This is my response to @theycallmedan Leofinance initiative post.

Source

Bitcoin in 2011

I learned about Bitcoin in 2011. I immediately realized that it was something that was going to be big. So, I bought 200 Bitcoins, at US$7 each for US$1400. And I told my wife that it will make us rich. She replied that I was going to lose my money. But she added that if I were to get CAD$10,000 out of it, we would have to go on a cruise. Deal!

Three weeks later, I was in Paris and I told my colleagues about Bitcoin, and they told me that I was dreaming and that it would never be anything of value. As the value of Bitcoin was US$30 at that time, I decided to get my money back and see what will happen later. So, I sold 50 of my 200 Bitcoins and I got US$1500.

So far, this looks like a fairy tale story, isn't it? You may think "if this guy kept the 150 Bitcoins up to December 2017 and sold them then, he got three million dollars!". No, that is not what happens.

In 2013, I sold 10 Bitcoins for CAD$10,000 and I told my wife that she has to decide about the cruise. It is now November 2010, and she has not decided yet.

Unfortunately, I left the rest of my Bitcoins on Mt. Gox, and they all disappeared in February 2014. End of the episode.

Steem and Antshares in 2016

In 2014, I had subscribed to a financial newsletter, The Palm Beach Letter. They started to recommend to buy Bitcoins and Etherum in 2015, but I did not listen. Then, in November 2016, they were talking about 3 cryptocurrencies and recommended to not invest more than US$1,000 in each. Two of them were Steem and Antshares. I don't remember the third one.

I bought 10,000 Antshares at US$0.07 for $700. As you may know, Antshares changed its name to NEO and its value went up to US$200.

I had tried to blog before, but I had no incentive to do so. But, on Steemit.com, I found a dynamic community of bloggers, artists, and musicians. And you could be rewarded! Sign me up!

I invested a little in November 2016 and I wrote my #introducemyself post on December 4th, 2016. It was very well rewarded and my reputation went directly to 50. I just realized to day that 99% of the reward came from @blocktrades.

After 5 posts that went nowhere, I started a series of posts on December 10th: A Brief History of my Family in France. I had more success with this. It was followed by another longer series at the end of January 2017: The Story of My Life so Far, that lasted for several years in 130 episodes, in English and in French.

I decided to invest more in Steems and in March 2017, I had bought for almost US$17,000 in Steem.

Overall, I invested some CAD$47,000 in cryptocurrencies in 2016 and 2017.

At some point, I decided to get my money back, and I sold 2,200 NEO for CAD$47,000.

In January 2018, I sold again 800 NEO for around CAD$100,000. This helped me to buy the apartment where I live currently.

Over the years, usually on the recommendation of Teeka Tiwari from Palm Beach Group, I have bought 30 different cryptocurrencies.

Hive in 2020

After Hive forked from Steem, for a short time I did double posts, on both hive.blog and steemit.com. Then, I decided to abandon Steemit altogether. After a month of power down, I sold all my Steems, bought Hives with the result, and power them up. This almost doubled the number of my HPs that are at 321,000 today. 45,000 are currently delegated.

During the four years that I have been on Steem and Hive, I have not sold any of them. I only used some for crypto gaming.

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The value of all my cryptocurrencies today is around US$250,000. The main ones, in decreasing order of values, are NEO, Hive, Binance Coin, and EOS.

I expect 2021 to be a major year in terms of cryptocurrencies.

And I must say that overall Crypto and Blockchain have been very good for my personal finances.

To the moon!

-- Vincent Celier

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