Crypto funds my soft life đ°
The Beginning
Although I canât pinpoint the precise date I delved into investing, my crypto journey has been quite a ride, spanning way back to 2019 when I bought my first Ethereum.
Investing in 2019 was not as cheap and straightforward as it is today. I had to use a trust wallet back then, and the fees were much higher. It also wasnât as intuitive as it is now on some centralized exchanges. I was a bit of a financial market sceptic, I was also a student, so I just bought some ETH and forgot about it.Â
My thoughts on Investing
Investing is great, but to me, investing is not the primary prerequisite in becoming financially independent - having a solid savings portfolio is. One mistake many people make is investing when they do not primarily have a constant source of income or some money saved already. To be successful as an investor, I believe in first saving enough to invest. Even if itâs minimal, Investments come with risks, and you donât want to go broke trying to invest.
Furthermore, I donât believe that investments are a get-rich-quick scheme. Thatâs why for me, I put in a few investments and âmove on with my lifeâ- I let the market do its thing while I do mine. So if itâs red, I barely ever notice, and when itâs green, I win!
Within this frame of investments, I have gotten more comfortable with taking risks and taking my gains when I can.Â
Optimizing for the soft lifeÂ
My biggest break in crypto came from one of my earliest investments. I mentioned earlier that I bought Ethereum in 2019 and forgot about it. I wanted to use my crypto wallet to do a random transaction; then, I realize that I had some money in my crypto wallet, which had appreciated over the period I had forgotten about it. It was such good money with great timing!Â
Throughout my crypto journey, I have had times where I used profits from my investment to fund âthe soft lifeâ - Iâve taken trips and bought myself gadgets. I recently paid for my session with a chiropractor - It was the best decision because my body feels amazing! I highly recommend it.Â
The truth about investment
Nobody knows precisely what the market will do in the next 3-6 months. There is no defined path to profit from the crypto market, but here are a few tips I would recommend.
Thereâs so much going on in the financial market and the real world, you do not have to figure it all out on your own. Make some consultations.
Donât invest your rent or any money you need to run your life daily. Youâre better off taking out some time to save towards investing.