By Corey Chambers, Founder of Entar® ( exclusively for Paid Subscribers of the Entar Investment Newsletter ) | This is an excerpt from a paid newsletter promoting Bitcoin as an investment. The author, Corey Chambers, highlights the potential benefits of investing in Bitcoin, citing its high return on investment compared to other assets. He emphasizes the importance of understanding the technology behind Bitcoin and conducting due diligence before investing. The author also cautions against common mistakes, such as using unreliable exchange platforms or mismanaging private keys.
When it comes to high-stakes investments, the stories of miraculous gains and costly errors form the two halves of a coin. That coin, for the past 14 years, has been Bitcoin. From whispers in niche tech forums to front-page news on financial dailies, Bitcoin’s journey from an obscure digital experiment to the apex of investment returns is a tale as wild as it is instructive. For those of us who straddle the line between real estate magnates and digital pioneers, understanding this phenomenon is a necessity, not an option. | 🎙️ AUDIO PODCAST 🔊
Bitcoin Billions or Bust: A Table of Contents
Source: Preview of article called Bitcoin Billions or Bust by Corey Chambers, Founder of Entar (exclusively for paid subscribers of the Entar Investment Newsletter)
I. Introduction: The Bitcoin Phenomenon
- Briefly introduces Bitcoin and its unprecedented ROI over the past 14 years, positioning it as the superior investment choice compared to traditional assets.
- Highlights the article’s aim to equip readers with advanced strategies for safeguarding their Bitcoin investments and maximizing profitability.
II. Bitcoin Miracles: Success Strategies
- Details the author’s background and expertise across diverse fields relevant to Bitcoin, emphasizing how this knowledge facilitated his successful navigation of the cryptocurrency market.
- Underscores the importance of due diligence, experimentation, and continuous learning in the Bitcoin space.
III. Bitcoin Mistakes: Lessons Learned
- Shares personal experiences of missteps and challenges encountered during the author’s Bitcoin journey, offering valuable lessons for readers.
- Covers incidents like investing in the now-defunct Mt. Gox exchange and losing Bitcoin due to a double-spending error with a paper wallet.
- Provides actionable advice on mitigating similar risks, such as moving funds from old exchange wallets to more secure storage options.
IV. Bitcoin Investment Philosophy: The 101% Approach
- Advocates for an “all-in” approach to Bitcoin investment, suggesting that committing beyond 100% is the key to unlocking maximum gains.
- Offers insights on timing the market effectively, identifying optimal buy and sell points to capitalize on Bitcoin’s price fluctuations.
V. Entar Network: Exclusive Access and Expertise
- Promotes the Entar Investment Newsletter as a valuable resource for individuals seeking to master Bitcoin investment.
- Details the newsletter’s usual cost ($500) and highlights the exclusive free access offered to members of the Entar Network.
- Provides contact information for inquiries and membership.
The Miraculous Ascent of BTC: Lessons Learned
When I first approached Bitcoin, I had a unique advantage: a background forged in tech, programming, cryptography, IT, and the entrepreneurial grit from launching ventures like Entar. Navigating this brave new world of decentralized finance was, for me, an exhilarating deep-dive into a convergence of interests. With a libertarian spark and a thirst for innovation, Bitcoin quickly became less of a currency and more of an ideological statement—an answer to rigid banking norms and centralized control.
1. Due Diligence is the Compass
My experience taught me that meticulous due diligence is the North Star of any venture. Understanding the intricacies of Bitcoin’s blockchain, mining algorithms, and cryptographic integrity became as second-nature as checking interest rates in traditional markets. Unlike the volatility of Wall Street, Bitcoin’s chaotic charm required—and rewarded—continuous learning. From whitepapers to online think tanks, I soaked in every byte of information.
2. Testing the Waters
There’s wisdom in dipping a cautious toe into turbulent waters. My initial investment in Bitcoin was modest—a small, experimental sum that let me test the market without succumbing to panic during its tempestuous dips. Experimentation proved invaluable, especially as BTC’s sudden surges validated my belief that this was not just another passing fintech trend. It was an earthquake shaking the pillars of finance.
3. Endless Learning
The learning never ends. While other assets like real estate settle into cycles of predictability, Bitcoin’s evolution demands constant vigilance. New developments in blockchain scalability, the rise of NFTs, and DeFi protocols shape the way Bitcoin is understood and utilized. This dynamism kept me not only informed but adaptable, ready to pivot or stay the course as needed.
The Price of Missteps: Costly Lessons Learned
No journey is without its share of misfortunes, and mine was no exception. For every high, there’s a moment that makes you sigh and mutter, “If only…”
1. The Mt. Gox Gambit
Yes, I was one of those investors who put money into Mt. Gox. The once-dominant Bitcoin exchange turned out to be the Icarus of crypto hubs, flying too close to the sun before plunging into scandal. Was it a mistake? Perhaps. But in hindsight, the forced illiquidity actually protected my holdings when it mattered most. It was a vivid reminder that in this realm, fortune sometimes favors those who are denied the option to panic-sell.
2. The Paper Wallet Paradox
Paper wallets are secure—until they aren’t. Losing most of a Bitcoin by reusing an old paper wallet still stings. If there’s one piece of advice I’d shout from a mountaintop, it’s this: move old exchange paper wallets to fresh storage devices or newly minted private wallets. Once compromised, always compromised. Cyberthieves love nothing more than a wallet that’s been picked through twice.
