I'm always late to the party, except when I'm too early. And when I'm early, I leave before it really gets going. Crypto has been occupying a part of my mind since Bitcoin was worth $1.00. Believe it or not, I'd somehow heard of it before then, downloaded a client, didn't immediately grasp what was happening and didn't open it again until several thousand blocks later.
I mined with reckless abandon and profited a little bit (in retrospect, it may have been a loss when all is accounted for) when I later sold the machine and the 200 Bitcoins I'd created to help with a down payment on a house. Had I held on, I could have just bought a house outright. Arrived to the party a little early and left before it got interesting.
Same thing happened with Litecoin. I was one of the first 10 people to download it and I was with Coblee during its creation, along with a few other folks. Way early to the party. Hey, these 25,000 LTC are worth a couple hundred dollars? Sell, Sell, Sell! It keeps me up at night sometimes.
I'm not going to make those same mistakes again and the reason I'm writing this is to urge you all to take heed. Many of you are new to all of this, so you don't yet know what it feels like to essentially luck into something that is so potentially large. It is very easy to underestimate it. It is also easy to second guess those pie in the sky dreams you have at exactly the worst time and foolishly abandon when you'd just 10 minutes earlier thought was the next big thing. Its easy to dismissed because it seems in that moment that it was so easy to attain. There are some of you who are reading this and thinking, "This is my story, too."
I don't know if BTC, LTC, ETC, ETH, or Steem are going to the moon. I do know that something is. So for those of you out there who are trying to provide for your families as you watch your job become obsolete, or trying to pay for school delivering pizzas, or just trying to stay ahead of the technology curve, I urge you to think very carefully about leaving the party. If you're trying to leave in a panic, it is too soon. So kick your shoes off and stay a while; we're on the best ride going, and 50 years from now you won't have to be like me, kicking yourself because you stepped off the rocket and entered the void, rather than landing on Luna firma.
I wrote about the "crypto party" in my post about where the money comes from.
cryptocurrency requires patience. It's true.
I know 3 people that have had this exact experience in crypto. Now they're avid bag holders of their crypto investments.
Feels like a bag one day, a gift the next.
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