Steemit Brought Me Back To Crypto After Being Crushed By BTC, XMR, QRK

in introduceyourself •  8 years ago 

Hi I'm Brian!  It is 2:47 am in Arizona and I am super excited about this platform and want to thank the community and the developers for working on this.

My crypto journey started in 2013 when I first found out about Bitcoin.  Somehow even though I have a love for computers I hadn't heard about Bitcoin before that.  It was around August and it hadn't quite went totally super nova yet.  I was doing my research and was looking into the mining aspect.  I found that very fascinating.  I started mining Quark on a couple laptops to learn about it.  Quark shot into the stratosphere and the $40 worth that I mined became $750.  I was like HELL YEAH! Boom-shakalacka!  

I constantly was looking at the prices and researching more and more about the technology.  I eventually went full force into GPU mining and was loving it for awhile.  

Once the Scrypt ASICS entered the picture I jumped to mining Monero.  I was one of the first Monero miners.  Eventually the price sag on all crypto was like entering NUCLEAR WINTER.  

I couldn't continue to run the equipment and eventually had to sell out of all the mining equipment which was very sad for me.  I eventually got washed out of my remaining BTC and even though I knew eventually the halving would happen and crypto would eventually surge again I had too many other obligations to be invested.  :-(  It was terrible.  

I even banned myself from looking at Coindesk and CoinTelegraph to avoid depression.  I would allow myself to look at CoinMarketCap once a week.  

THAT IS WHEN I SAW STEEM! 

It was bypassing a MOON shot and heading straight for MARS!!!!!  

I still feel that #Bitcoin and #Monero have big futures ahead but #Steem and #Steemit have brought back the excitement of crypto for me!  

I just want to thank everyone who reads this post and as a community we can learn the technology together!  

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  ·  8 years ago Reveal Comment

Some times we need to pick ourselves back up and try again we all have made mistakes but our biggest mistake is to give up and stop trying we will win if we never give up

It is so true! It was depressing but I haven't given up. Steemit brought me back. Here is my latest post which goes into my situation more. Do you think I should sell my house for BTC? https://steemit.com/house/@brianphobos/should-i-sell-my-house-for-bitcoin-or-just-pay-it-off-with-steem

No don't sell your house! if you can pay it off with steem that would be great!!!! I think I am going to start investing 15% of my income every month but never invest more than you can afford to lose

Glad to see you. Good luck to you

Thank you! Good luck to you as well!

We've all been burned at one point or another in crypto. Sorry to hear it knocked you out of the game! Glad to have you back on your feet, good luck with steem.

Yeah it was very depressing to be knocked out like I was because I know crypto is the future and has so much potential to be utilized in so many industries. I think a platform like this is a good way for me to get back into it and be able to focus on community and content creation. Thank you for your support!

Almost everyone got crushed by Cryptocurrencies because Bitcoin reached $1200. Everyone was way too emotional and invested way more than they could afford (financially and mentally). Realistically Bitcoin growth will go slowly over decades. It won't be a million dollars over night. There still is deflationary value and you can still gain a much better return than putting your money in the banks, but don't invest too much :)

Yeah the situation with Mt. Gox didn't help at all. The fact that we are still trying to sort that out is crazy. Here is my latest post which goes into my situation a little bit more. Do you think I should sell my house for BTC? https://steemit.com/house/@brianphobos/should-i-sell-my-house-for-bitcoin-or-just-pay-it-off-with-steem

Nice to see you in crypto again, simply remember not invest more than you can afford to lose and you will be in the safe side

It is great advice but cypto fever is like gold fever and summit fever on rocket fuel. I really enjoyed running the mining rigs and I had a plan to keep them in service for 3 years but unforeseen events outside of the crypto market also derailed my plans. I'm hoping this time around things will be different and I feel that with Steemit I can utilize a different strategy and focus more on content creation that monetary investment upfront. More of the strategy I utilize on YouTube. Thanks for the reply!

I feel your pain I too learned hard and fast. But with time I got my strategy on point and have been seeing results...... I also run 2 ether rigs 24/7 for the past 2 months... Best thing I ever did. Mining is not for everyone but it is a good way to start........

  ·  8 years ago Reveal Comment