My Plan To Make Millions In Crypto in 2024–100X Altcoin Strategy

2ZUR...Rzig

15 Jan 2024

I’m Still Bullish On Bitcoin And Here Are My Top Crypto Picks For 2024

Bitcoin’s Surging 2021 Gains and Parallels to the Last Bull Run

Ever since the start of 2024, Bitcoin has been on an impressive run. As of today, it’s up over 150% from the beginning of the year. The past few weeks in particular have felt reminiscent of the wild 2021 bull market.

About a month ago, I began documenting one of my crypto investment portfolios in an unofficial YouTube series. At the time, that portfolio was worth around $132,000. Recently it surged to $180,000 before pulling back to $160,000 today. Needless to say, we’ve been able to make some solid profits this year. Members of my private group have also been crushing it with their crypto investments.

I know many of my YouTube subscribers have also built up impressive gains on their holdings. If you’re watching this, I want you to know it’s not too late — you are still very early and have ample opportunity to get your investments ready for what I believe will be another massive bull run.

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Here are some considerations for your 100X Altcoin strategy:

Research and Due Diligence:

Understand the fundamentals of the altcoins you're interested in. Research the project, team, technology, use case, and community support.
Be wary of potential red flags such as lack of transparency, unrealistic promises, or inexperienced teams.

Diversification:

Diversify your portfolio to spread risk. Investing in a variety of altcoins can help minimize the impact of poor performance in any single asset.

Risk Management:

Only invest what you can afford to lose. Cryptocurrency markets are highly volatile, and prices can change rapidly.
Consider setting stop-loss orders to protect your investment from significant losses.

Stay Informed:

Keep yourself updated on market trends, news, and regulatory developments. Cryptocurrency markets can be influenced by a variety of factors, and staying informed is crucial.

Long-Term Perspective:

Consider a long-term investment approach rather than trying to time the market. Short-term trading can be risky and may lead to losses.

Use Reputable Exchanges:

Choose well-established and reputable cryptocurrency exchanges for trading. Security and reliability are critical when dealing with digital assets.

Follow Market Trends:

Be aware of market trends and sentiment. However, don't base your decisions solely on short-term market movements. Use a combination of technical and fundamental analysis.

Community and Social Media:

Engage with the cryptocurrency community and stay active on social media platforms. However, be cautious of hype and rumors, as they can lead to irrational decisions.

Security Measures:

Implement strong security measures for your cryptocurrency holdings, including hardware wallets, two-factor authentication, and secure passwords.

Regulatory Compliance:

Understand the regulatory environment in your jurisdiction. Regulatory changes can impact the cryptocurrency market and your investments.

Bitcoin's Performance in 2021:
In 2021, Bitcoin experienced a significant price increase, reaching new all-time highs. Several factors contributed to this surge:

Institutional Adoption: Increased institutional interest and adoption of Bitcoin as a store of value, including major companies and financial institutions, played a role.
Macro-economic Factors: Economic uncertainties, inflation fears, and unprecedented monetary stimulus measures by central banks led investors to seek alternative assets, with Bitcoin being seen as a hedge against inflation.
Market Maturity: Compared to the 2017 bull run, the cryptocurrency market had matured, with greater liquidity and a broader understanding of digital assets among investors.
Limited Supply: Bitcoin's fixed supply (21 million coins) and its programmed scarcity, as well as the halving events that reduce the rate of new Bitcoin issuance, contributed to its perceived value.

Parallels to the 2017 Bull Run:
During the 2017 bull run, Bitcoin experienced a similar surge in price, reaching an all-time high in December of that year. Some parallels between the two bull runs include:

Retail FOMO (Fear of Missing Out): Both bull runs saw increased retail investor interest and FOMO as Bitcoin's price climbed, attracting new participants to the market.
Altcoin Rally: In both cases, the broader cryptocurrency market often followed Bitcoin's lead, with many altcoins experiencing substantial gains.
Media Attention: The media coverage of Bitcoin's price movements increased during both bull runs, contributing to public awareness and interest.
Volatility: Both periods were characterized by significant price volatility, with rapid price increases followed by corrections.

