It has been a hell of a ride since 2017 till today, February 2021.
I entered cryptocurrency, invest-speculating into speculative and new digital currencies and cryptocurrencies such as
- Bitcoin (BTC)
- Ethereum (ETH)
- so many
That time, it was freaking ball-shrinking when the market crashed and my portfolio showed an average 70-90% loss.
Of course, though I’m not that smart, I have a general sense of what “can / should work well” and what cant, especially with visionary / anticipatory businesses and investments. Out of many cryptocurrencies and idiotic unmanaged ICO (initial coin offerings), I estimated about 50+ coins, about 5 of them “made it”.
Today, I’ve made profits and instead of cashing out, I’m staking them for more returns. These returns I can cash out monthly which can yield me a good USD 1K+ a month or I can reinvest into crypto – whichever is more useful / functional for me.
Finally, I can breathe a little better. Of course, crypto is not predictable yet – I suspect there will be a few more crazy cycles of crashing, though more institutions are buying into Bitcoin and cryptocurrency, some news:
- https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html
- https://decrypt.co/47061/8-public-companies-biggest-bitcoin-portfolios
- https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
Note: I am still very very very bullish on BTC for the long run (long run = more than 10 years ie 2030+), and will earn more to invest into dividend stocks, cryptocurrency etc.
If you’re looking into investing / speculating into cryptocurrency, consider using my affiliate link and use the Crypto App (we both get USD 25 in CRO coin) – very convenient with wallet, ability to “stake” your cryptocurrency to get cryptocurrency dividends etc. I use this app daily and it’s super convenient. Recommended: Crypto.com’s App + Debit Card (use my Crypto.com code n9h6j72gs4 and we both get USD 50)
I’m the founder and writer here at NigelChua.com; as well as serial entrepreneur, therapy business entrepreneur, digital entrepreneur, investor and also happy husband, father and Christian. Loves good success and freedom.
Learned early in life on importance of making more and entrepreneurship. Started and sold off a business for 7-figures; built another 7-figure one and growing it further, as well as building/investing into other businesses.
I help and consult people how to diversify their income by starting offline or online business to create financial freedom for themselves plus achieve balanced good success in their lives.
Leave a Reply
You must be logged in to post a comment.