How to Become a Crypto MILLIONAIRE (in One Year)! 💯 🤑 🚀

Took me nine years to become a millionaire in  crypto what I like to do is kind of like educate   people and shortcut their process based on how  many mistakes that I made it can definitely be  

Done in one year if you understand what you’re  doing the number one thing that I see people do   that are newer to crypto that have been in for  less than four years to make mistake mistake   after mistake the drains our portfolio is Ben  Armstrong is a self-made millionaire in crypto  

Author of catching up to crypto and host and  founder of one of the biggest crypto channels   on YouTube today Ben shares his top three tips  and tricks on how you can become a millionaire   in cryptocurrency in one year without further Ado  bit boy crypto great to have you on the channel  

Today my audience knows you cryptocurrency knows  you some people though are going to be thinking   you know what gives bit boy the authority  to talk about becoming a millionaire and I   don’t think they know that you started from  the bottom and now you’re here so before we  

Jump into it could you take us through how you  became successful because a lot of people don’t   know and feel free to brag a little bit yeah sure  uh I I went from zero to a hundred kind of quick  

Maybe not real quick but kind of quick uh look uh  management Armstrong I have been this is like my   biggest Flex right here what I’m about to say this  is my second decade in crypto I’m now in my second  

Decade of being in the world of crypto and that  doesn’t mean that I bought Bitcoin early and I got   rich and I’ve been sitting on an island ever since  uh it means that uh you know it took me nine years  

It took me nine years to become a millionaire  in crypto uh I went through a lot of mistakes   um I I lost all my money twice in the world of  crypto uh once through you know selling in and  

Mount gox and then later on in 2017 by riding to  the top and then going all the way back down to   the bottom in 2018. so um I’ve kind of done it all  uh you know I I now am doing very well financially  

And I’m able to kind of like invest technically  I think I’m probably an accredited investor   um by the archaic and accredited investor laws we  have in this country um but like I’m there now but  

I also was right where everybody else was you know  just a regular guy I have a family you know got   three kids I was living paycheck to paycheck kind  of stumbled into this whole world and um you know  

In my opinion it’s kind of like doing every step  along the way um you know the way that it probably   should be done by a regular person what gives  me the ability to be able to talk and connect  

With people um you know but wherever you’re at  on your journey in crypto mm-hmm so you did it   in nine years do you think it’s possible to do  it in one yeah well I mean the reality is even  

Though it took me nine years like it was really  the eighth to ninth year you know they’re really   um where I made all my money and basically what  I like to do is kind of like educate people and  

Shortcut their process based on how many mistakes  that I made because if I would have made any   mistakes if I would have made zero mistakes um it  would have taken me uh one year tops to become a  

Millionaire in crypto if I would have taken all my  money I was buying Bitcoin to spend on a software   for a business I Ran So if instead of doing that  if I’d have just bought the Bitcoin and kept it  

Then I would have been a millionaire in about  a year uh the price went from you know twelve   dollars all the way up to uh can’t remember  where it peaked out I think I sold mine around  

Three hundred dollars uh so that was about a 30  Action where I bought it my first Bitcoin purchase   um was 450 for 37 Bitcoin so about 12 bucks a  piece if I just would have sat on that in the peak  

Of the bull run this last time that alone would  have been worth uh you know three million dollars   so the the point is if you fast forwarded 2017 it  I got in I got full full time in crypto I guess  

Like all in on crypto a little bit too late inside  the Run uh in 2017 for the first half of the year   I was looking at Bitcoin like I think the price is  going up a little bit like maybe this thing isn’t  

Over because I thought Mount gox killed Bitcoin  you know in 2014 I was like ah this thing’s   over you know and I just started thinking man I  made so many mistakes I should have got more in  

But then in the back half of 2017 when the price  started really shooting up I was like I got to   jump all in right now if I would have if I would  have had the education here’s the important thing  

People didn’t understand if I would have had the  education and understood what I was investing in   I would have been able to be a millionaire like  five or six different years alone like just alone  

Like I could have said 2016 I could have become a  millionaire 2017. you know 2020 2012 2013 you know   could have been so easy for me but I made it hard  on myself because I didn’t understand and also the  

Educational resources weren’t really available  back then that they are now I remember in 2013   like trying to look up what is bitcoin I was like  who is this Japanese guy and why does he have all  

