Steemit Crypto Academy Contest Season 3 Week 2 - My Experience Investing in the Crypto Market|| @hamza009

Assalam o alaikum!

I hope that all friends are fine and doing their jobs well. I'm also fine i Will come back to steemit after few days due to some crisis. Today I'm in steemit Crypto Academy community to take part in Steemit Enagement Challenge || Season3, Week2. Which is about my experience investing in cryptocurrency.

My Experience Investing in the Crypto Market

Pretty much every individual living on the planet these days has caught wind of digital forms of money. Bitcoin, Wave, Etherum, and Litecoin are only a couple of the many digital forms of money accessible to trade on trades like Coinbase, Bittrex, and Robinhood. These elective speculations/reserves are turning out to be increasingly well known, permitting ordinary Joe and Jane financial backers to take their well deserved dollars, get them, convert them into their preferred digital currency, and ride the cash wave. Or possibly that is the story we as a whole acknowledge.

I have chosen to check this crypto world out and opened my Coinbase account and contributed an unobtrusive $300. Presently I pick my viewpoint here possibly in support of digital forms of money. It is likewise not a money support. As a matter of fact, I'll be totally genuine that I don't know anything about digital currency, how it works, how it's esteemed, and maybe whether it's a "genuine article" or not. At long last, I'm not barring that cash is definitely not a "genuine article" by any means, yet that is a conversation for one more day.

The explanation I need to expound on crypto is to utilize my experience and results to put my well deserved cash in this elective speculation. My advantage in this point was started when I got a few calls and messages a couple of months prior when Bitcoin was above $13,000. Then "Bitcoin is $20,000!" Finding talking articles wasn't hard. Bitcoin $50,000! "Bitcoin $100,000" on the web. I won't lie, however my reaction to each and every individual who called or messaged me was: "I have no clue about encryption." Quick forward a couple of months after the fact and it's down over half and this is the thing I need to share what I realized.

Opening an account

It was not difficult to come by a digital money trade on Google. It was quite straightforward. My benchmark figured out which trade was the "most secure". You can't send checks or cash requests to these trades, so like most web-based monetary records, you'll have to connect a ledger to move reserves. In the wake of doing a little research, Coinbase scored good grades concerning security. So I enlisted a record, followed every one of the essential advances and connected my financial balance. The entire cycle required around 30 minutes. With such a decent crypto experience up until this point.

Risk between Bitcoin, Litecoin and Etherum

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Being a monetary organizer and embracing MPT (Current Portfolio Hypothesis) and the force of broadening, I chose not to put it all on the line for one coin and on second thought spread my gamble. My coins of decision are Bitcoin, Etherum and Litecoin. Bitcoin was an undeniable decision since it is so famous and well known. I had most certainly found out about Etherum and Litecoin, so I chose to buy 3 of mine. Being a devoted financial backer, I attempted to research the previously mentioned coins. In any case, exploration and numbers don't have a lot other than estimating and showcasing. The most extraordinary conversations you can find about these coins come as Reddits and Subreddits . So fundamentally it's simply a lot of thoughts. This was truly one of the primary warnings for me putting resources into crypto. With stocks and securities, I've forever had the option to effectively find speculation data, find the hidden business or security I'm holding my cash in, and pull the trigger. Crypto was certainly more troublesome.

I saw profit first day

I brought in cash… and quick! "Damnation yes!" About bringing in quick cash. Not much to say However I didn't understand the reason why it was developing and I had no clue about why it was becoming so quick. Somehow or another, I feel like most amateur financial backers take a stab in the securities exchange. "I don't have the foggiest idea why it goes all over" is an extremely normal refrain I hear at gatherings and get-togethers when I let individuals know how I make ends meet.

