Showing My Crypto-Portfolio And Telling My Recent Story
crypto·@skyefox·
0.000 HBDShowing My Crypto-Portfolio And Telling My Recent Story
I apologize ahead of time for the pictures! You may have to zoom in to see the numbers, depending on your monitor size and resolution. I am sharing this story for a couple reasons. My first reason is because I am actually proud of what I have done. My second reason is that I have great faith in my investment strategy, even if it is simple and non technical. To be honest, I am not that educated in the world of cryptos. I have been in the space for quite a while, I have an IT degree, but still all the technical stuff is over my head much of the time. My story begins a few years back. That's when I found Cryptsy. I found it because DOGE was rising rapidly and it looked like easy profits. I made a coinbase account, bought some bitcoin and started trading. In my first day trading, I made money and thought to myself "Well that was easy." And it was, It was easy to jump in a ride the wave up. I think DOGE shot from 60 sats to roughly 230 sats back then. Long story short, Cryptsy fucked everyone. They did this really COOL little thing where they claimed that the trade servers were overloaded so they made my order go through 2x and when I sold they put me in the negative equal to what my balance was supposed to be. Since I bought .46 worth of DOGE then sold it, they put me in the negative .46 btc. The response from support over there was horrendous. And FUCK BIG VERN. Here is an SS from back then. Sadly I lost access to the email that I had made my Cryptsy account with so I am not even part of the Class action lawsuit and I will probably never see my .4 BTC again which is very frustrating considering the current price.  I opened a 2nd account to ARB on... I couldn't keep my mouth shut because I was so pissed so I started complaining to the bitch MOD Horus (I know this sleezebag fuck is still around the crypto space) about how wrong this was, and this was his response.  And can you actually believe this is the response I got from support? After they admitted it glitched they still press me for more money! What A JOKE! Straight THEFT!  # Fast Forward A Couple Years Now it's the summer of 2016... I had left the Crypto space after being robbed. I was only making 9$ an hour and I couldn't afford to be "gambling" on unsafe things and losing money. I was under poverty level, I hated my job, my daughters monther was addicted to Oxy and I had my daughter full time... so I had walked away for a couple years. But in 2016 there is just too much going on! I must jump back into cryptos there just seems to be so much opportunity! So I opened a Poloniex account. At the time, BTC were 440$ each, so I bought 1.5 BTC. Ethereum was very volatile and I had already heard from others about it rises from a like ICO price to wherever it had reached, like 40-50 USD, I can't really recall. Either way I was blown away by how much it would rise and drop and the volatility, so I got into trading eth. I felt like I was good at it, I was having successful trades using a margin account. I had no real trading experience but sometimes people would push Eth +5% in 5 mins or less, again it seemed easy. Long story short, I turned my 1.5 BTC to 4 BTC. It was worth roughly $3,000 USD at the time. I got over confident and wishful and somehow I managed to lose it all. I mean, I lost 99% of what I had..... after I reached a certain point I went all in and didn't really care anymore. I got screwed during the "Dao Hack" since Eth had a huge uptrend, many people were long and then BOOM! Huge server lags, couldn't close longs, many people got margin called and I was one of them. My confidence was shattered, I felt that I had wasted so much hours for nothing, and I had.... After losing all my money AGAIN, this time being more my fault, I walked away from Poloniex with 5$ USD in the account. Which brings me to 2017. I started watching Poloniex again since it was seeing a massive rise in users and many coins were having massive swings... it was so tempting but I wasn't willing to buy more BTC especially since it was sky rocketing and there was so much talk about the bubble bursting. It's really hard to recall all the trades I did, but I know it started with the huge rise in ripple... the original rise. I had only 5 dollars so I was like of like "fuck it" and I bought XRP, transferred it to my margin account and went LONGGGGGGG. This is before ripple hit 5k sats. Well, ripple saw some huge increases and suddenly from my trading back and forth I had 50$ USD. Then came a HUGE BTCD and XBC Rush. Both coins got pumped 600%+ in 24 hours. I got lucky and got in on some trades going up. I don't even recall what it got my too, but I think it was roughly 250$ USD. Since I had lost so much money last summer, I was trading very cautiously now that I had actually turned my 5 dollars into a little something. I picked up a book about trading stocks by William O Neill Titled "What 80 Million People Need to Know to Invest Profitably and Avoid Big Losses". I read through it fast, I wanted to learn what to do and what not to do. And I understood that these trading techniques apply to stocks and these cryptos are much different. But, some of the information is very helpful for developing a trading strategy. I made rules and I started to follow them. # And I Started To See Profit! Most days I was going to bed with more BTC than I had woke up with. Some days it was small amounts, like 10-20$ USD. Some days I took small losses, but for the most part I was pulling out of trades that had went the wrong direction 1-2%. I would take small losses and wait for big gains. # Fast Forward A Couple More Months And Now I Have Turned 5$ Into $4,800 And I Feel Great About It! Somedays I feel like I just get lucky. But with talking to others, I understand many people lose money trading while I keep climbing. I am not bragging, I am just proud of what I have learned and what a little determination and drive did for me. # So I Decided To Start Investing In Lower Priced Coins, And This Is Why... I understand that it is not a normal thing to be transparent about your investment strategy, but honestly I like to see people do well and I am not greedy. I decided that when I would profit decently from day trading, that I would invest 10$ into lower priced coins and let it sit for 12+months. # Here Is What I Am Currently Holding. I have sold none of the bitcoin that I have profited, but I did transfer .4 BTC to Coinbase just so that everything isn't in my Poloniex account.  So as I said, I am slowly buying 10$ of most coins and letting them sit... and this is the reason why I am doing it and I suggest other people do the same thing if you can afford it..... The other day I went to coinmarketcap to do some reasearch and just see where coins were 12 months ago.... # What I Found AMAZED ME At the time I was holding only 24 cryptos, so I did research on just those 24.... I found that NOT ONE OF THE COINS WOULD HAVE BEEN A BAD INVESTMENT! And since BTC had risen so much, many of these coins had astronomical increases! If you don't believe me, go take a look at the USD price 12 months ago compared to today.... I kid you not.... 10$ invested in these 24 coins 12 months ago would have been $16,661 today!..... THAT IS ABSOLUTELY REDICULOUS. And I really hope we see similar results this year. Why am I sharing this? Honestly, I believe it's a win-win the more people that know about this. Many of these coins can't be shorted, so the down pressure isn't near what the up pressure is over a long period of time since folks only profit from the rise.... In the end, everyone wants to make money, so we all want it to rise. I know, I know. I might get flamed for not holding Steem at this time in Poloniex, but all my Steem is in this account currently. I honestly hopes this helps you. Cryptos are tough, but I love to see people prosper! I want us all to win! I know I am not the only one doing something like this. And I know people have been more successful day trading than I have. BUT IF I CAN DO IT SO CAN YOU! Thank you for reading, I hope it helps you in the future! Cheers!
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