These miners on his property like I didn’t even  understand it you know so I think for really uh   you know it can definitely be done in one year if  you understand what you’re doing the problem is  

Too many people come in they just start throwing  money at ticker symbols because this guy said it’s   popular and they don’t really do the research  themselves to understand like what what’s the   difference in investing in some like [ __ ] uh  shib or Sheba and then investing in something like  

Ethereum or cardano there’s a drastic difference  but people kind of look at them the same when   they’re uneducated and I know everybody wants  you know quick tips and tricks how to become a   millionaire I think one thing everybody should  do is follow bit boy follow altcoin daily for  

The continued exposure and information because  it’s really going to come with uh more complex   understanding so make sure you follow bit boy make  sure you follow altcoin daily but with that being   said Benjamin let’s get practical let’s get doable  what what tips and tricks do you have for somebody  

Who wants who’s hungry yeah well number one like  I said get education like we’ll just that’s just   a standard you got to do number two you know  it’s very simple yet it defies the logic of  

The psychology that goes into a market Buy in the  red sell in the green and it’s amazing no matter   how many times I hear that myself so we have a  weekly portfolio video we do every Friday where   we have some sample portfolios a one thousand five  thousand ten thousand twenty five thousand dollar  

Sample portfolio we have real money in them but  they’re really just for our audience to kind of   track along and see you know if they want to mimic  those strategies they can of course they’re not  

Financial advice uh or if they want to take the  strategies that we use and kind of just kind of   you know build their own strategy around it that’s  good but one thing that’s really interesting is  

Just maybe about six weeks ago I was in Boston for  our our catching up to crypto book tour and I was   at crypto lifers house he’s another YouTuber when  I’m out of town like sometimes I like to go stream  

With some other people and so I went to his house  and I did my portfolio video that Friday from his   house and it was the day that Bitcoin was like  rocketing like stuff was flying up like ICP was  

Killing it optimism was killing it like all these  all coins were just killing it Bitcoin was like   right about 25 000 it was doing great and man it  felt good for the first time since we built these  

Strategies or these uh others back in August  they were all in the green and I was like man   this is great we are crushing it feels good let’s  wait to do something next week and then the next  

Week comes around and I said you know when I was  feeling good that’s when we should have sold like   when I was feeling good about where the portfolio  was that’s when I should have said all right let’s  

Take profits so two weeks later what happens is  same thing a bunch of projects fly up in price and   I say you know what even though it feels like this  pump is going to continue here we’re going to take  

Profits on a lot of our coins like ICP was one  that like I think we were up two or three times   on our money and so like we sold 25 of that out of  our portfolio and we bought filecoin and we bought  

Uh I believe we bought conflux with it conflux is  up 100 since we bought it so it’s this constant   game of like kind of Lily padding like jumping  from this game to this coin that’s in the red  

And then when you get back in the gains jumping  back and doing it all again I think that’s really   really a good strategy for people it’s the only  way that you’re going to take a defined amount of  

Money and turn it into the maximum amount if  you just didn’t hold you’re gonna make money   in crypto history you’ve shown that over time if  you’re in a crypt over more than four years you’re   gonna do well that’s what the stats show not  guaranteed to continue in the future but that’s  

The history so with all that being said you know  you can’t hold or huddle as we say but if you’re   selling in the green and you’re buying in the red  all the way through the cycle uh that’s when in  

My opinion you’re gonna have the optimum chance  for a success to become a millionaire it sounds   simple but like you said human psychology a lot of  people you know Miss Miss that simple thing and it  

Is hard to do because obviously it’s hard for us  yeah it’s hard for us to do even though we know it   you know yeah for sure um something else Ben is  or I have a specific thing but is there another  

Practical doable oh sure sure um here here’s  another good strategy in my opinion the the   to really gain money to become a millionaire you  really have to you got to have some good picks you   got to have probably depends on how much you start  with you start with a hundred thousand you should  

Be able to get there you start with ten thousand  you’re gonna have to have some stuff kind of fall   and break your way throughout the run where you’re  gonna have to have like a coin like Solana not not  

A great way to put money in now I think but you  know we were talking about Solana when it was a   dollar when all the way up to 250. we’re cardano  we were talking about when it was two cents it  

Went all the way up to three dollars like those  are easy wins that are gonna be able to crush your   portfolio but one of one thing people have to keep  in mind when you’re trying to become a millionaire  

