Hi, guys, just been approved to the community, happy to be here and to say hi, I decided to share a crypto-experience with you. probably nothing new for most of you, but I thought it would be a nice way of saying hello :)
In the past 6 months, I am heavily into crypto, keeping an eye, reading and participating.
One of the first things that you notice in this market is the pump and dump, sadly, for none veteran traders (or those who haven't invested in their lives), the realization that you are being played with comes with a pound of flesh.
For me, it was with FirstBlood (1ST). I believe it was in the first days of me entering the market with a small amount.
I invested like 80% on ETH following a friend who invested on its ICO ages ago, and I trusted his opinion about it (Thank god for this) and looked for additional diversification (and maybe the next big thing).
1ST was in ICO at that time, making a big hoo-haa about practically nothing, with out a product or community, just a promise (like all others). For me, that promise was crystal clear, as a LoL player and in general playing MMO's since Ultima online, I know who is the crowd they are after... a competitive bunch, gambling on themselves is exactly why they need.
As I was looking at the price doing nothing and waiting, for no apparent reason, price started to surge, I was excited... and scared, "what if I am missing the train", "it's taking off to the moon and I am staying here", eventually I bought the shit for almost its ATH, ATM I am -85% for the $. It is not that I don't believe in the product, but apparently, for it, being worth what I bought it for, there's still lots to do, and a community to develop.
If anything I want you to take from reading this post is that your investments should not be emotional, it's the best way to lose money, and the pumpers know it, they let you see the promise of earnings so close to you, you can smell it and almost taste it, at that moment and pumper on the other side with shitloads of money (for you... for him it's monopoly money) pulls the rug under your feet. the key is research, and a strategy, why now? how much am I willing to lose, and what is my strategy going up.
Can't tell you what the future holds for the coin, as I am not an oracle, but I think it has great potential and a community that loves spending money on games, and like to compete.
I might do a technical analysis of the market for you in the future.
Happy investing, and good luck