RETURN TO ARCHIVES
CLASSIFIED DOSSIER // DECLASSIFIED

Bitcoin First $1,000 Run Up

Capital Req:capital_medium
Entry Window:2013-01 to 2013-10
Exit Window:2013-11
Execution Directive:

Accumulate BTC in early 2013, sell aggressively at $1000+.

Preparation

  1. Register on early exchanges like BTC China or Mt.Gox and set up fiat funding.
  2. Learn cold storage basics using Bitcoin Core.

Execution Steps

  1. Accumulate BTC aggressively throughout early 2013 when prices range between $10 and $100. Store everything offline.
  2. The shutdown of the Silk Road in Oct 2013 causes a flash crash to $109—this is the ultimate final entry point. Buy the dip.
  3. Hold through the November mania as mainstream media coverage fuels an unprecedented global retail FOMO.

Exit Strategy

  1. Around Nov 29, as BTC breaks $1,000 (peaking near $1,200), the market reaches absolute euphoria.
  2. Transfer coins to the exchange and market sell your entire stack.
  3. CRITICAL: Withdraw all fiat to your bank account immediately! Do not leave funds on Mt.Gox, which will collapse in Feb 2014 due to a massive hack.