Hey Steemit!
This is my first time writing content so go easy on me! Haha
I’m 23 years old and currently travelling around South East Asia with a bunch of mates and having a fantastic time! I worked as a bartender, albeit, not a very good one while I invested in Bitcoin and other crypto currencies on the side. Unfortunately for me, the money I have available for this trip is rapidly, rapidly running out and unless Bitcoin decides to double in the next month I’ll either have to sell some crypto or get a job again! Neither of which appeal to me in the slightest. So while I wait for the market to kick into second gear I thought I’d go all digital nomad on this shit and try my hand at a bit of writing too see if all those C minuses in university actually taught me anything.
So without further ado, I present to you, a short time-line of significant events over the last year to do with my crypto holdings:
I got involved with crypto around May 2017.
I made what I thought was a truck-load of money in the November-December run-up.
I obviously then proceeded to lose all that money in the January, February crash because that’s what great traders do.
I then decided to go on a holiday to South East Asia because what you do when you lose all your money? You go on holidays, and spend more money! Now that’s some financial advice right there, feel free to jot it down.
I fell in love with bitcoin when I first heard about it. The exciting technology meant that for the first time in history value could be transferred electronically, peer to peer without a trusted middle-man, opening up the financial system to everybody, not a select few. That’s not only cool, it’s revolutionary! And I had a ticket on board.
As the price skyrocketed to $20,000 I was having a great time, thinking I was some sort of investment guru. But as my ever-sceptical dad told me, everything that goes up must come down. He was not wrong. Bitcoin shat the bed in a big way! Following the crash my portfolio looked like it had just gone 12 rounds. We emerged out the other side, battered and bruised, and barely alive. We had some serious thinking to do. If we wanted to play with the big boys then we were going to have to prepare like the big boys as well as act like them. So I had a good hard look in the mirror, I made my portfolio have a good hard look in the mirror and we came up with a great question. Where the fuck had all our money gone? Needless to say we didn’t have an answer so the whole excersize was relatively pointless.
Joking aside, we did learn a couple of pretty crucial lessons. Because when you’re on top of the world less than two months before, you want some explanations. It turns out I had made some really simple, beginner mistakes that I shouldn’t have made. I did my best to learn from those mistakes and in retrospect that correction was probably the best thing to happen for me because it taught me a few lessons that I’ll keep with me as I continue to invest in crypto currencies going forward.
To sum up, I made some money and I lost some money. When I first started investing a bit in Bitcoin (and by a bit I mean every penny I earned) I had zero idea what the fuck I was doing and there’s a couple of lessons I learned from the monumental November-December run up to that devastating, soul-searching crash in February. It would be a pleasure to share some of those lessons and maybe an informative article or two along the way as well, because let’s be honest, trawling through reddit and steemit is my day job.
I look forward to contributing to the steemit community, hopefully imparting a little bit of knowledge and learning along the way.
Thank you for your time Steemit,
Cheers, Seagull10
