Update on my crypto holdings from the first 5 days of my crypto challenge. Here’s what I learned.

Day 05 of my journey of taking $3,000 to $30,000,000 in crypto.

Currently, my 5-day crypto holdings for this challenge saw my portfolio net positive (roughly) 17%, while during the same period, the S&P 500 index fund was up +0.37%.

Here’s what I learned this week:

• I have to be careful who I choose as the “experts” I follow.
• When working with relatively small sums of crypto transfers, ETH is not my friend. Sometimes, the gas fees reduced what I wanted to send to almost a negative amount (e.g., send $2 worth of SUSHI, while the ETH gas fees were $14).
• Losing money learning is painful — but the pain is directly leading to knowledge that should compound.
• Solana (SOL) is my favorite platform (low transaction fees and fast network).
• Polka Dot (DOT) is popular with gaming companies and projects.

I know crypto doesn’t sleep; unfortunately, I do.

Enjoy your weekend, everyone :)

Source: https://medium.com/@remotedave/update-on-my-crypto-holdings-from-the-first-5-days-of-my-crypto-challenge-heres-what-i-learned-9fb8e4621292?source=rss——cryptocurrency-5