Robinhood, the Crypto Gateway Drug
How I moved from slingin’ stonks to the world of cryptocurrency
It all started with a birthday check from Grandma. I’m 40, but I still get birthday checks from my grandparents. Cute, right?
The pandemic was in full bloom, and there wasn’t much for me to do with my birthday bucks — so I decided to head to everybody’s favorite virtual casino: Robinhood.
I was classic dumb money, investing in a certain electric car company — let’s call it Schmikola — and other less-bad-but-still-bad choices. I learn from my mistakes, though. With every misstep, I became a little smarter.
I moved from following the herd to making better, educated decisions. I was diversifying. I decided ETFs were better and started putting money into them instead. Things were growing and moving in a positive direction.
But then I realized I have a 401k for that. I asked myself:
What am I trying to do here?
That’s when I ripped it all out and put it into bitcoin. (Keep in mind that “all” is my original birthday money plus weekly investments of about $50. We’re probably talking about $500 at this point — not my life savings.) Can you guess what happened next?
