My Plan to Retirement using Crypto !!!

Hi there. This is my plan for Retirement using Crypto. Just started out with baby steps in March 2021. Wanted to share it with you guys.

PLEASE NOTE:
1) Crypto investment is extremely risky.
2) I am not a financial advisor.
3) I am not marketing / vouching for any of the subscriptions such as Wallet Investor, Binance, etc are good or not. Please base these decisions on your own research.
4) These are strictly my own views and do not represent any other party.

STEP 1: Start with 2 variables. Initial Capital and Time Period. I am starting with a one time investment of 2500 to 3000 dollars and a Time Period of 1 year.

STEP 2: Pick up a crypto paid/free forecast subscription such as Wallet Investor or any other which forecasts Crypto after research. Currently wallet investor offers an annual subscription of approx. 105 to 125 AUD.

STEP 3: Wallet investor offers the following for each crypto coin. A time period for the forecast (3 months, 1 year, 5 year, etc.), a crypto category (A+, A, B+, B, C+ etc.) and few other parameters.

STEP 4: Search for 6 to 10 coins having 1 year forecasts of more than 500%, 400%, 250% with 5 year forecasts 2, 3 or more times the 1 year forecasts. Ensure to check that the coin category is either of A+, A, B+, B, C+ or C.

STEP 5: For each of the 6 to 10 coins in step 4 above, go to coinmarketcap and check if the market cap of these coins is above 200 million dollars.

STEP 6: Split initial investment (2500 to 3000 dollars) and invest equally across the 6 to 10 coins, approx. 300 to 500 dollars for each of the coins selected.

STEP 7: Stake the coins bought on a staking platform such as Binance to earn an APY of between 10% to 50% for different coins over different time periods that have staking available, to earn more of the same coin.

STEP 8: 1 year down the line if any coin increases by 100 % or more, sell 20% of that coin and repeat steps 4 to 7 above in 2022.

STEP 9: Meanwhile if any coin goes down, hold it, earn more of it if staking available since the coin category is C and above with good long term potential.

Since when I’ve invested I have seen 2 coins go up around 40% and 7 others go down by 20%. But anyways I’m parked for the long term and am not looking at short term profits. God bless !!!

My Findings:

I’ve invested in 10 coins equally using above strategy in April 2021 with percentage allocations as below. I will update the change in percentages month on month around the middle of the month.

APRIL 2021: 10+10+10+10+10+10+10+10+10+10=100%

MAY 2021: 7+14+40+12+9+9+8+8+11+11=129%

Please feel free to send in your comments / suggestions !!!