Hi there,
I'm seventeen years old and recently I got into trading Crpypto currencies. Now you might be wondering how I got into trading crypto.. You see as a minor I've always wanted to have my wealth work for me but due to the fact I can't legally sign a contract stating exchanges aren't responsible for loses and neither of my parents were willing to co-share an account' I thought I was shit out of luck and confined to my bank account which in reality was loosing money due to the minuscule interest rates and the high inflation of the $USD due to our debt to China.
Last New Years I found out about Crypto trading through twitter actually. It was on my news feed that Bitcoin had just broke through the $1000 barrier and I read a few articles (that didn't talk about the exponential gains) at the time I didn't give it much thought. A couple month later in April I saw another article that said bitcoin had broken the $2000 barrier. So I did the only thing a rational 17 year old would do. After nagging my parent for a week trying to let me use a credit card and their identity on Coinbase to buy bitcoin, I quickly decided that wasn't gonna work and paid my friend $10 to drive to my bank which I withdrew my entire college fund of $2800 without telling my parents and getting into my account with just proof of identity.
Before I went to the bank I made a plan through local bitcoins to meet up with this guy at a star bucks and exchange $2800 cash for one bitcoin. I felt pretty comfortable with the transaction because of the sheer volume that the trader I was buying from had and the multitude of positive reviews. only upon having my friend drop me off did the thought arouse that I might get kidnapped or scammed but then I quickly remembered my earlier confidence cleared my head and met the trader.
He was actually a really cool guy that had gained millions from trading and had a construction company as a hobby rather than a main source of income proclaiming, "I just trade to live comfortably and pay the bills my real joy comes from hands on and physical jobs." This lesson was later reaffirmed when I learned from many other traders you should trade to live and not live to trade.
Promptly after gaining my Bitcoin and doing a massive amount of research on the inter workings of the coin and the fundamental themes that made the project superior to fiat currency such as a degree of anonymity, being decentralized and having the ability to gain % gains on your initial investment as mass adoption goes underway.
(the moment you realize you can gain yourself how to make buckets by cryptotrading)
This was all very enticing and within my first week of buying my bitcoin and just letting it sit in my wallet I had gained $150 and I was genuinely content. But I found out through reading articles about Ethereum, altcoins and the insane volatility and profitability of being able to read charts and speculate on the market. Shortly after I started trading with my first trade being BTC to ETH when Ethereum was $300 and then selling when it hit its all time high at $400 before its entrancement. The experience was filled with adrenaline and nerves and due to the success a distinct feeling of achievement. Although I probably just got lucky, although my father making me read book after book on the economy and the stock exchange in my childhood likely didn't hurt. Ever since then I've been hooked.
I created this steemit to share the lessons I've learned already, TRADES I'm keeping an eye on or am invested in and tell the journey of a noob trying to learn how to turn $2800 to 5,6,7 digits and the experience I gain along the way! Feel free to follow this Steemit account if you want, I'll try to make it as entertaining (and maybe educational if I learn enough) as possible. I'm doing this just as much for fun and the possibility of a little monetary gain as I am for just a place where I can express my feelings on the market, since the best ways to learn and solidify your foundation is to to teach (or at least attempt it. You can thank my Spanish 2 teacher for that one.)