It's everyone's dream to be able to own at least 1BTC. While many have surpassed this general dream, and have become whales in the process, many people still own less than 1BTC.
In fact, a quick blockchain search shows that less than 30% of all wallets on the network hold at least 1BTC. It's true that many people own multiple wallets, but let's assume that that wasn't the case for simplicity purposes.
So how do you get 1BTC without buying it? I did a post on my personal journey to 1BTC, which I got for free online back in 2017, and that post was well received, and is still my most popular post to date, with over 7000 views.
So in this post, I'll give you two ways of getting to 1BTC in a year. The only criteria is that you must own at least 0.02BTC.(or more)
As usual, there will be two parts to this post. The first part will be the simpler way, and the next part will be the harder, but more rewarding way.
METHOD 1: COMPOUNDED SAVINGS
This involves four components:
- A Binance savings account
- 0.02BTC that you would not need to spend for a whole year
- A lot of patience because the growth will be tiny at first.
- A Publish0x account with approved authorship (you'll see why)
It's simple to use this method. Simply deposit your 0.02BTC into your BTC wallet on Binance. Then pledge it in the Binance savings and forget about it for a month. Once the month is over, withdraw both your earnings and capital into your main wallet.
However, the fun comes while you were waiting for the month to expire.
During that month, you should have been writing QUALITY articles on Publish0x. These articles should earn you money(if they're quality and generally accepted by the public) and that money should be converted into BTC.
If you're very bright, you'd have caught what I'm doing here. Yes, we're going to COMPOUND our BTC using outside increments.
A quick briefer: Compounding on money is simply the addition of money to interest to increase the capital. This is done multiple times over as the interest continues to increase till you reach your goal, or till you can't no more.🌛
So once you've gotten your Publish0x earnings converted to BTC, add them to the money you'll reinvest for the next month. This way, your capital increases, your profits increase, and you get closer to your goal.
I have calculated that the money you must increment by every month is at least $15. If you write well on Publish0x, you should get more than that every month.
METHOD 2: PERPETUAL SWAP FUTURES TRADING
Using this method is very dangerous, and you could lose all your money very quickly. However, if you learn well, and learn under the tutelage of someone who is already great at this, you will make money from the onset, which is very hard for those who learn on their own.
A perpetual swap futures contract is a futures contract that is settled in BTC rather than USD. You can do more reading on what futures are here, but that's the general quick explanation.
The point is, with this kind of trading, you can actually turn your 0.02BTC into 1BTC in 3 days, as I have done once before.(I documented my trades on this blog)
You will have to learn how to trade very very well before venturing into this type of method.
The general rules everyone should know before starting out trading are:
- Always use a stop loss
- Always set a target, stupid as it might be
- Never use leverage above 5x. Seriously. You'd get wrecked.
- Never go all in. That's what leverage is for. To help you control more money with less money.
There's a lot more to learn about futures contract trading, which is why I've put together a Telegram group. I won't be talking about this group much, but I will teach everything you need to know about Futures trading, ranging from Technical analysis, to position sizing and leverage. Join here to know more about the group. Be sure to message me if you need anything!
Those are my methods! What do you think about them? Will you be trying any out? Let me know down below.
Thanks for reading.