What I Learned from Spending $1 on Crypto Every Night for 30 Days (Part 1)
For the past month, I’ve committed to buying $1 worth of cryptocurrency every night at 9:00 PM. My goal wasn’t to get rich, but to explore what consistent crypto investing could teach me about the market. By the end of this experiment, I had purchased 30 different cryptocurrencies. Here’s what I discovered along the way.
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Experiment: $1 per night, 30 coins
The plan was simple: buy $1 of a different cryptocurrency every night. I figured that spreading my investment across different coins would reduce risk while also giving me a hands-on course in cryptocurrency investing. It was a way to test things out without risking a large sum of money.
However, the trip was accompanied by several surprises.
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Lesson 1: Cryptocurrency prices are extremely unpredictable.
One of the first things I noticed was the extreme volatility in cryptocurrency prices.
Some nights I woke up to see that the coin I bought had increased by more than 10% in a few hours.
On other nights, the same coin could fall by the same percentage or more.
The huge price swings meant my portfolio felt like a roller coaster. Even though I bought 30 different coins, the collective behavior of the market often made everything move together, amplifying the ups and downs.
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Lesson 2: Diversification is not a perfect shield
I assumed that buying 30 different coins would spread my risk. Unfortunately, that wasn't always true.
When the overall market fell, almost all the coins in my portfolio followed the trend.
Even when a few coins performed well, their gains were often outweighed by broader losses.
This taught me that while diversification is a good strategy, it cannot completely protect you from the wild swings of the crypto market.
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Lesson 3: Timing matters more than you think
Sticking to a strict 9pm shopping schedule every night was convenient, but it wasn't always ideal.
The crypto market moves fast, and there have been nights when I bought at a peak only to see prices plummet shortly thereafter.
On the contrary, at night, when I caught the drop, the coin often recovered and gained in price.
This highlighted the importance of timing in cryptocurrency investing. A more informed buying strategy could yield better results.
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Lesson 4: The Value of Research
The surprise of this experiment was the opportunity to learn more about the coins I was buying.
Every night, I spent time reading about the coin’s purpose, its development team, and the problems it was trying to solve.
While some coins looked promising, others seemed speculative or lacked a clear use case.
This research has deepened my understanding of the crypto landscape and helped me think critically about long-term investments.
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Lesson 5: Managing emotions is important
I didn't expect how emotionally involved I would become.
Watching the value of the coin increase made me feel joy and hope.
On the other hand, seeing the coin fall immediately after purchase was disappointing.
This experience highlighted the importance of staying calm and avoiding impulsive decisions based on short-term price fluctuations. Emotional investing can be dangerous, especially in such a volatile market.
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What's next?
After 30 days, I have gained valuable knowledge about the world of cryptocurrencies. In Part Two, I will look at the specific coins I invested in and analyze how my portfolio performed.
At the moment, here are my main conclusions:
1. Cryptocurrency is extremely unpredictable.
2. Diversification can help, but it won't eliminate risk.
3. Timing plays a significant role in maximizing profits.
4. Research is important for identification
potential long-term winners.
5. Emotional discipline is vital for navigating market fluctuations.
Don't miss Part Two, where I'll dive deeper into the numbers and share my strategy for the future.