We are in the midst of a large market tumble in the space. No doubt, the newest investors are having their first full blown panic attacks and selling.
Here’s my experience since getting involved in November 2016:
I spent the evening glued to google articles, and finally got some bitcoin purchased through Coinbase and sent over to my shiny new Electrum wallet. It was exciting new technology, but I wouldn’t really get involved again until the end of February 2017.
At that point I found the wider world of cryptocurrencies OTHER than Bitcoin, but I was also completely inexperienced in the process. I remember watching coincap like a hawk, and selling one time because my bitcoin took a “dive” of around $30. I know.. it’s laughable. It’s even more amusing looking back now, because I had no idea how much it would be growing later in 2017.
Around March, like many others new to the space, I tossed about $20 at Ripple, which at the time was valued below a penny. It shot up like a rocket and suddenly my $20 investment was closer to $800. It was at this point that I became addicted to everything blockchain related.
I built my first mining rig.. consisting of 2 gpus, and growing eventually into mutiple rigs and multiple cards. I turned around and pumped my profits back into more crypto. Eventually I had my first whole Bitcoin, and several (though knowing what I know now not nearly enough Ethereum.). I started watching news and analysis from my favorite youtubers (Crypt0’s News, Cryptosomniac, Crypto Lark, and The Node Investor,) and stayed current with news websites.
I rode the Antshares to Neo wave. Especially when it hit all time highs before my first major experience with a FUDstorm (that time from China.). I was worried about my money, and reading all the garbage online from people saying it was the end, and giving me crap for “hodling.”
Around late November/early December 2017, my holdings included over 20 different cryptocurrencies, and I scored big on BTC, NEO, ADA, TRX, OMG, ETH, DRGN, and several others (minus cashing out my Ripple, which I’d grown to dislike.)
Fast forward another month to the 2nd catastrophic dip I’ve encountered. This time around, it seems a lot worse, just because I have so much more skin in the game, but I find myself waiting. Q4 2018 just has a strange allure that I’m not willing to ignore.
I hope you all have great returns this year! The graphic below makes a good point, since we were basically in this same spot at this time last year.
