- Young boy mistakes with Crypto
Hello everyone, I am Alex from Hungary and 20years old. In this blog I will write about Cryptocurrency and how changed my life because of this.
After high school I was typical as every young. I had huge dreams (university and after good job what will be my dream job with good salary etc.). I had great dreams about university party’s, girls everything is just fun. This dream had short end after I can’t pass into the university.
I had 6 month when I start learning chart analysis and I played with BTC/LTC/BCH (I remember when it arrived on Bittrex and i made double my money on that day, I remember when I had to start with bot-s and other peoples to get the best price, every time when the price get back with just a few $ I get a small hearth attack) XRP and some other coin.
I had an agreement with my parents if I can triple my money till end of the year (3-4month) then I don’t have to start work. Of course I was totally happy I can do whatever I want, I spend daily 4-5hour with learning and day trading. The beginning was quiet good but the last month I made a huge mistake when I waited for a coin to jump (because i was 100% sure it will go up minimum 7-8times more). On that time I was sure with 3 coin: Redcoin, Verium and Gridcoin but the first mistake was that I chose only one coin it was Gridcoin. I saw when Verium made around 1500% and Redcoin 1000% but I still believed in Gridcoin, all of my money standing in just one coin.
One day I saw BCH is going up again like in the beginning I don’t want to leave this rocket to fly without me so I jumped in. I think it was maximum 5min and I lost all of that money and more what I get in the last few month. I had 2 option;
1. I wait few month and probably it will grow up again (I think in the next week the price get back to the same position where I bought) or
2. I accept this mistake (because I don’t have time to add stop-lost) I accept that 60-70% lost because I don’t want to see my portfolio go lower and lower every in second. On that 5min I can’t think clearly so I sold with this here in this price and I accept the mistake because I still believed in Gridcoin I don’t want to wait that few month.
This was my first big mistake with Crypto.
Btw after this with Gridcoin I get almost 3 times more money what I lost BUT after all I lost that as well because my minimum target was double higher on that time arrived the BTC crash but this is an other story.