Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

analyst75

My best and my worst crypto investments

Recommended Posts

 

My Initial Interest
When I first heard about Bitcoin in 2015, I thought it was a joke. I didn’t care much about it, although I knew brokers and exchanges that were dealing in BTC then.

I created a Bitcoin wallet and once or twice received payment in BTC… But apart from that, I didn’t do anything about cryptos, except watching news about it, like Mt. Gox crash, maniacal movements on BTUSD, and prophecies of doom.

In a nutshell, I thought Bitcoin would eventually go the way of e-Gold, e-Bullion, Liberty Reserve, etc. But I was dead wrong! The technology behind Bitcoin is different and the coin is a totally different breed.

In 2017, I witnessed huge and unprecedented gains in cryptos…. I also connected to major crypto news websites and projects, and the truth dawned on me. This is an investment of a lifetime, the biggest asymmetrical bet in the history of the world.
My best and my worst crypto investmentsMy First Crypto Investment Attempt
In early 2018, I decided to delve into the world of cryptos, although cautiously. My strategy then, was to have a single coin on a single exchange or cold wallet. I didn’t want to put all my eggs in a single basket. If one wallet or exchange went kaput, others would still survive.

I selected 4 coins which I thought would make good profits. At almost $20,000, Bitcoin seemed expensive to me. Therefore I chose:

Ethereum (ETH): It was around $1000 then and cheaper than Bitcoin and I thought it had good potential. I bought it on Blockchain.

Zcash (ZEC): It was around $500 then and I thought it would be another Bitcoin because of its privacy features and because its maximum supply is capped at 21 million coins. I bought it on Trezor.

ATB Coin (ATB): The coin was around $0.99 then. It was featured on many local exchangers’ websites and there was a lot of hype surrounding it. It was a household name then. I bought it on the ATB mobile wallet and stored it there.

Ripple (XRP): I bought that on GateHub. Many cryptos experts believed XRP would be hugely successful in the future. XRP was around $0.99 when I bought it in 2018.

Out of these 4 coins, only ETH is has proven to be successful so far. ZEC went as high as over $700 and later plummeted to $128. ATB became a crashing failure, and the price is currently at $0.003. The chances of ATB getting back to breakeven are very slim indeed. This fact is also true of ZEC and there is no major gain or major loss on XRP.

Basically, I lost money on XRP, ATB, and ZEC. I was only fortunate enough to recover all the investment funds from ETH alone.

In 2018, I had very limited knowledge and I was a neophyte as far as crypto investment was concerned.

My Second Crypto Investment Attempt
In 2020, I created wallets on Myetherwallet (MEW), Binance, and Bittrex. I invested in some altcoins and ERC-20 tokens.

I invested in:

EOS (EOS)
NEO (NEO)
Tron (TRX)
Stellar (XLM)
Cardano (ADA)
Binance Coin (BNB)
Skycoin (SKY)
IOTA (MIOTA)
Zcoin, now Firo (FIRO)

I had a strong belief that MIOTA, particularly, as the 3rd generation of cryptocurrencies, would be successful. I thought it was the future. Nonetheless, I made some money on coins like EOS and NEO. I lost money on MIOTA and TRX, but I made huge profits on ADA and BNB.
My best and my worst crypto investmentsMy Third Crypto Investment Attempt
The last Bitcoin halving took place in May 2020 and the next one is due in 2024. After the last halving, cryptos skyrocketed and personally, I know a lot of local investors who became seriously rich. So in early 2021, I decided to invest in more coins.

I bought:

Holo (HOT)
Wanchain (WAN)
0x (ZRX)
VeChain (VET)
NEM (XEM)
Dogecoin (DOGE)
Shiba Inu (SHIB)

I thought of going for coins that were cheap and at the same time, had huge potential, I avoided expensive coins like yearn.finance (YFI).

You see, the coins I thought would make me money didn’t perform, and the coins I didn’t have much hope for, eventually made me money. A coin may have good fundamentals and metrics now, but that doesn’t guarantee what would happen to it in the future.

To me, SHIB and DOGE don’t have much future potential, I would soon cash out of them and forget about them. I simply invested in them for fun. In 2021, XEM proved to be my worst investment with very poor results, while HOT has made me huge gains.

In Cryptos, Timing Matters
When trading and investing in cryptos, indices, stocks, Forex, and commodities. Timing matters a lot. I lacked knowledge about timing when I first decided to invest in cryptos in 2018. I entered the markets when they were extremely overbought and a long and protracted crypto winter was about to begin… I lost my socks. I was eventually rescued by ETH, though I had to outwait the bearishness on ETH itself, which lasted for many months.