No clue about Crypto trade

After an ecstatic and grown-up like first day of devastating the digital money market, I really look at my record around 8am the following morning. To understand what the day has available for me. Shockingly, at around 2:00 am I understood that some worth (about $15) was absent from my record. This is where I discovered that cryptographic forms of money are exchanged every minute of every day. It was he was not known or totally ignorant. The US financial exchanges are open Monday through Friday from 7:30 am to 2:00 pm MST (my time region) and shut on public occasions. How would I stay aware of my typical 8 hours of rest each evening? In the wake of mulling over everything briefly, I persuaded myself that it didn't make any difference and was simply aspect of being a digital currency financial backer. Coinbase permits you to make stop-misfortune arranges so a programmed trade happens assuming that the cryptographic money surpasses your ideal sum. It isn't not normal for a standard merchant account, yet is for the most part not comfortable to stop misfortune fledgling financial backers.

Difficult to understand crypto

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Half a month after the fact, my digital money came rational a piece. It was more than $300 for the underlying venture, yet that is all there is to it During this time I chose to get familiar with organizations, eateries, etc. Check with them routinely to check whether they acknowledge crypto as installment. Obviously, the spot I went to acknowledged only charge, credit, or dollars. Assuming you search the web sufficiently, there are places that acknowledge Bitcoin and other digital currencies as installment for labor and products offered, however they are rare. To utilize my crypto to purchase food and brew, I would need to sell the crypto and convert it to dollars, then move the returns to my ledger. The cycle is the same than putting resources into individual stocks, yet "money" in the digital currency's name unquestionably suggests a smidgen more fast liquidity and usability for first-time financial backers.

losing money and don't know reason

Months went by and I watched with sickening dread as $300 dropped half to $143.53 Now, it didn't work out coincidentally, yet coming from a record asset and putting resources into blue-chip stocks, it was an extremely quick downfall for me. Also, once more, I had no clue about why Google was crashing past what I had accumulated on my Reddit account. I have seen days when my money drops by over 15% surprisingly fast. Truth be told, not hours, days or months. What pushed me along was my outlook that contributing is generally about giving long haul reserve funds. Yet, I didn't figure most financial backers and new companies didn't maintain that viewpoint, and I figured a great many people would sell as of now.

What is the choice? Have I sold my coins and shut the record? Would it be a good idea for me to twofold my misfortune by half and add another $300? Have you put resources into different monetary standards like Scramble, NEO or EOS? The response to the above is all no. I thought the $300 I had wasn't a lot of in the excellent plan of my in general monetary arrangement. So assuming that I lose everything and it goes to $0, I won't let the skin away from me. Be that as it may, I was shocked to see a greater number of individuals begin putting resources into cryptographic forms of money than the underlying $300 speculation. As I said before, I can't let you know if crypto is a wise venture or not, or precisely what monetary standards you ought to pay your well deserved cash into. I simply needed to consider my experience and what I went through. In the event that I can offer individuals one piece of guidance, it's that putting resources into general isn't the method for making easy money. Any speculation that pays off demands investment, commitment, a solid soul and an eagerness to face challenges. Likewise, you ought to continuously watch where you put your cash and perceive that getting in a pinch is so natural. Presently, I'm certain there's a ton to say regarding digital currencies and their position in this present reality and later on, yet that is for some other time.

Do you believe in Holding or Trading cryptocurrencies?

Yes i believe in Holding and trading cryptocurrencies because i know the strategy of crypto holding and trading. I know about Market of cryptocurrencies and the other thing due to which i believe in crypto investing and holding is that it gave me a huge profit except for the first-time because at that time i am a beginner.

Holding LUNC

I'm holding LUNC. I will get reward for holding for LUNC once. Still i hold LUNC. It will give me a huge profit below are the screenshots.

Advice to a newbie investing in the cryptocurrency market.
It is very important for us to guide the newbie's in crypto who don't know about the Crypto and don't know about investing and crypto trading and want to invest in crypto. I advised them to talk to their any friend who knows about crypt or any crypto expert to get a good idea and get some knowledge about Crypto.

Conclusion
This is my experience in crypto investing. My experience for first-time is worst because I'm investing for the first time and don't know about it. But time by time i have learnt about investing in crypto.