In 2018 I was taught a valuable lesson, don’t blindly gamble your hard earned money away. I lost a few thousand dollars, which to someone of my up bringing is a lot of fucking money. I got into the market in 2017 with advice from a friend who built windmills for a living. The first price of Bitcoin I saw was $4000, and that number went to $20,000 in months. I got burned by my greed, held too long, and sold low at a loss out of fear of losing it all.
I watched the price like a hawk but never seriously considered buying back in until the pandemic happened, the markets fell hard. “Buy when others are fearful and sell when others are greedy.” In March 2020 I saw a $4000 Bitcoin again, a chance to redeem myself, but at first I was too frightened. “It may go to zero.” I thought it could, naively.
As I watched the price rise back up from $4000 I had a feeling $4000 was it’s bottom. I couldn’t invest more into it though until I learned more about why early investors are convinced. That was going to be the difference this time.
This time, I’m going to learn all about blockchain and continue to follow the developments in the space so that I can make a definitive decision in investing thousands of dollars into crypto projects.
The most appealing thing about this space is how this tech was originated, out of the mortgage and housing crisis of 2008.
Bitcoin has this mysterious appeal having an anonymous creator who happens to be a brilliant computer scientist with a vision for a deflationary, decentralized cryptographic currency for the people of a rigged economy. It’s incredible how the creator’s anonymity has lasted this long.
It’s principle alone is why I finally decided to invest.
Turns out Bitcoin is a great store of value like gold, but there’s other projects who took its principle and expanded on that. In 2017 I went down the rabbit hole on smart contract platforms like Ethereum, and remembered that Cardano had plans to compete with their network. All these little bits of research in 2018 paid off in 2021.
The gains that are possible in the blockchain space are huge, and you’d be missing out on a chance of a century. Like oil and gold made very few people an enormous amounts of wealth, crypto will do the same for us except this time, it’s accessible to us all.
If you’re just getting into crypto, sign up for Voyager (#1 crypto exchange). Use that link for $25 free BTC when you deposit at least $100.
Store your coins in the Celsius Network wallet to earn 6% APY on your Bitcoin and 10.5% APY on your USDC. Use that link for $20 in free BTC when you deposit at least $200.
Questions or comments reach out on Twitter @kylesshortcuts or @kyleknob on Instagram.
