Warren Buffett made his first $100,000 in the 1950s (during his 20s) when he was still managing his own capital.

$100,000 in 1950 is roughly $1,100,000 in 2021, so I think this would be a good case study.
So how did he do it? Let’s take a look at what he said…

“If I was running $1 million today, or $10 million for that matter, I’d be fully invested.

Anyone who says that size does not hurt investment performance is selling.

The highest rates of return I’ve ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But I was investing peanuts then. It’s a huge structural advantage not to have a lot of money.

I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that.”

You know the insurance company GEICO?

When Buffett was 20 years old, he visited GEICO’s headquarters to do due diligence, and 2 days after talking with management, he put 75% of his net worth into GEICO.

Because Buffett wanted to grow his capital as quickly as possible, he focused on finding a few great companies and invested as much money as he can into them.

He had no rules on position sizing nor diversification. In fact, the more he liked a stock, the more he buys.

Now, ask yourself… Do you have the guts to allocate the majority of your net worth into a very concentrated portfolio?

Anyway, to multiply your capital as quickly as possible, you have to invest in asymmetric (low risk, high reward) opportunities…

Now, I’m not saying you should invest in Bitcoin, but the diagram above is a good illustration of what asymmetry means.

Most people assume that investing in asymmetric opportunities comes with more risk, but this can’t be further from the truth.

If you are risking every dollar for a 10x potential return, you can be wrong 9 out of 10 times and still break even. Those are insanely great odds!

Because great investors know they will be wrong on a lot of their investments, they always position themselves so they can be wrong the majority of the time and still make a huge amount of money.

I know someone who started out with ~$10,000 in 2009 and now has ~$5M in 2021, just from investing in assets with asymmetric upside.

I’m not saying he didn’t add more capital over the years, but the guy doesn’t even have a full-time job. He simply finds undervalued and “hidden” assets, and if the opportunity is actually really good, he pours most of his capital into those companies.

While turning $1,000 to $1,000,000 may seem impossible, it’s not all that difficult to turn $10,000 to $1,000,000 in 10 years or less, especially if you were to make concentrated bets on high-conviction trades with asymmetric payoff.
"I hope you've found this Article helpful".
🚀My followers will get rich in this bull run, you will not regret following me. 🥳💸💸
🚨Remember: Being patient makes you more money in crypto! 💰
💸"Note: If you find my post helpful, please follow my Binance page @Cryptodragon_92 for more updates and consider giving it a like."🚀✨✨
💵Note :Not financial advice dyor before investing in any projects .😊
💫Like👍🚀+Follow🚀 💫
🚨Disclaimer:
The content provided in this article is strictly intended for informational purposes. Nothing said in this article is financial advice. It is important to proceed with caution and diligence when using cryptocurrencies. Always invest what you are prepared to lose and remember that you are entirely responsible for your assets and investments. The author and the publication do not endorse or recommend any of the cryptocurrencies, protocols or strategies in this article.
#WarrenBuffett #BTC #etherreum #BinanceSquareFamily

$BTC

XRP price forecast: XRP has seen a notable decline in the past 24 hours. XRP price is trading at $0.4997, showing a 4.60% drop from the previous day. XRP is hovering below $0.5 after experiencing a sharp decline. The market cap now stands at $27 million ranking it seventh.
The trading volume surged by 102% to $2.3 billion, indicating increased activity despite the price drop. The circulating supply of XRP is 55 billion, representing 55% of the total supply.
"XRP Price Forecast: Will the Bulls Regain Control?
XRP has experienced a modest 3% decline over the past week, continuing a gradual downtrend with recent consolidation. This week, XRP has traded within a narrow range, highlighting the ongoing battle between bulls and bears.
Most cryptocurrencies are trading in red candlesticks, with slight market corrections and pullbacks. BTC has dipped below $70,000, while Ethereum is trading below $3,700, impacting other coins like the price of XRP.

The price has increased by 3.68%, fluctuating between $0.52 and $0.47. This tight trading range underscores the current struggle for market dominance. Over the past month, XRP has seen a 4% decrease, indicating a bearish trend.
"XRP Price Forecast: Whale Activity and Market Sentiment"
XRP saw significant whale activity on Binance in the last 24 hours, with nearly 77 million XRP bought. Whale Alert, an on-chain transaction tracker, reported that three whales acquired 76.9 million XRP from Binance via three transactions. Two of these whales have previously bought similar large amounts of XRP.
Despite XRP’s recent price drop below $0.52 support, the whales’ continued accumulation indicates potential bullish movements. This activity comes amid ongoing sluggish performance, likely influenced by the Ripple Labs vs U.S. SEC lawsuit. Nonetheless, the consistent buying suggests a possible future price increase for XRP.
"Technical Indicators Signal Mixed Prospects"
Investors are closely watching the $0.5 support level for XRP. If the market maintains this level, the price could climb to $0.55 within the week. A breakthrough at this resistance might pave the way for XRP to reach the $1 mark soon after.
However, XRP might drop to the $0.48 support level if bearish pressure increases. Further decline could push the price to $0.45, indicating a more significant market pullback. This scenario would reflect a considerable shift in market dynamics.
The daily technical indicators for XRP reveal mixed signals. The Relative Strength Index (RSI) stands at 37, indicating that XRP is moving towards oversold territory. The Awesome Oscillator (AO) is at -0.0072, showing bearish momentum as the histogram bars are predominantly red.

