Hello everyone, how are you all doing on this beautiful Easter Sunday? I do wish you all happy celebrations, whether you are Christians or not. It is a season of love, let us all share it.
My topic for today will be inspired by the first topic for the week that was chosen by the members of this noble community. And that is my journey so far in the world of cryptocurrencies.
I have to admit, it has not been an easy one. From the beginning it was a series of heartbreaks for me, putting my money and making financial decisions without proper and adequate research. I lost a lot of money back then. I will tell you all about it.
The first time I heard about cryptocurrencies was in movies, long before I realized that they were a real thing. In movies, criminals and terrorists used crypto to finance their operations. If they wanted to hire an assassin or contract a bomb maker, they made use of crypto and the dark web. So, subconsciously my mind was tuned to that frequency that crypto was only for shady dealings and it was not something I wanted to get involved in.
But then, as I grew older I began to see some people that had taken interest in this digital currency, at that time it was only bitcoin that the world knew about and it was not worth that much. I still did not believe this could be something that could be used for good. My mind was still wired to what I had seen in the movies. As long as you were doing anything that had to do with crypto, then you were a criminal.
So, I lived in my bubble for a long time, like the ostrich that buried his head in the sand while the world was on fire all around him.
And then, Covid struck.
If you remember, in one of my previous posts, I mentioned how the pandemic had made everyone realize what a goldmine social media could be. Let me just say the same was the case for crypto.
Being on lockdown and unable to work but needing to eat anyway, people looked for other options. And that was how crypto started to grow. I really do not know the science behind all that, but one thing I am sure of is that bitcoin which did not use to be worth so much previously, suddenly shot through the roof. One bitcoin was worth thousands of dollars.
And that was only the beginning.
More coins started coming out, more people started taking avid interest and seeing it as a reliable source of living. To the extent that it became a hot topic on the news. And that was where it came to my attention again.
This time I did my research and realized that the movies had been lying to me all these years. I decided to try investing. Bitcoin was so expensive so I did not bother, I instead tried to go for cheaper coins. Someone promised me that some coins (can’t remember the name) will always appreciate in value, in fact, they can only appreciate. These coins do not depreciate at all, it was like they do not obey the physics of the crypto market.
I fell for it. And I lost my money. It was a scam.
Another time, my friend advised me to invest in some other coins, although this one was legit this time around. But I did not do any research to know if it was the right time for me to buy, and neither did my friend. He was only telling me what someone else told him. He is my guy, so he was only sharing updates.
Anyhow, I still lost my money. Soon after I bought the coins, the price plummeted and in days I lost more than half of what I had put in.
Maybe I had been wrong, maybe the movies had been right. Or maybe it was that mentality that was just countering my moves. Anyway, I gave up on crypto, choosing to build my career as a writer instead.
Until I discovered Hive.
Hive made a lot of things so easy for me, writing and the mechanics of crypto are chief on the list. Through Hive, I was able to discover a way to invest the right way without even having to spend a dime. Unless it is for data, of course.
I had to learn how to read the market, and know when everything is right so I can sell and get the best price. And so far so good, it has been going pretty great for me.
If there is one thing I have discovered, not everyone is meant to be a crypto trader. I know that crypto will take over the world someday, but that does not mean we all must be an expert in it. We all eat food every day, but that does not mean we must be traders right? All you need is to know the basics so that when you go to the market you will know what exactly you want.
And that is the principle I operate with now, I sell only when I need the money. But I do not trade crypto, maybe it is just not for me. People have what they are good at, but for you to be really good you also need to have the interest. And unfortunately, I am not all that interested in trading.
A time might come when I will change my mind, no one knows tomorrow. But for now, for today, I am just happy with the way I am. Making my blogs, selling my coins. There will be no more heartbreak for me.
And that is my journey in the amazing world of crypto so far, I have come a long way indeed. I know. There is still some way to go and I look forward to every step of it. More lessons to be learned and more experiences that I will surely share.
Thank you very much for reading, till we meet in the next post.
And a happy Easter to you all once again.
Your journey has been great so far, at least you learn from your previous mistakes, losing money can be so painful especially when you have set up your mind to make a mega profit.
When I first heard about crypto and the profit involved, I saw it as a complicated business and therefore gave my hard-earned money to a friend to trade for me, guess what, my money entered voice mail
I love your way now oo, you must not trade if your spirit is not there at the moment, blog, sell ur coin and earn your cool cash.
