Topic: How I end up being into crypto and my journey up and low - page 2. (Read 344 times)

Interesting... Quite a similar journey for me. Although I was a very social media inclined person being a digital marketer but will always be afraid to trade, invest, or even participate in the Bitcoin market. Simply because I am scared of losing my little bucks ( ).

But one thing I've come to realize in this world of tech, especially as far as Bitcoin and cryptocurrencies at large are concerned is, KNOWLEDGE and ABILITY TO TAKE RISKS.

When you have the knowledge and take your time to understand the market, it gives you a clarity on how the system works. Similarly, just like every other investments, Bitcoin requires you to have the ABILITY TO TAKE RISKS.

My decision to join this forum was impeccable as that has been instrumental in my ability to learn and understand, even more, the intricacies in the digital currency.

Voila!

Ethereum used to be really profitable for medium hardware especially when it was cheap in the past! I mined some using my GPUs and made a nice profit from it. However, I eventually stopped due to the increasing mining difficulty. So after like few months I sold a few GPUs, but I still kept some for my PCs at home.

Currently, I am primarily a Bitcoin holder and also work freelance for Bitcoin. I'm always open to job opportunities related to my field of expertise, and things are going well in that regard. This forum provides numerous opportunities too and I'm confident that anyone interested can find various services to earn their first Bitcoin in here.

Successful people are the people who did not give up when challenges came. The process is challenging for some people and more challenging for others, but one thing I know that can ease the journey is when you have the experience of someone else to learn from, it can help you make better decisions that you will be happy about. You will be able to avoid some mistakes too. If you have good mentorship, and someone to ask questions (like this forum), you will know as newbie to cryptocurrency that it is better to buy and just keep the bitcoins safe than to try out mining and trading without and knowledge or experienced person to help you through the difficulties.

Well not all mining are that expensive, I don't know if you heard about airdrops before, its pretty quite simple its just required a few couple task for you to complete and you will be rewarded with some of the platform coins but the only problem is that most of the this mining project actually end up to be shitcoins. Utopia in the forum here also has a mining option in their platform where the user will be rewarded with some utopia coins(crp) and  it aslo doesn't cost a hell as you are implying but I guess mining BTC would be a totally different case.

Your story was that way because you lacked the knowledge of those cryptocurrency,and you feel that you can jump into it without having the knowledge. Mining is an expensive investment where you will spend more on electricity and if you are not prepared for it,you will end up packing your equipment.

Trading is very risky and when a newbie wants to start trading he must have a good knowledge and strategy on trading,if not you will run in big loss. I am happy that you have gotten experience from your past  and this will guide you through in your bitcoin journey. Some of us learnt a hard way and some in a simple way because they had people that was there to put them through.

Hmm, Op in whatever domain you bring yourself in there will the hurdles and downfalls in your journey because these obstacles are actually the experience you'll gain after reading your whole story I think I am quite lucky with it I did start IDO investments but ended up earlier before much losses. Trading was lucky and unlucky both for me in throughout my journey I did trade and holder some shitcoins but that was also not a big blunder because I did never invest in Greed.

Anyway I think as we always use to say consistency is the key so always stick to whatever you are doing it will be the money bringer someday haha you need to be aware of the market.

Almost the same story except on doing mining. I am more affiliated before on investing on ido and ico projects some become fruitful and some like what you said run with the money invested. But right now, I am more on strict investing on some legit ones that I am deep research with. Also I like the testnet and retroactive airdrops activity that Ive been doing now as I am able to monetize some of it. Some are good money but its still an ongoing process. Theres a lot of opportunity either its a sideline or web3 jobs. You just need to find your niche and even herr in forum if you are good posters there are signature privileges that offered to users.

Mining difficulty going up is normal in crypto, if that's why you sold your equipment you don't even understand what you got yourself into in the first place, you are to keep mining and saving those coins for possible future increase of value, anyway you learned your lesson.

And now Ethereum is no longer mineable, but I will like to know what happened after you sold your equipment,  because this isn't entirely ruined, if you sold that equipment where is the money?

I expect you to buy Ethereum or Bitcoin after selling the equipment, since you don't want to keep mining, and doing this will still bring back all your losses if you hold for long term.

Trading is even more risky for a newbie than crypto mining, your problem is you jump into everything to quick, you don't take your time on learning things out first, you made the same mistake in mining and in trading.

