How I got into Crypto and What I’m Investing in
I first heard about Bitcoin in 2013 when the price reached $300.00. I kicked myself for not learning about it sooner, but shrugged it off as a lost opportunity because, surely, it couldn’t get much higher, I thought.
The next year I purchased $10.00 worth of BTC to make an online purchase from a website that didn’t take PayPal or plastic and left the remaining $4.00 or so in my Coinbase account. I forgot about it, then thought to check a few years later and the $4.00 had grown to about $40.00. I was disappointed that I’d squandered a second chance to invest in Bitcoin, but this time I was sure there was no way it could go up even more. Instead I set my sites on Litecoin. The price of LTC was around $130.00 at that time, down from its all time high price of $420.00, so I planned on waiting for the price to drop below $50.00, confident that it would eventually reach $1,000.00. Instead, I forgot all about LTC and crypto for a few years until January, 2021.
For no particular reason, I decided to check my Coinbase balance and was shocked to learn that the $4.00 that had turned into $40.00 was now over $180.00. There was no way I was missing out again, so I spent the next few days reading and watching videos on cryptocurrencies and studying the history of the top 100 coins by market cap.
On January 10, 2021, I finally pulled the trigger and made a modest purchase of $200.00 worth of ETH. A week later, after reading Camila Russo’s excellent book The Infinite Machine: How an Army of Crypto-hackers Is Building the Next Internet with Ethereum, I made a more substantial investment in ETH and added Polkadot, Cardano and Chainlink to my portfolio. After getting my foot in the door with some blue chip coins, I spent the next few months scouring Twitter, YouTube, Medium and Discord for potential small cap gems.
I’m far from an expert, but I wanted to document my experiences investing in crypto through this market cycle to look back on years from now. Instead of journaling, I decided to write Medium articles to share what I’ve learned with others in case anyone reading finds value, or at least entertainment, in what I have to share. Comments are welcome, but please, no DRIP shills!
