My End of Year 2020 Cryptocurrency Investment Report

I started learning about cryptocurrency around March 2019 just before Bitcoin rises to $5000. Like everyone else, I imagined those people buying Bitcoin at $1 less and it once reached $20000. These people became reach overnight. Bitcoin drew my attention but I was smart enough to know that $20000 is a bubble that will pop and when it finally dropped to $3000 was my chance to get in. It was my first time so it took me long to register to exchanges, tried only $100 and time ran out that it was after above $5000 that I made a decent investment.

I sold most of my Bitcoin above $9000 and decided to try buying altcoins. The altcoins that I bought in 2019 are coins from Indodax and proof of stake (PoS) coins at that time. Back then, my mindset was still certificate of deposit (CD) where I want to put my savings to work by earning interest so PoS coins attracted me at that time. I did not realize back then that the interest does not matter, but what matters is buying at the bottom and hold until the bull market came while earning interest. Inflationary interest does not save anyone in the bear market. The PoS coins I bought are mostly from Binance, and Kucoin. I staked them in their native…