There's one thing I will advise you about making a decision in life on what to do that could be profitable, if you start with something, you can't expect the results to be instantly, there was a time when mining was a difficult task for miners to find more earnings through the mining because of some challenges attributed to the technical setup of a mining rig, power supply and government regulations, also come the recent time where miners smiles because of the introduction of the bitcoin token also referred to ordinance inscription on block space, miners make alot huge of money, which means there are ups and downs in everything we do in life.


I can see it from this aspect as well that maybe you will need enough time in studying and learning about something first than investing in them first, once you have the knowledge, you wouldn't find it difficult to cope and endure the situation because you have the understanding that things are in seasons, it's not about changing what you do from time to time, you need to work on yourself and build values through learning.

Different case with me since I really search for opportunity online as I heard that there are some ways that we can earn money thru different services that we can provide to other people. And luckily I just spot the crypto especially bitcoin keyword since that is the start of my crypto journey and been introduce first in faucets where we earn a few chunks of bitcoin which we can use for another small investment that we choose. Second are those cloudmining and hyips which I lost some amount and move one since this is one of the baddest decision I take before. Then goes with investing on ICO's and after in trading where I find this one challenging since we can earn depends on how we follow the trend and the analysis we do.

To many challenges has been faced but gladly all works well and I can say that crypto journey is really good and exciting.

That's because you are still afraid of lacking your estimated value. usually in your little heart you say " wow, down again" and the thought is born save first, then enter again. where do you lose, First your initial value enters for example $100 in a coin/token, then you cut loss only $90 ((including fee taker and maker) Next, you enter again in the same coin and another with the remaining $90 you have. if a correction situation comes back you will do the same thing again and that is normal. but, the value of your investment is reduced by 30%. only then do we realize that what we are doing is not right with the principle of trading for profit, not even a loss.

Yes. We are taught by circumstances and if we are able to control it all, I am sure that little by little your monthly estimate will increase from your initial capital to enter the market. getting 10-20% per month in crypto is very good.

After reading your story, now i begin to think that all of us have the same story.  Of course not 100% same but almost events are same. Like in my story i started mining (virtual) on websites but i never invested or used any of my money. Because i had this rule that, in online work, you must not give or spend money first. Always be professional. So i just spent my time on all the airdrops, mining apps, then i left it in 2018.

But in 2021 i came to know about this platform and i started to understand things. Like how new project comes, roadmap, white paper, basic growth of anew project. How i learnt these things? Simple, by joining bounties. Then i started to wrote articles and now i am a full time article writer (as free lancer).

How it started for me in crypto truly every journey has ups and down we should always enjoy and thanks our experience will help us along the way, may we got scammed, we learn from it, just never give up because once you gave up its the end of it.
When I first started I go with Mining spend almost 1K usdt I do break even when i did mining but not for long, since the difficulty goes up, i sold my equipment, for a lower price, that's when i realize i should have bought Ethereum that time which only worth less than a hundred dollars.
Next is Trading after a bit disappointing mining with Ethereum and other coins which i thought would price skyrocket i turn to trading, where i bought coins, during this time , I have less knowledge so I spend dollars to unknown coins, with little less knowledge about it, and ended up losing some from it, but some investments grow, although since being a new trader when i see small breakout i immediately sold what i have, which should not be the case and not recommended to do.
I also IDO Investing where you invest in the lower price but sometimes takes long and also experience projects where they run with the money, although some have high returns on investment there are also losses which we also call high risk high reward, we can also call this that risking might have good return but as a newbie or new comer don't try what i did because, if you have less tolerant to stress do not try  it, Aside from that I also try Airdrops where you spend a lot of time hunting projects or a good project giving a way free token , this is a time consuming task because, you have no guarantee of getting any just luck, sometimes turn out to be scam and also get information from you,
Scammers will be all over the place targeting potential people with less knowledge I once have know a person who put their money in the project like a retirement money, then suddenly the site goes down, all i can say is just start over, because of less knowledge and being impulsive will pull you down so always remember to be curious of everything be always on guard and don't just pull the trigger.
Then Bitcointalk I may be new in the forum but i have experience outside of the forum but when I'm already read the topics i known only a small part, That i need to continue learning from more experience people in this forum and outside, currently Im still trying to learn more, and getting information and sharing what i have learn before, but as a member who is just getting started, never give up, if you fail its just the beginning and there will be more, obstacle on the way before getting successful, besides maintaining your status is the hardest, like maintaining your portfolio, im telling you, as per my experience, keep learning to my fellow newbies don't just decided quickly, read and learn, currently im down again, but im not giving up because if i do then its done.