How addicting is this crypto trading guys?! I started my crypto journy exactly on Aug 7th, with a small buy of a little known company Bitquence after reading a random article on the idea of this 19 year old kid from Brown university. As a complete rookie his idea resonated with me as he tries to solve the biggest problem anyone has when it comes to buying these wonderful string of numbers. How do we buy and store this stuff? His vision of a all in one wallet where you can buy baskets (think something like mutual fund or etf) and the technology behind it solves this problem.
After choosing to dip my feet into this world, I did what I always do. I dove in! I researched day and night for coins that looked promising long term. After researching all of these coins, the thing that struck me the most was how many of these coins were straight trash! The sexiness of the market swings really drew me to this, but at the same time I couldnt believe how easily coins could be pumped (manipulated by big buyers to go up) and dumped (manipulated by big buyers to go down) This led me to my final investing strategy.
Now obviously there is a lot more to investing than this. Things like what price the coin is at compared to its all time high, and news on what is upcoming for the coin. Look at Neo. A great project but right now China banning new ICO (initial coin offerings) has driven the price down. This though does not affect my stratagy as I feel that we are all at the very beginning of this crypto journy
Huge number right? That is the size of the entire crypto market. The same size of Pepsi right now! As you can see there is plenty of room to grow. A whole market that has doubled in the last few months that is only the size of one big company? Wow! This room to grow can really make your imagination run wild in what Bitcoin, Ethereum, and other strong coins can go up to as new people like me come into the market.
What are some of your favorite coins guys?
Do you have a different investing strategy then me?
Did this help any of you form a investing strategy?
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Good luck everyone!
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