The secret strategy: A crypto enthusiast’s guide to earning your first Bitcoin

Medium user and crypto investor, Scott Debevic, wrote about how he earned his first Bitcoin. He advises using this method if you are willing to own “the best crypto asset on Earth.” The main thing is that he is sure that this strategy will work for everyone, including you too. So, let’s consider it.

Crypto traders rank

In the crypto industry, players are divided into several categories depending on the number of coins in their wallets. Among them:

• Shrimp (<1BTC);
• Crab (1–10 BTC);
• Octopus (1–50 BTC);
• Fish (50–100 BTC);
• Dolphin (100–500 BTC);
• Shark (500–1000 BTC);
• Whale (1000–5000 BTC);
• Humpback whale (5000 > BTC).

At the time of writing, Bitcoin is trading at $21.7K per coin. Not many people have enough money to buy 1BTC at once, especially if you are a shrimp that invests your pennies in permanently volatile digital assets and has to survive in this crazy crypto world.

It might be hard to believe now, but at the beginning of 2010, anyone was given 5 Bitcoins just for solving captchas at a unique Bitcoin Faucet platform. But on the other hand, nothing is surprising about it. After all, the coin was worth next to nothing at the time. In November of 2009, the price of $1 was about 1,000 BTC.

Today, such sites also exist, but you can earn from them, to put it mildly, a little less. However, according to the author, it is possible to make 1 BTC now, and here’s how.

From shrimp to crab

Of course, the Internet is full of people willing to share the “secret” of how to conquer the market and earn the necessary amount of money in the shortest possible time. They claim to have a particular author’s method, like Krabby Patty’s secret formula. But if they had one, why would they share it with you instead of getting rich? Scott Debevic is sure that the answer is simple — they’re lying.

According to CoinMetrics, only 891,148 people own a whole Bitcoin. That’s about 0,011% of the world’s population. And given that we can only make 21 million Bitcoin, it is more probable that you’ll live to be 100 years old than earn 1 BTC. Not exactly a good statistic, is it? But it doesn’t mean you should give up and stop trying to get the desired coin, especially if there are working strategies for this. 

The secret strategy

The author believes that the main problem that prevents us from investing and profiting correctly is that we as humans are very vulnerable. We have emotions and feelings such as fear, greed, dreams, and hopes. According to him, he started investing in crypto in 2017, and if he bought Bitcoin a little bit at a time, his income could have increased almost eight times. But he started to follow this strategy in mid-2020, and since that time, by investing $10 a day in Bitcoin each day, Scott Debevic has made 35%. By comparison, a similar strategy when investing in Dow Jones produced less than 6%.

But it’s not all that simple, it’s also essential to consider the period when you want to start investing with this strategy. If you had begun investing $10 BTC at the time of Bitcoin’s historical high, which was in November 2021, you would have lost 8,2% of your total investment.

This method is also helpful because you won’t need to follow the market news, volatility, various indicators, and parameters (like market cap, which is pointless and dangerous). It is enough to convert your savings to BTC, and the result will be:

• when prices fall, you will accumulate more BTC (you can’t think of a better one in the long-term investment);
• when prices rise, the value of your portfolio will increase.

That’s all. It sounds simple but unrealistic. However, according to the author, this method works. You can read the full article by Scott Debevic here.

Of course, it is not financial advice; that’s why you should do your research. And if you want to learn about other strategies to help you make money, you can consider our guide.