Mt.Gox Exchange Launch & Early Trading
Wire money to Mt.Gox, buy BTC at $0.05, immediately withdraw to cold storage.
Preparation
In July 2010, have a few thousand dollars ready in an international bank account capable of wire transfers. Register on the newly launched Mt.Gox exchange.
Execution Steps
Wire USD to the platform. In late 2010, Bitcoin was trading between $0.05 and $0.50. Use your capital to sweep the order book. With just $5,000, you can act as an early whale, accumulating tens of thousands of BTC from early miners cashing out.
Exit Strategy
A matter of life and death: Mt.Gox is historically infamous for being hacked and going bankrupt in 2014. You MUST follow this absolute rule: The moment your buy orders execute, immediately withdraw the BTC to your own local desktop wallet for cold storage. Never leave funds on the exchange overnight. Hold these aggressively cheap coins for the massive bull runs of the coming decade.