In the past 30 days, I conducted a bold experiment: every night, I spent exactly $1 to invest in cryptocurrency. It seemed like a small step, but this journey took me through unforgettable emotional highs and lows. Here’s what I learned after 30 consecutive nights of buying crypto.

1. The Truth About Diversifying Investments

At first, I thought that allocating $1 every day into 30 different cryptocurrencies would help mitigate risk. Sounds reasonable, right? But reality proved the opposite.

Why?

  • Not all coins are the same: Some are quite stable, while others fluctuate uncontrollably.

  • Negative impact of too many choices: Every time I added a new coin, my portfolio did not grow steadily but rather fluctuated more, making it hard to track and adjust.

👉 Lesson: Too much diversification is not necessarily a safety net, especially when investing in small, less promising coins.

2. Volatility - An Unpredictable Friend (or Foe)

Even when investing just $1 every night, I could not escape the horrific volatility of the cryptocurrency market.

  • Some coins remain almost stagnant: Prices only slightly increase or decrease.

  • Other coins are constantly ‘dancing’: One night they surge 20%, the next night they drop sharply by 30%.

Consequences:

  • Uncontrollable emotions: Every time I saw the price rise, I was as happy as if I had won the lottery. But then the next drop made me feel like I had just thrown money out the window.

👉 Lesson: Investing in crypto means you must be mentally prepared to face extreme fluctuations.

3. Quality Over Quantity

After 30 days, I realized that randomly choosing coins is not a good strategy.

Core issue:

  • Not all coins have growth potential.

  • Some coins are ‘pumped’ by small communities, and when they leave, the prices crash uncontrollably.

Solutions:

  • Do thorough research before investing.

  • Focus on coins with solid fundamentals and practical applications.

👉 Lesson: Sometimes, just a few quality coins are enough to build an effective portfolio.

4. The Feeling of Being on the ‘Roller Coaster’ of Crypto 🎢

From excitement and thrill to disappointment and confusion—that’s what I went through in 30 days.

  • At the peak: When prices rise, I feel like I have discovered a treasure.

  • Bottom line: When prices fell, I realized I had never fully understood this market.

Conclusion:

The crypto market is not for the faint-hearted. You need a clear strategy and a strong mindset before entering the ‘game’.

In Summary

The 30-day journey with $1 each night taught me valuable lessons:

  1. Over-diversification can increase risk.

  2. Volatility is an unavoidable factor.

  3. Invest in quality, not quantity.

  4. Be ready to face the strong emotions that the market brings.

🚨 Final advice:

If you want to enter the crypto market, be well prepared. Investing requires not just money but also knowledge, patience, and a long-term strategy.

DYOR! #Write2Win #Write&Earn $BTC