Okay guys, so we all heard about how crypto can change your life and stuff like this, but I kind of lived the experience on my skin.
September 2020, one of my friends told me about a coin with good potential that could skyrocket and do 3-5x in like 3-6 months.
I was just started to get familiar to crypto back then, it was the period when I started investing the small of money that I had saved into stocks, so I was like “Woooooow, 3-5x in like 6 months?this looks like an once in a lifetime opportunity”.
But the problem was, I didn’t have big money to invest into that coin.
That’s when my father came into play.He had some friends that were also doing crypto for a couple of years, he kind of wanted to get into it, but didn’t really had the “push” to do it.
When I told him about the coin and that it would have the opportunity to us a lot of money, he agreed to put some money into it.
The coin that I am talking about is EGLD.
So we decided that we should buy 20 coins and see how it goes, at the price of 14.46$.The next day, it went up to 15,6$ and I told my father that we are already in the greens.
When I told him that, he got so happy that he gave me money to buy 80 more coins, so we have 100, a nice even number (FOMO got to him instantly, and he’s not that type of guy).
All was good, it went up to like 16-17$, then it dropped dramatically in the next few months back to 7-8$.I was too afraid to tell him about it (he’s kind of bad with technology and didn’t really know how to check the price), so I kept it for myself.
I had a good feeling about the project and that it would be a good investment, so I bought 20 more coins with my money that I saved, to get the total amount at 120 at an average price of 13,32$.I also put them on staking so we could multiply them.
Long story short, it started going way past beyond my expectations, and it reached a high of 242$, so about 18x my money.
Of course, being at the beginning of my journey in crypto, and investing in general, I tought it’ll never stop going up, so I didn’t sell and watched it drop back to the 60’s.The only good part about this is that I had them on stake and they multiplied from 120 to 135 in that period of time.
Now, that I got out of the “MOON BABY” mentality, and that crypto started pumping again, I started gradually selling the coins at certain price points for some profits.
So, my initial 1600$ investment turned into about 20,000$ and more, depending on how the crypto market will go further on.
This might not be a lot for a lot of you, but for me, coming from a quite poor country, it’s hell of a lot!
Feel free to share your story, I’d definitely love to hear it!
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