I'm an absolutely average person with a tiny portfolio - what could I possibly contribute on Binace? The answer is: I had the goal of entering the crypto market completely without any personal investment, i.e. with zero money invested, and developing a long-term investment strategy. How did I do that?
Well, the story begins in 2009 when a computer nerd and friend of mine, let's call him Tim, told me about a small event where one of his work colleagues had been given a kind of USB stick with something called Bitcoin. I didn't know much about computers or the internet myself at the time and laughed it off. Around 2014/2015, my jaw naturally dropped when I realized what an increase in value this so-called Bitcoin had experienced. I began to take a closer look at the digital world and digital currencies for the first time. And I realized that the crypto business is actually like all stock exchanges: you first have to invest something in order to make a profit.
Unfortunately, I have nothing to invest. My family comes from the former GDR, where virtually nobody had any capital, let alone any financial knowledge. So I spent several years learning the ropes from scratch. In addition, I work in a completely different field, namely the humanities,and, as we all know, there's not much capital to be made (although we deserve it! 😉).
So what to do? First, I worked on a financial strategy with what I had at my disposal. Not much. Accordingly, my financial strategy so far has been quite conservative, i.e. investments and deposits via banks and, if I'm lucky, a small pension later on.
However, the more I researched the crypto market and the deeper I delved into the matter, the more I realized that decentralized financial systems, DAOs etc. are not a dream of the future, but have already been firmly established for several years and could mean so many more opportunities for individuals and participation in our global financial system. Something that not only has enormous added value, but can also change our society.
I observed the development of various crypto exchanges, new tokens, everything, watched as cybercrime increased, exchanges went bust and investors lost everything. So on the one hand, it was a market that was highly promising and future-oriented, but on the other hand it also involved high risks. So it was not for anyone who had little to invest and could not afford to lose that little.
The only way for me to invest was not to invest my own money. But I didn't want to borrow money either - because if it went wrong, I could never pay it back.
I often thought about airdrops, token gifts when launching a new exchange or a new token....all too volatile, all not sustainable enough to really have a basis to invest.
And then came Worldcoin #WLD. By the way, I'm not sponsored or anything!
It was different to anything that had gone before. I liked the whitepaper, the hardware was developed in Germany, the payout system was designed for the long term, the security system of the iris scan with zero-knowledge proof convinced me (yes, the German authorities still see things differently. Maybe in a few years I'll realize that I was wrong ...) And in August 2023 I did it, I stepped in front of the Orb and, after years of learning and observing, my crypto journey began.
The worst thing that could have happened to me was that the coin would have no value and my journey would end very quickly. So it was a manageable risk. But it didn't turn out that way. The coin increased in value. The regular payouts did the rest.
I was now able to implement my strategy, which looks like this:
1. security: if the equivalent value of #WLD more than doubles the cost of a hardware wallet for a longer period of time, I would get one. That was the case in December 2023, and I got myself a Ledger.
2. investing part of my altcoin #WLD in #BTC via a trading exchange: I tried Coinbase and Binance as reliable and long-standing providers. In the end, I ended up here because of the user-friendliness, speed and low-cost transactions. My portfolio currently only includes #BTC and #WLD in a ratio of about 80 to 20.
3. Cheer three times: on New Year's Day 2024, I was absolutely happy that I could already invest in #BTC before the upcoming halving!
4. Long-term investment, buy and hold: even if new #WLDs come in every two weeks, the share is limited to a maximum of 120 coins. And I don't want to/can't invest any of my own money. With this small amount, you can only build up a small fortune in the long term, even with extreme growth in value. So the plan is to get a bigger piece of the pie aka BTC through the earn function with reinvestment of the shares. This will probably only be noticeable after a few years, but it seems to me to be the least risky method at the moment. If my possibilities allow, I would also like to diversify my portfolio further in the future, but only if a coin convinces me.
5. If I ever build up significant crypto assets in any form, I will send large parts of them to the hardware wallet. It will either benefit my retirement or I'll pass it on to my son, who will hopefully know what to do with it ;)
This is the longest post I've ever written anywhere 🤣 If you've made it this far: Congratulations and welcome to the real life! I invite you to join me on my crypto journey and am grateful for any tips and tricks! I still have a lot to learn I think.
I'll update you on my journey from time to time, I'm excited to see where it takes me!
Enjoy your evening everyone 👋