The MACD indicator shows bearish momentum, with the MACD line (blue) moving below the signal line (orange) at -0.0019, indicating a continuation of the downward trend. The histogram suggests increasing selling pressure. The Average Directional Index (ADX) stands at 19.60, suggesting a weak trend. 
"I hope you've found this Article helpful".
🚀My followers will get rich in this bull run, you will not regret following me. 🥳💸💸
🚨Remember: Being patient makes you more money in crypto! 💰
💸"Note: If you find my post helpful, please follow my Binance page @Cryptodragon_92 for more updates and consider giving it a like."🚀✨✨
💵Note :Not financial advice dyor before investing in any projects .😊
💫Like👍🚀+Follow🚀 💫
🚨Disclaimer:
The content provided in this article is strictly intended for informational purposes. Nothing said in this article is financial advice. It is important to proceed with caution and diligence when using cryptocurrencies. Always invest what you are prepared to lose and remember that you are entirely responsible for your assets and investments. The author and the publication do not endorse or recommend any of the cryptocurrencies, protocols or strategies in this article.

🚨But many have started to doubt this and are ready to drop their bags.Do you realize you're giving up numerous 100x?
🎇Get ready for some truth bombs

🪩AI industry in crypto is still in its early stages.
When compared to the DeFi hype of 2021, it becomes apparent that we are still at the beginning of this journey.
The primary reason why the industry is poised for further growth:
➜ Blockchain technology is becoming more mainstream, with many AI projects leveraging blockchain already making real-world impacts.

While we see the token prices of many AI projects falling and many crypto people getting frustrated that the AI ​​narrative is losing ground.
Nvidia, led by Jensen Huang, announced its plans for the future at COMPUTEX 2024.
➜ This gives the most bullish signals to the entire AI sector.

🌟I want to take a closer look at some of the AI ​​projects and advancements that Nvidia unveiled yesterday at a conference in Taiwan, and try to understand how this will impact the crypto industry.
🪩Nvidia Earth-2
Nvidia Earth-2 is a digital twin of the Earth, an AI project that allows you to model the Earth and predict the future of the planet.
This helps prevent disasters and adapt to climate change. The platform collects and analyzes weather and climate data from various sources, including archives and modeling results.
➜ The result is an interactive cloud visualization of weather and climate data.
🪩Nvidia Inference Microservices
Nvidia Inference Microservices (NIM) is now available to developers, allowing them to create AI projects in minutes.
NIM is a set of smart services that make life easier by quickly and seamlessly deploying important artificial intelligence models. They work in the cloud, in data centers, or on powerful GPU-enabled computers. So, you can quickly tap into the full power of artificial intelligence without any hassle.
NIM is available in different versions for different domains, such as physics, languages, visualization, and healthcare.

🪩Nvidia Ace
Nvidia Ace is a suite of digital human technologies that enable the creation, animation, and control of realistic digital humans.
Digital humans are virtual agents that can interact with people like real people and can be used in a variety of industries, such as customer service, advertising, and gaming.
🪩Project G-Assist
The G-Assist project is a personal AI assistant that provides support in games and PC applications.
It can analyze the contents of the screen, understand the context and suggest strategies for winning the game, identify player errors or help with creative tasks.
🪩AI Robots
We shouldn't forget about AI robotics, in which NVIDIA plays a leading role. At the conference, the company revealed that top players in robot development are embracing the NVIDIA Isaaс robotics platform. They're using it to explore, develop, and build the next wave of AI-driven autonomous machines and robots.
NVIDIA Isaac is a robotics platform that offers tools and technologies for developing AI-driven autonomous machines and robots.

I am of the opinion that the AI ​​sector is at an early stage of its development.
The recent presentation of NVIDIA, the leader of the sector, showed that the company has many ideas, developments and products that the market will need, which means that the capitalization of AI will grow.

➜ The adaptability of AI spans different industries like DePIN, Gaming, and more. AI-driven initiatives offer numerous advantages over traditional methods, propelling ongoing progress in these technological fields.

$NVIDIA, a stock market company, but has a lot of beta plays in the crypto market.
For years, the stock garnered little interest and traded at $5. But now, its price has surged to $1100.
This surge indicates a growing interest from major investors in the AI industry, with Nvidia being a key player in important developments.

"I hope you've found this Article helpful".
🚀My followers will get rich in this bull run, you will not regret following me. 🥳💸💸
🚨Remember: Being patient makes you more money in crypto! 💰
💸"Note: If you find my post helpful, please follow my Binance page @Cryptodragon_92 for more updates and consider giving it a like."🚀✨✨
💵Note :Not financial advice dyor before investing in any projects .😊
💫Like👍🚀+Follow🚀 💫

🚨Disclaimer:
The content provided in this article is strictly intended for informational purposes. Nothing said in this article is financial advice. It is important to proceed with caution and diligence when using cryptocurrencies. Always invest what you are prepared to lose and remember that you are entirely responsible for your assets and investments. The author and the publication do not endorse or recommend any of the cryptocurrencies, protocols or strategies in this article.