I started crypto investing in late 2017. Just getting out of college and finally had some money to YOLO into certain things. First thing I found (as many young men did) was crypto.
Now, at this time BTC was king and the ICO craze was in full swing. ETH was viewed as a necessary evil for speculating on ICO. I invested in many top tier quality coins such as SpankChain…..
After things started to crash in early 2018 I lost a little faith. My capital would never be recouped for many years. However I stuck with it and continued to learn. Learned that ETH was more than just gas and BTC had a solid use case.
Some of my YOLO buys like SOL, ADA, DOGE, and ZIL had done a good run up so I decided to take some chips off the table. Overall I turned about 50k into 200k at today’s prices.
My secret….auto-buy on an exchange. Your worst enemy in investing is yourself. Just look at Warren Buffet. He hates crypto but his techniques are solid. He’s an incredibly boring investor but has accumulated steady wealth over many decades. Setup a weekly or monthly auto-buy for BTC and ETH and forget about it.
Seriously….forget about it. Take that “coffee money” as Dave Ramsey would say and throw it away. Delete Gemini, Coinbase, Crypto.com, and coingecko from your phone. It will pay off in a few years. You won’t need to be checking prices because your friends and coworkers will be talking about it. That’s the time to take some profits.
GLHF
-Booth
