Cryptocurrency Thoughts

Cryptocurrency Thoughts

Not everyone believes in cryptocurrency—but I do. I have a few bitcoin, a few Ethereum, a few Litecoin—the simple, mainstream ones. I’m not into any of the thousands of other small coins.

I didn’t get into it early on, but early enough. I acquired like a half a bitcoin early on for about $1000.  So far, I’ve made about twenty grand; would have been more if I had sold when it was at its highest but that’s alright.

People ask me all the time how I got into it and why. Well, honestly, and I hate telling this story because it’s frustrating. But, as many of you already know, I have a merchandise website with shirts, sweatshirts and things. Five or six years ago some of the fans were reaching out like, “Oh, man, we want to pay in bitcoin. We want to pay in this digital currency.”

I was kind of skeptical and thought-- normal cash will do. But one of our managers for the website had heard of cryptocurrency and bitcoin. He was more informed than I was and said, “Yeah, just go for it, just allow it. I think you’re going to really like this. I think it’s the future.”

And so, we allowed it.

For the most part, though, we just converted it back to cash, unfortunately. If I could go back in time and not convert that to cash, then sure I’d sure I’d have a lot of bitcoin.

When I tell that story, people often assume that regret is what pushed me to get more involved in cryptocurrency. I don’t feel regret for how that played out; it just feels more like a missed opportunity. Had I done more research and looked into it, maybe I wouldn’t have passed on it at that time.

From what I know now, it’s not for everyone. It’s one of those things that’s kind of a gamble. You’re rolling the dice with some of these coins, and sometimes it works out and sometimes it doesn’t.

I do invest in cryptocurrency and am an investor and spokesperson for a cryptocurrency trading platform called Cobinhood.

Some of these websites, some of these applications, they charge a decent fee. For active traders, those fees eat into your profits. Cobinhood allows people to trade cryptocurrency without the fees. That’s what kind of kills a lot of people’s profits when they’re trading—the fees.  

It allows people to make more money.

As for why I decided to get into cryptocurrency-- I’ve always been into forward thinking, being progressive, and at the forefront of technology and innovation. I think Cobinhood is one of the more innovative platforms in the cryptocurrency market; cryptocurrency in itself is innovative and forward thinking.

Basically, I just wanted to be a part of something special moving forward.