Many of you are new to crypto and some of you have been in the game for a while. I had subconsciously heard the term Bitcoin many times, but never looked into it until finally hearing it one more time in late May. I was curious so I did some research and from that moment I was hooked!! I started digging deeper into Bitcoin, watching John Mcafee's interviews and "bold" preDICtions, reading books, listening to audio's and Youtube videos. (Champagne Crypto got me going! for all the boomers out there Kaboom Kaboom) I knew immediately that this was a game-changer and the future for me.
Of course I signed up on Coinbase and grabbed some Bitcoin, Ethereum and Litecoin. I had some decent gains for a month or so around the time Bitcoin was $2,300-$3,000 and then tanked to $1800.; Ethereum had just run up from $330-$405 and then tanked to $137. Although I could have bought on the way down a little smarter and cash reserves for when it hit bottom, I was feeling pretty good about the future!
After a little run, I found NEO (One of my long term favorites!!). I saw it run in a matter of days from $7, to $14 to $30. After finally getting on Bittrex, I was able to purchase NEO at $30 and ride it up to $58!! Of course it then crashed like all do after a pump like that ( A, B, C Correction) 60-80%. I was so convinced NEO was the one, I kept buying and buying, even selling all my Bitcoin, Ethereum and Litecoin for it as it hit $25, $20, $15 and even $13. I made some good money once it recovered, but did I really sell all my Bitcoin, Ethereum and Litecoin? YUP (Bad Move) We all know, Bitcoin, Ethereum and Litecoin had massive gains during that time frame and NEO was going down. Oh what could have been if I just HODL'd!! Everyone called me up when Bitcoin hit $10,000 then quickly jumping to $15,000 thinking I made so much money because I was involved fairly early for the average person and talked constantly about Bitcoin. I was expecting to buy it back at the right time, but missed it both times with new cash coming in and wouldn't sell my NEO. Unfortunately I was not diversified and after a huge run up for Bitcoin, Ethereum and Litecoin, I had barely made anything at all. (The worst call was from my father in law expecting massive numbers cause I always mentioned Bitcoin and for me to have to say with a soft voice I made a few bucks was crushing. Being able to say forget your Bentley GT Drop Top Lets take my LAMBO! )
The moral of the story - NEO has come back strong (Breaking through $100) to show that my initial thought was accurate from a business perspective, but not necessarily timing wise from the flows of the daily crypto markets. I Could have been better positioned to buy NEO and other alts at massive discounts. I did not understand the charts or the cycles. I just knew that from a market cap and business perspective, NEO was going to be going up long term as the so called Ethereum of China and potentially so much more, not realizing that every single day in Crypto seems like an eternity and is long term! In the end given enough time, my initial assessment of which one will go 10X first may still happen but just being diversified and hodl'ing would have gotten me off to a better start.
I made a decision to learn the game and get on the important exchanges so I was ready to start bags in the right investments. (Missed too many moonshots because I didn't have Binance. Wanted Tron in August at $40 Mil Mkt Cap but wouldn't sign up for another exchange) I also made it a point to watch videos from Vincent Briatore, Jeff at Altcoin Buzz and most importantly get personal coaching from Haejin Lee (Learning to count Elliot Waves with chart pattern recognition and analyzed my portfolio). Working with Haejin has made a massive difference in my understanding of the industry and ideal names for my portfolio which has impacted my success greatly. He recommended Digibytes to me at $.03, Bitshares at $.17 and Reddcoin at $.014. I also am a subscription member to research reports from world renowned analyst Ronnie Moas (Stellar Lumens Call!). With some adjustments and good timing, this past month for me like I hope and bet for all of you was as Haeijin says "massive profits"!! (Digibyte, Stellar Lumens, Bitsares, Verge, Reddcoin, EOS, Tron and of course NEO and some others. (SAFEX for the long term!!) I do fairly well in Real Estate, but this month in Crypto was just absurd! 500% increase in the portfolio!! I am patiently waiting for the next phone call from my father in Law!!!! If this happened to you, its ok! Your time is coming or is happening like me as we speak.
