Shamath Palihapitiya, one of the former executives of Facebook, who caused a sensation earlier after he stated that Facebook will destroy society and human relations.

However, in this article, we will not talk about his disagreement with Facebook, but we will discuss how he achieved and earned 10 billion dollars after his successful investment in Bitcoin.

Investor Chamath Palihapitiya made a big bet between 2012 and 2013 to acquire more than 1 million bitcoins at $80 at the time.

His basic strategy is to distinguish between successful investment, how to manage risks, and to delve deeper into the asset to invest in and hit For example:

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Don’t mix things up.

Being the cool kid in high school, which is rare and everyone wants to know the secret, and there’s something similar to this cool kid’s fame but in a negative way and it’s like going to the prom with your mom, as everyone talks about it, but not in a positive way.

Palihapitiya explained that investing is about knowing what product you are investing in, even if it is unknown.

In this sense, he referred to the “MOIC” (Double Capital Invested) indicator.

Palihapitiya said that big investors focus on slow percentageThat is, they know their investments and can add more money, take advantage of the risk or risk it.

He concluded that large investors know that it is more important to have a good winning investment, than to have many stagnant or non-winning investments.

He added:

Take the time to understand what you own.

Dig deep so that you can be within the object and intellectually integrated with it.

If you have that level of conviction, you will scale and add appropriately and let your slowdown do all the talking.

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For example, I’ve made some great bets before but nothing quite compares to my 2012 bitcoin bet and scaling…

slow rate!!!!

PS, HODL. 😉

– Chamath Palihapitiya (chamath) September 23, 2020

As we mentioned at the beginning of the article, Palihapitiya worked for tech giants such as AOL and was a senior executive at Facebook in its early stages.

Read:Transferring 1 billion dollars of bitcoin from a popular wallet to unknown addresses

When Satoshi Nakamoto published his Bitcoin white paper in 2009, Palihapitiya had an estimated fortune of $1 billion.

And that is through his company, which he founded, “Social Capital” to invest part of his money in “Digital Currency Group,” a company that aims to accelerate and develop a better financial system by supporting Bitcoin and blockchain companies.

The summary of the “Palihapitiya” strategy can be summarized in being able to distinguish investing in a good asset and staying away from assets that may be famous but are not worth investing in.

Research and in-depth before accepting any investment process, which is what we always recommend from our side on the Arab Bitcoin website.

Read also:

What if major investors invested 1% of their wealth in Bitcoin, what would its price be today?

The story of a crypto investor losing 80,000 dollars of Ethereum in two minutes