Can Trading Only Bitcoin Make You Rich? Read Tola’s Crypto Short Story
If this is what you are doing, it will make you look scary to people, trust me.
I like to share a short story with you, it is the life story of my friend.
We share the same crypto mentor in the sense that we were trained and mentored by the same OG way back in 2016.
I will use Tola to represent his name because of his privacy.
From 2017 to 2018, the market experienced a massive bull run, and everyone got decent profit from their crypto investments.
Somehow, due to lack of experience, we lost more than 70% of what we earned to bear.
Altcoins bled massively and many of them disappeared completely on coinmarketcap and exchanges.
Yes, it was this bad.
It was bad to an extent that I could no longer afford to pay my rent.
The story of how I recovered and bounced back will be shared with you later.
I don’t want to take your focus away from Tola.
He also lost thousands of dollars to the bears.
For some reason, he realized that Bitcoin was able to withstand the bearish market better than other cryptocurrencies.
It had over 50% dominance over the entire crypto market during this period.
Tola woke up one day and decided to convert all his altcoins to either BTC or USDT.
He took a vow that he will never trade any other pair again except BTC/USDT pair.
I have no idea why he lost interest in the other coins, but he kept saying that Bitcoin is the only true cryptocurrency in the world.
I guess the bear has caused him so much pain to an extent that he became Bitcoin maximalist by fire by thunder😄
Well, I am not going to say that his statement is a fact, but he has taken his decision as a man, and we have to respect that.
Guess what? He never went back to altcoins no matter how promising they appear.
I don’t know about his private life, but I have never seen him trade any other coin aside from Bitcoin.
We now refer to him as Mr. One Coin.
Lols, I will gist you about my experience with Onecoin too:)
In 2022, Tola told us about his plan to own a microfinance bank like Kuda.
Do you know how much is required in Naira to obtain a license and deposit funds for the capitalization of a Microfinance bank in Nigeria?
That’s an assignment for you.
Right now, Tola is BTC oracle, he has been trading it consistently for 4 years and this has turned out to be highly profitable to him.
His belief, conviction, and desire to stick to one coin have turned out to be a blessing.
All of us, including our mentor, now look up to him for weekly reviews of Bitcoin.
Listen, I am not saying that you should become the next Tola.
But what shall it profit a man who spends the rest of the year trading 100 types of coins but has nothing to show for it by the end of the year?
Be wise. Tola’s story is a piece of evidence that you don’t need to trade too many pairs in order to become rich in the financial market (crypto, forex, or stocks).
Whichever one you focus on, it shall make you rich.
Except I am running a bot, I like to stick with a few pairs. You should notice this by now.
I tried Tola’s principle on the forex market by focusing only on Gold but with the Ijakadi strategy.
To be honest, it has delivered a great result so far.
And I have a personal conviction that it will enrich my students in the same way.
Just one coin, one pair can make you reasonable money in the financial market.
I believe that those who behave like Tola are monster traders and they look scary.
Do you want to be the next Tola?
Do you think that Tola’s principles cannot work for you?
Reply to this letter and let me know what you think.
Please feel free to share this letter with your friends.
Ojeniyi Ayobami Abimbola is your guy that teaches crypto in simple Nigerian English.
I love you😍
Wait for a second
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About the Author
Ojeniyi Ayobami Abimbola has been trading cryptocurrency since 2015, and he is a blockchain content creator and a crypto coach at Cryptoniche. You can connect with him at: https://t.me/cryptoniche_hangouts
Connect with him on Twitter: https://mobile.twitter.com/ojeniyi_ayobami
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