Steemit Crypto Academy Contest / S3W2 – My Experience Investing in the Crypto Market by@osiola.
hello everyone.
Risk to gain more and I will like to used this opportunity to @crypto-academy community for giving us this contest.
Life itself has ups and downs , but they always come and go, you cannot always be enjoying always there are sometimes things wont be moving well for you and you have to be the only one to face your problems and there some days things will be moving well for you and you think you are the only one God is a blessing.
this applies to the crypto market sometimes a go a lot of people were making a lot of profit in the market but now the market is declining every day.
The cryptocurrency market is something that you will risk is either you make a loss or a profit.
But I still have hope that with time the cryptocurrency market with come back to the way we used to know.
Discuss your first experience
investing in the crypto market
At first, I didn’t know what cryptocurrency was and I didn’t know it had a market where they do selling and buying of cryptocurrency.
I got to know it when I was introduced to the steemit platform and I made an up post on my achievements one task and they voted me seven dollars and that time being voted for that amount was a huge amount of money so when they posted payout, I have to download Binance wallet and now covered my SBD into steem,
from there that was when I made my first transfer from a steemit wallet to a Binance wallet.
my first investment in crypto was, I heard my
friends talking about a particular coin called Shiba Inu that was the particular coin I invested and when I invested in this coin i made hundred dollar profit in this particular and from there I started to develop much interest in cryptocurrency
my first experience in crypto market was there are times you will laugh and they are times you will cry but you have to make sure you know the particular cryptocurrency very well before you invest into it
What is your first investment in the crypto market and what drives you to invest in the crypto market?
like I have said early that the first cryptocurrency I invested in the crypto market was Shiba Inu.
And what made me to invest in this coin was a friend, who first saw this particular cryptocurrency at the crypto market called shiba inu and said I should invest my assets into it and when I bought this cryptocurrency from the crypto market I made a profit of hundred dollars and I was very happy on that day.
Have you ever encountered any loss as a result of the instabilities in the crypto market? Discuss
I have made a loss in the crypto market just recently I was having about fifty dollar Bitcoin inside my Binance wallet and when I look at inside the wallet it was left with zeros
And I wasn’t sad because you can’t be winning every day and you have to lose too but I still have higher hope I will recover from what I have lost from the crypto market.
What crypto assets are you currently holding? Why did you invest in them? Please take a screenshot of your portfolio
currently, I am not holding any cryptocurrency inside my wallet because I have made couple of losses recently and because of that I have trade all my cryptocurrency .
As an experienced cryptocurrency investor, Do you believe in Holding or Trading cryptocurrencies?
for me, I believe in holding because you can hold a coin and make a profit but you can also trade a coin make a profit.
but holding is the best as an investor because when you hold a coin the value of the coin can increases ten times its value at anytime so it is always good to take a risk as an investor.
When you are into cryptocurrency holding your assets is the best thing that can happen to you so it was always good to hold your cryptocurrency.
What's your advice to a newbie investing in the cryptocurrency market
cryptocurrency is something that can make you rich today and in the next five minutes you will be poor
my advice for them it’s they study a coin before they invest in it
they should learn how to take a risk because in crypto market you must risk more to gain more.
they should also hold cryptocurrency and stop trading it because you can hold it and make a five percent profit so it always good to hold a coin.
The Crypto market is a place where buying and selling of cryptocurrency are made in the crypto market And I will like to invite my friends @rubilu123 @chenty to participate in this contest.
Thank you for publishing an article in the Crypto Academy community today. We have accessed your article and we present the result of the assessment below
Comments/Recommendation
Overall, you have done great to discuss journey as a crypto investor. You could have explored more in your discussion. Thank you for participating in this contest.
Total|6/10
Thank you so much prof
Oh I guess you faced many losses in crypto market dont worry i hope you learn something new from your losses because when lost something you must learn something too good luck for your entry
Thanks for the invite bro. Just like you, I got into the crypto through steemit. Wow you were part of those who gained massive profits from Shiba Inu. It’s just sad it hasn’t been able to rise again.
Yah, but still have hope that things will get back to Normal.
I have heard of this trading a lot but I really need to understand it well if only I will have a good teacher. Thanks for your article.
Make sure you get someone who understands how to read those coins very well to teach how to read them and when you read and you understand the trend of that coin make sure you invest more into that coin to gain more because when you invest less, you won’t get more so always have the mind set of an investor.
I think a lot of people had a first hand experience with cryptocurrency after joining the steemit platform.I must say I am really surprised at the huge knowledge the academy alone has impacted in students who continuously participated in the crypto academy assignments. This really helped in broadening the knowledge of most of us after joining steemit.
I think you might have invested in the shiba inu coin late last year right? That was when the coin was skyrocketing and most people where investing. Where you able to take out your profits? I reckon a lot of people invested but because of greed they ended up loosing their profits.
Oh buddy I think you made morethan a few losses. Selling all your asesets in the bear market means you bought high and sold low.
I was able to take my profit off and I didn’t make any loss in shiba inu but the only losses I have made recently is Bitcoin, looking at the way it was going down , I was afraid that made to sell those coins I was having and thank you for passing by.
Unlike you I stared trading before steemit with little experience. Then I taught only Bitcoin was crypto😅.
Don’t let the fact that you made losses hinder you from acquiring any asset again. Try to look for the best asset available to hold.
I totally agree. And also not letting your emotions get the best of you in investing is also very key. I remember missing out on SHIBA last year all my friends were telling me how they made money from it. And I quickly jumped into because I didn’t want to miss out. And lost a few dollars.
Thank you for sharing your experience with us. And good luck
Always try to invest more and gain more ,
Thank you so much for passing by.
Good explanation about your crypto jouney.
In crypto market we earn quickly at the same time we loss quickly too.
Nice entry from you. Best of luck.
as an investor always have the mind set to risk more gain more, and thank you for passing by .
Agree.
Glad to hear that steemit gave you the platform to earn, and also, you learned about Binance functionality through your engagement with steemit. I also what to add that I feel that not having any crypto investment is not advisable as now remains the best time to accumulate crypto for free and grow in the process.
Also, my view on investors either holding or trading contradicts yours. Either way, your points are valid. Thanks for entering the contest. Kindly check out my entry too
Thanks for going through my work.
Mg pleasure
Similar I also got to know about cryptocurrencies when I was first introduced into steemit platform. The steem currency was my first currency and even previously I used to send to a friend whenever I want to sell until I also created my personal account and learned how to sell using P2P trading.
Yes, holding is good for long term investors whilst the scalpers can also utilize trading to make more profits from crypto assets.
Thanks so much for participating and good luck in this contest
This is a work well written, a research well done.
I must commend you @osiola for this detailed explanation on your first experience to the cryptoworld
Many individuals were introduced to the cryptoworld because of steemit and this is nice, many were introduced by friends, I personally was introduced by my friend
You really took your time to make this detailed and interesting post, I really enjoyed going through it.
You have explained your first experience in the cryptomarket, which is quite appreciated and well understood
You also explained the first investment you made in the cryptomarket, which is nice.
The first investment I made was on safemoon which I'm still holding on to 😂
Thanks for sharing this important post.
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