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How I Earned 800% Profit On My First Cryptocurrency Investment
When I first purchased my first cryptocurrency, I was given recommendations and suggestions by all the ‘experts’ around me. Some asked me to invest in the cheapest coin as they might make me a millionare one day, while the others suggested that I should opt for the well-known and reputed coins like bitcoin and Ethereum — as that was the safest option. Guess what I went for? The one that was more likely to make me a millionaire, lol. So I invested my first $100 in crypto by dividing it among the cheapest coins I could find at that time. One of which was Unifi Protocol DAO.
2 Days went by, but there was no change in the net amount. I would lose $10 one day, but the next, I would cover it up — but the total amount remained $100. By the third day, I had gotten bored and didn't bother checking my Binance account the entire day. Little did I know what I was about to witness in a few hours.
I had invested approximately $10 in UNFI, but by the time I opened my app next, I saw a huge green rising peak. I witnessed the $10 go to $20, then $30, then $40…then $50… then $100… then $200… then $300. Just as it hit $400, I opened Twitter, and it was exploding. People all over were freaking out, expecting this to be a pump and dumb. I knew I couldn't take the risk and decided to withdraw as soon as possible. However, by the time I was typing in the amount, the dump had already started. I earned $300 after a $10 investment in 3 days.
That was my first experience with Cryptocurrency. And I am scared to invest more as I already know nothing THAT exciting might happen to me in the future.