My Bitcoin Investment Strategy

So with my last cryptocurrency update, my total investment into cryptocurrency will be SGD 85,000, which is roughly USD 60,714.00.

Most of these will be placed into Bitcoin, and I will hold my Bitcoins for 3-5 years.

With what I had been reading, especially on the near-onboarding of regulations by governments who are now researching on blockchain, cryptocurrency and Bitcoins - will subsequently bring in inflooding of institutional money by large banks and investment firms.

That, will bring on Phase 2 of Bitcoin.

It is my hope, wish and desire that Bitcoin increases its ability to serve the digital and physical world (see some 2018 development plans for Bitcoin), and it increases its value to USD 10,000...USD 50,000...to USD 500,000 and beyond.

Within 5-10 years, if not earlier.

My Strategy:

  • Inject total sum of USD 60,714 for 9 Bitcoins
  • Once Bitcoin hit USD 100,000 per coin, I will sell ONE Bitcoin to cover costs and make some (or USD 50,000 per coin then I'll sell 1.something BTC)
  • Then I will gradually sell one Bitcoin each time it hits a milestone of USD 100,000...USD 200,000...
  • And hold 3-4 Bitcoins to "see what happens" and "how far Bitcoin price can go" - methinks/mehopes Bitcoin can eventually hit USD 1,000,000 per coin

Then I will cash out.

OR when my taxi drivers and grocery cashiers starts advising me when and how to invest in Bitcoin.

Where to next?

  1. Head to Home Page

  2. Read the Core Articles, Popular Articles and my 21 Days To Financial Makeover

  3. Contact me by email at (even just to say hi) nigel@nigelchua.com

  4. See the latest articles and updates at the blog

  5. Check out all the resources and tools I use

  6. See my top two resources for online business below: Wealthy Affiliate (left) and Solo Build It (right) - both have very specific strengths and functions

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I've been a premium member of Wealthy Affiliate since 2015 and there are a number of pros to be with them, which you can read at my Wealthy Affiliate review here.

One of my favorite points of WA is that they have a try-before-you-buy forever-free membership which you can sign up here for free. No credit card needed.

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