When I started trading paper assets, I never knew it would be such a roller coaster ride. Extreme patience is required. One must also learn from history, yet realize that history can often become useless. With BTC capitalization hovering at $90 billion, my eyes have constantly been glued to both my phones and laptop screens.
Keeping a pulse on the constant change in prices is even more difficult, because I live in a country with poor power supply. Solution ? I had to get myself several phones and power banks.
A power bank for those unfamiliar with the term is a portable mobile battery. So the essence of it is to charge your phone or other mobile devices when the light goes out. In addition to that, I have to run my generator constantly in order to keep up with the news.
I also have two use two mobile phones as internet hotspots because internet can be very unreliable in my country.
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The worst parts of trading anything are the insomnia and time away from friends. Being stuck to your laptop constantly means you don’t have much of a social life. The lack of sleep leaves you feeling irritable. Is it all worth it ? Definitely . The profits I make from bitcoin and ether trading are channelled into conservative investments that give me regular income. They also pay for the occasional pizza or airline ticket.