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my journey since 2017 and sharing the good and bad decisions I have made

All Cryptocurrencies

by COINS NEWS 146 Views

Since I have been invested in crypto in 2017 I have seen a lot of things happen. I nearly got caught in bit Bitgrail hack but was lucky I had moved out my Nano (Raiblocks) just a few days before. Participated in ICO's, most of them don't even exist any longer.

Despite the setbacks I learned from it and focussed mainly on BTC and ETH in 2018/2019. At this time I realised many alt coins will probably not make it and it was too risky to keep most of the value left in alts. This was a really difficult decision, but I decided to sell the alts at a loss and buy BTC and ETH instead. I was deep in the red and feared that my portfolio is not going to recover, but at the same time I still had faith in a recovery. Friends and family stopped talking about crypto and most sold off their coins and never looked back.

I kept buying small bits on the way down all the way to 3k. Although many people around me told me I am an idiot for buying BTC, I still believe that BTC will recover in a few year and That paid off in 2021.

I had my crypto stored in a hw wallet but the APY on platforms as Nexo and Celsius made me to move my coins to these platforms. Unfortunately some of my btc is stuck in Celsius. I moved the majority out when they reduced the rated a month before they locked withdrawals. Lesson learned not to become greedy. I still have a big chunk on Haru invest locked for 9 more months at 17.2% APY, so fingers crossed nothing will happen with Haru.

When we dropped from 69k to 40k I played with leverage and lost a few grand because I got liquidated. Another lesson learned.

A lot of bad things happened in my journey in crypto. My portfolio reached 6 digits during the bullrun and currently I am still 3x from my initial investment. I wanted to take some profit at around 80k but unfortunately that never happened. It is hard to see so much value evaporate. Honestly I did not expect the price to drop all the way to 20k and at this point I am not surprised we drop another 50% from here. I have a normal job and not much savings, but I learned not to panic after experiencing all this madness in the pst few years.

What I will be doing now is invest every month what I can spare. Try to keep a buffer so I never have to sell in emergency situations. This is the time to accumulate and I hope we stay low for a while so I can buy more every month.

I have faith in BTC and it will surpass its ATH within a few years.

submitted by /u/animuz11
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