My Introduction To Bitcoin Part 2..

So, as I detailed in my first article on this, my first introduction to Bitcoin was, well, to get duped by a Ponzi scheme... Joy!

In any event, at the very least, I had gotten my first taste, and so began my own inquisition into bitcoin, and what it was all about! So naturally I went to YouTube, tried listening to some podcasts, and in general just got a skin-deep level of understanding in Bitcoin.

Now, here's the catch; of course, I assumed that the level of understanding I had was enough when it clearly wasn't, and secondly, I decided to trade on the trading website IQOption, which (if I'm not mistaken) is a derivatives trading site? Anyway, I learned a very hard lesson those first few months; if you try to make a quick buck with these kinds of sites... You're gonna get burned bad.

Of course, that also means that these sites are NOT good for any form of long term investing.. Since once you drop below a certain point, it cuts your investment in half, and boom; you have. 50% less money than you did when you began; sad but true. I lost the equivelant of more than $1000 in a time when I really could have used it better.

The thin I learned, especially with Crypto investing is that you need to invest for the 'long' game. The 'quickest' part of that long game is perhaps a weekly withdrawal, but even then, it's all up to the movement of Crypto. Since Bitcoin is hitting stable coin status just about and Etherum decided to go Proof of Stake, the future is uncertain, however, this does mean one thing...

This means the markets will once again become volatile in some way, and if you're a good investor, you know that no matter where the price is going on any given commodity, you can make money if it's rapidly flowing in one direction, point!

This has been my experience with Crypto, and sadly, since losing so much money, I could never raise the capital to reinvest in Crypto again, to this day! I know I'm not the only one who feels this way or has had this experience. Nonetheless, I'm still intrigued! I still get the feeling that in Crypto lies the future of the common man, in terms of investing at least. It's one of the few ways an average Joe can truly make a good amount of money in investing.

In my experience so far, it seems theres a massive amount of potential in Crypto, and because of that, a huge amount of danger and exploitation as well! However, some of the cardinal rules I've discovered, is that naturally, keeping ones 'nose to the ground' as it were, is a must, and derivatives trading is a danger. At least that's been my experience.. Feel free to correct me about anything I'm wrong about.. After all, I'm more than happy to learn more about the weird and wonderful world of Crypto!