And, I just realized I have no more money left to invest
I remember the first crypto purchase I did back in May 2020. It was the real purchase I did after I opened a new Binance account. I had to watch more than 10 YT videos and also read a couple of articles before deciding to jump in. My first purchase was $ZIL which was trading at around 1 cent back then. After the purchase, I felt like I did something incredible and exciting. Yes, I was in for the profit but I did not know that it would change the way I would think about investing going forward.
I think I sold the coins when it went up by 2 cents and netted a small profit. My subsequent purchases well all small cap coins that were cheap. The reason behind that being my inexperience in dealing with coins. I also purchased Hive when it peaked at 27 cents. I invested 1000 USD, which was a big investment for me, and saw the price tanked to almost 12 cents in a space of a couple of months. My first heartbreak. Thank god I invested in a project where i could make up for that loss. I did not manage to get back all that I lost but it helped me understand the infrastructure and the trading/investing experiment I was diving into.
Photo by Artem Beliaikin on Unsplash
Fast forward to Feb 2021 and I must say I am impressed with myself. Not because I invested a lot but because of having the right mindset to involve in the cryptospace. I think the saying ' you come for the money and stay for the concept' (i changed it a bit :))is quite right for me. The nine months I was on Hive and the eight months I invested on Leofinance helped a lot in gaining exposure to many crypto projects. It also has strengthened my conviction of these crypto projects. I am much more relaxed with my investment now and look forward to finding projects that are trying to solve real world problems.
One of them is Decentralized Financing (DeFi) and I think the smart contract functionality will ultimately disrupt the financial system we currently have. I enjoy taking part in it. I am proud that I am one of the early adopters.
Such is my enthusiasm that I have already invested all I have (it's not a lot) on multiple crypto projects including DeFi. I am surprised to see my experience and growth curve in one year.I have been converted and it's for good.
But, I must tell you that I have no fiat money to invest now. And, I don't want to sell the coins I invested on. Let's see how this goes.
Posted Using LeoFinance Beta
I like the fact that you can earn hive by content creation and curation. I spend my fiat currency on ad purchases and some web hosting, autoresponder, etc. to build my business\list, and then keep all my hive staked to increase my holdings over the long haul, since the more I have staked, the more I make via my own content.
Agreed. The same with Leo. I bought some but then I also earned by engaging on the platform. All good in here :)
Posted Using LeoFinance Beta
Fortunately in this part of the world crypto transactions are banned but we do find our way. The first time I purchased crypto was in 2020 and it was a great experience for me.
Solution: earn more. That's the only way to stay afloat without touching your investment
Posted Using LeoFinance Beta
Earn more. That has been the mantra for so long now. Thanks :)
Posted Using LeoFinance Beta