Cautionary Notes:
While there are parallels between the two bull runs, it's important to note that market dynamics can change. Cryptocurrency markets are influenced by a wide range of factors, and historical patterns don't guarantee future performance.

Investors should exercise caution, conduct thorough research, and be aware of the risks associated with investing in volatile assets like cryptocurrencies. Market sentiment, regulatory developments, and macro-economic factors can all impact the trajectory of digital asset prices.

For the latest information on Bitcoin's performance and market trends in 2024, I recommend checking reputable financial news sources and cryptocurrency market data platforms.

Why I’m Still Ultra Bullish On Bitcoin

I remain staunchly long-term bullish on Bitcoin for three main reasons :

1. We’re in a New 4-Year Cycle

Crypto moves in market cycles. Typically we get a bull run followed by a bear market. I believe the recent bear market ended a while ago and the current bull market started many months back.

The textbook definition of a bull market is when we officially bottom out after a bear market low. Looking at the charts, the crypto bear market began when Bitcoin hit its all-time high of $69,000 in November 2021. It crashed over 77% to around $15,000 by November 2022 — one of the worst crypto bear markets ever.

More than two years have now passed since the bear market started. I’m confident Bitcoin’s bottom was hit in November 2022. The chart shows Bitcoin’s ascending price trajectory since that orange line bottom. Although we’ve seen fluctuations, the overall trend remains upwards. For Bitcoin to retest this cycle’s low, it would need to plunge 65% from current $40,000 levels.

I admit further drawdowns are possible, but TA and chart lines can’t predict short-term price action with total accuracy. That’s why I focus on long-term, fundamentals-based investing using historical data.

And historically, bull markets occur much more frequently than bear markets for Bitcoin. This chart illustrates Bitcoin’s annual returns since inception. Huge runs of 500–2000% were common early on, before 46% and 40% retracements. Then we saw multiple consecutive years of 50–150% gains leading up to the mega 2021 bull run. The data shows a 60% higher probability of a bull versus bear market for Bitcoin.

Also, no Bitcoin bull market has ever lasted only a single year. They heat up exponentially over multi-year periods. Statistically, the odds favor being long Bitcoin here.

2. The Bitcoin Halving Is Coming

Past halving events have catalyzed tremendous Bitcoin price surges. During the first halving, Bitcoin jumped from $12 to $1,178 within a year — a 9,716% increase! From the second halving, it exploded from $657 to $19,800 in 18 months for a 2,913% gain.

The 2020 halving mid-pandemic took Bitcoin from $9,000 to $65,000 by end of 2021 — a 6x increase in under a year to its peak of $69,000.

While the sample size is still small, if the pattern continues, a 7x gain from current levels would take Bitcoin to around $138,600 for the upcoming fourth halving era.

3. A Bitcoin Spot ETF Is Likely In 2024

I believe a Bitcoin spot ETF will finally gain approval in 2024. This would unlock a floodgate of institutional demand.

It’s not just me — analysts like Bloomberg Intelligence’s James Seyffart expect an ETF approved between January 5–10, 2024. About a dozen firms have spot ETF proposals pending — Grayscale, BlackRock, Fidelity and more.

I’ve been skeptical in the past, but we’ve continued seeing crypto futures ETFs approved — VanEck, Bitwise, Valkyrie, ProShares and others just in the past year. To me, a spot ETF remains the holy grail that will bridge the gap between the traditional finance and crypto worlds.

Institutional and regulatory approval through these ETFs will bring more mainstream investor confidence. That maturity should dampen crypto’s price volatility too. I’ve seen predictions that ETFs could funnel anywhere from $14 billion to $155 billion into crypto, potentially adding up to $1 trillion to the crypto market cap.

So those are three core narratives that should continue fueling this crypto bull market. There are plenty more tailwinds, but I believe those three will be the main catalysts driving prices higher.

Limited Supply:

Bitcoin's fixed supply of 21 million coins is often cited as a key factor contributing to its perceived value. The scarcity of Bitcoin, coupled with its increasing adoption, can lead to higher demand.

Institutional Adoption:

Growing interest and investment from institutional players, including major corporations, investment funds, and asset managers, have been considered a positive sign for Bitcoin's legitimacy and long-term potential.

