My Crypto Journey - My First Experience With Cryptocurrency

Crypto is indeed a life charger, In July 2020, I made my first cryptocurrency investment in Litecoin, which I purchased from a local exchange called Quidax. I invested N50,000 ($100) in LTC at a rate of $50 per LTC in November, and by December, the coin had risen to $139 per LTC, which I eventually sold. I had almost tripled my money, and my interest in crypto currency had grown. I began my investigation into the concept of cryptocurrency, its history, and how to profit from it. I learned about the first crypto Bitcoin by staying up late at night watching YouTube videos, and how Bitcoin was created to tackle the problem of middlemen in transactions using a decentralized technology called blockchain.

The Start Of My Journey

After the success with my first coin my interest in crypto grew exponentially, and I was anxious to learn more. I also wanted to generate money from it, so I increased my research rate. I came found the Binance exchange while doing research and tried to figure out how it works, how to get verified, and how to buy and sell on it. I joined a telegram channel in order to have my account validated, and there I met a guy who was a God-sent crypto trader who showed me how to verify my Binance account and successfully deposit my local money (Naira) via my local bank transfer. He goes on to suggest that I should buy when the price is low and sell when the price is high if I want to earn money trading. He offered to give me crypto signals for a price (a large sum at the time), but I declined because I didn't have much then.

I'm thrilled that I'm still learn the fundamentals of trading from him.

How The Journey Have Been So Far

I started trading with what I learned from him: I buy when the price is low and sell when the price is high, as he advised; meanwhile, the thing appears complicated that whenever I buy thinking I've purchased at the lowest, the price continues to fall, so I sell at a loss, and the price begins to rise. This infuriated me, so I decided to take a break from trading.

I started looking for something to do that wouldn't cost me a lot of money and wouldn't be too difficult, and then I came across Hive, which I joined up for with the help of @starstrings01 , and that was the beginning of my Hive journey. The journey has been fantastic; I've learned a lot from the LeoFinance community, and I try to engage with it as much as possible. I read some of @josediccus finance blog, which is typically related to his personal life; I've learned a lot from it and gained one or two ideas for my own blog; and then there's this user I really admire, @readthisplease ; he helped me discover khaleelkazi's TikTok page, I also enjoyed reading @taskmaster4450 piece, and I've subscribed to a few other web2.0 pages that have helped me gain a better grasp of cryptography. I've returned to Binance trading, and it's been a nice experience.

How Far You're Willing To Take

For the time being, my main source of crypto income is blogging (Hive) and some spot trades on Binance. My dream has always been to be a crypto guru and influencer, and I'm willing to put in the effort to learn all aspects of crypto, from trading to NFT and DeFi.

I admire and want to learn from every member of the Hive community, regardless of how long they've been involved in the crypto world.

Thank you for taking the time to read this, and may God continue to bless each and every one of you.