Many of you are new to crypto and some of you have been in the game for a while. I had subconsciously heard the term Bitcoin many times, but never looked into it until finally hearing it one more time in late May. I was curious so I did some research and from that moment I was hooked!! I started digging deeper into Bitcoin, watching John Mcafee's interviews and "bold" preDICtions, reading books, listening to audio's and Youtube videos. (Champagne Crypto got me going! for all the boomers out there Kaboom Kaboom) I knew immediately that this was a game-changer and the future for me.
Of course I signed up on Coinbase and grabbed some Bitcoin, Ethereum and Litecoin. I had some decent gains for a month or so around the time Bitcoin was $2,300-$3,000 and then tanked to $1800.; Ethereum had just run up from $330-$405 and then tanked to $137. Although I could have bought on the way down a little smarter and cash reserves for when it hit bottom, I was feeling pretty good about the future!
After a little run, I found NEO (One of my long term favorites!!). I saw it run in a matter of days from $7, to $14 to $30. After finally getting on Bittrex, I was able to purchase NEO at $30 and ride it up to $58!! Of course it then crashed like all do after a pump like that ( A, B, C Correction) 60-80%. I was so convinced NEO was the one, I kept buying and buying, even selling all my Bitcoin, Ethereum and Litecoin for it as it hit $25, $20, $15 and even $13. I made some good money once it recovered, but did I really sell all my Bitcoin, Ethereum and Litecoin? YUP (Bad Move) We all know, Bitcoin, Ethereum and Litecoin had massive gains during that time frame and NEO was going down. Oh what could have been if I just HODL'd!! Everyone called me up when Bitcoin hit $10,000 then quickly jumping to $15,000 thinking I made so much money because I was involved fairly early for the average person and talked constantly about Bitcoin. I was expecting to buy it back at the right time, but missed it both times with new cash coming in and wouldn't sell my NEO. Unfortunately I was not diversified and after a huge run up for Bitcoin, Ethereum and Litecoin, I had barely made anything at all. (The worst call was from my father in law expecting massive numbers cause I always mentioned Bitcoin and for me to have to say with a soft voice I made a few bucks was crushing. Being able to say forget your Bentley GT Drop Top Lets take my LAMBO! )
The moral of the story - NEO has come back strong (Breaking through $100) to show that my initial thought was accurate from a business perspective, but not necessarily timing wise from the flows of the daily crypto markets. I Could have been better positioned to buy NEO and other alts at massive discounts. I did not understand the charts or the cycles. I just knew that from a market cap and business perspective, NEO was going to be going up long term as the so called Ethereum of China and potentially so much more, not realizing that every single day in Crypto seems like an eternity and is long term! In the end given enough time, my initial assessment of which one will go 10X first may still happen but just being diversified and hodl'ing would have gotten me off to a better start.
I made a decision to learn the game and get on the important exchanges so I was ready to start bags in the right investments. (Missed too many moonshots because I didn't have Binance. Wanted Tron in August at $40 Mil Mkt Cap but wouldn't sign up for another exchange) I also made it a point to watch videos from Vincent Briatore, Jeff at Altcoin Buzz and most importantly get personal coaching from Haejin Lee (Learning to count Elliot Waves with chart pattern recognition and analyzed my portfolio). Working with Haejin has made a massive difference in my understanding of the industry and ideal names for my portfolio which has impacted my success greatly. He recommended Digibytes to me at $.03, Bitshares at $.17 and Reddcoin at $.014. I also am a subscription member to research reports from world renowned analyst Ronnie Moas (Stellar Lumens Call!). With some adjustments and good timing, this past month for me like I hope and bet for all of you was as Haeijin says "massive profits"!! (Digibyte, Stellar Lumens, Bitsares, Verge, Reddcoin, EOS, Tron and of course NEO and some others. (SAFEX for the long term!!) I do fairly well in Real Estate, but this month in Crypto was just absurd! 500% increase in the portfolio!! I am patiently waiting for the next phone call from my father in Law!!!! If this happened to you, its ok! Your time is coming or is happening like me as we speak.
The experience I gained allowed me to understand the market, what was likely to come, emotional stability and where to be invested properly. I implore you to learn the game, be diversified, get access to the exchanges so you are prepared and HODL the coins you believe in for massive profits! This is not investment advice, but 2018 in my opinion is going to be an amazing year for all of us in the game. This has been a life changing endeavor and I am glad we are in the together to #1 Change the world for the better and #2 Change the financial situation of many who without this would not have this type of opportunity.
Looking forward to being able to pick up my dream car in time for the family get together. Lamborghini Gallardo Sypder LP-570 Performante!
Follow me for future crypto talk on steem, youtube, dtube and more!
Good luck and see you on the moon!
@CryptoLegend AKA J$
That is an inspiring story @cryptolegendhodl , especially to a small fish like myself. I was feeling a $5 + Steem price is too high but I after comparing Steem to Ethereum, there is still alot of money to be made. $500 Steem in 2019!!! lmao i wish but congratulations dude and much more success to you in the future!
Thanks man. Yeah its been a crazy ride! Appreciate your kind words. I was a small fish and am moving up to sit with the big boys. Your time will come! Keep Rocking and see you on the moon.
really great story !
Great story and very inspiring!
🚀🚀🚀 You just need to know the time to sell, to get a ferrari! Please check my story:
https://steemit.com/bitcoin/@karolynaz/trading-crypto-only-1-month-but-already-have-a-ferrari-it-s-easy
P. S. Please follow and upvote my article as well! #vincentb
Nice story, CryptoLegendHODL! Each CryptoInvestor should expect a massive volatility of its protfolio during long-term HODL. It is a normal situation for a new, young market formation - cryptomarket.
The Best way and the most reliable one - find the gems (fundamentally strong projects which have strong team, a product in the mind to solve an important issue with high utility value). Ideally, it should have a reasonably deep moat vs. competitors. This is the recipie for success! Earlier or later the market will recongize the value of the project and will award you with immence profits. Real life example, RLC token (iExec) >+100% on 12 January! This pick was included in our portfolio yesterday and published here https://steemit.com/crypto/@p2port.com/crypto-portfolio-high-quality-crypto-assets-for-long-term-growth-created-on-11-january-2018
Thanks for the kind words. Appreciate it. Will check it out.
A great story proves I have a lot to learn yet about cryptos. I hope to see you on the moon!
Thanks! In due time. Just stay steady and I will see you there!
Great story and very inspiring!
Thanks! Has been an exciting ride! Good luck and see you on the moon!
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Wow really touching story. Unfortunately as we all know I can be a real b**** sometimes !! : (
8.42% @pushup from @cryptolegendhodl
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Thank you @cryptolegendhodl for making a transfer to me for an upvote of 21.00% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
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wow i cant believe you got a Lamborghini by investing in cryptocurrencies
Didn't get it yet. Although I did make enough money this month alone to buy it, I am waiting till the next alt run. It is currently close to 0 degrees in NY so no reason to get the drop top just yet as We have the family get together in the summer. I plan on picking it up then! Thanks for the comment and hope you found some value in my story and hope to see one from you soon! See you on the moon.
Say you buy $20 into a coin. Price drops and you are -55% (negative equity). Do you owe the exchange money if you sell? Do you hold longer? You don't get stopped out like in Forex so I am curious how to handle a big loss on a coin. Thanks.