Our readers shared their experiences and told us what were their best and worst crypto investments in 2021. Do you agree with any of the above?
Undoubtedly, 2021 brought many interesting moments for all those who operate in the market an area or arena, online or offline, in which commercial dealings are conducted. of the main cryptocurrencies. On the one hand there were projects and assets that managed to revalue significantly generating interesting dividends for all those who gave their vote of confidence, while others did not get such good results and ended up generating losses for those who decided to inject capital in the hope of multiplying it.
Although many already know what has happened in terms of prices with the main digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies thanks to the analysis and reports published, in this opportunity the team from DiarioBitcoin wanted to know what the readers’ investment experience was, inviting them to share with the editorial staff which currencies or projects gave them the best results at the end of 2021, as well as those that did not yield good results.
Here’s a brief summary of what our readers had to say
Readers’ best investments in 2021
Through our official Facebook account an account is essentially a whose purpose is to track the financial activities of a specific asset/ we asked our readers the following questions :
And these were some of the responses:
Solana(SOL) / Polygon (MATIC) / Avalanche (AVAX)
Tanto Solana como Polygon stood out especially during the last few months of 2021, precisely because they reached new all-time highs and rose sharply in value over the past year.
These projects operate networks Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. which offer an answer to the problems of scalability and high transaction costs, attracting many initiatives interested in taking advantage of these benefits for their use cases, thus significantly increasing the value of their tokens in the main markets.
Token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. the Crypto.com (CRO)
Something similar to the above happened with Crypto.com, as its token reached new highs at the end of 2021.
In this case, the attractiveness of the token was particularly noteworthy. CRO and the products/services offered by the exchange, which launched an aggressive marketing campaign during the second half of last year, even taking over the rights to the stadium. Staples Center in Los Angeles, which now goes by the name of Crypto.com Arena.
Shiba Inu (SHIB)
One of the most controversial memecoins in the ecosystem over the course of 2021 was Shiba Inu (SHIB), token inspired by Dogecoin described by many as “the people’s currency”. because of its low unit cost.
Amidst the commercial hype it generated and the support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. from major international exchanges, SHIB was a token that had particularly good times in which it was revalued by more than 1,000%, deriving significant gains gains refer to an increase in value or profit. for those who knew how to take advantage of the opportunity.
Coins of the metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users.
A theme that gained a lot of traction at the end of 2021 was the concept of the Metaverse, a completely digital reality whose concept gained a lot of momentum after the advent of the NFT, as well as after the announcement of Facebook to build its own digital universe in which it would integrate its products and services.
In that order of ideas, currencies such as The Sandbox (SAND), Decentraland (MANA) y Kusama (KSM) experienced remarkable growth in recent months, yielding good gains for long-time users.
Token theAxie Infinity (AXS)
And lastly, a token that was mentioned repeatedly was to AXS, the people’s governance in the world of cryptocurrencies, governance is defined as the people or organizations that have decision-making powers regarding the project. tokenAxie Infinity, which also reached new highs and gained a lot of traction at the height of the game’s boom times.Play-to-Earn.
Unlike Smooth Love Potion (SLP), AXS is a governance token used for certain activities, including the raising of new Axies for the game in question.
Readers’ worst investments in 2021
On the other hand, we also take advantage of the space and we asked the readers of DiarioBitcoin esto :
And these were some of the responses:
One token widely cited among those who didn’t have the desired results was the network’s native cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. of Cardano (ADA), which approached USD $3 per unit and subsequently went down, reaching lows near USD $1.2 in recent times.
Although long-term expectations with ADA y Cardano are still in force, many highlight the poor performance of the token in recent times.
Tokens Play-to-Earn (PvU / SLP)
Although the P games lay-to-Ear n gained a lot of traction in 2021, cases such as PvU de Plants vs Undead y SLP deAxie Infinity derived losses among its users, since the quotation of both tokens in the main markets has not had the expected results.
In this case it is a bit a bit is a basic unit of information in computing. more delicate because the users of these tokens get them as a reward for playing, so in addition to the fall in its price there is also the feeling of wasted time among those who did not capitalize on the expected results.
Shiba Inu (SHIB)
Previously cited as one of the best investments, there were also users who referred to SHIB as a currency currency is a medium of exchange that defines value. that did not generate good dividends, having a completely opposite experience to those who recorded gains.
And finally there are those people who quoted certain companies and investment proposals that offered very good returns and ended up scamming the victims.
Among the cases mentioned were platforms such as Arbistar, Gameas and even AirBitClub.
There were also people who fell victim to tokens associated with scams, as is the specific case of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. Vault (BTCV).
After reading the comments from users, both those who highlighted their best investments and those that were unsuccessful, there are some important lessons to be learned from most of the shared experiences, which we summarize below.
The first thing to do is research
Despite the fact that the digital currency ecosystem has been around for more than 10 years, there are still people who want to invest in both traditional cryptocurrencies and “promising” projects without having a basic understanding of how these assets work.
This is especially worrisome even today, because the first rule in both traditional markets and in this sector is that “you shouldn’t invest investing is when you put money in a financial scheme with the intent of making a gain. in something you don’t understand”. . Ignoring this principle is a guarantee of very bad results, since whoever ignores the operational aspects and the functioning of the markets is prone to make serious mistakes that would lead to the loss of the investment made.
Therefore, today as always, we stress the importance of taking the time to understand at least the basic issues associated with digital currencies, as this will prevent us from falling victim to misleading offers and/or missing out on opportunities due to ignorance about these issues.
Only use capital you are willing to lose
Among our readers there were cases where poor performance led to losses of large amounts of capital, which in some cases came from loans, debts or sale of goods/real estate. These comments point to a violation of one of the main investment rules, which warns that “you should only use money you are willing to lose”.
This money to be invested is referred to as the “venture capital capital is most commonly defined as the large sum of money you would use to invest. “ It is always recommended that it is an amount that is not going to be needed in the short a trading technique in which a trader borrows an asset in order to sell it, with the expectation that the price will continue to decline. In the event that the price does decline, the short seller will then buy the asset at this lower price in order to return it to the lender of the asset, making the difference in profit. or medium term and that its loss does not cause inconveniences for the investor in question.
We understand that no one plans to invest capital to lose it, but in these cases it is better to be prepared and not take for granted the success of a commercial move until the respective profits are capitalized.
Time to enter and exit
You probably noticed that some of the experiences for both good and bad involved the same currency, whether it was a very reputable one or a lesser known one. The difference in outcomes could be very different for the people involved, depending mainly on when they entered or exited that market.
Take for example the case of Shiba Inu which had two particularly good moments throughout 2021. Surely those who entered during the lows and exited when their profit was greatly multiplied are the ones who have good experiences to share. But on the other hand, there were people who chose to buy at the highs and saw the value of the token plummet in the days to come.
Here the lesson is clear, and is that you have to identify the best time to enter and exit, this taking as a reference the same behavior of the currency of interest in recent days / weeks / months. Although no one knows for sure what will happen in the future, history is usually a good reference to analyze the possible evolution of an asset.
Don’t Let Your Guard Down with Scams
And finally, there were unfortunately people who fell victim to cryptocurrency scams throughout 2021, especially in cloud cloud servers are typically located throughout different data centers all over the world. mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. offers, investment programs with very attractive returns and/or cryptocurrencies with very bad reputations.
Remember that once digital currencies and/or capital is out of your pocket, it unfortunately no longer belongs to you. Therefore, do not rely on third parties offering to broker good profits for you and walk away when you see offers that seem too good to be true.
We thank our readers for sharing their experiences.
Article by Angel Di Matteo / DiarioBitcoin
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