Crypto investing is just like you entering in the zone where you have two choice and these are ,either you take profit or Get your invested to Big Zero.
This is my story of Bitcoin investment and Today exactly i am checking how much return i got from investment.
First of all, During these time period I learnt lot of things which i would like to share here.
● Control your emotion : Investing in Bitcoin is completely different in compare of investing in Gold, Real estate , Company Stock, Govt.Bond,FD, Mutual Fund.
Here in bitcoin ,You are bound to play game of rollercoaster, mean you get completely risky volatile path.sometimes you see your investment value gain huge up and sometimes portfolio go to bleeded grave .
Emotion matters because as human its natural to get connected and hardly become right decision maker on right time .
● Do not be Greedy : People here in crypto gets easily greedy and think to make more if hodl any coin .They buy more once price uncrease because their mind gets covered with greedy of making more money and after sometime he/she goes in negative from Green p/L to Big Red .
I will share one realistic example : I bought 100k steem in 2015 that time it was traded in between 70 cents to 80 cents . I became geeedy once I found steem can give me lifetime earning if i stack it on steemit blog platform and earn through content creation . I just converted my entire 100k steem to steem power which mean if i want to sell it then entire steem power will convert back in the time frame of 3 months .
This was biggest mistake of my life in crypto investment history . Then what ,One day Steem hits the price value around 8 USD per coin and i watched the entire show but do nothing because my steem was locked . if i wanted to get profit i could cancel stacking and converting steem power back to sellable steem on exchange and still i could get profit but i just left it untouched all my investment in locking mode.
After 8 months steem came back to the price which i had when i purchase at 70 cents .
So the lesson is never be greedy to much where you damage your investment plan and growth strategy. If my steem was not locked and little effort i put to convert my 100k steem to sell atleast at 5 USD price then today i had 10 million steem at current price of 0.05 cents.
●Trust Only Bitcoin : Never Invest specially in Crypto if you do not have loosing capacity. In my opinion its one of the highest risky platform with zero value of investment, can be happened at any time soon. Bitcoin is considerable only to invest because it has got recognised as global digital currency and govt. around the world has shown trust and reserving .
● Do not go for 3X : As human we are greedy once we get high return and due to that time we do heavy mistake to regret lifetime . If you get 2X return on your investment then go ahead and take the profit first .Do not go for 3X and more ..
In Conclusion , in last 5 years Bitcoin has given 2X return and i booked my profit. I understand some of you would comment that why i did not book profit when it was all time high at 100k usd above per coin . Yes buddy ,I am also human being and i am also greedy to make money .
I understood i am booking profit 2X only because i learnt from past experience and i will not put my family hard earned money gone to back to initial price where i bought .
Lesson: Crypto investors should be aware of their Greedy Nature and avoid loss.
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Disclaimer : This article is republished from Medium .here is the Original link
https://www.publish0x.com/kavya/i-purchase-1-bitcoin-in-october-2021-know-how-much-i-made-xokddme
