Over the last few years I have wanted to get into the cryptocurrency game, but my wife was weary. This year though, she agreed and we decided to dip our toes into the market. I decided to see what I could do with $500. For some people that is a ton of money and for others that is nothing. We lean more towards that first group. My goal was to turn that money into a nice profit and put it towards new golf clubs.
That may sound funny, but I have watched a bunch of friends over the last few years invest a small amount and end up with a nice return. I bought $500 worth of one type of coin and with in the first couple days it continued to increase in price. I will not lie, I was excited.
Then the crash came. I watched as my money disappeared. I think at one point my investment was under $200. Once things leveled out, I decided to spread out my money and bought a few different coins. Particularly, I found a few that looked like they would rebound nicely.
Seriously though, that is just my luck. I remember a few years ago (maybe 2016ish?), a friend was saying about investing in Ethereum. Yeah, that paid off. I have no idea if that person held onto it or if he sold when it hit a certain point. Either way, a nice return. I jump in and the entire market crashes.
On a positive note, it looks like things are coming back and I am almost at my original investment. I know this is a long game and for the most part I planned to leave it alone and see how it would grow in a few years. But c’mon, everyone fantasizes about being in on the next bitcoin.
