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#CryptoFinance Initiative: How has Crypto and Blockchain Technology Impacted my Personal Finance?

By AlexVan | Alex Crypto World | 26 Nov 2020


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Hi,

following the [initiative](https://leofinance.io/@theycallmedan/cryptofinance-initiative-how-has-crypto-and-blockchain-technology-impacted-your-personal-finance) by @theycallmedan and @leofinance I will also submit my short story on how crypto and the blockchain technology has impacted my personal finance.

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First time I've heard about BTC somewhere in 2012, when I was playing online poker in a team. Some Russian dudes from out team where into mining it, as they've had free electricity and some unused servers at their workplace. They were playing poker all day long, for the record. I did some research and found the concept intriguing, but after a few days it went out of my attention span.

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2013 I've moved to Germany for a better paid job. As my laptop was standing only around during day time, I've searched for some means to let it produce some money, either by rendering models for other people or something else. I've start researching it and discovered how to pool mine BTC. I've plugged it in and started mining. After exactly 3 days my graphic card gave up. That was a real disappointment and I've let it for the moment be.

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In 2014, I've remembered what the Russians guys have been doing and I've bought some parts for an LTC miner. I bought only two graphic cards, a mainboard, a source, a chip, a small but fast HDD and a big ass cooler. That was it. I've deployed to a friends office at the university where one of the main internet cables entering Romania was. The HDD could not write with the download speed we had. Electricity was free and we started our en-devour in mining. It was a nice story till end of 2017 when we did the cashout and donated the parts to one of the schools he is teaching. My partner is doing robotics classes and IoT programming at local poorer schools. We both netted 14x of our initial investment and we have been happy to donate the parts for a good scope.

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[4 years and 1 day back, as described in my post from yesterday](https://leofinance.io/@alexvan/4-years-on-hive), I've joined this blockchain, did some 2-3 shitposts and have let it beas rewards have not be coming in as expected.
On May 2017 I've restarted posting and digging deeper into the crpyto world. It was a clumsy start, till one day as I did a post about a Guns'N'Roses concert from June 2016 in Munich, where @twinner also attended. Sorry for the tag buddy, but this was the story. He was and still is, helping the German community. Out of the sudden I had 500 SP delegated so that I can do more curation. Also, he showed me a lot of cool stuff and somehow a good behavior guide on the blockchain. I can say that I have to thank him, that I've sticked around.

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It was a real good crypto summer/autumn, as I've been splitting the gains and diversifying into different ICOs, coins, airdrops and forks.

There was also the rise of the bidbots. Together with my wife, we decided to put our savings into crypto. We had something like 3000 €, which is not that much for Germany, but it was a lot for us, having the rough year before. So we bought in September some 3000 Steem at 1,30$. The trend was not looking good as the price was continuously going down during that month. The ROI from the bidbots was good in coin value, but still a loss compared to the fiat value. It was a very stressful time, that was for sure.

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Nevertheless, the markets recovered quickly and we had a great autumn/winter season. I was bidboting myself for a profit and financial wise it was working well. With the profits I could buy into a lot of coins and ICOs. I did use the shot gun method, by buying a lot from everywhere. I did hit a jackpot with buying into Zcash a couple of weeks before the BTCP.

That was the jackpot from my Cryptostory. I've sold them at 70x fold the investment. This money I've cashed out buying into real-estate with credit. No, no Lambo for me. It was a lot more than what we have invested and it was helping us leveraging the assets, as real-estate makes only sense with credit or better said, with others people money.

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2018 I've been to the Fest in Krakow, which was amazing. I've managed to meet a lot of people that I knew only via the screen. Also in 2017 I've been traveling a lot for work, managing to meet a lot of people. I think this capital of face to face meeting is irreplaceable. I'm happy to speak also at the phone with some of the people in here, way back to Malaysia. That reminds me to call you this days, @redpalestino!

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2018 and 2019 I've lost a little the interest and was focusing more on shitposting than on quality and higher value. As a higher value I mean bringing and getting higher value from my work and interactions.

2020 I woke up and came back to the things I had in 2017. Maybe the whole situation made me see the things different in a more humbler way.

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As a conclusion, did crypto and the blockchain technology change my finance. Yes, it did as I managed to leverage it an create a small passive income from real-estate with it. Also it brought me different passive income streams. The next one I will buy into will be the LPI token, brought by the SPI guys. It will a purely passive income stream, the way I like and try to build up on the long run to be able to F.I.R.E. (financial independent and retire early).

Yes,I did also lose a lot of money, as over 90% of the ICOs where bubbles and money eaters. I've learned my lesson out of them.

I can say that I gain also some other important things from this journey, like a different world view, friends, motivation and the ability to adapt to different changes.

Thank you all for this!

Posted original on: https://leofinance.io/publish?edit=alexvan%2Fcryptofinance-initiative-how-has-crypto-and-blockchain-technology-impacted-my-personal-finance

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AlexVan
AlexVan

I like writing and crypto. I try to combine both by posting. You can also find me at https://leofinance.io/@alexvan


Alex Crypto World
Alex Crypto World

Welcome to my crypto world. I'm a passionate writer, even if not the best one, but I have fun. I also love crypto and try to match this two together. I'm not an financial analyst and what I write is pure out of my perspective.

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