This is my first post on steem and I am not a mother tongue english speaker, please bear with me on this post.
I have been folllwing the cryptocurrencies for about 9 months now. It was in the starting of this year when I came across bitcoins. It was obvious that I was looking forward to earn some money over internet. The first thing that came up was to download apps to make some quick money and the other thing was bitcoins. I started looking at it for a while and then called my computerscience friends in India to discuss on what exactly is it?
A clear response from them was I dont know what it is!
I started looking at it with much more interest when bitcoin started rising way too quickly than I can.
Meanwhile, I started working as a food delivery boy for a restaurant.
I kept reading every where, where people where saying invest only how much you can afford to lose.
I started to feel over excited with the fact that this is growing too high and dint bother to understand what will happen if I put all the savings I had made through the food delivery in it.
I was expecting to invest more and make more. I clearly wasnt interested in making 10 dollars a day but rather investing 1000 in small coins and then making huge profit( which we all dream every now and then).
My first investment was 1050Euros in the month of july. I clearly dint knew which one to put my money in, then I came across stellar Lumens and I might have read about it for a day or two and without further thought my 1050 were in stellars alone.
I was not habituated to swings, Also I cannot afford to lose what I had saved for 6 months.
Then my ride started I started to get busy with my academics and one fine day I thought why not check what id the status of my investment.
To my surprice it was 650 Euros, it was almost the end of July that it has dropped and as you can expect I kept checking the price every now and then.
Then one fine day it all comes up back to around 980Euros. I realised, what if this goes down? And I bailed out taking a loss of 70Euros.
If I had listened to all the people who have had experience in trading cryptos, I should have left it for long term and if it were today I would have made twice of what I had invested in stellars.
A lesson was learned and I have been doing proper checks before I invested anything back into cryptos.
I would love to share my experience of day trading that I had done with Binance coin but let us see if this post gets any likes. Thank you for reading.
Nice post! I will follow you from now on. I give you a vote!
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