I am truly in crypto since 2017, even if I mined my first Bitcoin in 2012 with CPU power but didn't continued or remained in the industry. After that in 2017, I've built myself a mining rig with 6 RX 480 GPU's and started mining Ethereum. And that's the point when I've learned more about crypto and invested in a handful of assets. Not as much as I wanted to as my income was quite modest at that point. But enough to prove to myself that it is worth being in that space. Thus, once hooked, I've never left the space.
Crypto journey
My journey took me through two bull cycles. First one was after about 6 months since I've entered the space and as everything was going to the moon, I've never thought that the prices wouldn't continue to rise. And guess what? Shortly in 2018 the market turned bear and all decreased seriously. Didn't panic, but didn't book any profits.
First crypto cycle
The bear market took my motivation away as I wasn't experienced enough to understand the market and how I need to play the game. After few months I've even stopped my rig from mining which for 1-2 years it just gathered dust. While I would still be in space sporadically, I didn't perform any significant market moves besides buying a bunch of Ethereum in the amount of 20. And just HODL.
Second crypto cycle
The pandemic came and as I was staying more at home, I've started investing more in crypto and stocks. I even traded those 20 ETH and booked some profits and invested them in stocks - not an inspired move. But I've extended both my portfolios. The market than appreciated in 2021 with another bull run. My assets were seeing healthy returns, but weren't enough to be life changing. So what did I do? You guessed right, I continued to HODL and didn't book profits. Second mistake but one that truly made me learn the lesson: what goes up, must come down.
Current crypto cycle
Since than I've continued to be in the crypto space and diversified even more my portfolio. The first bull run wave started in 2024 and now the second more powerful wave is expected in 2025 with Trump, the crypto president, taking office. And while there is new hype everywhere, for some reason I cannot stop but thinking that all this enthusiasm is already included in the market sentiment and we might not see everything mooning as we want to. Or if it will happen, it might be short lived.
While I believe that the crypto market already included in its prices future expected events, I still think that crypto adoption is now truly and finally taking place. Thus, there is room for expansion and growth, which ultimately will get reflected in the price value. Might not happen as fast as we would want to (like the current bull cycle), but it will happen. We are now in times to invest smart, be informed at every step and book profits. Nothing will moon forever, corrections will happen and we need to adapt and play the market in order not to be left behind. I plan to do so, let's see now if I can also execute on it without emotions getting the better of me. 😊