My Crypto Trading Journey and Learnings

crypto trading journey

It’s been a long period since I haven’t published any articles due to some issue. Today I came up with a new topic about Crypto. You might hear about crypto and NFTs. In this article, I will tell you about my crypto trading journey.

I heard about crypto in 2015, but I didn’t have any idea that crypto will make me rich so I couldn’t be involved in this industry. When I was working with Infosys in 2015 that time the bitcoin price was $700, yeah you heard it right.

In 2021, the bitcoin price went up to $50000 and I was shocked. I wish I had invested in bitcoin at that time but due to a lack of knowledge about crypto, I stayed away from it. Also, I didn’t know how to buy any crypto or you can say that I didn’t have trust in any exchange or app.

By looking at this trend, I entered the crypto market and started my crypto trading journey in Jan 2021, and purchased my first ever crypto Bitcoin on the Wazirx app.

My First Crypto: Bitcoin[BTC]

On 3 January 2021, I decided to buy a few cryptos to get a better understanding of crypto and trading.

I purchased a $100 bitcoin at a $33000 price and sold it at $95, I lost $5 but it was great learning for me.

NOTE- I am just adding one transaction screenshot, there are other transactions as well but I don’t want to put many screenshots.

my crypto trading journey

The bitcoin price was $33000 and I invested $100, if you do the calculations then if the price of bitcoin reaches $66000 then I would get a $100 profit. If we are investing less money in high price coins then the profit would be less.

As it was a bull run in 2021, I had invested money in more coins like Doge, Stellar, Ripple, SHIB INU, Holo, WinkLink, ADA, and BTT, and trust me I earned enough money by trading these coins. Trust me I didn’t have prior knowledge about crypto, I was just purchasing coins and selling them for a higher price.

I purchased all the coins at the below pricing. If you look at the below pricing and current pricing there are lots of differences in pricing.

Coin NamePurchased At Price(In USD)
Bitcoin$33997
Doge$0.053
Stellar$0.32
SHIBA INU$0.0000099
ADA$0.33
BTT$0.13
Holo$0.0083
WinkLink$0.0025

Profit in Crypto Trading

I did profit in almost all the cryptocurrencies, the major profit I got by trading stellar, holo, doge, and SHIB. Below are a few withdrawal proofs.

my crypto trading journey

Learnings

I am doing crypto trading for the last two years, in this journey, I have learned a lot of new things about crypto. If you want to start crypto trading then keep these in mind.

  • Before investing in any crypto, try to read about coin history and its use cases. It will give you a brief idea of how this coin is useful in the real world and you will get an idea about its potential of it.
  • Don’t hurry while purchasing any crypto, check the fluctuations of pricing, and then purchase it at a low price.
  • If the crypto price is continuously going up within a short span then it’s a temporary price, don’t fall into this trap.
  • If you sell any coin and made enough profit then don’t hurry to buy it immediately.
  • Don’t be greedy.
  • Don’t sell any coins in loss, at least try to get what you have invested.

If you want to start crypto trading then you can start with India’s largest crypto app, Wazirx. You can use the below link so that I would get a commission once you register for it.

You can also use the Binance app which is the world’s biggest crypto exchange, but for beginners, it’s very complicated to use so I would recommend starting trading using Wazirx if you are Indian.

Final Words

Crypto trading has been a great learning experience for me. If you want to start crypto trading then you can start with the Wazirx app. It is a very simple app and easy to understand. Also, you should be very careful while doing any transactions, and try to avoid any offline transactions.

If you want to know more about this topic then you can email or comment on this post. Do share it with your friends.

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Amit Kharbade

Editor & Writer at ScrollBucks
Software engineer by profession and Blogger by passion. Amit has been contributing to ScrollBucks since 2014. He is writing about Blogging and his practical blogging experiences. You can connect with him at [email protected]

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