I will never sell again… what I have learned about crypto since 2013
cryptocurrency·@johnthompson·
0.000 HBDI will never sell again… what I have learned about crypto since 2013
# <center>I will never sell again… and what I have learned since 2013</center> 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](https://www.theverge.com/2014/9/23/6833047/bitcoin-conspiracy-theorists-vindicated-as-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](https://vapage.com) . 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. # <center>Please, comment and let us know what coin’s YOU are investing in and why.</center> and stay diverse my friends.