Even if a coin currently looks expensive, investing in it can still bring profits as long as you can wait for years. On the other hand, such an expensive coin would even be a better bargain if you buy it after it becomes cheaper, owing to a crash.

It is far better to buy coins when they have found strong supports, following massive bearishness in the markets. Recently, XRP crashed seriously in January 2022, and then began to rally, bringing good gains for those who went long on XRPUSD.

Really, XRPUSD is a very good instrument when it comes to picking tops and bottoms in the market as a swing trader… XRPUSD is not good for investment.

Yes, timing is everything… It is no longer a secret that one of the best periods to invest in cryptos is the month in which BTC halving takes place. You won’t believe the results you will get if you do that.
My best and my worst crypto investmentsThe Next Coins on My Radar
Having said all of the above, I am watching the coins below. I have carried out extensive research on them and I am convinced that, though there are no certainties in the market, the coins below would bring extremely huge returns within the next few to several years, when you invest with great timing and good entries. Remember I said one of the best timing periods is the month of a BTC halving.

These are the next coins on my radar. I am seriously considering them. They have great potential, enviable metrics, and cool fundamentals. They solve unique problems, bring novel features and great innovations to the world of blockchain. I won’t go into details about the particulars and facts for each coin, but I would mention them.

The coins are:

Axie Infinity (AXS)
Enjin Coin (ENT)
Internet Computer (ICP)
Polkadot (DOT)
Theta Network (THETA)
Solana (SOL)
Polygon (MATIC)
Filecoin (FILE)
TEZOS (XTZ)
Terra (LUNA)
Helium (HNT)
Pancakeswap (CAKE)
And Lucky Block (LBlock)

I won’t reveal more about my timing methods and investment strategies here, for I have gained so much knowledge in the past few years. However, I believe, with the proper timing (proper timing only), a total of $1,000 invested in all the coins above would bring at least $10,000 returns in less than 18 months.

Please note this: this is my personal opinion, and what I intend to do. It is not what I ask you to do. You’re responsible for your own investment decisions.

