Ben Simpson explains his crypto profit strategy: he treats Bitcoin as the primary leading indicator for altcoin performance, gives specific Bitcoin price targets for the cycle (mentions ~112,000 USD and a range of 150,000–180,000 USD), forecasts large potential altcoin gains during Bitcoin's final euphoria phase (100%–500%), and describes a profit-taking approach of selling 10–30% chunks on the way up rather than trying to time the exact top.
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I've never sold the exact top in crypto, but I've still made seven figures. Here is the strategy now everyone wants altcoin picks. How high will your altcoins will go? For me it all comes down to bitcoin. If bitcoin is not heading up, then altcoins not heading up either. It all relies on bitcoin. This is my leading indicator. I believe at the moment around 112,000 USD. We're going somewhere between 150 and 180,000 USD this cycle. Now, depending on when these peaks happen, this last little period here or up to 180 is going to be the most euphoric in terms of altcoins. It could be a month either side. But this period here, once we get past 150 upwards to 180 is about the time when my indicators are going to be going off for altcoins. This move here could be 30% for Bitcoin all right, but altcoins could be like 100% to 500% depending on how crazy it gets. That last little period for bitcoin is the movement that altcoins need. That the retail come in and the euphoria starts. This is where I'm taking my profits on the way up, right? I usually take 10 to 30% chunks as we go up. I'm not going to sell a lot of my bitcoin, but these are the periods of the time that gives me an indication of when to sell my altcoins. Take chips on the way up, don't sell it all at once. Everyone tries to be a hero. Trying to pick the top is next to impossible. So de risk on the way up. And that is my strategy to make millions in crypto.