Is not necessarily how are you adding but how are  you preventing your losses because that’s really   big the number one thing that I see people do that  are newer to crypto that have been in for less   than four years that make mistake mistake after  mistake the drains our portfolio is thinking to  

Yourself ah I’m just going to move over to Stables  right now right like oh bitcoin’s dropping I’m   gonna move over to Stables I’m gonna move over  to usdc and then Bitcoin will continue to drop  

And then I’ll put the money in down the road well  it’s a bear Market strategy that’s a good strategy   if you once again sell Bitcoin in the green at  the top of a market or or within 20 to 30 percent  

Of the top over to stables and you ride it all  the way down then you can really enhance your   Bitcoin Holdings I’m talking about more on the  micro level to where like oh you know this big  

Thing happened in in China where they talked about  a Bitcoin man uh ban let’s go ahead and sell over   to Stables by the time the news hits the market a  lot of times and people are starting to get that  

Idea of like oh it’s gonna go down a lot like  I need to move over to Stables that’s the best   way to lose that’s the best way to lose I’ve seen  it over I I’ve done this mistake you know several  

Several years ago 2017 2018 I made this mistake  all the time last Market I really didn’t do this   um because I learned this lesson what will happen  is is let’s say the price of Bitcoins at forty  

Thousand dollars and you see oh there’s this huge  bad news coming out about this ETF or about China   like let me go ahead and take this Bitcoin and  move it over to stables at forty thousand dollars  

And you’re hoping the price goes down to 30 or 35  and you’re able to buy back in what happens is the   news is like a delayed indicator a lot of times  it’s already been moving that direction because  

Some people some of the big players probably knew  that stuff was already baked in and what happens   is you end up moving Stables on bitcoin over  at forty thousand dollars and the price goes   to 50. instead of making money on the price of  Bitcoin moving you’ve just lost 20 of your Bitcoin  

Holdings with the same amount so I would say like  to me those are two principles that like I really   think people have got to take in number one is  buying the great or buying the red selling the   green number two be very careful moving your  money over to Stables thinking you’re smarter  

Than the rest of the market I like it and if you  guys appreciate us having the real conversations   smash the like button I’ll say it uh this is what  I’m wondering Ben and I don’t know the answer to  

This but I’m wondering your take on it does your  strategy change in the beginning versus when you   get closer to the million Mark like is there  a difference in what you’re doing in the very   beginning versus when you’re when you’re getting  close to a million or is it exactly the same  

Uh that’s a great question I I don’t think you  look being a millionaire is cool like I can’t   front like I’m not gonna Flex on y’all and be  like oh man like I wish I was a you know a 70  

000 error like no like I like being a millionaire  multi-millionaires it’s nice like it feels good   it’s years and years of validation and work  um or years and years of work validated that   got me here and so there’s a lot of cool stuff  about it however the difference between having  

Nine hundred and fifty thousand dollars and  one million and fifty thousand dollars is not   that dramatically different right so to me if once  you get towards the million dollar Mark if you’re   changing your strategy you’re not really doing  it right you should always be looking to maximize  

Your wins and minimize your losses I think  in the world of Bitcoin it’s very interesting   um because the way that the Cycles work right  like generally what we should be looking at and   you know the bear Market is beared it out no  pun intended is one year of down action which  

Is last year one years of kind of slight upward  sideways action which is this year and and then   next year about halfway through the year we  should finally start seeing things you know   go parabolic in 2025 the price of Bitcoin should  be really really really high you’re you need to be  

Operating against that timeline you don’t need  to be operating against where your money is at   that moment if you’re sending 200 000 and we’re  halfway through 2025 you’re probably not going   to get to a million at that point just with the  way that the time wise the the Cycles uh work out  

You just have to know the the more important part  is where you’re putting your money in during the   different parts of the cycle like that does change  right so right now we’re just getting into Quarter  

Two and quarter three um of this year I was told  by some big Venture Capital uh hedge fund guys   the quarter two and quarter three is when you  can look to make your best altcoin investments  

Um this is when you’re looking for like okay we  know cardano is going to win we know xrp is going   to win as long as they win the case so we know  ethereum’s going up tokenomics are phenomenal we  

