Back in 2017 Sep, I stashed away some money in BTC on a particular crypto platform.
I vowed to never withdraw it, or look at it for 10 years (Taking a leaf out of @dmuthuk's playbook)
It will either be the best investment of my life or turn out a dud.
Let's see.
I vowed to never withdraw it, or look at it for 10 years (Taking a leaf out of @dmuthuk's playbook)
It will either be the best investment of my life or turn out a dud.
Let's see.
Initially, I had spread out my investment across BTC and few altcoins including Ethereum.
Within a few months, once bitcoin went to 20k and then crashed to 4-5k range, I cashed out all altcoins and put everything into bitcoin.
Within a few months, once bitcoin went to 20k and then crashed to 4-5k range, I cashed out all altcoins and put everything into bitcoin.
Now it may seem like it was a good move investment wise.
But no, this is pure DUMB LUCK.
There was no investment thesis.
I didn't (and still don't fully) understand Bitcoin/Blockchain.
For those who want to understand, their whitepaper + code is the place to start.
But no, this is pure DUMB LUCK.
There was no investment thesis.
I didn't (and still don't fully) understand Bitcoin/Blockchain.
For those who want to understand, their whitepaper + code is the place to start.
And don't be lured in by the rising prices or @APompliano's consistent hype and buy BTC.
Buy only if you can understand.
Even when I bought at $4.5k range, it was a high-risk investment.
The risk is now exponentially higher.
Before you invest, study it thoroughly.
Buy only if you can understand.
Even when I bought at $4.5k range, it was a high-risk investment.
The risk is now exponentially higher.
Before you invest, study it thoroughly.
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