I started in January 2017 with investing in Bitcoin and ETH. At this time Bitcoin was around 1200 dollars and Ethereum around 10 dollars. Ridiculous prices in comparison.I already wanted to invest in mid 2016 but really didn't know how to do it. After seeing Bitcoin more than doubling I figured out how and bought my Coins - only to see them lose 40 percent in value the next day because of some China Fud... π€ͺThe coming months I played around with wallets and coins while seeing the market explode from 17 billion to 800 billion dollars ππ©ππ. Over the whole year of 2017 I ended up with Dash, Monero, Litecoin, BAT token, Golem, Binance token, Walton chain, Loopring, Red Pulse. In the end my biggest holding I bought over Bittrex in June 17 was NEO at this time still branded as Antshares. I decided to hodl it for one year to don't have to pay any taxes.In spring 18 I bought TKY vomitsinhismouth π€’ and made very nasty gains with the Ontology token I bought with my remaining 1 1/2 BTC. I was greedy and stupid though. Saw my portfolio rise up to nearly half a million dollars around Christmas 17 and rode it pretty much down to 1/4 of it until summer 18 when I sold all my NEO tax-free after one year of holding on to it and had to pay additional taxes for all the trades in-between.It was pure greed to not sell while my portfolio was at it's highest points but I didn't wanted to give anything of these gains to the taxman (would have been 1/2 of it!π) and I thought that now I was on the brink of getting rich.I didn't become rich in the end but I could afford a small flat of 40 square meters in my city which was financed a big part by my Crypto gains - so I'am grateful. π Holding the keys in my hand today makes it real ππA few reminders though:take crypto breaks - this stuff can really drag you down and even give you some kind of PTSDsometimes it might rather pay off to realise gains even if you have to pay taxesif it's too good to be true than you should become sceptical and not greedierdon't sell everything at once...don't beat yourself up over bad decisions it's not always possible to be rightbe grateful for what you have gained - it's all a game you just forgot to play...Today I barely hold any Coins but I will at some point DCA back into the big ones like Bitcoins and Ethereum.
Submitted November 19, 2020 at 08:57PM
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