My sole objective when I made a serious commitment to cryptocurrency in January 2023 was to educate myself on the subject to recoup the $7,500 (Dh27,546) I had lost from previous investments. Those losses, like so many others in my life, were from a variety of poor decisions, including purchasing projects without knowing their goal, selling low, buying high, and being ignorant of how markets operated.
Having made several financial errors over the years, I must confess that the prospect of generating significant gains rapidly during “alt season” also piqued my interest. I participated in online classes on investing and cryptocurrency, joined a few groups, and began purchasing Bitcoin and other currencies that I had previously held and sold after previous crashes.
In the last 18 months, a lot has happened: cryptocurrency is gaining traction, several legal restrictions are being removed, and, of course, the very organisations that formerly deemed it hazardous are now embracing it on a large scale.
As of this writing, Ethereum is moving, Bitcoin is testing new all-time highs, there is a widely recognized supply shock for Bitcoin, and long-running legal disputes, such as the Ripple lawsuit with the US Securities and Exchange Commission, are finally coming to an end.
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