Hi guys, I welcome you all to my blog, thank you for making it time to read from my blog. I am @ dave-hanny, I am happy to be a partaker of the ongoing contest, big thanks to the crypto academy community for bringing such an educating topic for steemians like myself to look back from where we started and how it has been throughout the journey of the crypto world. Biggest thanks to the steemit platform for an opportunity for looking out for the less privileged to give help to those who need it most. Below, I am going to be writing on a topic; my experiences investing in the crypto market so be relaxed as you read about my experience.
Discuss your first experience investing in the crypto market.
Yeah! Everything in life has a beginning and in life, there is always a start of something you are already presently an expert on, and being an expert starts from somewhere whereby the journey has not been funny at all. So, I was a beginner in the crypto market and now, I understand not all but almost all I should have ideas on. It all started when I met a gentleman last year ending who has been in this for a while now, he saw the need to introduce me into the crypto world as to say. He started by telling me first about how the market moves and operates that it gives joy when the market goes up and also gives sadness when the market goes down.
The gentleman by the name @simonnwigwe after much explanation introduced me to this amazing platform which is the steemit platform that rewards steemians for good or hard work in cryptocurrency coins which are in steem and trx(Tron).
My continued seriousness in the platform has fetched me a lot of coins in my wallet and he further explained the operation in roqqu wallet also where I can transfer to my roqqu wallet to be kept or used. All of these explanations were done by the young man and I started being part of the crypto world this year in April and now, I am happy I can operate in the crypto market.
One of my experiences in the crypto market was that I invested a little amount Of money to buy steem which is one of the coins at the rate of 150naira after some weeks I have been watching the prices so I realized the price of steem shoot to 295naira I was thinking it was just a formality but to be sure and to believe the crypto market and all my friend said, I asked him to withdraw my money to be sure of this increment, I withdrew and I could withdraw the unbelieving increment and now, any money I have I invest because I know I may smile someday with its price in the future.
Another experience was that I made investments in cryptocurrencies which from when I started was favorable but presently prices of coins have dropped down but I am still hoping that they will come back to normal price or higher. Cryptomarket fluctuates and that is why it is called a cryptocurrency because it flies up and down.
After some months, I realized the crypto market is not predictable but it is a market that needs patience and hope for profit or loss depending on the market at the moment.
Finally, on the above question, I never had any bad experience much because my mentor was very close to me so, everything was easier by asking the necessary questions before making any step and that has been smooth with fewer negative experiences however, I am still a newbie to the system may be some negative experiences are yet to come but it is not my prayer anyways.
What is your first investment in the crypto market and what drives you to invest in the crypto market?
The first investment I did in the crypto market was with STEEM and TRX.
Now, fortunate enough for me, @simonnwigwe introduced me to a platform where I can work hard to get rewarded in steem ad in trx. The platform is a very unique and sensitive platform with the vision to help individuals and it is the only social media I have encountered so far that rewards its users for their hard work which is the more reason that drives me into investing in such coins. The platform I am rewarded in steem and trx and then pays out after seven days to my wallet. Therefore, in summary, I derive joy in investing in the crypto market because I have a source of getting those two coins.
Another reason I invest in the crypto market was that the steem and trx have less price, trx is presently 45 naira and then steem is 170 naira so, you can see it is cheaper and not very costly like Bitcoin.
In the crypto market, there is an assurance that your money is very safe so I believed my mentor because of what he said about peer-to-peer transactions and your private keys which belong to only the owners so, which has driven me into investing in the crypto market without doubts.
Have you ever encountered any loss as a result of the instabilities in the crypto market? Discuss
Yes! I have experienced loss as a result of the crypto market instabilities.
Though I started investment last year in October when I bought steem at the rate of 250, the coin kept moving up, and this year around February or march it was almost 300 naira per steem, and surprisingly, there was a huge drop in the crypto market and the price came down to 130 naira. which have gone down than the money I invested on. I was moody that week but thank God it's gradually coming up again presently, steem coin is at 170 naira trusting Google d it would go back to normal or higher than the initial.
The Crypto market can get up and bring an investor down within a minute and it is such that Cannot be predicted. I was not too disturbed because I was told by my mentor not to be surprised if such occur but despite that, I was really worried. Crypto marketing made some people faint therefore, it is normal.
What crypto assets are you currently holding? Why did you invest in them? Please take a screenshot of your portfolio.
The asset I am currently holding in my wallet is STEEM and TRX (Tron).
I am proudly a steemian and I told you how I get rewarded in the amazing platform therefore nothing should stop me from holding Steem and Trx as my investment. This is how it is done in the steemit platform, you write a post with good content, the community moderators go through your article to review the article and grades the article, lastly, the steem curator comes around and vote the article in dollar and after seven day pays out in steem, steem power, and Tron. Which can be powered up immediately to the wallet. So you can see how beautiful it operates.
I invest in them because these coins are not too costly.
I invest in them because I have a source f getting such coins.
As an experienced cryptocurrency investor, Do you believe in Holding or Trading cryptocurrencies?
As an experienced cryptocurrency investor, I so much believe in trading or holding cryptocurrencies, and that is exactly what I'm doing by powering up my steem to be kept till when the price will be high or for future purposes.
I do not know why I believe so much in Cryptocurrency trading or holding of coins because no matter the fall of the price I always have this hope that it would rise back to a higher price therefore cryptocurrency traders or holders are sure to have profit if they could be patient enough. I will always encourage every steemian who might come across this post to be patient and a day shall smile at them because the crypto market is sure to keep safe, sure in protection, and sure in ownership so, be relaxed as you keep your coin for future exploit.
What's your advice to a newbie investing in the cryptocurrency market?
I was once a newbie and I said earlier that, there is always a beginning in every step of life. The Crypto market will never know if you are a newbie or not so, my advice to the newbie investing in cryptocurrency should be careful in choosing the coin to invest in because the crypto market would never mind who you are as it fluctuates by rising and falling.
Indeed, most coins by their prices alone should not be invested in unless the investor is someone who has more than enough money for investment in coins like Bitcoins, Ethereum, and so on. But as a newbie, start from the affordable, start from the coins that have lesser prices so that you can always have hope of it's rising but if a newbie goes for a higher coin, the fall can be so heartbreaking.
Also, a newbie is always a newbie, my cordial advice to the newcomers into the crypto world is to always read over and over again for better understanding before commencing any transaction or a newbie should always ask questions or go for research to know more about the crypto market so as not to have negative experiences as cryptocurrency investors.
Dear newbie, please be aware or know that there is risk in the crypto market.
A newbie should also be aware that, his wallet's private keys should be kept safe.
Thank you all for reading through my post, I appreciate your time reading through my post I look forward to your support and comment. I am inviting @yakspeace, @simonnwigwe, and
@olabillions to participate in this contest.
muy buena reseña de tu experiencia como criptoinversor, cada día aprendemos y creceos mientras ganamos;
exitos y feliz inicio de semana!!!
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Thank you @graceleon, making it time to my post is my joy and im happy to have you around, thank you for commenting on my post and i wish you the best in the contest.
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