“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.“

– Warren Buffett

With all the hype surrounding cryptocurrency lately (especially Dogecoin) I think it’s time I tell my story about the best investment and worst decision I’ve ever made in my entire life. And I don’t mean that figuratively, I mean literally the BEST INVESTMENT💰 and WORST DECISION👎 I’ve ever made.

It was the Summer of 2018 and all the hype surrounding Bitcoin was dying down and cryptocurrency was entering a bear market. The Digital Asset (Bitcoin) Fell from it’s All time High near 20k back down to around 8k and was still falling. Everyone I worked with was talking about crypto and wanting to invest, but none of us really knew too much about it. A friend of mine was posting Meme’s on Instagram about this cryptocurrency called “Dogecoin”. I had never heard of it but thought that the dog was pretty cool and I love memes.

He swore this coin was going to be worth something one day and would do daily posts about it. Needless to say I didn’t think it would be worth anything because I had done some research and found out that it was created as a joke and the price definitely reflected that. I mean it wasn’t even worth .01¢ yet. He was very persistent in his posts and after a while made me want to get involved in this crazy new money. Call me crazy but I decided to buy $100 of this “Meme Coin” on Robinhood.

Fast forward to 2021 and that same doge that was purchased for $100, would have been worth $23,000 at it’s peak price of .73¢. Over a 20,000% Gain!! This was the best investment I have ever made in my entire life. So you got to be thinking, what’s the problem that’s an insane amount of money for such a small investment. READ THE TITLE 😩 This is a PAPER HANDS STORY. I left out the best part…

I sold it the same day. I figured I was in the crypto market for a few hours and saw the volatility and sold it. I didn’t even need the $100 that bad 😂 but I sold it and bought some stock with the money. I ended up purchasing 190 Doge a few days/weeks later as a “joke” and literally forgot about it. Until Elon Musk started Tweeting about it. And Mark Cuban started talking about accepting it. I was so upset that I had sold that $100 worth of Doge 3 years ago but it taught me a valuable lesson. Only invest what you are willing to lose. See I was looking at it the wrong way, I didn’t need the $100 but I wasn’t willing to lose it to a “Meme Coin”. It also taught me how something may seem small and insignificant but everything grows in time.

I still have that 190 Doge and will never sell it. I’m Hodl’n it for life as a lesson to have patience when it comes to investing (💎➕🙌) as well as anything else in my life. Things take time to grow, mature, develop and a small action today can be worth so much more in the future with time. Hopefully my story can inspire you to start something small today so that it can grow to something big for your future self.

P.S. NOT FINANCIAL ADVICE 😉