Generally in a bull market you can throw a dart at any idea and you will make money, at least temporarily anyway.
BUT, if you don't sell, a lot of these projects don't make it through the bear market (Crypto Winter) and you end up holding them to their death, and ultimately lose your money.
I have put together a list of coins that I made money from, and lost money in.
Whilst I won't detail my actual profit and losses, I still think this little spreadsheet is fun, as anyone reading this who was trading crypto in 2017 may remember, and even laugh at some of these coins!
XMR, LINK, UNI and XRP I have since bought back. I made good money on them as an earlier adopter.
I killed it with AXS and OMG also, both small investments but held on to them and they blew up hard. No plans to buy either back though.
The worst invesments from this list include CND (Cindicator), which was a Palm Beach Confidential 'Teeka Tip' and I was far too exposed in this position, I kept adding to it over the years as Teeka kept writing good things about it. They even sent me a media pack for a BASE Jumping trip to Europe, which was kind of them. Unfortunately this coin died, it was such a great idea and I was using the app, but for whatever ever reason it never gained traction.
SPANK chain was an idea so that content creators on PornHub could get tipped, and I thought it might work! But with a project called SPANKCHAIN, it was always going to be hard to get legitmate investment haha.
STORM and LINDA I think were being shilled by John McAfee at the time, and I was sold on that idea being a newbie to the market.
REQ, WOM, LOKI, SALT, GTO, GRIN, GAS and RCN were all Teeka Tips again, that never recovered from 2018/2019 Crypto Winter.
I lost a huge amount of money on SALT. Again, school boy error from 2017 again. I was far too exposed, I loved the idea of the lending platform and even used it once. I think Teeka was late to remove this one from the portfolio, he should have removed it when the CEO of the project walked away.
All of these lessons from 2017 are valuable.
Do not invest in something because someone has told you to.
Do you own research.
Do NOT invest more in one project than the other. This is the best bit of advice I took away from the Palm Beach Confidential News Letter. Keep your position sizes equal across your portfolio.
Just to finish off, I also lost HUGE GAINS on AION and GAS. I loved both of these, but sadly they will never return to their insane highs. I was heavily in the green with both, but failed to take profit!!! And watched them both come slowly down until I was in the red. I ended up having to sell both at losses once I admitted to myself that its over.
Again, another big lesson from 2017. TAKE PROFIT FFS!!!!!!!
In the bull market of 2021, I took profit. It was hard, very hard, but I am happy I did.
In 2024/2025 I will take even more.
Thanks for reading x