Learn Crypto with Jenn

When 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 

2021 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?

As 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!