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RE: Steemit Crypto Academy Contest / S3W2 – My Experience Investing in the Crypto Market by @emmy7924

in SteemitCryptoAcademy2 years ago

In my first Investment, I made a profit of about $1.3 within 3 days that I invested. I was very happy about the profit

😂😂Am sure at that time you felt like you were on top of the world. I say this because that was how I felt after making profits on my first trade in the crypto market. That day it felt so good.

invested in the crypto market, was XRP, STEEM and TRX.

Am actually very suprised that for your first coins you didn’t buy btc. I say btc because it looks more reliable for anyone who wants to start out in crypto. It’s very hard to look past it.

But now that you said it was what you could afford I understand a bit. I sure you wanted to have a whole coins, but buying btc would have meant only having a fraction right.

I was holding rise. I allow the coin to keep on rising thinking that it's the way the crypto market works without knowing that they will be a time that the coin will fall after rising.

This actually remind of the time I joined steemit first. At that time steem was almost 1 dollars. I didn’t touch my steem tokens when I had them. I taught the price of steem was going to be stable so I kept on keeping them, not until I started seeing the decline in price that I realised that I had made a mistake.

you should first make a research about the cryptocurrency that you want to invest on

I’ve seen people talk about this point a lot.

Sometimes the terms are very new to the newbie. He might want to make research but he won’t know where he will find the research material. I think the best thing to do first is to learn a few basic things about how to trade before even choosing a coin to invest in.

Coin Marketplace

STEEM 0.21
TRX 0.24
JST 0.038
BTC 94636.84
ETH 3278.73
USDT 1.00
SBD 3.16