I can’t afford 1 BTC or just few ETHERs: Average Citizen Journey (step by step)
We’ve got $1000 and we want to have more exposure to Ξther and Bitcoin. Many people are in the same situation:
“I only have small savings and I can’t even afford to have 1 bitcoin and only few ether”
“Crypto is so complicated, I don’t have time for this”
For the last 30 days Bitcoin and Ether haven’t got any significant movements. Price is moving in a range. What we did?
— Nothing, stayed calm! we are here for the long term and do just few operations.
Today the market is slightly up and portfolio has turned positive! Here’s the portfolio (find instructions below on how we built it step by step!)
- We are UP $36:
We started this journey a month ago. Our current Profit and loss is +36$, so anyone is pretty on time to join the journey.
Goals of the journey:
- To increase our Exposure to Bitcoin and Ether, step by step
- Play the position size game to last in a possible bull market
- Little amount of transactions, no hard work
The journey starts with $DAI and $Ether in Metamask. It requires you to buy Ether and DAI in a central exchange, like coinbase, or any other service. Up to you. That is the Central Exchange-FIAT part. We cover the Ethereum part and beyond.
You can buy $1000 of DAI (~1000DAI) at coinbase (or any other exchange ) and send it to Metamask wallet with some Ether to pay for transactions. Then follow Sections 1,2 and 3 to create the portfolio.
1. Purchase Ξther and ₿itcoin
How to purchase Ether and Wrapped Bitcoin with Uniswap
2. Printing your dollars
How to print your dollars using Oasis (MakerDAO protocol)
3. Increase your position
How to leverage your position using Dydx application
Key concepts (feel free to skip)
- Everything that we do in the journey is going to happen on the ethereum nework, which requires Ether in our Metamask Wallet in order to pay for transactions.
— Right now, Gas prices are very high! Which means moving our assets is going to be expensive in terms of fees!
- Damn! but it’s worth it… Why?
— because only in Ethereum you can do a superior level of finance. We are talking about generating money that flows into your wallet every second while you lye on the beach.
- but we are dealing with Bitcoin…
yes! we will use a token that wraps the value of bitcoin and can move in the ethereum network and create vaults to print dollars Brrrrr!
- “it’s too complicated, I don’t have the knowledge
— This is for you! if you know how to do it already, this guide is not for you! Share it with somebody who is clueless and is doing nothing about personal finances.
- Why?
— Because… well, the GREAT RESET is here, delivered by the World Economic Forum and friends: Central banks, private banks, Big Corps and Bureaucratic institutions.
It’s a zero sum game. In order for them to keep their status in a Great Reset, they need to secure the same level of power after the reset.
If you haven’t planned how to sail this economic disaster, I guarantee you the World Economic Forum and Friends have a plan for you: to pay the bill, no doubt!
Next Guide: Bitcoin and Ether are UP, what we do? Print more dollars!
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