Own Crypto?

Own any Crypto?

You’re a target.

Period. 

Are you ok being a target?

The tension doesn’t get you down?

You take it in your stride?

Fine. 

You’re probably good for the game. 

I am not. 

I don’t like the tension. 

I don’t want any crypto on any of my devices, alone because of the tension element. 

I don’t wish to be a target. 

I don’t like the History, with exchanges going bust et al, cryptojackings, and what have you. 

I don’t like the bubble-chart. 

Governments are pushing against it. 

Top banks dissuade. They’re not willing to hold it in their cyber-lockers, for then, they become targets. 

Then, just too many cousins. Which cousins are the black sheep? Which one will go all the way? Who knows?

Let’s talk volatility now. 

Bought some crypto? Down 20% since? Now what?

I don’t want to be faced with these questions on a daily basis. 

Terrorist push. They move it with crypto. 

I don’t want to be moving it like terrorists do. 

Russian servers? Bulgarian IP? 

Already getting the jitters. 

I don’t comprehend blockchain.

Multiple people saying something is something doesn’t make that something something. 

Is someone making a very big fool of a lot of people, and getting away with it too?

Too many “I don’ts”.

Too many red flags.

Next, you’re telling me that I’m a target too. 

Fine. 

However, for whatever I’m a target, for that thing the criminal will need to accost me physically, on the road, or in my house. 

Are you getting it?

The robber will have to rob my house physically. 

Not so the case with you, crypto-owner. 

The hacker can hack from any corner of the globe. 

Criminals don’t wish to be cracking safes when they can steal from computers thousands of miles away. 

So,…

…careful. 

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Resisting the Devil’s Lure

The lure is tremendous. 

It’s flashy. 

It’s in the limelight. 

It’s happening. 

It wants to take you for a ride. 

It’s called Crypto.

There’s talk about “it’s the internet of the future”. There’s talk about how there’ll be no governments and how people will rule over their own currency. Enough to sweep one away. 

However, cryptos go against the grain of everything a steady long-term investor stands for. 

Origin is unknown. 

Banks won’t store. 

Governments rejecting.

Legit?

Do you know the answer?

Main exchange went bust in 2014. Got hacked. 

Terrorist and launderers have found in them a smooth haven. 

How is one to understand Blockchain?

X number of people agreeing that the sky is purple – does that make the sky purple?

What about all the cousins?

There are many cryptos. 

There’s one springing up every few weeks.

Which ones are going to be around in 10 or maybe 20 years?

Yes, long-term investors think …

… long-term. 

Cryptos are making people taste fast bucks. 

Fast bucks made in a few days can spell disaster…

…because this is a trajectory that makes one want to bet the farm at the peak. 

Crypto players are being set up for something big. 

The amount of ammunition prevailing is enough to bludgeon lots. 

Pigs will get slaughtered. Always happens. Very few people in the world know how to trade. Let alone knowing how to trade, very few can even define what a trade is. 

Cryptos are a trade. Period.

That too, if one wants to trade cryptos.

Why wouldn’t one want to trade cryptos?

For starters, very high beta. Not many traders are comfortable with high betas. 

Stepping into the crypto world means stepping out of one’s area of expertise initially. 

Why would one want to step out of one’s zone? Circle of competence means a lot to successful traders. 

Diversification?

Have crypto on your plate, and the sheer hullabaloo will disturb your other trading. The one you’ve taken so long to build up. Do you want that?

No. I don’t. I’m happy in my circle of competence.

I don’t want the disturbance. 

I don’t want the extremely high betas. 

I don’t want to get slaughtered. 

I want origin. 

I want legit. 

I don’t want bust exchanges. 

I don’t want to make my computer a target. 

I don’t want to be doing what terrorists and launderers are doing.

I don’t buy the mining story. 

If the sky is blue, I want to have the freedom to call it blue, even if a billion people are calling it purple.

My common sense says no. 

Therefore, my exposure to cryptos is nil. 

I resist the devil’s lure.