I first heard of Bitcoin approximately three years ago. I remember the price being around $400 USD. I was working in New York City at the time and flirted around with attending meetups, investing, and even mining cyrpto. I unfortunately never followed through due to some major life changes.
Well now it is three years later and I have only officially joined the Cryptocurrency party approximately two weeks ago! It is unfortunate, as I have noticed a majority of the Cryptocurrency boom took place about a month before. A good friend texted me to join in early May and I procrastinated (again!).
Anyway, as the title suggests, I have had the ride of my life thanks to entering Crypto! Watching individual coins go up 300% then down 300% really gets the adrenaline pumping! You just want to jump in on of those 300% gains right before it starts! Of course, predicting which coin will jump 300% next is near impossible. I work a day job and watching the changes on bittrex and coinmarketcap has really brought my production down (sorry boss)! Working out which strategy I want to take with these has taken up so much real estate in my brain! Do I go long term? Do I go short term? Do I day trade? Is this whole thing a bubble? It's always a million thoughts racing through my brain even faster than the next 300% increase! I don't believe I have fully figured out my strategy yet. So far, it has been, hold top contending coins long term and try to day trade or RIDE THE WAVE, as I like to call it, on any little ones that have a significant increase.
Overall, I bought into ethereum back when it was still only $220. This has made me a decent return and has solidified my presence in cryptocurrency in the future! Hoping that next boom is coming soon!
Please comment and let me know how you felt when you first joined the crypto world!
My favorite Crypto's, investment strategies, and boom indicators to be presented in future articles.