Portfolio actions is the realization of an idea that originated back in the distant year of 2015, when Bitcoin was worth $200. At that time, I did not know what would happen to it in the next five years: who would support it and how it would develop. Today, turning an idea into reality, I have a clear understanding of what will happen... who will support it... and how the projects I invest in will develop.
Knowledge is half the way to the goal, in everyone it is different; at me, it is to earn half a million dollars, just from the air. Analyze, think independently, be informed, look for data, and you will know something that no one else knows.
Most cryptocurrency projects are financial bubbles manipulated by funds. But, understanding their methods of manipulation, I will buy a certain coins every month, an amount no greater than what I would spend to buy cigarettes (+$100). By such actions, I plan to earn more than 500 thousand dollars, "money from thin air", within five years. It will not be difficult to do, if you have the knowledge.
Portfolio actions
1. Litecoin is the most trusted form of digital money that is not controlled or censored. Litecoin blockchain was launched on October 12, 2011, and it was the only honest coin launch in the history of cryptocurrencies; (Litecoin creator Charlie Lee publicly announced the launch on bitcointalk.org on October 9, 2011, and only three days later Litecoin was launched). No pre-mining, no ICO; just good old-fashioned Proof-of-work.
Charlie Lee is a man who worked as a software engineer at Google and developed an improved version of Bitcoin at the same time. In 2013, he left Google and accepted a position as an engineer-manager at the leading cryptocurrency exchange Coinbase, which gave him more time to work on his coin.
In 2017, he left Coinbase and sold all the coins he owned, causing fear and panic among investors. But for a cryptocurrency to be truly decentralized, it must not have a leader, and Charlie Lee understands that like no other.
From 2017 to this day, Lee has been the managing director of the Litecoin Foundation, where he and his team have been developing and promoting Litcoin. For 11 years, his brainchild has been running steadily and staying in the top 20 in terms of market capitalization, which is saying a lot.
Litecoin vs SEC.
After two years of development, the MimbleWimble (Mimblewimble Extension Block or MWEB) update was activated on May 19, 2022; it allows users to hide all data at their discretion: sender address, transfer amount and recipient address. MWEB makes Litecoin the most fungible and cash-like cryptocurrency. In simple terms, MWEB makes Litecoin the most secure digital payment instrument in everyday use.
But this puts Litecoin in the crosshairs of the regulator (SEC). I think Charlie Lee and his team know what they're doing. I don't know what will happen to this coin in the future, but I think cryptocurrencies are the best form of money Litecoin aspires to be. But for now, it's too early to tell.
What do I expect from the coin in 2023?
Now let's move on to the event that will happen on August 5, 2023, which is the halving of the reward per block (halving). I think this event will have a positive effect on the cryptocurrency price and thus give us some profit.
1. Buying Litecoin today, I plan to sell some coins when the price will be at x2 x3 of the current price.
2. I plan to sell only the part of the coins that will return the investment.
3. i plan to keep the rest of the coins, which will be given to me for free, till 2025 on my wallet.
As they say with what the hell... Those, who invested in "Litecoin Foundation" during two years and supported the idea and development of MWEB, know what we do not know.
Actions in the portfolio: coins for speculation
Fantom,Algorand,Cronos and Velas are coins that were purchased in anticipation of speculation on the events I talked about in this article: Hold your Bitcoins tight | Only those who exit in time will make money. But, one of the coins is worth watching more closely. See you all again and have a good mood! 👋
!!! WARNING!! Under no circumstances, do not take my actions as investment advice. This is only my subjective opinion, I could be wrong.