I think there are a few legitimate reasons to why a lot of people end up in ”crypto”.
First, they look at Bitcoin primarily as a speculative investment asset (rather than a new monetary system - an electronic peer-to-peer cash system as it is intended to be), thus applying the traditional investing wisdom number 1:
”diversify your portfolio”
So they end up diversifying, and building up a portfolio of differenent cryptocurrencies - all in order to engage in what they perceive as proper risk management.
Secondly, a lot of people just assume that the future digital economy will mimic the traditional economy - they assume it will be a world full of different currencies for different countries and for different use cases. And that bitcoin will just be part of the puzzle.
börje / Börje
npub1rg…7w038
2023-05-15 19:31:50
in reply to nevent1q…kc63
Author Public Key
npub1rg6x6f2c8avtxm07rslnhfqfst8xwdefava5f7neydlasak3u89s47w038Published at
2023-05-15 19:31:50Event JSON
{
"id": "9ebd0eb7c6fdea76e6912bf3f74d2d28d40af9751e33d77f8c7a7cf9c77b6cf1",
"pubkey": "1a346d25583f58b36dfe1c3f3ba40982ce673729eb3b44fa79237fd876d1e1cb",
"created_at": 1684179110,
"kind": 1,
"tags": [
[
"e",
"5728eac652dec9546e24abb4843cbbc65c3becf6ba1854f54139c9c1c5fdf638",
"",
"root"
],
[
"p",
"e8d4a7509246d3382d8fdba16fba4cd890450d1946a01313fb3bd582129b963d"
]
],
"content": "I think there are a few legitimate reasons to why a lot of people end up in ”crypto”.\n\nFirst, they look at Bitcoin primarily as a speculative investment asset (rather than a new monetary system - an electronic peer-to-peer cash system as it is intended to be), thus applying the traditional investing wisdom number 1:\n\n”diversify your portfolio”\n\nSo they end up diversifying, and building up a portfolio of differenent cryptocurrencies - all in order to engage in what they perceive as proper risk management.\n\nSecondly, a lot of people just assume that the future digital economy will mimic the traditional economy - they assume it will be a world full of different currencies for different countries and for different use cases. And that bitcoin will just be part of the puzzle.",
"sig": "1e104e2b8e03dfaefe354cb98e3032fe56a9fd1c4a3a021d679c79f8179a67894ce666b60f60fa30615685404bb571b5e3d02585c047f934f3c592fb94b35052"
}