Hey everyone. I have been involved with crypto's for I would guess around 4 months now. 4 months ago I was flat broke and nearly destitute, it was make or break for me, literally so I needed to make a plan, and fast, so I did.
I took out a bank loan ( I would never recommend this, this is also not financial advice ) but at this point I really had no other choice it was either this or become a hobo, one of my greatest fears, I could never let this happen. I got around R20 000 from my bank ( $1430 ) and I put it all on bitcoin. Well truthfully a little on bitcoin as it was still high relatively speaking to the alts, I bought a little litecoin, ether, namcoin, ripple, z cash and dash. Well for the first three months I was down, and at this point almost down and out but I had faith in crypto's (I come from a forex trading background) but sadly have done nothing but lose there too. However what I liked about cryptocurrency, is even if the price dropped which it did as I bought high, you still held the currency so I just told myself hold it and wait, Dash then went up substantially as did a few others. I tripled my money in the last month and now here I am. Happy on Steemit and blogging about the tough times and looking forward to the future, which now seems so bright.
The question I have (I feel it is good to make posts as I have this one that ask questions) is have you invested in ICO's if so which ones and as they hit exchanges did they increase in value relative to initial purchase price?
I invested in ATL around two months back when it was an ICO, when it hit exchanges it basically lost around 80% of it's value, but I believe in the team and the product so I will not sell I am holding my coins till they evaluate which I still feel they will.
What I have however learn't from this is to never buy an ICO again rather wait for it to hit exchanges see what it does and make an informed decision from there. Saying that I am now looking for new coins to buy at a low price with massive potential, Which coins do you feel those are? I have had a peek at change bank they seem legit the team seems sound. Also do you know of any guru's on steemit that are experienced with new coins and ICO's that you can recommend I would love to follow them and get a few insights from the professionals?
Keep it real, thanks for taking the time to read this and as usual... Cheer$;)