In the highs of feeling just like a total genius towards the lows of downward cost movements, crypto investing has had Dubai-based trader JC Enriquez on the ride ride.
Within an interview with Cointelegraph, Enriquez shared his crypto buying and selling journey, beginning from his first encounter with digital assets. Based on the trader, everything began whenever a friend requested him about his plans for future years. After discussing his desires the long run, the friend told him when he desired to make individuals plans become a reality, he “better study cryptocurrency, buy some and hold it.”
Hyped by the bull market in 2021, Enriquez finally made the decision enter into and begin buying and selling. However, his first crypto rodeo was under fruitful. He told Cointelegraph he invested 1000s of dollars in a single project after which it visited zero in a short time. He described that:
“After a couple of days, I had been surprised. Their network got irritated after which gradually, they stopped doing developments within their project. Next, it permanently closed.”
When requested how he felt, Enriquez shared the loss was devastating because it was money he and the partner was saving for emergencies. However, believing that he can gain it back rapidly, Enriquez convinced his partner to allow him go ahead and take risk. He stated that:
“When I purchased it first I felt like I had been a genius since i supported the work. So when the work went irritated and all of a sudden stopped everything, for me personally, it had been such as the finish around the globe.”
Regardless of the outcomes of his try, the trader didn’t give up hope in blockchain and crypto. “I see it as an event to ensure that the next time around, I’ll be more careful, more vigilant in buying and selling,” he stated.
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Based on Enriquez, he still believes in crypto due to developments in Bitcoin (BTC) adoption like fashion brands and airlines accepting BTC. As well as that, he’s belief on crypto’s natural features like allowing simpler mix-border payments. Despite his initial losses, Enriquez still believes that crypto brings him more profit later on. He pointed out that:
“I still have confidence in an aspiration that cryptocurrency can give me more profit within the a long time and can assist me to build my dreams later on.”
Gaining knowledge from his experience, the trader also shared he presently has a new strategy for buying and selling crypto. He stated he learned strategies like dollar-cost averaging and it has been understanding how to read graphs and indicators. Also, he shared he now does extensive research before investing into crypto tokens.
