Why I choose to invest in Crypto?

Hi Guys,

I know I'm entering late in the crypto world, but anyway Better late than never.

Let's start from the beginning.

So my first investment was in 2018 when the market was booming, I bought 100 ripples for around 300$.

And Just after buying it, the market crashed and my current evaluation went down to around 50$.

Since I didn't have any background Knowledge before investing, I started panicking and thought that I would never invest in crypto anymore. (Though I didn't sell my ripple till now :P).

The reason for me not investing was that crypto was getting banned in India as RBI has Issued a statement against crypto.

Two Years passed by and I didn't do anything.

And then RBI statement was scraped by the Honorable Supreme Court of India.

If you want you can see the statement given by the Honorable Supreme Court here.

At the same time, we again witnessed another Bitcoin halving along with some more good news for the crypto market.

i.e: various firms investing in Bitcoin (Microstrategy).

This made me curious, as I had seen the same scenario in 2018.

So I started thinking about investing again.

By this time I was a little prepared than before.

I started learning about the crypto world (still learning :P)

and then I started with the mindset to trade and earn some money in the volatile market from Dec 2020.

by the end of Feb 2021, I was able to generate around 300$ as profit.

And then Elon Mask started with his tweeting and the price of Bitcoin along with Doge and other coins went sky rocketting.

followed by another tweet from him and China banning Bitcoin mining which caused the market to crash again.

This time I knew that this is temporary, Though when my Evaluation went down to 40% of actual investment, I didn't panic.

This was more of an opportunity in the long run and started to think about investing rather than trading as I know this scenario will again happen in 2024 when Bitcoin reaches another halving period.

I have started to invest 5% of my income in crypto on monthly basis especially in Bitcoin (trying to learn more about the rest of them ).

This Time I'm sure that I would be in a good position by 2024 when we see another bull-run as

I'm learning more about the crypto world day by day.

Thanks for reading!

Do let me know your point of view.

And I'm eager to learn from you guys about crypto!