Crypto Investment Chronicles: Lessons from My Best Trades

Today, I want to share my personal experiences with three of my most successful crypto trades. I’ll also touch on the strategies I used and the lessons I learned along the way. These are my best returns—and I’ll be the first to admit that not every trade works out as well.

Trade #2: Bitcoin (BTC)

• Date Purchased: February 12, 2024

• Buy Price: 191,770.11 PLN
  

• Date Sold: March 5, 2024

• Sell Price: 265,958.69 PLN

Return: Approximately 38.69%

Bitcoin has always been a staple in my portfolio due to its dominance in the crypto market. This trade wasn’t about speculation but rather a calculated short-term strategy to capitalize on market trends. By closely observing BTC’s price movement I managed to secure a solid return in 22 days.

Strategy Used: Short-term trading or “swing trading.” This approach involves identifying short-term trends and exiting before the market reverses.

Lesson Learned: Even with established assets like Bitcoin, opportunities for significant short-term gains exist. Research and market analysis are key.

Trade #3: Dogecoin (DOGE)

• Date Purchased: February 11, 2024

• Buy Price: 0.33277 PLN
  

• Date Sold: March 4, 2024

• Sell Price: 0.70839 PLN

Return: Approximately 112.88%

DOGE is another "meme coin" with a history of wild price swings. I entered this trade after observing increased social media buzz and market activity. The timing of my exit coincided with a peak in hype, allowing me to more than double my initial investment.

Lesson Learned: Sentiment-driven assets require constant monitoring. It’s vital to have a clear exit strategy to lock in profits before the market turns.

Key Takeaways:

1. Be Humble: Not all trades will be as successful as these examples. Success in crypto investing often requires learning from failures as much as wins.
   

2. Timing is Everything: Entering and exiting the market at the right time can make a significant difference in returns. This often requires diligent research and quick decision-making.
   

3. Diversify: Each of these trades involved different assets with unique characteristics. Diversification helps mitigate risk.
   

4. Stay Informed: There's so much noise out there, people shilling, scamming and over-using the "signal" word... I might be naive but W(A)GMI is a real dream of mine (have you seen our Manifesto?). And, at least for those using the Investment Oracle, I'd like you to be able to, thoughtfully and consciously, invest and make some real returns (while acknowledging the risks!).

Closing Thoughts

These trades represent the highs of my crypto investment journey. While the returns were impressive, they came with risks and lessons learned along the way. By sharing my experiences openly, I hope to inspire others to approach crypto investing with both ambition and caution. Always remember: invest wisely, and never risk more than you’re willing to lose. And, above all -- it's all for informational purposes and NOT AN INVESTMENT ADVICE.

Do you have a crypto investment story to share? Let’s discuss on X or TG.

Trade #1: Shiba Inu (SHIB)

• Date Purchased: February 12, 2024

• Buy Price: 0.00003844 PLN
  

• Date Sold: March 5, 2024

• Sell Price: 0.00013574 PLN

Return: Approximately 253%

When I bought SHIB, I was well aware of its reputation as a "meme coin." Yet, I saw its volatility as an opportunity to capitalize on short-term price movements. Timing played a critical role in this trade—entering during a period of low interest and exiting during a wave of hype. While the return was phenomenal, trades like this require meticulous attention to market trends and are not without significant risk.

Lesson Learned: High risk can lead to high reward, but only invest what you’re prepared to lose entirely. They say "You can't time the market" -- I'd say "Impossible is nothing" yet would agree with them it's VERY difficult and requires plenty of luck.