My Cryptojourney until now, decisions and remarks

My Cryptojourney until now, decisions and remarks

By kodi0014 | Cryptohodler's journey | 13 Feb 2021


I started my Journey into crypto last summer around June-July. After reviewing some crypto projects, 7 months ago I decided to Invest in 5 different projects: My picks were XRP, ADA, Ethereum, VET and LINK.

A lot has happened since then and I saw my portfolio rise and fall many times.

My initial plan was just investing in these projects and holding them, but along the way I saw other opportunies, like trading and even other projects, which I had not reviewed in the beginning.

Some of those relatively not so developed crypto projects have been described in my posts.

While it is not hard to call trades in a bull market or to pick projects than will 10X, there are a couple of points that I have realised along the way:

  • Fundamentals play a very important role: Look for partners and investors, have a look at the engagement of the team of a project, spot the problems of the cryptoworld (example: high fees of Ethereum) and look what are the proposals to solve those (example: Layer 2 protocols like LRC, Matic ect.) Look at roadmaps, phases, how much work has been done and how much more is to be done and when.
  • People keep talking about altseason, but this could be a thing of the past. If speculation drove prices higher 3-4 years ago, doesn't necessarily mean that it will happen again in the same way.
  • Don't focus so much on the price of a crypto, while choosing where to invest in: The lower the price, the better. It just means that gains could be greater.
  • Understand where the global trends are going:
    • There is so much talk around green energy. Some projects worth noting on the distribution of energy: Energyweb, Powerledger, Lition.
    • The decade of AI is upon us. Projects worth mentioning: AGI, Fetch.ai, VXV.
  • Buy low. Make a list of the projects you are interested in. Add them to favourites (using Coingecko as example) and decide to buy when you see -15% or -20%. I have been doing this and it is exactly when coins are not in the radar of people that it is best to invest in.
  • Understand risk and act to mitigate it: In my case, I have pulled out profit these last days since beginning mid January. While I could have made more profit by lets say holding ADA until now and not selling at 30, 40, 50 cents, I have managed to get my initial investment out of the market.

Positive side: For me it is a very good position to be in because half my main investments are still running and it is as if I had received them for free. If the market pulls back, and I expect it to pull back hard, I can reinvest this amount and I am not emotionally attached to my holdings losing value, because I am covered in both ways. 


kodi0014
kodi0014

Crypto enthusiast and Investor, sharing my thoughts here.


Cryptohodler's journey
Cryptohodler's journey

Tips on what coins can run, general info, my investments and more.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.