11-22-2021, 12:33 PM
Confession: I think my wife is a better crypto investor than me, and she doesn't eve
<!-- SC_OFF --><div class="md"><p>So, my wife "cares" about crypto in the sense that she believes it's the future, but she hates getting into any detail about it. We have a "5 minutes a day" limit on how much we talk about crypto, because she likes seeing how engaged I get learning about the technical side of different blockchains, or the growth rate of different DeFi ecosystems or metaverse plays, but she gets incredibly bored by any detail deeper than "TL;DR" summaries.</p> <p>I'm cautious by nature - at least "for someone into crypto" - so I do a <em>ton</em> of research into any project I plan on putting significant money into, and I DCA in. I don't ape in, I avoid degen plays, I stake and HODL, etc.</p> <p>Cue the wife's approach:</p> <p>1) As I was talking about bull indicators in September and explaining how I've been DCAing into my favourite high-cap coins, she goes, "Oh, so you're going to put the LOC money into that?" We have a low rate (prime) LOC sitting unused, for context. I said, "Oh, no way, I'd never risk borrowed money." She goes, "Why not? If the market is on the way up, and the longest it ever goes down is a couple of years, why wouldn't you? Isn't inflation higher than interest? We don't need the LOC for anything, might as well invest it."</p> <p>2) I was talking to her maybe a month later about the Crypto.com VISA card, and how I staked a few percent of our portfolio in CRO to get one, and that I was nervous about buying an exchange token but that it was up since I bought it.</p> <p>This was our conversation: "Those are the guys with the Matt Damon commercial, and the race cars, and the UFC?"</p> <p>"Yeah, that's them."</p> <p>"Buy more of it."</p> <p>"Well, it's hit multiple all-time highs recently, and that's generally not when you want to be buying. A lot of people buy the peak just as others start selling, and get stuck as the price falls."</p> <p>"I don't care about any of that, but I do know that very few people own crypto, so if there's only one company shelling out for Matt Damon commercials and UFC champions, their coin is going to go crazy."</p> <hr/> <p>So, here we are two months later. The combo of ETH, BTC, and SOL I was layering into in early fall is up 20-30%.</p> <p>The LOC money I put into CRO is up 200%, plowing through ATH after ATH as nearly everything else dipped by 20%. The Staples Center news broke, and I told her it was surging so much that I think I should stop buying. She said, "Nope, they're proving that they're going big, it's going to keep going up." My last DCA purchase was a little over 24 hours ago, and even that purchase is up 30%. Same gain as my ETH and BTC purchases of like two months ago - in a day, during a market correction!</p> <p>I'd never have made that play on my own. Like...never. And even so, I only used a portion of the LOC because I didn't have her balls of steel. We make a solid living and could ride out a bear market even with the maxed LOC, so it's not like I'd be risking financial ruin, but it just felt like living too close to the edge.</p> <p>TLDR: Somehow, spending no time researching crypto other than talking to me about it for 5 minutes a day, and sharing none of my fascination with this world, my wife is a better crypto investor than me. She's simultaneously less risk-averse and somehow strangely attuned to macro trends. I'm not even jealous. I'm too busy staring at these green dildos on the chart.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/TheGassyPhilosopher"> /u/TheGassyPhilosopher </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qz0j2m/confession_i_think_my_wife_is_a_better_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qz0j2m/confession_i_think_my_wife_is_a_better_crypto/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>So, my wife "cares" about crypto in the sense that she believes it's the future, but she hates getting into any detail about it. We have a "5 minutes a day" limit on how much we talk about crypto, because she likes seeing how engaged I get learning about the technical side of different blockchains, or the growth rate of different DeFi ecosystems or metaverse plays, but she gets incredibly bored by any detail deeper than "TL;DR" summaries.</p> <p>I'm cautious by nature - at least "for someone into crypto" - so I do a <em>ton</em> of research into any project I plan on putting significant money into, and I DCA in. I don't ape in, I avoid degen plays, I stake and HODL, etc.</p> <p>Cue the wife's approach:</p> <p>1) As I was talking about bull indicators in September and explaining how I've been DCAing into my favourite high-cap coins, she goes, "Oh, so you're going to put the LOC money into that?" We have a low rate (prime) LOC sitting unused, for context. I said, "Oh, no way, I'd never risk borrowed money." She goes, "Why not? If the market is on the way up, and the longest it ever goes down is a couple of years, why wouldn't you? Isn't inflation higher than interest? We don't need the LOC for anything, might as well invest it."</p> <p>2) I was talking to her maybe a month later about the Crypto.com VISA card, and how I staked a few percent of our portfolio in CRO to get one, and that I was nervous about buying an exchange token but that it was up since I bought it.</p> <p>This was our conversation: "Those are the guys with the Matt Damon commercial, and the race cars, and the UFC?"</p> <p>"Yeah, that's them."</p> <p>"Buy more of it."</p> <p>"Well, it's hit multiple all-time highs recently, and that's generally not when you want to be buying. A lot of people buy the peak just as others start selling, and get stuck as the price falls."</p> <p>"I don't care about any of that, but I do know that very few people own crypto, so if there's only one company shelling out for Matt Damon commercials and UFC champions, their coin is going to go crazy."</p> <hr/> <p>So, here we are two months later. The combo of ETH, BTC, and SOL I was layering into in early fall is up 20-30%.</p> <p>The LOC money I put into CRO is up 200%, plowing through ATH after ATH as nearly everything else dipped by 20%. The Staples Center news broke, and I told her it was surging so much that I think I should stop buying. She said, "Nope, they're proving that they're going big, it's going to keep going up." My last DCA purchase was a little over 24 hours ago, and even that purchase is up 30%. Same gain as my ETH and BTC purchases of like two months ago - in a day, during a market correction!</p> <p>I'd never have made that play on my own. Like...never. And even so, I only used a portion of the LOC because I didn't have her balls of steel. We make a solid living and could ride out a bear market even with the maxed LOC, so it's not like I'd be risking financial ruin, but it just felt like living too close to the edge.</p> <p>TLDR: Somehow, spending no time researching crypto other than talking to me about it for 5 minutes a day, and sharing none of my fascination with this world, my wife is a better crypto investor than me. She's simultaneously less risk-averse and somehow strangely attuned to macro trends. I'm not even jealous. I'm too busy staring at these green dildos on the chart.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/TheGassyPhilosopher"> /u/TheGassyPhilosopher </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qz0j2m/confession_i_think_my_wife_is_a_better_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qz0j2m/confession_i_think_my_wife_is_a_better_crypto/">[comments]</a></span>Kind Regards R