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I just bought another 120 coins of Stellar Lumens. This is on a day that my crptocurrency holdings have crashed to about half the value I bought them for. So consider that your advisory grain of salt if you’ve come here for financial advice.
Nonetheless I don’t think my decision is completely unhinged. In the past month alone the XLM coins have reached highs of 70 cents, nearly double the current 36 cent value. So it’s a relatively volatile coin, allowing advantages for day traders as well as the Hold On For Dear Life crowd, called HODL for those in the know.
I got into crypto late, around Feb this year. I dipped a toe in, so to speak, with a 15 dollar investment. As April rolled around I was about 800 dollars in, when Elon Musk did his thing and the I got my first experience with cryptocrash. I had at that point made about 200 dollars profit, and had taken 100 of that out of the market, harvesting some of my profits against the inevitable crash. But when the precipitous fall began I followed the prevailing advice, think long term, buy when it’s low. So I did. I poured another 100 dollars into a falling asset only to watch it fall further each day.
And then…it bounced back. Suddenly it was rallying every day. Elon Musk even had something nice to say about Bitcoin. The world was a shiny place…only today it’s dropped again…
