MY CRYPTOCURRENCY EXPERIENCE
By now, almost everyone that lives in the world today has heard of Cryptocurrency. Bitcoin, Ripple, Etherum, and LiteCoin are just a few of the dozens of cryptocurrencies available to purchase and sell on exchanges like Coinbase, Bittrex and Robinhood. These alternative investments/currencies have gone mainstream so that Average Joe and Jane investor can now take their hard earned dollars, purchase/convert them to their Cryptocurrency of choice, and ride the wave to riches. Or at least that’s the story we all convince ourselves of.
I decided to test this world of Crypto and open up my own Coinbase account and invest a modest $300 USD. Now, I’d like to preference that my opinion here is not for or against Cryptocurrency. Nor is it an endorsement of any one coin. As a matter of fact, I’ll be quite honest in stating that I know almost next to nothing about how Cryptocurrency works, how it’s valued, and arguably whether it’s even a “real thing” or not. On that last note, it’s not lost on me that currency in general isn’t a “real thing” either, but that’s a conversation for another day.
The reason I wanted to write about Crypto is to explain my experience and findings in putting my hard earned dollars into this alternative investment. My interest piqued on the topic when I received a few calls and emails when Bitcoin was above $13,000 a few months back. At that time, it wasn’t hard to find articles talking about “Bitcoin $20,000!” “Bitcoin $50,000!” “Bitcoin $100,000” all over the internet. I’m not going to lie, even though my response to everyone who called/emailed was “I have no clue about Crypto,” I too was intrigued to try my luck. Fast forward a few months and over a 50% drop later, and here I am wanting to share what I learned
More info:
https://franklinstarwealth.com/blog/my-cryptocurrency-experience