Everyone knows it’s a good idea to buy low and sell high. However, I made a conscious effort to take that strategy to the extreme.
In December 2020, I maxed out my credit cards to ensure I could buy as much cryptocurrency as possible. But it wasn’t enough. So, I took out a loan of $250,000 and put my house as collateral. In total, I ended up with approximately $350k.
Once I had loads of money set aside, I downloaded a cryptocurrency exchange to my iPhone. Then, I purchased loads of Bitcoin at an average price of $21,300 per coin.
At first, my parents told me to think twice. They said it was a bad idea to invest loads of money without any prior experience. But honestly, I didn’t care. The only thing that mattered to me was getting rich. So, I did what any rational investor would do if they wanted to triple their money.
