learn crypto graphic of money tree being watered for decentral publishingWhen I started my journey to learn crypto back in November 2021, I knew absolutely nothing about the world I was entering. I was a complete crypto newbie, and while I heard of things like Bitcoin and Dogecoin before, I never really paid much attention. 

But as I began my journey, I quickly started to learn about crypto, decentralization, and blockchain technology. Over seven weeks, I began researching projects to invest in, exploring wallets and exchanges, and made my first official investment.

Now that it’s been a month since I wrapped up my journey, what are my investments looking like? Did a hodl through the “January reckoning”? Have I changed up my investment strategy?

What I learned from the crypto market crash 

learn crypto holding bitcoin coin for decentral publishing2021 was an overall great year for crypto. But by the end of the year, the crypto market crashed

Bitcoin had reached an all-time high of $69,000, but it is now around $43,000 at the time of this writing. Many other crypto projects similarly lost value during this crash, including those I invested in.

I chose to invest in a couple of projects around November 2021 when they were climbing in value, and they’re still currently worth less than I bought them at. 

I remember thinking that one project in particular I wanted to invest in was going up in value every day, so I needed to invest sooner rather than later instead of waiting. If I had only been more patient, I could have invested at a much lower price than I did. 

Source: Photo by Executium on Unsplash 

Did I hodl?

So, did the “January reckoning” scare me away? Did I sell off my investments, or am I continuing to hodl?

Don’t worry, I haven’t given up that easily! I am definitely continuing to hodl

If there was one takeaway I learned from all my research to learn crypto, it’s that the market is volatile.

So with that in mind, and considering the long-term, upward trend of the crypto projects I invested in, I plan to keep holding on.

I’ve only had these investments for a little less than two months, so I’m eager to keep hanging on and see what 2022 has in store for these projects and the crypto world as a whole.

Overall, I don’t regret the investments I chose. I am still interested in these projects and the potential of the technology behind them. 

Do I have a new investment strategy?

learn crypto colorful bull with crypto coins for decentral publishingAs far as my investment strategy, I am also keeping that the same. I am maintaining a long-term outlook and don’t plan to sell my investments until years down the road. 

When I first invested, I checked my Coinbase account multiple times per day to see the market changes– mostly because of beginner excitement.

But now, I don’t check my account nearly as often, maybe just once per week.

I also have not added any new investments yet or tried any new wallets or exchanges. While I don’t plan on investing a large amount of my money, there are some projects that I’m considering investing in.

Source: Photo by Executium on Unsplash 

What will I do next on my journey to learn crypto?

There are other cryptos I’ve been thinking about adding to my portfolio to make it more diversified, but I haven’t done so yet. The top three crypto projects I’m considering investing in right now are:

  • Ethereum
  • Polkadot
  • Cardano
  • Cosmos

I’m also thinking of buying more of the same crypto I already have while the price remains low, or “buying the dip.” Check out my post on managing my portfolio to see which projects I am currently investing in.

Overall, I am still taking my journey to learn crypto slowly and making sure to do my research before I invest in something new. There’s still a lot for me to learn as a crypto newbie, but I’m still having fun while doing so!