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You want to get “rich fast”, but you’re taking the wrong bets.
Low Risk/High Reward = you might lose a little and will be OK, but if you win…it’s BIG.
These types of bets are not equal. The proper term is “Asymmetric Bets”, but I like to
call them “Uneven Bets”. I think it’s easier to understand at first (and it sounds cooler).
Most people chase high risk/high reward opportunities in crypto, and when you lose
these, it can ruin your life. Literally.
Obviously we want Uneven Bets, where if we lose, we are OK. We want to find them
quickly.
Because it’s a new industry that many don’t know about yet. It’s small. It’s volatile.
When too many people find out about a low risk/high reward bet, it will eventually turn
into a low risk/low reward bet.
Everyone knows Apple is a great company. People are confident in Apple’s staying
power.
It’s a low risk investment. It’s also a low reward because it’s obvious.
Will you lose all your money in Apple stock? Likely not. But the upside is small. With a
$3 trillion market cap, you’d be very lucky to get even a 2x with Apple stock.
This usually means you must take high risk. But we don’t want that. We are in the
business of low risk/high reward.
Uneven bet opportunities don’t happen often. They are rare. Although they happen
more often in crypto than other established industries.
Your goal is to spot them right away when they do appear. Because a moment later,
they’re gone.
This can only be done if you’re looking in the right places at the right times.
You become a better crypto detective, learn where to look, and suddenly these bets are
in front of you.
The term “Low Risk” is subjective. Uneven bets are very personal.
➔ If someone makes 100k a year and puts $200 into an uneven bet and loses it all,
fine. Low Risk.
➔ If someone makes 1k a year and loses $200 on a bet, they are REKT. High Risk.
➔ Some people make $300k a year and have $300k in expenses, so even for them,
$5,000 into these Uneven Bets may not actually be “low risk”.
Be cautious when you hear others say “yeh I only put in a small amount, $400”.
The key is income/cash flow. Simply, you’ll have more money for these bets
Assume you will lose the majority of these potential high reward bets. And that’s
OK. That’s how the game is played.
For Example:
By placing 10 uneven bets, you’d be lucky to win 2. Even 1. Those 2 wins can make up
for the other 8 losses, and much more…much more.
But one can only make 10+ uneven bets with “low risk” successfully if:
1. They have income/cash flow
2. Enough left over to gamble after life expenses and responsibilities.
3. Find these opportunities immediately.