Hedge Against Inflation:

Bitcoin is often viewed as a hedge against inflation due to its decentralized nature and capped supply. In times of economic uncertainty or when concerns about fiat currency devaluation arise, investors may turn to assets like Bitcoin.

Store of Value:

Advocates see Bitcoin as a digital store of value similar to gold. This narrative gained traction, especially amid concerns about traditional stores of value during economic uncertainty.

Global Acceptance:

Increasing acceptance of Bitcoin as a means of payment by merchants and businesses contributes to its adoption. Additionally, the integration of Bitcoin into mainstream finance, such as the introduction of Bitcoin futures and other financial products, has been seen as a positive development.

Technological Advancements:

Ongoing developments and improvements in Bitcoin's underlying technology, as well as the broader blockchain space, can enhance the ecosystem's robustness and utility.

Growing Ecosystem:

The expansion of the Bitcoin ecosystem with developments like the Lightning Network for faster and cheaper transactions, decentralized finance (DeFi) applications, and increased merchant adoption contributes to a positive outlook.

Network Effect:

Bitcoin benefits from a strong network effect, with an ever-growing user base, developers, and miners. This network effect can reinforce Bitcoin's position as a dominant cryptocurrency.

How I’m Investing in This Crypto Bull Market

Now let me share how one of my portfolios is positioned to profit :

This portfolio got hit hard this year as I locked in some profits. A year ago it was around $80,000. Despite Bitcoin’s lows, I kept holding and saw growth in Q1 and Q2 2022. It wasn’t until October that my portfolio picked up momentum.

This past week my portfolio hit $180,000 before retreating to $165,000 today with Bitcoin’s pullback. But thanks to my long-term setup, I’m more excited than ever for the future.

Right now I’m about 75% allocated to Bitcoin and Ethereum — around $120,000 worth. These two cryptos often trend together, as the 1-year and all-time charts show. I’m slightly more bullish on Ethereum’s upside potential due to its lower market cap.

I’m staking my Ethereum to earn yields and receive tax benefits from holding longer than 1 year. At 3.46% APR, I’m earning $1,700 passively and have almost gained 1 whole ETH from staking.

The rest of my tokens are in altcoins. As the bull market matures, I plan to trade Ethereum profits into higher-risk narratives. My strategy is to keep stacking Bitcoin and Ethereum through recurring buys, regardless of price. Then I’ll trade 10–30% of Ethereum into a basket of risky altcoins — but they’ll remain less than 10% of my net worth.

Despite my bullishness, crypto is still highly risky so I don’t risk more than that. This plan ensures maximum exposure to the tailwinds around the halving and ETF narratives.

Next, let’s look at some of the top altcoins I’m watching for this bull cycle.

Investing in the crypto market requires careful consideration and a well-thought-out strategy. Here are some general principles that individuals often consider when investing in a crypto bull market :

Diversification:

Diversify your portfolio across different cryptocurrencies. Avoid putting all your funds into a single asset to spread risk.

Research:

Conduct thorough research on the cryptocurrencies you plan to invest in. Understand the technology, use case, development team, and overall market trends.

Risk Management:

Only invest what you can afford to lose. Cryptocurrency markets can be highly volatile, and prices can change rapidly. Set clear risk management strategies, including stop-loss orders.

Long-Term Perspective:

Consider a long-term investment approach rather than trying to time short-term market movements. Cryptocurrency markets can be unpredictable, and a long-term perspective may help you ride out volatility.

Stay Informed:

Keep yourself updated on market trends, news, and regulatory developments. Information plays a crucial role in making informed investment decisions.

Use Reputable Exchanges:

Choose well-established and reputable cryptocurrency exchanges for trading. Security and reliability are critical when dealing with digital assets.

Consider Fundamental Analysis:

Evaluate the fundamentals of the cryptocurrencies you are interested in. Factors such as technology, partnerships, use case, and community support can impact a project's long-term viability.

Technical Analysis:

Use technical analysis tools and charts to identify potential entry and exit points. Technical analysis can help you understand historical price movements and potential future trends.

