Crazy on Crypto! Some Coins That Blessed Me With Delicious +50% Gains
I only became active on crypto exchanges recently. Just a little over a month ago, if I remember correctly. My portfolio back then has been relatively steady, maybe fluctuating at +-8% a week. I would wake up happy when I see my money go up a few bucks, and sad when it went down by just as much the next day.
But just this past week, my whole investment portfolio gained almost 50%! I was so excited to see those greens that I almost fell off my chair!
Early Experiences
When I started learning about Cryptocurrencies, I only knew about Bitcoin and Ethereum. Bitcoin is already at outlandish prices for me, so I would buy some of it and convert straight to Ether. I would use Shapeshift.io to convert, then I would store the Ether away into Exodus (you know, that great looking desktop wallet).
Then, I started watching some Youtube channels. Actually, my main purpose was to learn MORE about Ethereum, but then I got to see watch some active YouTubers that talk about "Altcoins" that can give me better gains in the short-term. Of course I was instantly hooked.
After learning a bit about altcoins, I thought about diversifying my portfolio by selling off some Ether. I then bought some GNT and EOS, purely for the reason that they are also coins supported by Exodus.
Now, I realize that this is an extremely stupid reason to buy a coin. But I did buy them and I did the same thing with Ether, which is storing them away in hopes of getting those huge returns.
The Move that Gave Me that 50%
This Monday, there was a lot of buzz surrounding what was dubbed as the "Ethereum of China." I am a believer in Ethereum, but the price right now is already high and is currently what I've decided to just keep on holding until it beats BTC (hopefully).
And then here comes a coin from China called NEO (Formerly Antshares) that is said to be the next ETH, with prices of just under $10. I sold off all my GNT and EOS and bought that NEO soon. I also invested a good amount of my cash savings, and hoped for the best. I entered this market at around $16 and while yes it might be a little expensive, the price has appreciated a lot by now and my investment has already doubled! (I'm getting all excited again at this moment...)
After the Rush
The adrenaline from NEO is almost wearing off, but I think this has become the start of an addiction. I've registered on 3 different exchanges recently, and have traded more crypto in the past 3 days than in the past month.
I spent a little on OMG and on CVC upon the recommendation of the YouTubers that I mentioned earlier. And it's such a shame that I could invest only so little because I don't have the funds to go big. I got some good %returns on OMG and CVC, but again, small investments so just small rewards.
I am holding on to my OMG coins, but I was thinking that CVC would go down for the next few days. I sold all my CVC to grab some ADX, which I did only because it was going at 150% return when I saw it on Bittrex! After realizing how irresponsible that was, I sold all my ADX off again, this time buying PAY and STORJ.
I also have a good amount of money and faith on DNT. If you don't know about it yet, I recommend that you go and check them out before they get listed on the big exchanges. Basically DNT or the District0x Network Token represents a network of decentralized communities and markets. Think of it as an "Ethereum for people", with districts or communites being the "dAPPS". That's how I understand it.
Those 100%++ returns are so tempting, but I don't want to be a day-trader yet so right now, I'm just holding on to what I got and researching as I wait for new "investable" money to come.
More Coins I'm Looking At
I am also looking into buying the following coins once I deposit fresh funds into my online accounts:
- ANT: For unstoppable organizations. I think the price of ANT will rise in relation to DNT's price.
- XEM: (Needs more research and observation)
- VOX: Platform for creation of Virtual Reality games (which is an industry expected to boom in the coming years)
- BAT: From the founders of Javascript and Mozilla. This is an ad-centric project. They have their own web browser which I think is neat.
- EOS: (Needs more research and observation)
- STRAT: (Needs more research and observation)
- WAVES: (Needs more research and observation)
How about you? What coins are you looking at right now? I want to discover more interesting coins in the crypto space so do share them in the comments below!
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