Next couple of days will be crucial to define eth's price in a short future. People are worry about BTC's fork, ETH's Casper and Metropolis, on top of that, quite a lot of us cashed out when ETH hit £320 plus the issue on GDAX.
However, I believe it’s safe to say that the great majority of us, including myself find very difficult to understand how all those forks, Segwit and updates on platforms and coins really work, without mention how it would even effect our small investments.
ETH is still the most talk about coin in 2017 and, lots of serious projects and companies are using it. Uncertainty is playing a massive role in this market reason why I'm not making any drastic decision. Another day just a fake news of the suddenly death of ETH’s creator was enough to help dragging its price down, which shows how delicate this whole market is.
I’m definitely not an expert, in fact, let me share a bit of my story which is most certainly not an advice. Last year I finally realised that a pay rise at work was most likely not to help. Hence I was faced with a dilemma, leave a company which I like and been working for years and, hunt for another job and enter the uncertainty world of job seeking, Brexit was fairly new and no one really knew how this would affect us (we still don’t).
Or I could try to find a way to start a savings account without taking money from my wages, living in London with a small kid can be very expensive. My plan was simple, I’d sell anything which I no longer use and put the money aside until I figure out how to invest it. I sold, pens, t-shirts, broken phones, iPad’s boxes, glasses, dresses, jackets, you name it… I used eBay, Mercado Livre, Amazon, Shpock and many others. I lost money very few times, made more and most importantly I learned a lot.
Around December 2016, after studying for few months where to invest, I concluded that Cryptocurrency could be a way. Back then BTC was already very expensive and 1 BTC was already 3 times higher than the amount I’ve made selling stuff online. Somehow I bump on this guy’s YouTube channel, Omar, Crypto0, talking highly about ETH, which fascinated me. Two things changed drastically ever since, ETH’s price is no longer £8 and Omar Crypt0 has no longer only 7k subscribers.
I started reading and follow as much as I could about Blockchain technology, new ICOs, I even thought about mining or getting involve in Pump & Dump group but gave up after realising how little I knew about those. I enrolled myself in a university as a mature student and started to publish my essays in sociology on the Steem platform. It helped me financially as well.
Thankfully, I made some lucky decisions with cryptocurrency however, I never left my day job, I never stop selling stuff online, I never gambled on my ETH, I never took a penny from my salary to invest in digital currency and I never raise my living standards. Cryptocurrency helped me to put a deposit on a small flat which would be unthinkable few months ago. I’m still very conservative about investing and I like to think that few guys gave me very good advises.
I still watch Crypto0 religiously and I’ve added another great communicators such as Chris from Cryptoverse, CryptoGordo and NodeInvestor, they all have different opinions but, they all treat cryptocurrency with respect and approach investment with caution. As I said, it’s not an advice, just a reading of a chapter in my life.
Thank you!
https://www.youtube.com/channel/UCdUSSt-IEUg2eq46rD7lu_g
https://www.youtube.com/channel/UCLnQ34ZBSjy2JQjeRudFEDw
https://www.youtube.com/channel/UCa81HAp1se359Sr5qEMMP7A
https://www.youtube.com/channel/UCrcyrhSzFy9s-orc2uqAyXA