From Backpacker to Crypto Trader: One Digital Nomad's Journey to Financial Freedom
My name is Johann and I'm a digital nomad. I've always been that person who doesn't like to stay in one place for too long—I've traveled extensively around the world, and I love meeting new people and cultures. But sometimes it can get lonely being so far away from home, so you have to find ways to keep yourself occupied while making money at the same time; hence my interest in cryptocurrency.
I'm a digital nomad and cryptocurrency trader. I've been traveling the world since October 2014, mostly working online and trading cryptocurrencies since late 2017.
I started my journey as a backpacker, traveling on a shoestring budget with no plan or destination in mind. After two years of backpacking around South America, Europe and Asia I decided to settle down in Thailand where I met my girlfriend (now wife).
She was working as an English teacher at the time so we decided to start our own business together: teaching English online through Skype lessons or phone calls from anywhere in the world! We worked from home for about three years before moving abroad again - this time to Japan where we could both teach better paying jobs for longer hours during daytime hours only which meant less stress overall (no night shifts!).
In the past, I've made a lot of money trading stocks, precious metals, forex and other assets. Over time, though, I learned that trading these markets was not very fulfilling for me. So in early 2017, I started looking into options for new markets to trade in.
I've been a trader since I was in high school, so it's no surprise that I've made a lot of money trading stocks, precious metals, forex and other assets. Over time, though, I learned that trading these markets was not very fulfilling for me. So in early 2017, I started looking into options for new markets to trade in.
One day while reading an article on blockchain technology (the underlying technology behind Bitcoin), something clicked: this could be the next big thing! So began my journey towards becoming a full-time crypto trader...
That's when I discovered cryptocurrencies and blockchain technology. While it wasn't easy at first -- there was a steep learning curve -- over time it became clear that this was the future of money.
Blockchain technology is the digital ledger that records every transaction made on a cryptocurrency network, and it's what makes these transactions secure.
Cryptocurrencies are digital currencies that can be used to store value or make payments online. They're decentralized, meaning they don't rely on any bank or government for their value -- instead, they're backed by math algorithms that create more coins as needed and keep track of who owns them at any given time (and where those coins are going).
Combining these two things means you can send money anywhere in the world without having to trust anyone but yourself! It also means there's no single entity controlling all of your money; instead everyone who uses blockchain technology has access to all accounts' private keys (which means no hackers can get into them). This makes cryptocurrencies much safer than regular cash because no one can steal from you unless they get hold of both your wallet password AND physical possession of whatever device(s) hold onto said key(s).
A few months later (October 2017), I decided to try my hand at cryptocurrency trading. One of my first trades was with Ethereum (ETH) at around $250 per coin; within a week it went up to $300 per coin and then crashed back down again to $225 or so.
In October 2017, I decided to try my hand at cryptocurrency trading. One of my first trades was with Ethereum (ETH) at around $250 per coin; within a week it went up to $300 per coin and then crashed back down again to $225 or so.
I thought this was great! I had doubled my investment in just over a week! Only later did I realize that most people who trade cryptocurrency do so because they want to make money quickly--and that's not why we're here!
The goal is not necessarily buying low and selling high; it's more about buying when the market is going down and selling when it goes up.* The best way to do this is by using technical analysis tools like charts or indicators like moving averages and MACD signals, but these require experience before they become useful tools for predicting price trends.*
That was when I knew that this wasn't a market like any other---it was volatile! But instead of freaking out about those swings, I took advantage of them by buying more ETH every time it went down and letting it ride upwards until it stabilized again.
The market is volatile, but it's not like any other market. The cryptocurrency market is unpredictable and highly speculative; it's a casino with no rules or regulations. It's a game of chance, but also one of skill--and if you know how to play it right, there are some serious payoffs to be made!
If you want to get into the world of crypto trading yourself, then I have some advice for you: don't invest more than what you can afford (or lose) in one go; don't put all your eggs in one basket; keep learning as much as possible about this new industry so that when opportunities arise again we'll be ready for them; always keep an eye out for news related specifically toward cryptocurrencies because these announcements could cause major shifts within our portfolios without warning us beforehand (like when governments start banning certain coins from their country).
That was when I knew that this wasn't a market like any other---it was volatile! But instead of freaking out about those swings, I took advantage of them by buying more ETH every time it went down and letting it ride upwards until it stabilized again.