Know Bitcoin is going to go up like we know we  generally know those about the top coins right   so I’ve been really encouraging people over  the last year to really be stacking up those   top coins build build now it’s time to start  looking a little further down coin market cap  

And looking at some of the niches that will  have some big Winners so Layer Two right we   know arbitrum we know optimism we know  polygon they’re going to do really well   um you know you look at some of the AI Niche you  look at Singularity agix you look at uh some of  

These other coins that uh you know fetch dot AI  maybe GRT there’s some really good ones over there   as well and so you start looking a little bit  further down in those niches and maybe find some  

Coins that you haven’t necessarily heard of that  you can do research on and find some other winners   in those niches this is the time to start doing  that quarter two and quarter three of this year  

Um so I think it’s really your strategy should  change based on where you’re at in the cycle not   based on how much money you have you know like I  I think I had a million dollars in my portfolio  

For the first time on New Year’s Eve of 2020.  so it was it was really cool like I saw plenty   of the Run left too you know we had almost all of  2021 to really get up there and it happened quick  

Like it went it was only about three months that  I turned you know I was probably sitting around I   bought a house and I think I was probably around  150 000 in crypto at that time and within three  

Months at 150 turned into uh turned into  a million so you just got to understand   where you’re at in the cycle and you have to  understand when to take profits in the cycle   when to accumulate in the cycle and then what kind  of coins to accumulate based on where you’re at  

I appreciate you coming on I think this has been  great I know the audience wants more and we’ll   give them more but at a future date so make sure  you subscribe my final thing I guess Ben is just  

You know final thoughts last piece of advice  is there one more thing or just general final   thoughts what’s going on with you for the altcoin  daily audience yeah I mean the world of crypto is   crazy there’s a lot of interesting stuff that  happens uh on a daily basis and um right now  

The thing that we’re all looking at is these  Bank runs and the insolvency of Banks and and I   think that really when you’re looking at trying to  become a millionaire like that’s great right like   everybody kind of in their heart like wants to  be at a place where you’re doing well financially  

Um you know unless you’re you know somebody that  just wants to not have any money which there’s   some certain people out there like that but when  it comes to the banks and the insolvencies this is  

Where you really start to see that crypto is about  more than just making the money you know it really   is about protecting yourself and protecting your  family for the future and when you realize like oh   yeah all banks are insolvent and that’s actually  their business plan you can learn how to start  

Opting out of this system one thing I’ve gone  through a signature bank was my bank actually   uh they’re one of the only banks that would make  me um because of uh you know different dealings  

With crypto uh you know coinbase wire and in 2020  to buy a house is actually what uh BB T used to   close my bank accounts and so I’ve been looking  for a way to kind of opt out of the banking system  

And I think with the last a couple of weeks have  shown is that crypto is great you can make money   with crypto but it’s about more than that and  it’s about can you actually make the move and  

Opt yourself out of an archaic broken system and  that’s when I’m on the on the uh you know the   course to do right now so I’m not getting a new  bank account I I’m you know when signature close  

My account it’s done and I’m gonna be learning how  to live crypto only so really suggest everybody   else like if that’s not your plan that’s fine  but really I encourage everybody when it comes   to education not don’t just get educated about  crypto and how to make money get educated on  

What this whole thing really stands for and uh  why so many of us so passionately believe in it

How to Become A Millionaire in One Year | Crypto Edition

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Timestamps:
0:00 – How to Become A Millionaire in 1 Year
0:54 – How Bitcoin made his first million
2:36 – Is it even possible to become A Millionaire in 1 Year?
5:17 – Bitboy’s #1 Best Tip
8:42 – Bitboy’s #2 Best Tip
11:42 – Bitboy’s #3 Best Tip
15:33 – Bitboy’s Final Advice

**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin.

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Most of my crypto portfolio is Bitcoin, then Ethereum, but I hold many cryptocurrencies, possibly ones discussed in this video.

Coins I hold or will hold more than $1k worth (in no particular order): BTC, ETH, ADA, SOL, DOT, AVAX, EGLD, MINA, SUPER, FEAR, VPP, XCAD, RUNE, XDEFI, OPUL, LINK, RFOX, INJ, XPLOT, REALM, NIF, VPAD, SENATE, SIDUS, FORM, DON, CELL, BICO, SIS, MATIC, IMX, METIS, BNB, MANA, SAND, THETA, TFUEL, GMT

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