I keep some USD in my blockfolio and it pains me to watch it do NOTHING.
We've just bounced back from a huge dip and I'm happier to check my holdings. I leave the USD to remind me that money would stay still in my bank account like a sleepy cat or get spent.
The latest buzz I'm hearing is that coinbase is coming out with an app, coinbase commerce. I may be able to accept crypto as payment for piano lessons. Yippee! I know many folks are playing the HODL game but seriously, even with a volatile market, there is value in keeping a wallet of crypto for daily use. Some may actually spend and save their money MORE wisely.
My sleepy cat is nice but not as lively as my crypto. Let's call my crypto wallet the piggy. What do people do with things that move? They WATCH it. You are happy if it's healthy and fat and you find yourself mindful and reading for info if it's looking not so lively. You can argue why spend $3 on coffee in crypto when it may end up $6 in crypto an hour after you paid for it and drank it. You can wince about the gains you lost but you know YOU HAVE A SLEEPY CAT that also does nothing but look cute. Sleepy cats are cute. I have several. They sit in the bank.
That lively crypto wallet is the piggy! Feed the piggy every week funds to pay for life. Maybe the piggy gets extra fat and you find that you spent your regular grocery budget for the month AND still have funds alive and kicking. Good piggy! Feed the piggy!!!!
And keep your cute sleepy cat. Or several, like me.
Using crypto for everyday transactions may get people to mind their money wiser and enjoy paying attention to it because it is lively and just may give better leverage.
I wish you all happy healthy piggies and cute sleepy cats.
JNET
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