How I Lost My Chances With Ethereum
In my first year at the university a couple of years ago, I came across a guy who introduced himself to me as ‘Ali.’ Though I later nicknamed him the ‘Crypto-Man’ and for good reason.
He knew everything that there was to know about Altcoin at the time. Tried his best to sell me the idea of buying one of the numerous coins to HODL for future sales, when the price would have risen way beyond the current price.
Time and again he’d come to me with another coin he’d like me to buy and hodl. Every single time, I turned him down nicely and told him I’d do some research on my own and get back to him if I found the altcoin to be pump-and-dump free.
You are probably wondering how a guy like me with little to no idea whatsoever about the world of blockchain technology, can know a term like ‘pump-and-dump’. The answer is simple, curiosity.
Yes, it’s what drives people to seek solutions to problems or answers to pressing issues. I had done some research about cryptocurrency. Though I found the countless opinions of cryptocurrency enthusiasts quite convincing, the alarming rate of crypto related scams at the time, left me with some concerns.
I remember the day Ali told me about Ethereum which he believed will be “the next bitcoin.” It was the day before my final exams as a final year student.
“Come on bro. This coin is going to be huge. A lot of people have predicted that it could hit its all time high soon”.
I just wasn’t interested at all. To me, it was just a scam with a huge potential of crashing. I didn’t see the sense in buying an asset only to hope for the best, and pretend to forget about it for a couple of years so it could grow into millions for me.
Sounds too good to be true, right? Well, that’s just what I thought.
Days turned into weeks. And weeks into months. Fast forward to 2021 and boom. Ethereum kept growing in price till it crossed $1,000 dollars and that’s when it dawned on me. Not all crypto projects are scams.
Ali pressured me to invest at least 100,000 naira which at the time would have given me a little over 17,000 Ethereum as at 2016. But I was too overly secure about my finances and way too worried about the possibility of the coin crashing. So I lost the opportunity to make an investment that would have turned me into a crypto millionaire six years later.
Hmm, it’s sad I know. But I learnt that sometimes, you just have to take that leap and hope for the best.
You don’t always have to see the light at the end of the tunnel. Just take the step.
As of February 2021, I started investing in altcoins such as Dogecoin, Cardano, Solana, Fegtoken and a couple of others. My plan is to HODL for as long as it takes.
In fact, I started to learn more about trading cryptos and sensitising myself to the world of cryptocurrency. Today, I know a little more about blockchain technology than I did last year. And also the many projects built around it, and its potential to become generally accepted as a means of conducting all manner of transactions globally.
My name is Christopher, and I would have been a crypto-millionaire.
