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Author: Admin | 2025-04-28
Of mining, trading, and writing about crypto, I've concluded the No. 1 lesson of crypto investing is patience.Crypto is notoriously volatile, but you can't let that push you into making rash and short-sighted decisions.In other words, patience pays.Several times, I've bought cryptocurrencies that I was convinced were strong investments but went through long periods of decline. Yet my research showed the projects were solid, so I hung on.In most cases, I was rewarded handsomely for doing so. THE CRYPTO SELLOFF comes at an interesting time. Huge banks are going all-in on crypto, which could send some little-known coins a lot higher, especially these... I first bought some Ethereum in August 2017 for about $277. That may have seemed a steep price given that you could get Ethereum for less than $1 in 2015, less than $10 in 2016, and less than $20 as late as March 2017.Of course, 2018 ushered in the "crypto winter."By December 2018, ETH had sunk below $100 and my investment was down 67%. But I didn't sell - I hung in there with "diamond hands." I never seriously considered selling at any point along the way.My patience certainly paid off here. Now Ethereum is trading at about $2,300, putting me up 730%. In fact, I was up more than twice that when ETH peaked last fall - 1,665%.As Ethereum is the backbone for much decentralized finance - "DeFi" - technology, which is why I believe it will not only recapture those highs, but keep powering higher.Even in the current crypto slump, I have no plans whatsoever to sell. Believe me: More patience will yield more profits.I had a similar experience with Cardano (ADA), having bought initially in February 2018. At one point, I was down more than 90%. But I held on, and now I'm up
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