To crypto or not to crypto?

in #cryptocurrency8 years ago

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My best friend dragged me into the cryptocurrency world end of November 2017. He convinced me to put some money into a “great” project called Bitconnect! Yes, yes, my first entry was via these Bitconners. And as in December everything was rising, I put some more money into BTC and it was beautiful to dream about quitting my day job with all this new found digital freedom. End of December and beginning of January I started with some alt coins and ….then the red numbers started to appear ...…. mmmhhhh.

Time to start reading, listening and learning and digging a bit deeper than I had done before. I started to listen to loads of experts on YouTube - really knowledgEable and smart people that were making loads of money. Some were really …. euhm entertaining and some were actually smart and interesting to listen to. And perhaps a few …. are actually experts - in my eyes at least.

I tried to understand the Technical Analysis that another breed of experts followed. I added coloured lines on tradingview.com and added numbers on candles and took my ruler out and made really nice drawings with colourful Fibonacci retracement patterns. And then the coin did something that it wasn’t supposed to …. mmmhhhh. Ah yes but that was logical because of …. oh can’t remember. Ah yes because someone had tweeted something bad about the coin. So trying to put this into perspective … my neighbour tells me that he heard that the other neighbour six blocks away just farted and …. yes yes we all f-in’ believe it. Grow up people! I’m really interested in the analysis by the way and I can see why people use it and can prove they are right, most of the time. And I can also see that someone's fart can upset the small market we are playing in. I mean …. perhaps we are in the kids pond and not the Olympic pool yet. As long as we realize that if we all believe something it will actually happen, someday.

I also learned about ICO’s and next to the white papers I entered the great Telegram communities and read loads of messages on a variety of coins. This was an eyeopener for me, I can just imagine myself, in my own work experience, leading a project team of experts in their respective fields and every second of the day having to justify and explain every step we were taking to deliver the project goals to Tom, Dick & Harry. Only because they “own” 0,00000001% of the company. They invested a small sum compared to the total budget and they think they know better. Haha well I would have told them pretty clearly to F ….. euhm, to perhaps let us, the experts, do our job in fulfilling what we promised - in improving our tiny part in the world that we, with all of our heart and soul believe in. To make our dream a reality and yes if you put some money into us …. well there is a chance you might get it back 10x …. but please let's not waste time with silly stuff - let’s focus on the goal of the project. Everyone with a phone thinks that their opinion or remark should be made known to the entire world because it is the greatest thing since sliced bread. Just like my daughter who came from school today with something ‘amazing and important’ - turns out that … well the neighbour's daughter … well she looks and enjoys the same Netflix kids series as she does. They are both 12! So there will come a time when they are mature enough to realize that it’s not that important to pay attention to what all of the community members say about the dream project, rather that spending less time answering silly questions and spending more time solving project problems will tip the scale towards a better outcome.

Today my best friend has taken all of his crypto coins and exchanged it back to euros. He’s had enough of the addiction (for now). It’s not about seeing the red numbers, downward trend and not making the amounts he was making in 2017. It’s about the obsession of having to check your portfolio every other minute to see if it’s going up or down and if you should buy or sell the latest coin. It’s about moving all your furniture in the living room every other day so that you can watch the telly better but you don’t have the time to watch the telly anymore. I went to pick up my new car today and when I came back I lost quite a chunk as “the beast" decided to drop a bit. So I made diner and we watched some crappy movie. By the time I went to bed ….. the numbers were a lot better than before. When in doubt - zoom out and …. don’t forget to keep living your life boys and girls - the couch and the telly are fine where they are. Although maybe that new coin …. mmmhhhh it might go up 10x you know ….. ;-)

Today I put more money into crypto. I believe that I’ve taken most of the BS experts out of my “Virtual Consultant Team”. I believe there are some great projects out there that don’t always get the high prices for their coins for a variety of reasons. Actually for the same reasons that some of these projects in the “old world” wouldn’t work either.

I’m still a "newbie" but I believe that I do understand a little bit more than a few months ago. I have found some real gems of people in this new world and have learned loads of new things. I would like to thank all of these wonderful entertainers for helping me believe in blockchain technology & digital currencies and in solving some real issues in the “old world”.

So in answer to the question? To crypto of course!

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Good post man, always interesting to see how people got in to the cryptosphere. It's addicting, isn't it? I almost wouldn't care if it all went down to zero (heavy emphasis on the almost) because it's all been such a fascinating ride so far. I'm running a Top Ten crypto experiment for all of 2018 which forces me to be a bit patient and look at things more long-term, so that helps me not to panic on days like today.

I do believe blockchain technology is transformative and if you're in it for the long haul you'll do just fine - there will be winners that emerge from all this chaos. I'm not a day trader so the trick, I believe, is just to be patient.

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