Confession of a Crypto Newbie Turned Investor

The arrival of a group of young guys from a private yacht club was unexpected. They drove up in their fleet of Ferraris, entered the foyer, and proceeded to the VIP registration room. A group of young, savvy men in silk suits approached the reception desk, accompanied by their female assistant, While checking in visitors, one of the men explained that he had come to register for the crypto conference and was a member of the yacht club under the organizer’s invitation.

Jessie was aware, owing to her prior research on Bitcoins, that the early stages of the cryptocurrency market were dominated by wealthy investors.It’s a pattern she expects to continue in the future.The VIPs were led to the seminar, welcomed by the senior director of the Crypto Expo’s organizer, and simply, they were a sight as each one was flashing around with a nice suit, wearing expensive watches, and most of the bankers and crypto exchange representatives were all lined up to greet them.

Crypto Convention Asia 2018 had over 5,000 attendees from major cryptocurrency exchanges, including Latoken (formerly known as Latos), Huobi, and Coinsuper, among others.

The expo provided a suitable opportunity for a number of people to network and to explore the virtual currency world, as more virtual currencies are becoming popular and offer trading services to anyone with excess funds to invest.

The topics covered in seminars range from the future of blockchain to global capital markets, from digital advertising to due markjeting efforts, from ICOs to PR, and all of the topics in between. One of the most impressive things about these seminars is the depth and breadth of the concepts discussed.

As an intern, Jessie took up the job as a last-minute scramble, but she learnt what she needed to know two weeks before the event on crypto currency, and this sight made her envious with wonder as to how these young savvies all seemed so successful, and they were at the exhibition just to attend the seminar on cryptocurrencies. Well, she felt maybe they discovered a means to increase the accessibility of cryptocurrencies. More individuals are investing in cryptocurrencies, and there must be a niche for her.

She was interested in digital currency trading since the sector had a lot of potential for expansion. She therefore launched her own personal adhoc venture with zeal and ambition, but things didn’t go quite as she had planned.

Money comes into play and she has yet to settle her study loan. Bitcoin’s price is projected to fall in the long run, despite its volatile character. She felt it was the right time to invest, and sought her parents’ support, but then her parents were totally ignorant of Bitcoin investment, and refused to support her.

Jessie has learnt the importance of handling their money on her own in Singapore in order to “have as self-determined a life as possible.” It’s time for you to learn how to handle a bank account, Jess. You don’t want to end up in a financial mess. So she took on two jobs at the same time, working 18 hours a day and trading during her lunch and dinner breaks, and struggled for six months to save USD 5,000–00.

“Crypto, particularly Bitcoin, was and continues to be a learning process for me.” I’d want to assist new investors in learning about the financial sector.

As a result of this, she discovered that many investors were willing to seek her advice when she worked as a broker assistant for a brokerage firm to find her first investment capital.

Cryptocurrency has proven to be a learning process for people new to investing in the past. These people may have been scared of the financial sector due to the recent crash in the value of Bitcoin. The drop in Bitcoin caused many to seek out information regarding this new technology. Many traders are fearful of the market because of this and want to get more information on the subject.

In the current cryptomarket, people can easily enter the market without putting too much money into it.To the contrary, she says, the current market slump is mostly due to “ Daily Happening ” events some in the form of Good News, Others like major Gossips of Stock exchange Crash ,and worst on fightings and War !. Most crypto investors are simply waiting to sell their coins and make a profit.

Jessie says that the number of investors who specialize in long-term investments is increasing. This is due to the fact that they do not look for quick pay-days. Instead, they invest money in various projects and products.

Bitcoin is a valuable and underutilized resource.

In her view, investing in digital currencies is a risky venture since people do not know what would happen to the prices in a year’s time, but Bitcoin as a currency has surpassed all of its biggest competitors.

When it comes to blockchain, there is not much potential, either technical or financial, to it. In simple terms, it is a technology that will be used for a wide range of applications.

Until today, she still holds a high objective of making it one day, since in the last 4 years, she was happy that bitcoin brought her some profits, and likewise,the dream that it would bring her to the moon , but is just not happening yet.

Bitcoin is really choppy, so at the same time, it brings many highs and many lows. It’s a tough ride… Hopefully, the next time she shares her story again, she hopes to be on a yacht, like those savvy boys she once envied.

#Disclaimer Note : This publication is not intended for use as a source of any financial , money making legal, medical or accounting advice. The information contained in this guide may be subject to laws in the United States and other jurisdictions. We suggest carefully reading the necessary terms of the services/products used before applying it to any activity which is, or may be, regulated. We do not assume any responsibility for what you choose to do with this information. This article is not meant for financial advice , Use with your own judgment.