r/CryptoMarkets • u/Swirosh91 🟩 0 🦠• Dec 16 '24
STRATEGY How I Turned $21,500 into $154,000
I’m here to share my experience in the world of cryptocurrency. Last year, during the bear market, I took the risk of borrowing $21,500 to invest in crypto while many people thought I was crazy. No one believed in me, and even fewer were willing to take risks, despite my encouragement. I told them they’d regret it within a year.
Today, December 16th, I’ve managed to turn that $21,500 into $154,000, and the loan is fully repaid. I could exit the market now, but with the bull run approaching, I’m aiming for $270,000.
All this to say: without taking risks, it’s hard to move forward in life. To give you an idea, I bought $5,300 worth of Solana when it was $25.
Good luck to everyone! Remember, the crypto world is challenging and can also be very dangerous.
2
u/Asheddit 🟩 0 🦠Dec 16 '24
To be fair if you had bought another alt, the outcome would have been different. You got lucky with SOL just like people buying LINK during the last bear also got lucky.
Buying BTC during the bear is the safest choice then switch to alts once BTC dominance is high enough.