My cryptocurrency journey

I looked back to when I heard about Bitcoin first. I heard then that Bitcoin can be converted into fiat money and of course, I was intrigued to find more about it. For some time then I always believed that I could make some money online. I don't know if Bitcoin could mean much more. In the process of making money online, I stumbled upon read.cash by someone who I met online. It was on read.cash that I came to understand some little things about cryptocurrency. I learned that Bitcoin is the oldest form of cryptocurrency and that there are thousands of other coins apart from Bitcoin out there.

Because most of what l learned from cryptocurrency was self-directed without nobody to take me through how it works, my learning was somehow slow-paced but it was steady. When I started my cryptocurrency journey, all I know is that I could write some articles on read.cash, get paid in Bitcoin cash and I could convert it to my local currency which is the Nigerian naira and sells. I didn't know much about trading then or how I could invest those coins to bring me more money. I was just selling then until I met someone who already knew about cryptocurrency and trading. And I learned so much from him. With his help, I was able to register on Binance to start my crypto journey afresh.

Since I was a student then and still depending on my parents I couldn't get much capital to start trading. Back then I couldn't raise much money from reading.cash as well because I wasn't tipped enough then. I started hunting for airdrops to enable me to get enough money for my trading then. I did many airdrops of which most of them are unreal. I usually checked coinmarketcaps.com(CMC) website as well to look for potential airdrops. After many tries, I won Sand airdrop which was worth enough to start trading on Binance. I was so happy to start trading then.

One thing about the market is that it is highly volatile. Another reason why people lose much money in cryptocurrency is that they lack adequate knowledge about how the market was. Because I was still an amateur when it comes to trading cryptos, I lost all of my trading funds to a scam coin that rug pulled. I couldn't HODL( a term in a cryptocurrency that means to hold on to a crypto asset for a specific period) and I lost every investment I had in cryptocurrency back then. I nearly cried my eyes out because I struggled to build my portfolios that much. But what could I do? I didn't give up but I continue to learn all about Bitcoin and its uses.

Presently, there is too much dip affecting the crypto market that most people are considering closing their trade for now. Many believed they can't make money during the wrong dip. You can still have a profitable trade during this dip. When trading during the dip season you might want to consider the following advice.

1. Invest what you can afford to lose. During dip seasons, many people lose funds and it's only wise to invest what you can afford to lose. You can also gain much more later. The cryptocurrency market is vast and being greedy, especially when taking profits could be bad for you.

2. Do your research(DYOR). Always make sure you do well-planned research before buying any coin or digital market. Check coinmarketcaps or coingecko before you buy any coin so that you won't invest in the wrong coins. You might want to check their whitepaper too.

3. Always set your stop loss when you are trading.

4. Try to capitalize on market directions to enable you make the best decision when it comes to carrying out your trading.