The experience I gained allowed me to understand the market, what was likely to come, emotional stability and where to be invested properly. I implore you to learn the game, be diversified, get access to the exchanges so you are prepared and HODL the coins you believe in for massive profits! This is not investment advice, but 2018 in my opinion is going to be an amazing year for all of us in the game. This has been a life changing endeavor and I am glad we are in the together to #1 Change the world for the better and #2 Change the financial situation of many who without this would not have this type of opportunity.
Looking forward to being able to pick up my dream car in time for the family get together. Lamborghini Gallardo Sypder LP-570 Performante!
Good luck and see you on the moon!
Jonathan Aka CryptoLegend
Follow me on Twitter @LegendCrypto
Good luck - you kind of got in at an awesome time! Hope to see a picture of you buying your dream car!
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Thanks! I did and missed most of the initial growth. I was also waiting for some checks to come in that got delayed as things took off. Luckily my other funds came in and I was really able to catch Stellar Lumens, Bitshares, Digibyte, NEO and Tron runs! On this next alt run, I will def look to get it and share the pic with everyone! Appreciate the support and kind words. Gonna be a great year. Keep rocking yourself and see you at the top.
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Nice to meet and follow you. Please upvote me. Thanks.
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kaBOOM!
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Thanks Champagne. Big Fan. Lets keep rocking to the top!
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An inspiration to others. Im a bit curious as to why you regretted buying into NEO, though Bitcoin rose to $10k, will it actually be a greater increase in %%% profit over the mid-term as compared to NEO or other lower valued coins? I really don't think so.
Like you, I have never been more excited since learning about the revolutionary blockchain tech and what it really has to offer. I had the chance to be swimming in 1000s of dollars profit right now but I acted slowly regardless of my fairly abundant knowledge of cryptocurrencies and the blockchain tech. I haven't really regretted anything as we are just starting to tap into the applications of the tech so in the few years to come we will witness some vast exciting and innovative projects.
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Thanks for the comment. Appreciate it. I didn't regret buying NEO as I am a huge believer long term, but I regretted going all in on NEO (Selling Bitcoin, Ethereum and Litecoin )right after it pumped from $1 to $58 thinking that $30-$40 was an amazing price (down from $58) not expecting it to drop all the way to $13 and slowly recover over months and months. What I expected NEO to be is happening, but for months, while other coins were increasing 5X, 10x etc... Bitcoin hitting $10k but then also quickly hit $15k and moving towards $20k I was going backwards without holding any Bitcoin, Litecoin and Ethereum. I looked at it from a business perspective vs understanding the crypto market, chart paterns with the expectation that NEO would go 10X sooner. I may end up right in my assessment given a longer time frame, but it was painful to watch and if I had Bitcoin and others, I would have had a lot more money (especially when my father in law asked) to pour back into NEO and other projects and be much further ahead. Luckily the past month or so I think made up for everything and am more excited than ever!!
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Right, I got you. I don't think anyone stands to lose out of they can pick out the right projects.
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Truly inspired to ready your story cryptolegendhodl.
I started in october, lost 50% of my portfolio day trading crypto.
now i am diversified into ICO, trading bot, hodl coins and more.
I am glad to say that I have easily made 2.5x my whole investment in this short span of 3 and half months. Its just getting started.... and yes, we all learn from our mistakes. great article!
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My experience too! My first portfolio I really did not understand or know what I was doing. I used Bittrex as for me this exchange is very easy to use, and to buy/sell. And I can see on my cell how my account is doing. Any ways, my initial portfolio was about $2900. I watched it climb for a couple of days, then decided I needed to watch it more carefully after it hit $5900. In 10,days it went to $19,950 - never quite managed to break through the $20000! Sold it all then watched Bitcoin and the alt-coins crash out.
I put some of those funds back into my bank account, some into USI-Tech and with 5 put together a new package after listening and learning! If Bitcoin takes off again as predicted, then I am well prepared to take some profits and extend the portfolio. Add in what VincentB is proposing here, I hope that will allow me to start t trade and profit more effectively. drjules63
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Great stuff! All that matters is you stayed in the game to reap the rewards. Sometimes you gotta learn in the trenches to make it to the top. Keep it up and see you at the top!
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Thanks for the kind words. Means a lot! Looking forward to us all living the dream in 2018 and beyond.
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Nice anecdotal story...point is...HODL!!! :)
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