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Cryptocurrency Investing

I Bought Some Crypto!

I’m definitely more of an old-school guy. I’ve only been on Instagram for a few years and I really only started watching YouTube videos consistently because of the pandemic! Back when I was younger, Exchange-traded funds (ETF’s) were the new thing – now, of course, everyone invests in them. For the past few years, I’ve read about Bitcoin and Alt-coins and have been very curious (but nervous) about dipping my feet in the crypto-pond.

BETTER LATE THAN NEVER

Finally, a few months ago, I took the plunge and bought some!

I know I am late to the game but specifically, I bought some ADA (Cardano) and Ethereum. Not much, mind you, but enough to ensure that I watch the news closely and that the news actually means something and hits home.

Reading about something and owning something are two entirely different things. Until you actually own a piece of an investment, you won’t learn about it. I am all about taking action and I felt the only to learn about crypto was by doing (and owning) and here I am!

I purchased some of my coins on Blockchain.com and Binance.com. I’ve also slowly started learning about the types of wallets (web, software, hardware, etc.) but obviously, still have much to learn.

WHAT DOES THE FUTURE HOLD?

I have a strong feeling about Bitcoin and some of these other coins – I have a suspicion they are here stay. I know the pandemic may have artificially increased their values somewhat, but based on my experience, I think there is something more going on here. There are going to be plenty of Dogecoin situations, but if a coin is useful in business and commerce, then it may stick around.

Do you own any crypto? What do you think it will do in the next few years? (And … is Dogecoin done?)

I will keep you posted on my thoughts in the coming months.