MY FIRST INVESTING EXPERIENCE IN CRYPTO MARKET
Dear friends my first experience in crypto market was very wonderful and profitable as well. Actually, I didn't know anything about crypto, but I had a hundred dollar investment in it. A year ago, I invested a hundred dollars in Shiba Inu coin and my luck was such that it gave me 200 dollars profit for 100 dollars. Because this coin was trending these days and it gave many people very good profit. So it was my first investing experience in crypto and it gave me a good profit at that time.
MY FIRST INVESTMENT IN CRYPTO MARKET
As I have already told you that the first investment I made in the crypto market was in Shiba Inu. In fact, this coin was trending at that time and whatever social media I used to run, it was mentioned there, so this forced me to think why not do my investment in this coin. Seeing the huge popularity of this coin, I downloaded the binance application in my mobile and then I bought the Shiba Inu coin of 100 dollars from there. So the first crypto investment of my life was in Shiba Inu coin and it made me a lot of profit by the grace of Allah and I was very happy with it.
THE LOSS THAT I FACED DUE TO VOLATILE CRYPTO MARKET
Yes, I have faced loss many times due to crypto market instability. Actually, I was a newbie then and I used to look at my portfolio again and again. One time I invested 70 dollars in SOL coin. At that time the value of this coin was also about seventy dollars and I invested in it. After a while I saw that its value was almost gone to 62 dollors and I was very worried. But then when I looked at it again, it was about sixty dollars, and I sold it quickly because I was so upset, that's why I face ten dollars loss. So this was my first loss due to the volatility of the crypto market.
MY CURRENT CRYPTO HOLDINGS
Ever since I started investing in the cryptocurrency market, I have held many coins, but the coins I currently own are Polkadot (DOT) and GMT. I have invested in these coins because I am very sure that they will give me good profit in future.
Because The market Dominance of Polkadot (DOT) coin is 0.68% and its market rank is 12 thats so good. Its current market cap is $6,547,016,998.09 dollors that is so impressive. On the other hand, The market dominance of GMT coin is 0.06% and its market Rank is 70.
The market cap of STEPN (GMT) coin is $528,390,792.88 dollars that's great. All other fundamentals like the project team, investors, etc., are very good of these coins so I have invested in it. Below you can see the picture of my portfolio.
MY BELIEVE IN HOLDING CRYPTO OR CRYPTO TRADING
Friends as we know human life has ups and downs and same with cryptocurrency it also has ups and downs. Those who control themselves during these ups and downs become successful and those who do not control during them face loss. In fact, whatever we should invest in, we should have full faith in it, otherwise we should not invest in it. And with that in mind, I believe that I have a lot of faith in cryptocurrency holdings.
Because it has changed the lives of many people and I have seen with my own eyes that some people in our area did not have enough food to eat and now they are millionaires because of crypto trading or crypto holdings. And besides, if I talk about myself personally, I have made a lot of money from it and when it comes to cryptocurrency, its future is very bright. In the end, I will say that I have complete faith in it.
ADVICE TO A NEWBIE
There are a number of advices that I would recommend to newcomers to invest in cryptocurrency with ease. These advices include:
- Always invest in fundamentals coins like BTC, ETH, ADA etc.
- Read the project thoroughly before investing in it.
- Don't look at your portfolio over and over again.
- Don't throw all your investment into one coin.
- Apply DCA strategy to buy any coin from the market.
- If the market goes down, don't panic, just be patient.
- Do not invest in shit coins, because they are bad.
- Keep updated with the crypto you want to keep.
- Don't follow anyone do your own research.
- Do a technical analysis of the crypto you want to invest in.
So these are some tips for newbies for save or risk free crypto trading. I hope they can save themselves to a huge disservice if they follow them.
Other Details:-
| TOPIC | INVESTING EXPERIENCE IN CRYPTO |
|---|---|
| COMMUNITY | Crypto Academy |
| DATE | 26/07/2022 |
| AURTHOR PICTURE |  |
https://steemit.com/hive-172186/@malikusman1/achievement-1-by-introduction-malikusman1
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You've got a free upvote from witness fuli.
Peace & Love!
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I also faced a similar problem and I think a lot of newbies do to. Because they let their emotions get in the way and the fear of missing out (FOMO).
Not all shit coins are bad - a shit coin is any coin that has its value less than $1. We have promising shit coins like SHIBA, Trons, ADA and co.
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Thank you for you valuable comment on my post my dear friend.
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I'm happy to hear that you were able to make such a huge profit from your first investment. In cryptocurrency profit and loss in inevitable, just that one has to be careful, do a technical analysis and research before investing into any coin.
For shit coin, some of it are bad but there are some that has a promising future, some people had make millions through shit coin and some losses their money. DYOR before going into any cryptocurrency. Thank you for sharing.
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Thank you dear for commenting on my post and reading it.
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I can relate to your experience brother ,
You've got a free upvote from @general007 .
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Thank you for your support.
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your welcome @malikusman i also write on crypto if you have time please check that out . Might add some value .peace .
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Congratulations!
This post has been upvoted through steemcurator07
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It’s great to hear your crypto journey started smoothly that too with my favorite coin.😅
You let your emotions control you when you invested in SOL and made a $10 loss.I can’t imagine how angry you were but Alhamdulilah you’re a more patient trader now.😂
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Your are one lucky dude😂.
The only thing I can remember about my first investment was that it was scary. I didn’t get what I invested and I ended up leaving the market without even knowing what I was doing. Basically I had very little knowledge about the crypto space.
How I hate buying a coin when everyone is talking about it😠
I don’t know but I always seem to be the one who enters the market late when everyone is talking about it 😂. There are times that I have actually invested in shib and made nothing. I made no loss and no profit. Initially I made some gains but after a while it started plummeting because I was greedy and I wanted more.
I like the gmt token in particular. I’ve invested in it a few times, I wait for it to go less than 1 dollar and then I invest in it. After it breaks 1 dollar then I sell and wait for it again. It’s always fun investing in it 😂.
Yes, this is what most newbies fail to understand. Investing in a shot coin which you know nothing about might just end up ruining you. It’s always better to go for the Ones with huge market caps.
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