“Nice site.. but there is so much fake news out there, who are you to advise us.”
Great question! But hey, I’m not here to drop wisdom bombs – I’m just a data collector. Plus, I’m a bit of a crypto greenhorn. I’ve been dodging tips from friends for ages. I mean, I did peek into Bitcoin mining back in 2014, but let’s be real – it was like trying to unravel a mystery wrapped in a puzzle (and mind you, I’ve got a degree in software engineering!). Shady software, info playing hide-and-seek – it was a mess. That’s the mess I’m trying to untangle in this wild world of dividend tokens.
Now, onto the only advice I’ll dish out:
- Do your own research: You probably landed here because you’re already a research ninja.
- Invest wisely: Only put in what you’re cool with losing.
- Hold your horses: No selling your house or taking out loans. Crypto can be a rollercoaster, and your assets might pull a disappearing act overnight.
- Timing is everything: If you’re in it for the long haul, think about when you’ll cash in. Your crypto is just sitting there, twiddling its digital thumbs until you do.
- Chill out: No panic selling based on the latest news or following the crypto herd.
- Wallet wisdom: Exchanges are for exchanging, not for hosting your precious crypto. They can lock you out for no good reason and might just vanish in the night. Ever heard of Mt. Gox? Google it.
And hey, if you’re a crypto newbie, check out my articles. They’re not just words on a screen – they’re lessons learned the hard way. So, buckle up, dive in, and let’s decode this crypto craziness together!
My Crypto Life
At the end of last year (2016), I made a decision not to ignore the crypto wave and grabbed some Digibyte for what felt like loose change. Back then, you could snag a million for less than 500 euros. As I delved into the research, it seemed like this little gem had the potential to grow into something big. I boldly declared a five-year holding plan and sat back to watch the magic happen. However, the challenge with the whole “hold for five years” idea is that you inevitably start obsessively checking market prices. What started as a once-a-day glance turned into a once-an-hour habit. Crypto markets, unlike their traditional counterparts, had this wild dance of coins bouncing up and down with margins that would make your head spin. Fast forward to the big crypto explosion in May and June 2017, and I saw my DGB skyrocket to over 30BTC! But, alas, what goes up must come down. It took a tumble, and my nerves couldn’t handle the fall, so I hit the sell button.
Cash in hand, I went on a mining rig shopping spree and dipped my toes into day trading. The mining rigs, though noisy, couldn’t keep up with electricity costs and increasing difficulty, so I sold them off. Day trading, on the other hand, turned out to be a bit too much like a real job – waking up in the middle of the night to check prices and adjust orders. Not exactly the healthy lifestyle I had in mind.
Then came Dividend Tokens.
Enter TaaS, the world’s first hedge fund paying out dividends. I grabbed some and enjoyed a nice sum of passive income. That was my gateway into a whole new world of dividend tokens already in the market and some still in the ICO stage.
SIFT caught my eye, and I became so enthusiastic about it that the SIFT team hired me as their community manager. You can find me there as @TheLaziCryptoInvestor (just check out the pinned message). And, of course, I hold a chunk of SIFT in my portfolio.
From then on, I caught the dividend token virus. Doing nothing and receiving dividends on a regular basis – weekly, monthly, or quarterly – became my new favorite pastime. It’s a lot easier to HODL when you’re getting a sweet passive income on the side.
So, you could say crypto not only changed my perspective but also my life. I landed a gig in this fascinating world and found myself on the fast track to retire on passive income, thanks to a portfolio filled with dividend tokens. Not bad for a 500 euro investment just over a year ago! 🚀