#CryptoFinance Initiative: How has Crypto and Blockchain Technology Impacted your Personal Finance?

First post here and how fitting of a subject ...

So let me tell you about my journey in the cryptosphere.

PHASE 1: IGNORANT

I was first exposed to cryptos during 2012-13 when you could still mine with a home PC. I had a Mac with a poor graphics card and I almost ordered a PC with a powerful one so that I could mine some Litecoin. I remember Litecoin being around 1-2 dollars, but in the end, I didn't buy the PC because it would cost me 2000 euros and it would greatly diminish my savings at that time...

( image from my canva.com pro account )

Well little did I know about cryptos and prices, but I don't regret to honest, but but If I had a couple more thousands in the bank I would have done it. Anyway, didn't have this spare cash and didn't do it. And I am fine with that.

Years have passed and I left my hometown Thessaloniki to go to Athens to open my technical office ( I am a civil engineer ) and we arrive to the summer of 2017 ...

PHASE 2 : NAIVE

During my summer vacations, I came across an article from a friend of mine about how you can blog and earn money, crypto money. Out of curiosity, I read it...
Can you guess what was it about?
Of course, you can ... Steemit ...

It was a rather strange period in my life... My office was doing fiiiine but not great and I was trapped in a toxic business relationship. I wasn't very satisfied and this crypto thingy seemed to give me an alternative, a way out. Later, I realized this wasn't the change I needed.

So, I started reading, educating myself, learning all about chains, coins, tokens, keys you name it.

I started blogging on the other platform. This is where I met so many wonderful people and starting to make some crypto moneys.

I started "investing". And I put this in quotes because in reality, I was buying coins left and right because someone said it on the internet. Obviously, I bought bitcoin but I made some other "investments" as well.
( image found on google )

And then it came the bull market and the peak ...

( image found on coinmarketcop.com )

I thought, we thought, we would be rich, we would drive lambos and never have to work again. We would just upvote each other and earn tokens...

And then it came the crash ... I panicked sold a lot of my coins at a loss. At least, I kept my bitcoin and a couple of other coins and continued being in touch with the news, even though I wasn't really active.

The only thing I regret and the lesson I got was that you have to take your profit no matter what and if something is too good to be true, it isn't...

I focused on my business and business was good, earning me a lot of "real money"...

And this brings us to today.

PHASE 3: REALIST

As I told you my business is doing great, which means that I have some euros to invest. Pandemic gave me some spare time to research and the realization that I have to diversify my income.

I tried to buy some stocks. Real stocks, not the bullshit crap eToro sells. In this part of the globe, it is not as easy as I thought, but I will not give up...

Until then there is the beginning of another bull circle ...

( image from my canva.com pro account )

And this brings us to actually today ...

Thursday 26 of November 2020...

Blockchain technology is revolutionary, but I will leave this to the programmers. Most of this technology I don't understand and probably never will.

I am interested in its applications and especially crypto currencies.

From my involvement in the space I got some cognitive knowledge but the real and big lessons were those in character. And I will use them in this run...

Will I ride the wave ? HELL YEAH !!!

Will I abandon everything for crypto ? FUCK NO !!!

Crypto will be another source of income and I hope I will make the most of it.

Here's my strategy :

I have bought as much BTC and ETH as I could and will continue to buy if they dip. I will keep 90% of it as a store of value for the years to come and the rest of it, will sell it in a year or so for profit.

A small amount of money will be allocated to projects that have the potential of x10 or more. They will be sold without a second thought.

Another part of my portfolio is established coins that can go x2 or a little bit more. I will sell an amount of them depending on their performance.

And the last part and the part that I am most interested in are coins/tokens that pay dividends in a passive or not so passive way.
Hive/Leo is obviously one of them. I will post as frequently as I can depending on the time that I have. My main focus remains on my business.

KCS and BTMX give passive income and I have some of these. I will do a full presentation in the near future. I look for projects like these. Please share if you happen to know.

What I avoid :
Coins that when you stake them they lock you for more than 3 months and promises of APY more than 15% because it is not sustainable.

This is my journey, these are my lessons and this is my strategy...

Hope we will make some gains along the way.

BUT my biggest gain was the people I met on this journey.

I am excited for what is to come ...

And until the next post...

Be healthy and smile !!!

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