Source: https://learn2.trade 

Share this post


Link to post
Share on other sites

Everyday new crypto is launching and i can say those coins which goes up and give healthy rewards are the best while those who does not perform are the worst in my opinion.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • GFL Environmental stock, watch for a top of range breakout at https://stockconsultant.com/?GFL
    • PLBY Group stock watch, nice trend with a pullback to 1.83 gap support area, bullish indicators at https://stockconsultant.com/?PLBY
    • Date: 24th February 2025.   German Markets Surge as Friedrich Merz Set To Be Chancellor, Euro Gains on Fiscal Shift   Germany’s stock index futures and the euro rallied after opposition leader Friedrich Merz secured victory. Investors expect a shift toward increased government spending. US-China trade tensions rise as Trump tightens restrictions on Chinese investments. AI optimism fuels Chinese tech stocks despite regulatory concerns. Nvidia’s earnings report on Wednesday is expected to impact market volatility. German Markets React to Election Results Germany’s stock market and currency experienced a sharp rally in Asian trading after conservative leader Friedrich Merz won the country’s federal election. This victory aligns with pre-election polls and signals a potential departure from Germany’s traditionally strict fiscal policies. Futures tied to the DAX Index surged as much as 1.5% on Monday, recovering from early losses in a session marked by thin trading volume. Meanwhile, the euro strengthened against most major currencies, climbing 0.7% against the U.S. dollar. Market analysts believe Merz’s leadership could mark the end of Germany’s tight fiscal stance, with expectations that his administration will prioritize economic stimulus. This shift comes at a critical time, as Europe’s largest economy grapples with sluggish growth, geopolitical uncertainties, and the threat of a global trade war under U.S. President Donald Trump. The euro’s strength also reflects optimism that Merz will form a government quickly, which wasn’t a widely held expectation before the election.     US-China Trade Tensions Intensify While European markets gained, US-China trade tensions escalated as Trump ordered stricter regulations on Chinese investments in key sectors, including technology, energy, and infrastructure. The move is part of a broader strategy to limit China’s influence in strategic industries. Although not legally binding, the directive strengthens oversight by the Committee on Foreign Investment in the United States (CFIUS), a panel responsible for reviewing foreign acquisitions. JPMorgan strategists warned that this decision could reverse gains in Chinese tech stocks, which had rallied earlier in the year. Despite geopolitical headwinds, Chinese technology stocks have posted strong gains this year, largely driven by optimism in artificial intelligence (AI) and key policy shifts. The market remains under-owned by global investors, suggesting potential for further capital inflows. The growing AI industry has helped offset risks from US tariffs, with investor sentiment remaining bullish on leading Chinese firms like Alibaba and Tencent. Chinese officials reacted strongly, with Vice Premier He Lifeng raising concerns about Trump’s recent 10% tariff hike on Chinese goods in a call with US Treasury Secretary Scott Bessent. Additionally, sources revealed that Trump’s administration urged Mexico to impose tariffs on Chinese imports as part of broader trade negotiations.   Despite these challenges, investor focus remains on Nvidia’s earnings report on Wednesday, a key event that could drive market volatility.   Gold Nears Record Highs on Inflation and Central Bank Demand Gold prices held near $2,940 an ounce, just shy of last week’s record, as ETF inflows surged and the US dollar weakened. The precious metal is on its longest winning streak since 2020, fueled by rising inflation expectations and mounting geopolitical uncertainties under Trump’s administration. Lower US Treasury yields have also boosted bullion’s appeal, with traders now expecting the Federal Reserve’s first rate cut in July rather than September. Markets will closely watch Friday’s inflation data, a key indicator for Fed policy direction. Final Thoughts Markets are reacting to a mix of political and economic shifts, with Germany’s election outcome boosting European equities while US-China trade tensions create uncertainty for Asian markets. Investors will be closely monitoring fiscal policy changes in Germany, Nvidia’s earnings, and further trade developments for insights into market direction. For more financial market insights and updates, stay tuned. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news.   Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • INO Inovio Pharmaceuticals stock, holding strong, watch for a bottom breakout above 2.36 at https://stockconsultant.com/?INO
    • Date: 21st February 2025.   European PMI Disappoint, Weighing on Euro Before German Elections   The Euro is the first currency to witness the volatility on this month’s PMI reports. The French, German and British PMI data have resulted in the Euro being the worst-performing currency of the European Session so far. However, will the Euro continue to decline throughout the day? European Purchasing Managers’ Indexes The French Purchasing Managers Index was the first European index to be made public. The release resulted in the Euro instantly declining 0.24%. The main concern from the French data was the Services PMI which fell from 48.2 to 44.5. Previously the market was expecting the data to remain more or less unchanged. The weak data triggered the decline which came to a halt after Germany’s PMI was released.     The German Manufacturing PMI read 0.5 points higher than previous expectations and the Services PMI was 0.2 points lower. The data from Germany was a relief for Euro investors and the price rose 0.12% higher. However, traders should note that the price of the EURUSD continues to remain 0.20% lower than yesterday’s close. The price of the EURUSD will now depend on the PMI data from the US. The value of the US Dollar will depend on its PMI release this afternoon and the Consumer Sentiment Index. Analysts expect both the US Services and Manufacturing PMI data to remain above the 50.00 level in the expansion zone. German Elections 2 Days Away Germany is set to hold a general election this Sunday, February 23rd, following the collapse of the coalition of social democrats, liberals, and greens. Given the country's highly proportional electoral system, German polls provide a strong indication of potential government formations post-election. The main concern for Germany is the AFD party who are Far-Right Nationalists. Currently, ahead in the polls are CDU (centre-right), and AFD (far right), followed by the SPD (centre-left). Traders should note that the results of the elections are likely to trigger strong volatility on Monday, but also influence volatility today. Economists may become further concerned if the far-right gains power for the first time due to uncertainty. If the government, similar to France, is unable to form a coalition, this would also be a concern for the Eurozone. Furthermore, the Euro this week is also under pressure from comments from members of the European Central Bank. ECB Governing Council member Fabio Panetta said to journalists that officials need not slow interest rate cuts, as January's 2.5% inflation is still expected to reach the 2.0% target this year. He also advised the European economy is weaker than previously expected. EURUSD - Technical Analysis and Indicators The EURUSD is trading above the 75-bar Exponential Moving Average and 100-bar Simple Moving Average on the 2-hour chart. However, the price is moving away from the key resistance level at 1.05058 indicating the price is losing momentum. The short-term volatility is indicating the price is retracing downwards. On the 5-minute timeframe, the price is trading below the 200-bar SMA and is also forming clear lower lows and highs. Simultaneously, the US Dollar Index is trading above the 200-bar SMA on the 5-minute chart confirming no current conflicts. Currently, the US Dollar is the best-performing currency of the day attempting to regain losses from the past 2 weeks. Watch today’s Live Analysis Session for more signals as they develop!   Key Takeaway Points: Weak French Services PMI triggered an initial Euro decline, but German PMI provide a slight relief. However, EURUSD remains lower than yesterday’s close. The Euro’s direction now depends on the US PMI reports, with analysts expecting US data to stay in expansion territory. Sunday's German election could drive volatility, especially if the far-right AFD gains power or if coalition formation proves difficult. ECB official Fabio Panetta suggested no need to slow rate cuts, citing weaker-than-expected economic performance and expected inflation decline. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.