3. Missing the ‘All-In’ Moment
Here’s the lesson that makes the heart ache: not going all-in. Even after recognizing Bitcoin’s potential, I kept a cautious percentage in traditional assets. What I would give to go back and whisper to myself, “101% or bust!” Yet the most painful moments fuel the most profound growth, and I carry that wisdom forward—teaching others that sometimes, the riskiest move is playing it too safe.
4. Spending Bitcoin Too Early
Ah, the classic miscalculation: spending Bitcoin before it turned into the 15-million-percent ROI juggernaut it is today. We all have that story—a Bitcoin pizza, a fancy dinner, or in my case, a few early real estate experiments paid with BTC. If only I’d known. Then again, hindsight is 20/20, and in the crypto world, it’s worth a million bucks (or a few thousand BTC).
Bitcoin: King of Investments
Despite the bumps along the road, Bitcoin remains unrivaled. It’s outperformed stocks, bonds, real estate, and commodities, skyrocketing an estimated 15 million percent since its inception. The ultimate question isn’t just “How did we get here?” but “Where do we go next?” Knowing when to buy, hold, or sell is what separates a passing enthusiast from a true digital mogul.
Protecting Your BTC and Maximizing Profitability
With Bitcoin, advanced protection methods are not just optional; they’re essential. From cold wallets to multi-signature solutions, understanding how to secure your investment is as crucial as knowing when to enter or exit the market. These practices, along with disciplined analysis and continuous monitoring, can spell the difference between a “Bitcoin Billion” story and a cautionary tale.
Join the Entar Network
Want more insights, deep-dive strategies, and insider secrets to maximize your investment potential? The Entar Investment Newsletter is your go-to resource. Normally priced at $500, we’re offering it free for members of the Entar Network. Dive into the future of finance and real estate with us—call 213-880-9910 or email corey@entar.com for access.
Bitcoin can be a miracle or a misadventure. At Entar, we ensure you’re poised for the former. Don’t miss your chance to ride the wave with a team that’s seen it all and is ready for what’s next.
Corey Chambers, founder of Entar and veteran of real estate and investment circles, invites you to be part of the conversation that shapes tomorrow’s fortunes.
a few chronological points:
- Early 2009 (Estimated): Bitcoin is created.
- April 2013: Corey Chambers begins learning about and investing in Bitcoin. He mentions “due diligence” and “experimenting/testing the market,” a period of research and initial investment.
- April 2014: Corey experiences the Mt. Gox incident, losing several bitcoins. Putting money in “after it was shaky,” indicating an awareness of issues before its eventual collapse in 2014. But, Corey enjoys a very significant profit from a large number of Bitcoins, improving his financial security for many years.
- October 2020: Corey loses less than one Bitcoin due to a re-use mistake with an old paper wallet. This occurred before wider adoption of hardware wallets and improved security practices.
- Present Day: Corey Chambers promotes his Entar Investment Newsletter, leveraging his experience and claiming Bitcoin as the “king of all investments for about 14 years.”
Cast of Characters
- Corey Chambers: Founder of Entar and author of the Bitcoin Billions or Bust newsletter.
- Background in technology, finance, and libertarianism.
- Early adopter of Bitcoin, experiencing both successes and failures.
- Aims to educate others on profiting from Bitcoin.
- Mt. Gox (Mentioned): A now-defunct Bitcoin exchange that suffered a major security breach and bankruptcy in 2014. Corey Chambers invested in Mt. Gox despite its shaky status, highlighting the risks of early cryptocurrency markets.
Bitcoin Investment FAQ
1. What background knowledge is helpful for understanding and investing in Bitcoin?
A diverse range of knowledge is beneficial, including:
- Technology: Programming, cryptography, electronics, IT, and computer networks.
- Finance: Economics, banking, payment processing, and investing.
- Other: Libertarianism and entrepreneurship.
This background aids in comprehending the technical complexities of Bitcoin, its financial implications, and its potential to disrupt traditional systems.
2. What are some common mistakes Bitcoin investors make?
Common pitfalls include:
- Using unreliable platforms: Depositing funds on shaky exchanges like the infamous Mt. Gox.
- Mismanaging wallets: Losing Bitcoin due to double-spending or losing access to old paper wallets.
- Failure to invest sufficiently: Not committing a significant enough portion of funds to fully capitalize on Bitcoin’s growth.
- Prematurely spending Bitcoin: Missing out on potential future gains by spending Bitcoin too early.
3. How does Bitcoin’s return on investment (ROI) compare to traditional assets?
Bitcoin has outperformed traditional investments by a significant margin over the past 14 years, boasting an estimated 15 million percent increase in value. This dwarfs the returns typically seen in real estate, stocks, and bonds.
4. What strategies can maximize profitability in Bitcoin?
Advanced strategies include:
- Secure storage: Implementing robust methods to protect Bitcoin holdings from theft and loss.
- Strategic timing: Identifying optimal buying and selling opportunities based on market analysis and trends.
5. How can I learn more about advanced Bitcoin investment strategies?
Consider subscribing to the Entar Investment Newsletter. The newsletter provides expert insights on Bitcoin investing and typically costs $500, but is offered free for a limited time to members of the Entar Network.
6. What is the Entar Network and how do I join?
Details about the Entar Network and membership benefits are not explicitly stated in the provided source. Further information may be available by contacting Entar directly.
7. Who is Corey Chambers?
Corey Chambers is the founder of Entar and the author of the “Bitcoin Billions or Bust” article. He appears to possess extensive knowledge of Bitcoin and investing, offering guidance through his newsletter.
8. How can I contact Entar for more information?
Contact information for Entar is provided as:
- Phone: 213-880-9910
- Email: corey@entar.com
Get the $500 newsletter free when you join the Entar®Network! Fill out the online form.
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