked like.

https://preview.redd.it/49dskf524oqc1.png?width=1940&format=png&auto=webp&s=10a6d8ff77909b75c15d39ae7919de9c164ef46a

The rules for this strategy are extremely simple:

Buy Condition: If I have less than $100 of Bitcoin OR my Bitcoin positions are down 20% or more, buy 20% of my portfolio value in Bitcoin

Again, while this demonstration shows Bitcoin, the lessons apply to all cryptocurrency.

For a detailed guide on how all of this works, check out this article. Curious to get y'alls feedback.