RE: What does crypto represent for you?

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That was interesting! I'd never heard of Klammlose before... but Joomla! I remember having a Joomla site somewhere between having plain html sites and moving on to self-hosted Wordpress sites.

I was a slow starter with crypto and I started simply by accumulated satoshi on the faucets until I had enough to send over to Coinbase. When Bitcoin was around $6,000 towards the end of 2019 I had built up a massive $200 worth of satoshi!

Then I got a bit carried away with some dodgy crytpo "arbitrage" sites but came out ahead of the game in most cases by not getting too greedy and withdrawing early. That was going on for much of 2020 and is not something I would risk any more.

Indeed, I realized that I was just being lazy by not learning do my own trading, so I spent a couple of months learning the ropes on the Stormgain platform by trading small amounts of my own BTC, and by demo-trading.

Then, as soon as I discovered that the new version of CTP was tied to a blockchain project
called Steem I decided to get involved, a couple of months before the Hive split. I followed the CTP tribe over to Hive and have been building up CTPT since they were launched a few weeks later.

With the closure of the coinpot faucets I shut down most of my "faucet" operations, continuing only with FreeBitcoin and SatoshiHero.

My two main crypto interests are Bitcoin and Hive/CTPT.

As for what part they play in my investment strategy, I have been influenced somewhat by Nassim Nicholas Taleb's "barbell strategy". My crypto portfolio = the "high risk" end of the barbell, and it consists of various "weights" which are BTC, Hive/CTPT etc, and then my crytpo futures trading account, the smallest weight at the far end of the "high risk" end of the barbell.

I call it "high risk" and yet, just as you said about your own accumulation of crypto, none of my crypto comes from "out of pocket" investments of cash, so in that sense the "high risk" is mitigated.



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Thank you very much for sharing your crypto past. I think it's a good strategy to diversify our actions and our income sources. What I like about the crypto world today is that it's getting easier every day to link crypto projects together and thereby diversfing what we own and how we can generate passive income.

!ENGAGE 20

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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2 credits and 3 bonus credits added!

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