Goodbye 2017

posted in: blog | 0

For me personally, 2017 has unfortunately been more eventful than I would have liked.

I can easily say that 2017 may be the worst year of my life thus far: I lost a 2 week holiday, I thought my girlfriend was going to die, and more recently some family issues at home has unfortunately caused all manner of depression.

I was kind of hoping on 2017 to be a lucky year, almost all major events in my life revolve around the number 28, and so my 28th year on earth was to be no exception – it is a shame however that the major events were almost all bad ones.

 

For the more positive stuff, I attended the 2 weddings and i’m sure there will be many more in the next few years, I got closer to old friends, and strengthened bonds with new ones, I took a gamble on cryptocurrency and won, and added one new country to my visited list (Denmark).

 

As far as 2018 goes, my goals are:

  • Consider buying a house
  • Get some IT qualifications
  • Continue to hit the gym, attain a 6-pack
  • Win the lottery and retire

 

Mengs guide to trading cryptocurrency

posted in: blog | 0

Step 1 – Pay lots of money and Acquire Cryptocurrency

Step 2 – Watch the price drop

Step 3 – Cry and have anxiety for a while, watch other crypto’s rise in price while yours falls

Step 4 – Trade your crypto for another one

Step 5 – Watch your new crypto start to fall in price while your original begins to rise

Step 6 – Cry again

Step 7 – Come back in 6 months and realise how much money you could have had.

 

Real talk, I am not an expert on buying or selling cryptos AT ALL.
Infact, literally every single time I have bought or sold, I have made a massive mistake
Here are some times I traded, obviously nobody can time the market but If I hypothetically just waited like a week before making some of these decisions, I could have been up by £30k or more

 

January – Bought bitcoin at the peak, proceeded to watch it fall 30% over the next week

February – Bought Monero instead of more bitcoin

Summer – Traded bitcoin for Ethereum at it’s peak, Ethereum then dropped in price and bitcoin exploded in price.

Autumn – Traded Monero for Ethereum, Monero proceeds to explode in price whilst Ethereum doesn’t do a whole lot

December – Traded Ethereum for IOTA, Ethereum proceeds to increase by 50% over the next 3 days.

 

And so, my actual guide? Look into what the coins are, understand how they work, and then make an educated guess on whether it’ll take off or not. Buy some of your chosen coins and then hold on for dear life and be careful about trading or selling. Assume that any money you invest into crypto’s is going to be gone because mentally you’ll be better off that way. I’d also recommend trying not to check the price too much unless you are considering selling or buying more – keeping a close eye on how your bet is doing is a surefire way to just give yourself anxiety.

i’d also advise not doing what I did (on every occasion) and buying during an upward rush.
If the price is exploding, it’s going to come down soon, give it a few days and you’ll (probably) find yourself with better rates.

 

Good luck.