Happy Easter to you.
Yeah...
We just have to be careful especially when money gets involved... Thats the best way to avoid stories that touch...
Thank you for reading.
people should know the aphorisms that you write, because there are still many people who make a mistake in this field.
Hehe...
I guess you have a point.
Thank you for reading.
Awesome your cryptic journey Blessings and best wishes for you You can make better progress And thank you so much for sharing your cryptic journey with us
Thank you very much for this. I an glad you enjoyed it.
Same to you
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The pandemic opened our eyes to lots of things because it was during that period I patiently rigged into what cryptocurrency and when I found out, it became irresistible for me.
Investing in crypto requires lots of research because one has to be sure of where and what is putting money into, I do take recommendations of projects but from people who I know are heavy investors and wouldn't want to lose.
I am glad you found hive, the game changer.
Yeah... Investing in anything at all requires deep research and crypto is no excemption. If your heart is not in it, your mind might not be either and you might end up not getting what you are after.
Thank you for reading.
Your first impression thinking bitcoin was for shady business all because of that movie...lol
And yes been victim of following a friends advice without making research too.
I think that needs to stop maybe if you had made research of your own maybe you would have saved yourself of the loss.
Thank God for hive now
Yeah... But then I was not as wise.
I believe I am wiser now.
Thank you for reading.
There is nothing People do not look for a way to add scam, just loss can be so painful and it would discourage you from trying
Yeah... The loss might be inevitable but with time you can get better and reduce your losses.
Thank you for reading.
As at then too, I thought crypto was ritual as I saw how people were making money in it but as time goes on, I learnt. We all have learned our lessons especially when we lost money into something we do not know about or have any knowledge about it.
You are right that crypto trading isn't for everybody and one would go for the one he or she is capable of. I also focused on Writing, and earning instead of trading which I don't think I would understand it.
If I had chosen to ignore it completely, my story would have been very different. I am always glad I gave crypto another chance... It has not failed me yet.
Thank you for reading.
This is quite a nice journey, and I strongly agree with you that not everyone have the flair for trading. I love trading and it's a part of me. That's what makes us different. Nice piece bro
Yeah... Different strokes for differnt folks, everyone should focus on what they can do.
Thank you for reading.
I have also lost money on crypto trading, for you to succeed in crypto trading you must have a strong heart, but as for me I can not come and go and kill myself lol, I stay with Hive.
Hive all the way o.
eventually, a time will come when we will master this thing.
Thank you for reading.
First of all, I would like to say that the same picture that you used in this post is the same picture that I have used in my post today. But before I wrote my post, I didn't see that you used this image. I wouldn't used the same picture if I knew.
You have failed to invest in crypto many times and I would say that the coins you determined were wrong. May I know which coin you first invested and how much you invested? Anyway very well written and your next decision was good
My brother, it does not matter at all.
The picture is not mine, it is free which means everyone can use it. Even if every member of the community uses it on their post, it would make no difference. All you have to do is just source it properly.
Thank you for reading my post.
I know everyone can use it but if everyone uses different pictures we can see many different pictures
So sorry you lost so much money while trying to invest into crypto, that was my fear initially when I heard about bitcoin not that I can’t invest but but too many rumors and a friend of lost huge amount years ago that made me took off my shoes and ran never looked back 😂 and also another of my guy was scammed after sending money he didn’t get any coin so I was like is this how the crypto work? Hive resets my mentally towards crypto and I’m still making researches so I can invest right. Without lessons how do we learn? We learn from the past to make the future better.
Thanks a lot for sharing bro💯🙌🙌🙌
And thanks to hive for the great enlightenment on crypto 💯
It goes with the territory. As the saying goes, you can't make an omelet without cracking a few eggs. Those mistakes led me to this very moment, and I can say I like who I am and I am willing to move further from here to see what else I can achieve.
Thank you for reading.
Glad you’re far better than you were years back and you’re doing a lot better now that’s best and good news bro💯👌
When you figure out its not just for you, then you will focus your energy on what truly is for you. And that will bring more success.
Thank you for reading.
Sometimes, I wonder if most of the world would still be in ignorant bliss if the pandemic had not happened. Who knows what the price of bitcoin would have been.
Thank you for reading.