A 13 Year olds start with cryptocurrencies (IOTA)
Introduction October/November/December 2017
I started researching Cryptocurrencies back in October 15th i had heard about bitcoin and Ethereum because of the increase in GPU prices.My dad got a spam email about bitcoin that day so i started to some research into cryptocurrencies. I found a project called Iota and started to do some research into it back then i didn't know how to buy bitcoin and then i found Localbitcoins.com i bought my first bitcoins from here (£150) and i bought my first Miota (298)on November 15th and transferred it to the wallet generated the password using on online generator (more on this later) if you follow the iota project you will know the scandal in January.It only took a few days for it to do 9x and become £4.50 from £0.50 but i was naive,greedy and thought this was normal.After i decided to learn about the techknowlegy behind the block chain because the only reason i invested in iota was because i heard it ran on something different i didn't know what it was called till after i had invested and how it was different (The Tangle).
January
Their is much to talk about and details in December and i did make a few other alt coin investments during this month but i want to focus this post about Iota.During January an iota generator started entering all the keys that were generated on their and cash it in all of them taking a minimum £4 million which resulted in all of my iota being stolen which took me about a month to accept that it was my fault because i was angry at the full Iota foundation for not having a online password generator built into the wallet.
I am currently invested into many different projects and continue to educate and get better at investing but if their were a few morals and rules from my experience with starting out and iota it would be.
- If something is up 9x sell it.
2.Always do appropriate research and be as secure as possible.
3.Always adapt to the ever changing market.
Thanks for reading my first post will be writing more promptly.
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Welcome to steemit. I wish you success with your investments. IOTA scares me. I understand steem more. Perhaps I have listened to the wrong people but I still prefer to invest in something that is working, rather than something that seems broken with a promise that it will be fixed. I'm sorry you lost money, I have no idea why the IOTA team still seem to be respected by many, when it seems they have let a lot of people down? It will be a good day when steem passes IOTA on coinmarketcap.
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