Post
Topic
Board Altcoin Discussion
Re: Experiement: Digging myself out of debt by taking loans to invest in crypto...
by
Monro84
on 23/01/2018, 21:48:47 UTC
So I have been in crypto since June 2017 and my first investment was ECC. It was around 32 sats at that time. I went to coinbase and through my credit card I bought $30 worth of btc.  I bought some ecc. I did research on it and felt good. Unfourtuantly at that time it went down. I put somemore in Ammo (bad), and a few others. Then throughout the course of 5 months I put a little less then $700 of my money (most still invested in ECC which went to 2 at one point where I accumulated alot of them and its now 29 sats again). Then I got luckey had one coin moon. I cashed out and had a total of .1 btc. I have been playing with that money since and now have more coins and almost .2 btc. At one point at the beginning of the year when eveything was green my total invetments was almost 93k (mainly CMPCO, ECC and DFS). But I did not cash any out even though my husband begged me to and I probably should have. Then it all went back down. But those are my main long term coins.

I have learn the smart way of accumulating. I buy about .005 btc worth of a coin say 1000 coins at a low point, then I am confident it will go back up b/c i have been watching this coin a few day. So when it goes back up hopefully 10 to 30 sats or even 1 sat as long as its not over 100 sats) I sell just enough coins to cover what I had bought so that might leave me with 200 and I sold 800 to cover it. I do this a few times and I have my 1000 coins and that is basically free money cause I will not loose anything even if it goes back down to one since I got my btc back when they sold. I am sure alot of other people do it this away too but that is my secret.      BTW anyone can learn crypto I barely knew what bitcoin was when I heard about ECC.  2 things to look for in a good coin 1. an active developer (regualar updates on twitter, here, or other outlets), 2. an active community (Slack, Telegram, Discord etc. iF you have those then you have the makings of a healty coin.  Also btw don't invest what your afraid to loose. That has always been what I have been saying from the start of my investing. As long as my invsetments don't go below the money that is mine then I haven't lost anything. But if they do then I can still make it eventhough I just lost that almost $700 it won't break me.