crypto currency

[QuarterMillionMan]

Coinbase's weekly drawing this week is $50,000 in USDC and 20 winners gets 1 Solana about $167 value. I always opt in and make small trades just to be eligible for these drawings and hope to get lucky maybe one day.

[QuarterMillionMan]

People see cryptos as a speculative asset similar to gambling. Legacy banks are quietly adopting blockchain technology due to its public ledger which anyone can follow and the old archaic SWIFT system which is slow & expensive. In the past I thought cryptos won't replace SWIFT but as I continue to do my research now I believe cryptos will replace SWIFT. You can bury your head in the sand all you want. I choose to embrace it and will continue to stack cryptos.

[ua_guy]

I think there is a difference between burying heads in sand, and choosing to invest in a highly volatile currency. It doesn't fit the risk profile for my goals. Burying a head in the sand is refusing to learn anything about it. Not investing in it, you can't really fault anyone for that. Believer or non-believer, I'm more apt to be a non-believer, but that fits with my overall skepticism--I'm not religious, either. There are a lot of rubes invested in crypto and they've lost a lot of money doing it, yet all we hear about is how it's the future, and utopia--mostly because it's on a winning streak--in this moment. Those two realities are incompatible, and the investment risk as well as the hurdles to adoption very readily explain the disconnect.

[disneysteve]

I think there is a difference between burying heads in sand, and choosing to invest in a highly volatile currency.

Agreed. I have a basic understanding of what crypto is. It's just not something I see any reason to get involved in. I have no highly speculative holdings in our portfolio. I'm not going to add this one.