At first, I started thinking about spot trading. I was at an age where some maturity was kicking in, so instead of rushing, I continued my research and kept listening to videos on YouTube.
Different people had different things to say: someone would claim that buying a certain coin would make you rich next month, while another would suggest buying a coin for ten dollars that would turn into a hundred dollars ten days later.
Despite the maturity in my nature, I got tempted and bought some altcoins after watching those videos, deciding to hold them. This must have been about three years ago—perhaps the 2021 bull run had already passed, newcomers had entered the market. I stepped into this space around those same days too.
To give a hint to easily relate: when the Arbitrum coin was at $1, I bought it after hearing that it would reach $3 in a few days. During those days, I started buying a few more coins purely based on hearsay.
I also bought some Bitcoin at that time when it was at $68,000, and as soon as it hit $77,000, I sold it out of fear that it might drop. However, it kept going up and likely touched around $126,000.
By that time, I had become even more mature and was also joining airdrops simultaneously. In between, I joined the trend of Telegram airdrops, but they didn't yield any significant profits, though they did provide some pocket money.
Testnet airdrops and similar projects benefit those who have a large community and can sell their referrals, because referral points exist everywhere.
To cut a long story short, all the altcoins I bought during this period fell below my purchase price. However, one thing I learned from this experience is that all the analyses, influencers, and experts sitting on social media and YouTube are just talking nonsense;
no one has complete knowledge of how the market will react.
What actually works in the market is something we will share in the next part...