I came accross @Farmgirl's post about this silver prompt of Silver Blogger's Community. The prompt is about cryptocurrencies and retirement and since I'm a crypto noob wandering around the cryptoverse, I opted to join as well.
It was 2017 when I learned about cryptocurrencies on Facebook posts. But since scams were rampant in that time, I didn't budge an inch as I thought it was a scam as well. Besides, some scam issues were associated with cryptocurrencies circulated online.
But in 2019, a friend of mine shared his proofs of payout in investing in Ethereum-based project and I got hooked by it. With the small percentage of my salary, I invested in it since I trusted my friend testimonies. After a few weeks of investing, I eventually got my investment back. The project was called Forsage and I wasn't aware of its pyramiding scheme system and unexpectedly, the project ended as a scam. Nonetheless, I was still able to get my investment back along with a small profit. From Php1800 ($39) initial investment, it became Php5000 ($100). And based on ETH price nowadays, its value is worth more or less Php40,000 or $800 already.
The $100 worth of Ethereum I got from it kept growing as ETH price increased and I compounded some on Nexo. And during those times, I also knew about crypto faucets, the free sites where I could get some crypto. So claiming free crypto from different faucets like Coinpot has been part of my daily routine.
Until June 2020 when I stumbled upon a post on Facebook page about a blogging site called read.cash powered by Bitcoin Cash and since I wanted to enhance my writing skills while earning cryptocurrency, I opted to join and started blogging on read.cash.
This was the very first BCH I got from the blogging site which was using a point system before, but currently using a bot roaming around to give tips to articles.
Since I was earning decent rewards on read.cash, I opted to be active on blogging and stopped claiming crypto on faucets as I found it not worth spending data and time.
Because of this site, I was able to hold a decent amount of BCH and some of them were used to diversify my crypto portfolio. I bought some tokens that are worth holding and learned how to invest in DeFi. PancakeSwap and CubFinance were the first DeFi platforms I dived into. Additionally, I was lucky to get an airdrop worth more than $5000 from AMPL I got in blogging on Publish0x and that helped me achieved my crypto goal last 2021.
And just last year, SmartBCH was introduced and I dived into its sphere. More DeFi platforms were launched that gave us more opportunity to earn passive income.
In more than a year of staying inside the BCH community, I learned more earning opportunities and more things about cryptoverse. That also includes knowing more blogging sites where I could post articles to earn cryptocurrencies for free. And that was how I ended here on Hive last March 2021.
It was quite tough to manage my time at work while blogging, but I eventually get hold of them, as well as managing my DeFi investments and investing P2E games in the Metaverse.
The crypto blogging sites, DeFi platforms, and P2E games are my sources of crypto passive income and the profits I get from these are saved for my retirement and family.
I'm a person working abroad and the life here is uncertain. So practically, I'm saving cryptocurrencies while earning cash in the real world. And being a breadwinner isn't an easy job so I have to grind harder for my family and future.
With cryptocurrencies, at least I could say that, my retirement is already secured.
In more than a year of staying in the cryptoverse, I learned a lot of opportunities as well as lessons.
The cryptoverse is too volatile so you have to learn how it moves and be ready enough to dive in to take profit and dive out to avoid losses. Although it's inevitable and we all are at some point would get losses, but when the market goes South, we just have to learn how to HODL and wait for the market's recovery. Remember what CZ of Binance once said, "If you can't hold, you won't be rich." And of course, before investing in any project, make sure to DYOR to prevent falling into the greedy hands of scammers.
When it comes to DEXs and NFT Games' tokens, they are profitable at the beginning but would eventually drop as time goes one. So make sure to take profit as early as possible or once the token's price reached its peak. Better safe than sorry, and I experienced this several times. Besides, profit is profit! Whether it is small or big, it is still a profit. Besides, a small profit would eventually grow over time. Additionally, never ever trade with your emotions but strategy.
These aren't financial advice but just lessons I learned based on my experience. So conduct due diligence before taking any actions in the cryptoverse and be accountable for your actions of course. Most especially, don't forget the basic principle here, buy low, sell high and only invest what you can afford to lose.
Thanks for your time and this opportunity to share my crypto journey.
You guys can join this prompt as well.
Visit this Silver Prompts to know the given instructions.
#SilverPrompts
#SilverBloggers
#Cryptocurrencies
#CryptoNoob
#CryptoJourneyAndExperiences
Follow me on:
bravo. I’m completely new to this and havent invested a cent congrats on your portfolio and for explaining things clearly so that i can understand!
Hello and thank you for taking part in the Silver Blogger Community. I see that you have already posted here, though i still got the feeling that you may haven't really read and/or understood what we are all about.
Your posts are quite okay for the Hive-iverse and i'm sure you could really do well by choosing the right community. Me, personally i feel you a tad too young to really take part in our topics.
Please go to read and understand our about section, also may check all the lot of communities on Hive to find your best fit, before you post into the community again.
I thought the prompt is for everyone. I even know some silverbloggers who are the same of my age. Im also a wanna be crypto holder. But thanks for informing me about it. I never thought there's an exception here.
That's why i asked you to read our about page... It is quite obvious how it is explained. So please, check it out and ask yourself which community really serves you best. Thanks!
And you can be a little kinder next time not mute someone right away 🙂.. You can just say "Hello Jane, I think you are too young for this community. Did you missed reading the rules? If yes, check it here. The next time you post again, you'll be muted. Thanks for your understanding."
It saddened me seeing my posts muted. Although you have the right to do so but at least give some consideration. I left the community anyway after knowing that I was on the wrong track.
Maybe you can be as friendly as the founder next time.
But thanks for the information.
And have a nice day...
Next time you could go and read the proposed links, so you can better understand what a community is all about... then come back and answer my comments.
You did neither, so i had to assume that you do not really care... From then on i muted your posts! To complain and rant about it now is just showing me again, that IMO, you are not yet ready to be a silver blogger.
Though, you leaving may shows that you are on the way to the beginning of understanding. Lets hope and when the right time comes that you really understand, you surely are welcomed to participate again.
Have an excellent day.
Cheers sis on your crypto journey🥂 You are doing so well with your investments and your portfolio is looking attractive 🤗
Thanks sa support sis 😁
Pleasure is mine sis :) Happy Saturday hehe. Nabusy this morning😅
Hi @jane1289, thank you for a really informative response to our prompt, you've taught this old Silver a thing or two!
Wishing you well with continuing building your little nest egg here on Hive👌
Hi, Jane! Thank you very much for your response to the prompt and for taking the time to share your experience with us. 🤗
You are so focused it is an inspiration to many including me Jane 😁