How I turned $500 into $20,000 and counting
At the beginning of the year, I learned about Cryptocurrency.
Bitcoin was already up beyond $1500 Aus Dollars. I thought I missed the boat :(
I started looking at its counterparts:
Ethereum: was $19 AUD
Ripple was under 1 cent.
Litecoin was $2
Dash was $30
And King Dogecoin was 7000 coins for $1
Why not throw $500 spread around this stuff. The word on the street was it'll probably go to nothing and Bitcoin will pop and go back to its nominal value of $0.00
Here we sit and the $500 still invested into Crypto is now worth $20000 plus. You could say "why didn't you invest more?" You have to think of the mindset at the time!(February2017) this was new. Infact 1 day before the Ethereum alliance was formed. I was lucky that I read a tiny little article on news.com.au about it, and I mean, tiny article. Hidden amongst thousands of pages of BS.
You ask your friends about Bitcoin. They have no idea what you are talking about lol. So in my opinion less than 1% of the population know or even use Bitcoin and other currencies, here I sit and Ether is $550 AUD to sell right now. Wait and see when 10%, 25, even 50% get word of the returns this is making.
I still believe we are the beginning of all this. Every couch Captain is out there trying to read this like the stock market. Talking about "pullbacks, re-tracements, bubbles etc." I highly doubt this will respond like a stock market. My guess is this will peak then crash for good. Then the masses will return to Physical Assets. In the meantime, getting in now to things like: Ripple, Stellar, Siacoin, DigiByte, Bytecoin while these are all so cheap. Even Doge is still 200 coins for $1 AUD.
These returns could be yours. Find yourself some paper wallets, learn how to buy and sell and use Crypto. Soon your $500 will be worth more than the Gods themselves can count. Take a chance on Crypto. Nothing to lose and everything to gain. What's a $500 investment, a drop in the ocean of the years you will live. Ask yourself the simple question. " Do you want to be the one to miss out?"
Great work. It is all these great stories drive me here. I just started my crytocurrency career and steemit is my starting point. I hope to buy all the coins wihin top30 of market capitalization and see which one would skyrocket. Hope i am not too late to the party.
Late??? Lol you are just at the rise of it all. Smart money is in now! Remember to leave before dumb money comes in. Keep your eye on the prize. Keep going Man!
And it's still growing, there will no stop or even a dip.
This is the future.
Happy earning for every one.
JUMP into the crypto gold rush now! This is just the beginning. Believe me
Couldn't of said it better!
I'm hoping to do something similar with other cryptos.
Plenty to choose from that's affordable. Token of Ether like Golem, Iconomi.
Zen is buying back it's own currency and incinerating it to up its value. A quote from a favourite movie of mine "The Big Short"
" They Looked"
Considering the way I would fund this would be by selling my SBD, it may take some time to get anything of significant value.
SBD is slow but it's a winning method. Find a nice exchange and throw money at the ones going up. Ether and Bitcoin. When they go up sell SOME of it and invest it in coins you can own more of. These chances don't come around often. Maybe once in your lifetime. I don't want you to miss out!!
I'm trying not to, I will get as much as I can as quick as I can. That will have to be enough, no regrets.
It's all in the end price. Hold em and see how high they go. Your problem won't be what to buy. It'll be how long can you hold onto when prices go out of control.
Holding them won't be the issue, as I'm only using SBD to fund them. Once I can retire then maybe sell some.
As long as you know where your gonna put the funds after you sell. No satisfaction if you sell and your holding cash not going towards your Mastery, your dreams or your desires. Plan exactly where your going to put the profit as this may end very quickly and need to be handled in this manner
wow! much skill :P
I invested in dogecoin back in 2013. best decision of my life lol
Good another Doge Man! Bring on that $1 they say it's near impossible. I'm holding it as my home run swing. If it goes to $1 we are insane Kings! Keep going Man!
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good job, now cash out everything and invest it in steem!
Always have a healthy STEEM quantity ;)
Good decision at the right time ! I did the same with STEEM, i hope my story end like yours ! :D
Eggs in one basket stories are 50/50 but hey it's Crypto. Steem has gone a little bananas lately. You will get there and further. Just research "Just Look" :) Good Man
Great article. There are hundreds of new cryptos. The important thing before you invest is, that you research the crypto you are investing in. If you just invest the $ without any research there is a high percentage, that you will invest the money on the wrong cryptos.
Been there and learned that mistake;)
I disagree that crypto will crash for good at some point. It is here to stay as long as we have networked computing devices. This Steemit post "Expressing the Future of Finance" by @somethingsubtle gives you a glimpse of what is around the corner.
Good. Glad you disagree. The value of something that has no intrinsic value. Can't hold, can't own and can't ever touch will return to it's Nominal value of $0
Crypto is code. That's it, worthless code that in this empire of nothing is worth something.
Look at the time you live in.
Debt has value! Lol
Debt is worthless yet is valuable! Only in the empire of nothing. Nothing is worth something. 1 mistake is coming and it will bring true Kings and Queens to real assets. I like that one of us will be right! Let's see how the die cast themselves
Yes of course, time will tell. But I do agree 100% that value is abstract, something subjective.