How has Crypto and Blockchain Technology Impacted my Personal Finance? - #CryptoFinance Initiative by @theycallmedan

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Hello Everyone

I would like to thank @theycallmedan and Leofinance team for this wonderful initiative to participate and share how Crypto and Blockchain has impacted our personal finance.

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My crypto journey was started in the last quarter of the year 2017 and the first coin that I had purchased was Bitcoin. I was completely new to this segment and at that time I never thought that I would continue it so long. It was a bull run time and people were considering crypto a way to become millionaires overnight. Many of my friends have made a good amount of money but I made a late entry and I was not lucky enough to be one of them. Its because I was new and was not much aware of the steps that we need to follow in the crypto space. I did emotional trading that time and whatever I earned, I reinvested without even thinking that I should take some capital investment back. When the market was crashed in Jan 2018 then my portfolio was in heavy loss and I decided to hold it for a long.

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My Traditional Investment and Finance

Was a traditional investor until the time I started investing in crypto and we all know that traditional investment has the limitation of returns. I used to invest in bank deposits, Mutual funds, and gold but I never got more than a 12% annual return. I was looking for something where I get limitless possibility as I knew that it was not possible in traditional investment instruments and I did not like the way the stock market operates because I had seen so many companies where the scam was reported and share value was manipulated.

Crypto changed my Mind and way of Investment

Until 2017 my portfolio had only mutual funds, bank deposits, and Gold but now I have over 80% of my investment in cryptos.
After my entry in crypto in the year 2017 I had earned a lot of money since the bull run was started and this was something I never expected but because I was fresher so could not manage it well but this was a learningful experience for me. After the market crash, I started studying more about crypto and blockchain technology. During this study, I got to know about steem and even ways to mine the various crypto coin. Mining tokens was not possible for me at that time since I did not have enough funds but then I focused on steem. It was a completely new concept for me and I was impressed with this concept.

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I was amazed to see that people are so good in content creation here and they keep on sharing the content for various topics including crypto and it helped me a lot to get an insight into crypto and blockchain technology. It also helped me to make my long term goal with crypto.

Earning money is the requirement in life and investment is the right to multiply the earning but the right investment gives the best return. I learned from one of my senior colleagues that investment in technology has very high chances to grow and it has limitless possibilities. I liked this idea and then I started increasing my investment from 2018 and now I hold various crypto tokens in my portfolio.

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Blockchain is a new age technology and crypto is part of it so I have chosen the right thing. Nowadays when bitcoin and other cryptos are booming then more new people have started talking about but I think they should spend some time on it and make a proper strategy to invest. Nothing happens overnight and crypto is not something that can make anyone Irish over the night but if the investment is done properly with long-term planning then for sure there are high chances that it can the kind of return which nothing else can give.


When I made my entry in crypto that time I knew nothing but now I know much about it and that why my belief on crypto and blockchain is long-term. The same I am following with Hive and Leo tokens as well and I am quite hopeful that after few years (probably 2025) we will see what crypto can do and for that, we need to give it some time. I learn and earn here on Hive through various ways like- content creation. curation, tokens trading, game, etc and as far as I know then outside the crypto there is nothing like this that can give a bunch of options for everyone

I dont check my portfolio every day and sometimes I even see once a month rarely. I do this because I believe in the long term and even there is a lot to explore various projects which I could never find in traditional investment instruments. many people think that money management and investment is a tedious task but I must say that in crypto its so easy to provide you plan it nicely with long-term vision. I dont do intra-day trade because its very risky and I dont have that much time. This is also because I know that I will be able to get an even better return in long run. I can even prove it because when I got to know about Bitcoin in 2016 it was not even 1000 USD but these days it has touched the 19k USD mark.

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In traditional investment, people believe that 15-20% ROI is something that is considered the best but I believe they need to check the growth of bitcoin from 2016 to 2020 and then they will get to know the definition of the best ROI


I have started earning since 2003 when I was doing my graduation and from the year 2003-2017 (almost 14 years), my investment portfolio was very limited but from 2018-2020 (almost 3 years), its more than 3 times of what I made in those 14 years. Its because I got way better returns in crypto and I also enjoy this segment and it has certainly changed my life

Based in my experience and journey of 3 years in I would say everyone should at least try in crypto with any amount that you feel like but make sure that your vision is for the long term. I can assure you that you will never be disappointed if you choose the right project and adequate time period to grow your money. Undoubtedly Hive is one of the best options to go for and you just give it a few years.

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This is my submission for #CryptoFinance Initiative by @theycallmedan with the topic- "How has Crypto and Blockchain Technology Impacted your Personal Finance?" and this is the official announcement post.
I would invite everyone to use this opportunity and participate to share.


Thank you so much for reading my post

Have a great weekend

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Posted Using LeoFinance Beta



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5 comments
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Some interesting crypto journey you've had, it sucks when we loss but like you said it is a learning curve which we have grown from and have some understanding.
I feel to win in this space, you've to have long term goal in mind.

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Learning and earning are my two favorite words, I'm glad to see them in action here. Investing in Bitcoin at 1000 and waiting till now must have been a huge return, well, Hive is still 0.1 now perhaps we have that chance again

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Your experience shows that with effort, dedication and patience great gains can be made. I share your idea that everyone at some point should experiment with the critp world as they have so much to offer.
A warm greeting friend!

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