A few years back, I didn't believe in cryptocurrency. it was like a fad - and like any other fad, it will soon fade and die.
A few friends have been encouraging me to get into it but I wont. The old man in me believed it was the stable stocks and bonds that will make great investments.
I started trading stocks in 2017. The dividends, are small - a few hundred pesos each year but the price of those stocks keep on dropping. Philippine stocks were at their highest when I started. By March 2020, some of my stock investments are at their lowest.
The price of Bitcoin (BTC) Ethereum (ETH) and even Dogecoin (DOGE) have been going up this 2020 and 2021 but its a rollercoaster ride.
Last Friday (May 7, 2021) The price of DOGE went up from 0.58 to as high as 0.73
I NEED TO BUY CRYPTO.
I added funds then waited for the "right time"
That "right time" for me came on 10th of May. I bought DOGE for 0.4995
It was a BIG MISTAKE. It went down to as low as 0.350 in the next few days,
I can still sleep but I feel regret. Who oh why did I allow my self to get into this?!
Then, Today that roller coaster came up., I had the opportunity to sell DOGE for 0.54500.
It's a very small gain but it was a great experience. This old man felt very modern owning some Cryptocurrency.
I was very young when the internet boom started. Yahoo, Ebay, Amazon and Google were born during those years.
I have missed that opportunity but I certainly wont miss the crypto boom.
*This is not an Investment Advice. buy crypto at your own risk
*Dont buy VUL. This is a Friendly Advice.