Cryptocurrency Journey- My Way To 1 Bitcoin.
Hey guys,
I decided to write my cryptocurrency journey in here to motivate me, help me keep track on my progress and to get some advices from the pros that will help me get better.
If by any chance I motivate people or help people it will be an awesome bonus.
My goal is to get to 1 bitcoin worth of USD, no deadline. I will be going safe and slow and hopefully I will get there eventually.
Lets start, 3 days ago I decided to transfer 16.5 Steem Dollars to bittrex and start my cryptocurrency journey, I read a lot about it but never did anything with my knowledge.
Sold the SBDs when the price was 75k sat and made a bit of bitcoin, I started doing small trades with different coins with 5-20% profit each time.
1 day later I sent 21 steem to bittrex and sold it for 75k sat each too.
By then I was sitting on about 60 usd.
Yesterday I had a great success with a couple of coins which helped me wake up with this fine amount of money in my wallet.
Today I put my trust in a coin that I didn't know for the first time, the coin was Quatloo(QTL).
The reason I did it is that I saw it was pretty unstable and going up and down drastically, I've bought it in a low of 1.2k sat and waited patiently till it got to 1.7k sat and sold it.
Sadly it went all the way up to 1.9k but better safe than sorry.
That awesome deal gained me 40 bucks with a percentage of almost 40% of my total money! Which got me to this awesome amount of money:
I am now looking for a fine deal and hopefully by the time I wake up tomorrow I'll be at 200 usd.
Now is the time for a few tips:
1)Never use all of your money on one coin(don't put all your eggs in one basket unless you're 100% sure), who knows what will happen to that coin...
2)Patience is the name of the game.
3)If the price drops go back to tip number 2 and don't do the biggest mistake of the sell panic.
Don't get involved with cryptocurrency before having some basic knowledge about it.
If you know any good deal you let me know 😉
I will keep you guys posted on a daily basis, or on a major event occasion like a big loss or sale.
Stay tuned and don't forget to drop some knowledge on the comment section below!
great journey, nicely detailed!
I'm the winner of the "I'm not going to upvote you 🐋 Do it yourself! #9 Contest"
Just gave a whale vote courtesy @htooms's for your efforts (Check out his blog)! thanks and keep up the great work @jznsamuel!
Thank you so much mate!
Everybody starts somewhere...and I love that you understand that it truly is a journey. One of the greatest one liners that I learned when I got into trading stocks in the beginning of my career was...
"Bulls, Bears Make Money, Pigs Get Slaughtered" -Jim Cramer
Statistics will show that the longer that you hold onto your coin, the better. Cryptocurrency is HIGHLY volatile and but you can't let that scare you into making quick decisions.
Buy and hold, treat it like a journey and hopefully your early investments turn out like BTC and you make yourself a lot of money along the way.
Good luck!!
-Kevin
Thanks a lot bro, That's one powerful sentence!
I'm doing both pump&dump and holding.
As I said can't keep all the eggs in one basket!
Good luck with your journey!
Thank you!
Thanks! I need to learn about all of this...
Stay tuned then!
I will :)
You might be interessted in this discussion - is Bitcoin still digital Gold? https://steemit.com/bitcoin/@blockrush/is-bitcoin-still-digital-gold-open-discussion
Great job man!
Thanks bro!
You're welcome!
Very cool! I have to try the volatility angle soon. So far just waiting to get back up to par. Maybe by next week. Darn the market timing...
Good luck bro!