Recently, a friend asked me if I still owned crypto. Yes, I answered without hesitation, though it’s not nearly as much as I would like. My budget has been tight, and of course it is not growing like it was before.
My friend had sold his own stack of Ethereum, at a moderate gain from when he’d initially bought in, but a disappointing drop from the all-time-high. The price dropped much further and he was glad he’d sold, but obviously still thinking about it.
I stopped short of advising he buy more soon, at those low prices. What do I know? I am not a financial adviser, so don’t even think about taking my advice on what to buy. I am, however, a specialist in human behavior. So if you want to succeed in crypto, listen up.
I’m going to tell you something that’s been bothering me since I bought my first bitcoin (technically, my first 0.03 BTC). It began as a little fear we’ve all had at least once: “this isn’t real money.” I am convinced now that it is better than money, but there is still a big problem with Bitcoin.
For simplicity, I’ll use “Bitcoin” to refer to cryptocurrencies in general. Bitcoin still rules the markets, as this month proved yet…
