I started getting into cryptocurrency in 2016 when Bitcoin was worth about $650. I collected some Bitcoin from different sources, and after a month, I had 0.03 BTC in my Coinbase wallet, but by then, Bitcoin's value had dropped to under $600. It was August 2016, if I remember correctly. At that time, many people were predicting that the price of Bitcoin would fall, and lots of people were selling their Bitcoin. I was disappointed because the value of my hard-earned Bitcoin had dropped by $80 in just a few months. So, I tried to find a way to recover my loss. I decided to invest all my 0.03 BTC into a High Yield Investment Platform (HYIP), hoping to make some profit. Unfortunately, within a month, the website disappeared along with my $BTC . I had about $10 worth of Bitcoin left in my wallet, which I used to top up my mobile balance out of frustration.
Cryptocurrency has made some people a lot of money, but it has also caused others to lose their life savings. So, it's important to be careful and think carefully before investing all your money in something. Start with small investments and take profits when you can. It's a good idea to invest only spare money at first to see how it goes before investing larger amounts.
That's how I got started in the world of cryptocurrency. I'm sure many other people who use platforms like Binance and Square have similar stories. I'd love to hear yours! You can share your story using #MyCryptoJourney or mention me in your post, and I'll definitely check it out.