Hello Steemians, I'm new here, and I thought I'd make my first post about one of my first experiences with crypto. Back in May, I bought some Bitcoin, around $1000 worth. I had equally divided the money between 4 promising coins. Stratis, Steem, Ethereum and Digibyte. Basically I put in $250 in each coin. Towards the end of May, I saw digibyte grow rapidly, and towards the beginning of June it grew even more. I didn't want to miss out on my potential gains. So I sold the over cryptos and put everything into Digibyte. This was a huge mistake. Digibyte dropped big, but I still believed in it. I decided to forget about it, and check a few months later. Unfortunately, Digibyte had dropped from the 5 cents when I bought it, down to 1 cent. My $1000 had turned into $160. This discouraged me from ever touching crypto again, but recently ethereum has dropped big, so I decided to buy some. I bought when it was $160, and amazingly, it's above $200 now. And recently, I came across Steemit. It's really amazing platform, so I decided to try it out. Anyways, the moral of the story, is not to put all your eggs in one basket.
Losing Big on Digibyte
8 years ago by kinectsahil (25)
$0.25
- Past Payouts $0.25
- - Author $0.20
- - Curators $0.05
Good ideal to come back here. I guess since the Digibyte is only worth 160 now you might as well hold in case it recovers.
BORK!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yea, no point in selling now. Might as well hold. Thanks for the advice!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @kinectsahil Thank you for sharing your experience. I beleive many peoples who just get into crypto have this kind of experience. Your though is good forget about it and look at it again in 6 month it must be better than today. You take the crypto train just before one of its worth time but it is just matter of time. Anyway think crypto as a long term investment. Welcome into Steem community you will be happy here. Peace
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the warm welcome!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I wouldn't give up on it just yet. I've just brought 1000 digibyte coins as they're cheap at the moment. Do I bit of research into them and you'll see why they're one to watch at the moment. Digibyte is also up for awards in the Citi challenge.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Welcome
For supporting Minnows, @whalegonewild is the new project
started that upvotes the minnow posts, for more details visit @whalegonewild.
First upvote is for free.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @kinectsahil! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit