I’ve gotten most of the feedback on my blog from the Cryptocurrency posts. That’s 3 in total. Ridicule how such a fetish can cause such a storm. I call it a fetish or you can call it a trend but if it’s something you’re passionate and simultaneously addicted to, I think I’d call that a fetish.
Crytpo is a dangerous word though. I almost see it as gambling.
If there is no guarantee that you’d make a profit – and even though a positive outcome can be seen as an investment, but otherwise unless you can afford to lose YES – I would consider this gambling.
The risk is still there. We like to ignore it because its gimmicky, trending, virally, social media frenzy, media circus vibe has gotten us all overly excited when in actual fact we should be overly concerned.
But I do want to point out – apart from the financial loss, what else is there to lose? A friend of mine wanted to spend £18 per person for her birthday party to go into an adult ball pit. That’s basically 1 hour of trying not to lose your phones in a plastic snowball fight. After about 10 minutes you’ll have 2 black eyes and bruising and maybe even a fall out because someone in the party was being too vigorous with the balls. You’d have some super cute insta pics and a fun story to tell everyone. But for throwing plastic at each other?
Tell me, why would you spend that £18 for 1 hour of cute selfies when potentially you can make a bitcoin trade (not sure actual pricing btw on trading bitcoin, definitely not £18) – and at least it could be a contribution to such a placed trade.
So – let me get this straight.
Minimum spend on a slightly more promising successful outcome (at the very least you can say you once trade traded bitcoin) = £100
Adult ball pool party (insta pics but potential short term bruising) = £18
I cant afford to lose £100 either. But if crypto currency bloggers are essentially the casino dealers who are allowed to give a discreet side eye or eyeroll to an overly confident gambler at a pool table in Vegas, who is making a more promising gain?
I can’t control the amount of eye rolls I do every day. However, I do control what I blog and as crytpocurrency bloggers, shouldn’t we supposedly be taking more responsibility for what we post and share? I’m not a trained or informed expert investment banker or bitcoin specialist but as previously mentioned I do get the best feedback about this topic.
So I ask you this:
Confident, advising crypto bloggers (myself not included) should you be holding a licence or at least some small kind of credential to be handing out this advice?
Millennial Genie 