A More Disciplined Approach to Investing in Cryptocurrency with Kathy Vu

Really Simple Investing Podcast

May 26 2023 • 27 mins

Contacdt Kathy At: https://www.simplebitcoinplan.com

Are you interested in investing in cryptocurrency but unsure about where to start?

Kathy Vu, is a mother of four who invested in bitcoin and cryptocurrency and created a newsletter called the Bitcoin Newsletter.

In this episode Kathy shares her background and how she got into investing in cryptocurrency, her disciplined approach to investing, and her insights on the cycles of cryptocurrency and how to follow trends in the market.

Her newsletter, which provides tips and advice on how to accumulate cryptocurrency at better prices, and emphasizes the importance of discipline and patience when investing in cryptocurrency. The episode provides a helpful introduction to cryptocurrency investing and highlights the potential benefits of including it in a diversified portfolio.

Kathy shares her experience investing in cryptocurrency, her disciplined approach to investing, and her insights on how to follow trends in the market.

Kathy explains that like many investors, she was advised to invest in the stock market after graduating high school. However, her investments suffered during the dot-com bubble and the financial crisis, leaving her worried about her retirement and future. She tried other investment options such as real estate and precious metals, but they didn't work out for her. Eventually, she turned to cryptocurrency, starting with bitcoin in 2017.

Kathy talks about  the cycles of cryptocurrency and how bitcoin, with its extensive history, is easier to follow than other cryptocurrencies. We also talk about the importance of following trends and trend lines in the market. Kathy's newsletter provides a broad overview of what's going on in the cryptocurrency space, tips, and advice on how to accumulate cryptocurrency at better prices.

When the price of Bitcoin rises, Kathy recommends taking some profits off the table and investing in a stable coin, which is pegged to a more stable asset like the US dollar or gold. This helps to maintain the value of the investment during volatile market conditions. She suggests using stable coins like USD Coin (USDC), Paxos (PAX), or Dai (DAI).

Kathy's  keeps focuses on a long-term investment strategy, recommending buying bitcoin when the price is lower and accumulating more over time.

Overall, Kathy emphasizes the importance of discipline and patience when investing in cryptocurrency, and suggests being aware of the cycles of cryptocurrency and how to time investments in the market.

If you're interested in learning more about investing in cryptocurrency, check out Kathy's newsletter at SimpleBitcoinPlan.com. As Kathy says, "Bitcoin is a valuable asset to hold in a portfolio. It's more secure, faster, and cheaper than traditional currencies, and its global growth over the past decade is a testament to its value."

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