Profit-Taking Strategy:

Have a clear strategy for taking profits. Decide in advance at what point you'll consider selling a portion of your holdings to lock in gains.

Security Measures:

Implement strong security measures for your cryptocurrency holdings. Consider using hardware wallets, two-factor authentication, and secure passwords to protect your assets.

Tax Planning:

Understand the tax implications of your crypto investments. Tax regulations may vary by jurisdiction, and it's essential to comply with reporting requirements.

Stay Disciplined:

Stick to your investment plan and avoid making impulsive decisions based on market fluctuations or emotional reactions.

My Top Altcoin Picks Riding Crypto Narratives

Coinbase Wallet unlocks the entire world of crypto. You can collect NFTs, earn yields, play games, and more. It’s available as a free mobile app on iOS and Android, plus browser extensions.

Coinbase Wallet puts you fully in control of your keys and assets. No one, not even Coinbase, can access your crypto without your recovery phrase. You can easily buy crypto with a bank account, debit/credit card, or local payment method in over 130 countries too.

Coinbase Wallet has won awards for the best crypto wallet of 2023 from Forbes and for beginners from Money and CNET. It’s been the #1 most downloaded US crypto wallet for 5 straight years. You get the best swap prices across 26,000+ coins on all major chains.

Security and ease-of-use are my top priorities, which is why I’ve actively used Coinbase since 2018. It’s meaningful to have Coinbase as the first crypto exchange I ever used now sponsoring my channel. Thank you, Coinbase!

Now back to the top altcoins I’m watching:

BRC2 Narrative

Longtime subscribers know my early involvement with NFTs before they went mainstream. Ethereum and ERC20 tokens powered the NFT explosion.

Now a narrative is emerging around BRC2 — Bitcoin’s version of ERC20 tokens. Introducing ordinal NFTs on Bitcoin has sparked interest in using its network for immutable data storage.

Rather than Ethereum, more projects could leverage Bitcoin’s dominance as the top crypto by market cap and popularity. I’m not sure if this narrative will pan out, but exposure can be gained through Ordinals (ORT) — the leading BRC2 wallet.

Play-To-Earn Gaming

By now you’ve surely heard of “play to earn” crypto gaming. Traditionally, video games have been pay-to-play — we pay for consoles, discs, in-game purchases.

Play-to-earn games let you earn crypto rewards for gameplay time. You can adjust the time-to-money ratio for fun and potential earnings.

As a lifelong gamer who grew up playing Call of Duty and League of Legends, I’ve always seen gaming as an entertaining but unprofitable time sink. Play-to-earn games promise to change that, and I believe they are the future of the $390 billion gaming industry.

Of course, developing great blockchain games takes time. But many have been in the works for years now, so we should see releases soon. I’m watching Gala Games, Illuvium, and The Sandbox — three major narrative plays from the last bull run. But it’s still risky until games launch and gain traction.

The AI Meta

AI’s potential in crypto is huge. We all know ChatGPT has taken the world by storm in 2023. I don’t see this trend slowing down at all.

“AI tokens” leverage artificial intelligence to improve blockchain user experiences, scalability, security, and more. It’s still an emerging niche, so we’ll have to see which specific projects gain adoption.

On CoinMarketCap you can browse AI and big data crypto categories, though labeling is subjective. Development of true AI cryptos is still early. As with any investment, do ample due diligence before jumping in.
Three bigger AI narrative plays are: Ankr, Graph, and Render.

Tokenized Real-World Assets

“RWAs” involve tokenizing real-world tangible assets like real estate, commodities, art, treasuries, etc. The global real estate market is worth $326 trillion and gold is $12 trillion.
RWAs aim to tokenize these into digital, blockchain-based ownership. Then the ledger tracking ownership is immutable and decentralized.

Right now there’s a disconnect between real-life asset ownership and digitization. As blockchain tech advances, we should see more blending between physical and digital across assets.

For example, cars and houses are owned through paper titles that can be lost. Blockchain could provide benefits here. If you agree, look into RWA plays like REO, AllianceBlock, or Creditcoin. It’s early days so more projects are sure to emerge.

So those are four narratives I’m watching that could fuel the next crypto bull run. Next let’s discuss how to pick the most promising crypto investments.