I will never sell again… and what I have learned since 2013

I first got interested in bitcoin and crypto currencies back in 2013. In fact, I was lucky enough to purchase bitcoin on time for under $100. You can see my transactions from CoinBase.

My luck of course would not last.. I made the huge mistake of selling @ 273.79. At time, I was ok with it because I made an good profit.

I had a similar, but much better experience with LiteCoin, I was able to trade some Bitcoin for LiteCoin at a $2 to $3 evaluation.

And later sell ¾ of my stash around $40.

I thought this was an incredible profit at the time. Looking back, it’s far less impressive. And if given the chance, of course I would never have sold anything.

Being sort of a tech nerd, I quickly found myself involved in mining bitcoin. I started with USB ASICMiner Block Erupter USB 330MH. I ran 20 of these on my desk and they worked pretty well.

Yes, I was using a MAC in a linux/pc world of mining. Made doing everything a little more interesting and complicated. A little later was able to purchase a two Butterfly Labs gear and actually receive them before the FTC stepped in and apparently shut them down. FTC SHUTS DOWN BUTTERFLY LABS

Those butterflys were cooking, for the time. A then came the bitcoin price crash. I promptly sold everything on ebay, at a loss. This turned out to be a pretty big mistake.
For a brief time, I even convinced my team at Spark Industries, where I work, to accept bitcoin as payment on VAPAGE . This was too premature and even though coinbase built a nice platform for accepting bitcoin, it seemed none of our customers either had bitcoin or wanted to use them for electronic cigarettes / vape gear. The experiment was eventually scrapped when it was barely used.

My mistakes continued as I liquefied all my remaining currencies, and then practically forgot about crypto. Except for the lucky swapping of Ehterium classic for ETH, I pulled off after several pestering emails from CoinBase. Until March of this year, just before bitcoin took off again, I decided to sell one of my few remaining coins for a few bucks and buy Iraqi Deniar.
biggest bone head move BTC march, when I decided to investing a little in Iraqi Dinar.. Now that is a whole different discussion I may post on at a later date.

I have learned a lot of valuable lessons:

One, it is not possible to pick the winner, no one can see the future, only can make educated guesses on what coin, if any, are going to go up.

Two, what you think is an outrageous price for a coin, may just turn out to have been an awesome deal, for example $515 for bitcoin in November 2013.

Three, diversify. It’s important to diversify, because next week there will be a different coin winning the crypto race.

Four, it’s important to look at the long term. This was impossible for me to do back in 2013, when BTC had only really been around a few years, now I can say definitely crypto currencies are here to stay in some form.

Looking forward, the title is misleading, I will sell someday, but that’s also a different strategy yet to be formed.

I’m very interested in the following, but incomplete list of currencies:
Etherem, Bitcoin, Steem, Ripple, Monero, Zcash, litecoin, tezos and dash.

Please, comment and let us know what coin’s YOU are investing in and why.

and stay diverse my friends.