Much of posts in here are technical analysis and news about crypto but I wanted to share something more personal.
Crypto really changed my life. I started investing in it around September of 2020. I thought that the economy as a whole was in a really bad place and holding money in my bank account was not returning much money to me. So I thought, why not invest in cryptos? With all of the coins with 7-20% APY, that is faaaar better than any banks.
At first, I did not invested that much. A few dollar here and there, slowly increasing my balance while keeping some saving in case everything crashed down. Over the months, and especially the fast few months when the bull run started, I was over the moon. For the first time in my life, I had some kind of saving a good return on it and it had an utility!
I grew up not very wealthy, and I hope that one day, I will be able to give some kind of legacy for my future kids. I really think cryptos in general are the money of the future. We're early in this, and even if one day everything comes down to crash, I will still be glad that I was part of this.
To end this articles, I will list some advice for some of you beginners so you don't make the same mistakes as me :
- Don't ever trust anyone telling you to "buy this, it's gonna moon!", do your own research! I cannot say this enough!
- If you sell for profits and suddenly it increases, don't blame yourself. Be happy with your gains
- Of course, don't ever invest more than you're willing to lose. You could lose literally everything overnight, and you have to be okay with this.
- Diversify your coins, don't have 100% of the same coin.
It's probably not the best advices, but that's it for now. I hope you all great success in crypto, and may all of our coins rise to heights we've never seen before :)