I started learning and investing in Bitcoin and cryptocurrency in February 2020. I luckily happened to stumble on Bitcoin a few months before the 3rd halving. The sentiment of the research that I was reviewing online was very bullish. The halving (or “halvening” as some say) was encompassing the attitude of the space, and excitement was in the air. Prices were rising and we were headed to the moon. There was a lot of anticipation around crypto.
When I decided to make my first relatively large purchase of cryptocurrency, the world was amid the Covid-19 pandemic, and a few weeks later, the market ended up tanking. A few weeks after I started buying crypto, I lost almost 50% of what I put in.
Currently, I am still investing in the cryptocurrency space, and will continue to do so.
It is turning out to be a good lesson learned going through a crash at the very beginning of my investing career. I have learned a lot about investing from the market crash, including the importance of diversifying portfolios, scaling in and out, and controlling emotions from fear of missing out (FOMO). Additionally, there has been much opportunity to buy crypto at a much-discounted price compared to a few months ago.
I realize the potential of cryptocurrency in the future and am confident it will bounce back. Cryptocurrency has the chance to grow exponentially. Remember, if you are comfortable buying Bitcoin at $10,000, you should really be happy having the opportunity to buy it at $7,000.
Hold Dog Crypto
