Hi Fellow Steemers!!
It all started when I first heard about Bitcoin and it was under $1, but I was skeptical and didn't know what it was so I just went on with my life. I would check the price once in a while to see what it was doing and I basically watched it go all the way to $1200 usd and I was like wow I missed the boat on this one!! Then it crashed and I thought lucky I didn't buy any. Bitcoin then left my mind and I thought Bitcoin would disappear forever.
Then on April 29th, 2016 while at work I received an email from Doug Casey's newsletter service talking about block chain technology and how its a game changer and how it was different from Bitcoin. This article highlighted Ethereum and at the time it was around $8 usd. I was always a bit skeptical about cryptocurrencies as they were new and I didn't understand them at all. I thought these things were all scams and couldn't be trusted!!! And after watching what happened to Bitcoin I was a bit scared. I checked the Bitcoin price and noticed even though it crashed it was still expensive around $300 usd which meant Bitcoin was here to stay. So I thought maybe this was an opportunity to get in early as an investor. So that weekend I read as much as I could about it and it was crazy confusing because it was difficult to buy Ethereum. I actually almost gave up because it seemed too difficult but I kept reading and reading.
The first thing I ended up doing was opening up a Coinbase account since it seemed the easiest at the time and it was on May 2, 2016 when I purchased my first 0.883 Bitcoin and then another 1.234 Bitcoin in which Bitcoin was around $560 cad. I was excited as this was all new to me!!
Now to buy Ethereum you had to use shapeshift.io to convert your bitcoins into ether and so I did that and transferred my ether to a paper wallet on myetherwallet.com for safety as everyone said its not safe to store crypto's on an exchange. So thats it!! Ever since then I've been addicted to crypto's just like Korean Dramas!!
If Doug Casey is out there, I must send my thank you to him!! I was very fortunate to have the opportunity to get into Ethereum early. Investing is a learning experience, I've made many mistakes on my journey to manage my own money and learning from your mistakes is the most important aspect of investing. The markets will make you wiser as it will tell you if your investment analysis is right or wrong by rewarding you with profits/returns or taking your money through losses. I urge everyone to take control of their own hard earned money and invest for themselves!
Happy Investing!! and if you enjoyed this post Please Upvote, Resteem and Follow @xredsoulless!!!
You heard about btc in the first year it was launched? It reached parity with USD in a really short time relatively, so you must be quite tech savvy as well?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I work in the financial industry so I always hear about new things people are investing money in, but i'm trying to learn to be more tech savvy, i've actually been thinking about attempting to build my first mining rig for crypto's
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Okay, very cool. Look into @veers profile , she's a finance student, non tech savvy as well, if you're interested :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for sharing!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
EXCELLENT! I am just getting involved in this sort of fun myself, and I have so much to learn! Ugh it's all so exciting, maybe even a little frustrating. Knowledge is power though, right?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes knowledge is power and very exciting times in the crypto world!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit