This is the most likely way you will make the money in BCH and it is quite easy to do. For this method to work, BCH has to multiply its price over a few bull runs. 1. Make a list of all the excess cash or things you can sell for cash. Keep that cash in your hands and buy a dip. (Excess meaning you won't need that money for the next 10 years). 2. Store your private key/seed safely in multiple locations. 3. Forget about it. Only come back to it if there is a big structural change in the industry or if there is something else that gains more adoption as a currency. Keep checking if your private keys are safe. You'll grow more cautious as the money grows but if you screw up this step. All is gone. 4. After the market goes through 2 or 3 bull markets, your initial investment should have multiplied many folds. This will likely take 10-15 years. 5. Now you can sell a portion of it in chunks to exchange them for stuff you need. This strategy works because it involves minimal work. After setting it up, you can go about continuing your life. Always, remember you shouldn't take advice from a random guy on the internet. I am not an investment advisor, this is not investment advice. I am just sharing my thoughts on what could work, always do your own research. #BitcoinCash
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1 comment
It's really very helpful.. yeah we should do our own research.