2 Months ago, I created my first post on Steemit, describing my journey into the world of Crypto currencies. Since then its been an interesting ride. I continued to do research and the more I read and read the less sense it made to keep investing in mining (local or cloud). I decided I would continue what I was doing with my ~300MHs of local mining pointed at ETH/SC. and my 30MHS of Genesis mining (also pointed at ETH). But I wouldn't be investing any more money into mining.
My inner geek is a little depressed I won't be tinkering with hardware, or constantly scouring local or internet shops for cheap GPUs. Instead the more I read the more sense it made to just invest in coins directly, and trade them on exchanges.
Easy right??
Well... Not so much. I read, and read, and watched and watched. I did technical analysis, I planned the trade, then I traded the plan. At this point I had allocated a paltry $250USD and purchased coins that I didn't mind if I was stuck holding, as I believed their concept, tech and or product was solid. These coins were BTC,ETH,XMR,SC,CVC.
and that's when my A.D.D. kicked in.. although I didn't mind holding, I decided to continue to research, and build positions in other coins, etc etc. I ended up turning my $225 USD into $429 USD. I will say that this is now my new addiction. Mining is a nice passive income, but there is certainly more to think about and act upon in the crypto trading world.
so to breakdown my adventure so far things look like this:
$225 USD on an exchange
300MHs of local mining power
30MHs of cloud mining power
$50 on Bitpetite HYIP (not discussed because I can't evalute the service yet)
If anyone is following me, or is interested in my progress please check back periodically for updates.