First and foremost, the current value of my Nano is less than the price I paid for it. My Nano position is -38.43% as of writing, and I don’t foresee that changing drastically, in the next 6 months.
To clarify, I don’t own much, but it’s honest work.
Just over a month ago, I had a little leverage, and a hell of a lot of ignorance when I decided to become a crypto holder, and that caused me to take on risk. Technically speaking, this is why I became deep in Nano, but not the reason I’m still here.
I really believe people shift markets, rather than ideas, and I saw a lot of people interested in Nano. On reddit & twitter, the Nano community has become a meme, and that was the hook & bait.
However, the more I started to understand about the crypto market, the more I was fighting my desire to shift my position from Nano to other projects, so while Nano’s value crept lower, opportunities to move to other crypto projects dwindled.
Currently, Nano is being outperformed by every other crypto asset I’m interested in holding a position in, so if I did change my position, I’d be losing money, and that should not happen.
If you’re wondering what Nano is, it’s a digital payment protocol designed to be accessible and lightweight, with a focus on removing inefficiencies present in other cryptocurrencies. With ultrafast transactions and zero fees on a secure, green and decentralized network, this makes Nano ideal for everyday transactions.
It’s part of the crypto ‘sphere’, along with Bitcoin, Ethereum, et al
On that note, I still want to explain why I’m glad I’m deep in Nano, and that that reason, is Colin LeMahieu. Colin is the founder of The Nano Foundation, a software engineer, and an inventor.
The Nano Foundation consists of highly motivated and skilled individuals of various disciplines who are responsible for working towards the continued development and growth of Nano.
So one day I asked myself, do I like, trust and admire Colin LeMahieu? And the answer was yes, I think I do, and that was as much a reason to continue my investment as any.
Even though all I did was buy some Nano coins from an exchange, and I hadn’t met the guy, the way the Nano Foundation and Colin handle the network and Nano’s public image, will impact my investment, so we’re technically in business.
TLDR: My risk taking, stubbornness and admiration of a software engineer’s ego, has gotten me to HODL Nano