Plot ruiner: I made enough to quit my job and as of today I am setting up a limited company to provide cryptocurrency advice. Also setting up an online cryptocurrency university with a friend who is an investor if anyone wants to join me in this journey then please comment. Apologies. My grammar is as volatile as the crypto markets
Beginning research
So I started this journey two months ago, I started by researching the lowest cost coins because I knew that by human nature newbies like myself would also do so in hope of the Bitcoin dream right?
The stupid era
So, some coins I love and still hold, some I do not. My first purchase was 50XRP on Kraken (possibly the most unreliable exchange I have used). I quickly sold everything on Kraken, although whilst writing this I may go back and check I don't have anything that is worth money. So ok, I should of brought as much of Ripple as I could of at the time but I did go back to it at the right time as I will return to writing about.
I moved onto Coinbase who seemed to be more reliable (although a low bar in my opinion). I was actually wrong to start so low because the fees on Coinbase started to eat up anything I could make with £250. So I purchased £250 worth of ETH for the first time and it felt great although it was on my 0% credit card which lowered the good feeling but YOLO right. I transferred it over into Bitfinex and brought more Ripple whilst trying to figure out how to use Bitfinex. Bitfinex is actually pretty great for serious traders. My favourite thing about Bitfinex is the trailing stop which follows the current price by a margin you decide and sells if it falls below that difference. So it will follow BTC up to $20,000 for example but sell if it corrects more than $1000.
Accumulation era
I made a little bit on XRP which was floating around 0.2 -0.3 at the time. I started to regularly build up positions from there on. I brought the following ADA, XRP, NEO. I spent £1800 over the next month putting more money into the coins that showed continued growth. Like a reward for them haha. I got so addicted to crypto, doing it at work, at night and in my sleep.
Smart moves and a little luck
A month in I woke up and started my obsessive search and found the IOTA Microsoft partnership announcement which was two days in causing the price had increased but not much so I pooled all my resources into IOTA and quadrupled my money overnight. Things were starting to get serious, so I sold my IOTA at ATH and brought some more when it dropped. I waited for it to rise to current levels in a few days. Side note, IOTA has stayed stale since them, I think they may be ready for another run. A week had passed since IOTA made me decent money and I went back to my favourite one XRP...
All in XRP
I purchased around 10,000 XRP at the time it plummeted to about 0.17 (I love when people panic) also the time I got wind of the rumours on XRP chat which are still circulating now in fact. XRP rocketed and I sold at the ATH knowing it would drop again. I decided to split my portfolio after that. I split it into BitShares which I still love, ADA, MANA and some Btyecoin because I love underdogs. They all started to rise and I mainly sold ADA at the time because it is unproven and I know people still have no idea where to price it. I sold ADA at an ATH to buy some...yeah more XRP on the big dip. I edged towards 15,500 XRP which was a good call.
XRP started to become a train because... well it's solving the biggest problem this world has (I'm sure there is other problems that are far greater but I love business). Slow expensive transfers. I rode the XRP wave until late December when BTC started to tank and XRP was down but holding strong. So I sold 5000 XRP for .45 ish Bitcoin. I also sold another 1000 XRP to buy XVG when it dipped after the McAfee pump which made me £800 profit of which I put into TRON haha. Brought 30,000 TRX at £0.03 ish. I have played the game well. The next day pretty much Tron wen't to the moon and I doubled my money and some. Ended up with £2500 from around £900 worth of XRP.
We are very close on the Timeline to today. I cashed out that money from Tron although I still like Tron I don't get what it does yet and that is worrying for me. My current portfolio:
1900 BTS
4323 MANA and some land!
70/30 Split between XRP and BTC
The markets have tumbled today but I made my years wage overall. I use UpHold to withdraw straight to my bank account which has been really easy. In fact they now accept debit / credit cards for buying coins. If people like this I will continue to document my journey included setting up a company to advise on cryptocurrency. My previous is software development and design.
Using Bitcoin to pay the bills
A close friend knows a person at USI Tech and also has $100k in it Here is a link. Don't listen to fake news about them. People don't like other people making too much money. who pay 1% of your BTC back per working day. They previously used trading algorithms but have since moved into buying mining equipment and give back BTC to the users. They have seen tremendous growth and lots of fake news but I have made the 1% - 0.8% per working day and also withdrawn around £250 on separate occasions.
The best thing to do is compound on their system where you can almost triple your BTC holding if you re buy the packages which are fixed at £45. I would seriously encourage anyone to just edge in some money and see what happens. I can personally vouch that the exist and also that the system works. I am going to be increasing my holdings to receive roughly £150 per working day.
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** None of this is investment advice, only trade what you are willing to loose. I payed off what I put in and I am using my profits.