It seems like only a short time ago I was on the exchanges trading daily, hours a day, but it's been a couple years at least since I've consistently traded. I don't miss it as I find the entire thing of it to be quite annoying - and I have far better things to be doing with my life - although I made a lot of gains and increased my holdings by huge amounts at the time which isn't a bad thing. In those intervening years I've been focused elsewhere and considering that my crypto-currency portfolio is the smallest of all my investments I'm not overly concerned.
I've kept an eye on things and am apprised of the market shifts and trends and have sporadically hit the exchanges to make a trade or to buy outright however there's not been enough interest to keep there long and despite my portfolio being sizable its been more important to invest my time in other areas of my investment portfolio and in life itself.
Today was one of those sporadic days on which I decided to hit the exchanges and see what's up...as it turned out nothing was up, just down.
I suppose something might be up but none of what I hold is looking very good at the moment and despite a momentary thought of what the fucken fuckety fucking hell is fucking going on with the fucken markets I took it for what it is - I'm not selling anything so it doesn't really matter what the prices are. I made some purchases, it's always a good time when one's dollars buy more than they did previously, and moved on.
I sat a cafe, I'm still here actually, and did the exchange stuff and logged out soon after but residual thoughts stayed with me.
Crypto, otherwise known as magic internet money, is little more than a minor hobby to me; I know some people rely on it to augment their incomes in the present time and some look to future benefits and few have been set up for life because of it, but to me it's not all that important; this isn't because I'm financially wealthy although I'm certainly comfortable in that regard due to a lifetime of making the right financial decisions, multiple investments and hard work. If crypto-currency ceased to be from one second to the next it would not impact my financial position at all and it's that which I was thinking about...the fact that so many rely on it for income day to day. I wonder what may happen to those people should it all go belly up (die).
Take Hive for instance, a bunch of people scrambling for a few cents here and there to augment their every day lives.
What if it stopped? What did they do before Hive and could they go back to it? Are they making wise financial decisions and reinvesting or living from hand to mouth? Are they looking externally for opportunities or putting all their eggs in the Hive/crypto basket and hoping it never ends? Are they working hard in other areas towards their financial situation...or just hoping.
I've not spent any of my crypto-currency other than $100AUD some years ago to test that my crypto.com VISA card worked online, at an ATM and in-store - It did. I have vastly more than that though and I'm content to leave it where it is because I just don't need it, and it's a little enjoyable to trade now and then. I know many do use it in the moment though, all those folks powering down their rewards all the time, but I wonder if any of them are taking their 'free magic internet money' and reinvesting, diversifying and working ahead for their future - It's a massive opportunity to get some solid gains down the track in the real world.
For those that are not I think...what the fucken fuckety fucking hell?
Any thoughts? If you have please free to comment below. As always, I'll be rewarding comments with 'free magic internet money' and will respond of course.
Design and create your ideal life, tomorrow isn't promised - galenkp
[Original and AI free]
Image(s) in this post are my own
