I have heard all my life that smoking weed is bad for you. Sure there are some who will say differently but from your own observation what do you conclude? I live down here in Jamaica and when you listen to the guys, especially the rastas, who indulge in the practice you just have to shake your head in wonderment. Yes weed does have some benefits but when I do the cost benefit analysis I think I will pass. I have absolutely no pity for anyone who it messes up. Period.
For me personally this crypto business falls into the same category. I am currently watching a video about FTX on Youtube and again I have to shake my head in wonderment. Similar to the weed thing I have done my own cost benefit analysis and I think I will pass. After hearing all these years about the bad experiences of people with this thing why in heavens name would I even think of getting involved?
And just as they do with ganja I expect people to come to the defense of crypto.
Anyway good luck to those who decide to take the plunge…
you will need it.
Interesting take! 
Getting into crypto, especially with its current state, is definitely a gamble. But with this position, I’m curious to know your thoughts about crypto being the currency of the future. 
The valedictorian of my high school many many many years ago was an avid pot smoker. Our circles of friends overlapped, and while I didn’t partake, I was exposed to many of the smartest people in my year - all pot smokers and all highly capable and extremely smart. Most went off to top colleges and universities.
Also, in my older years, and having many friends and family in the healthcare industry (doctors, nurses, PAs, pharmacists, etc.), again, I’ve come to learn that many are avid pot smokers, even into their 40s and 50s.
Granted, this is a small sample of people, but I’ve come across so many more people in my life time that are highly functioning, successful, and intelligent members of the community that smoke weed.
I’ve also had the pleasure of witnessing what effects pharmaceutical grade marijuana has on cancer patients and others in chronic pain. It’s been a game changer for them.
My point is… to each their own.
I hear you, but you cant generalize like that. That unconditional statement leaves me to believe that this is also your position on murder and child abuse…each to their own.
It is similar to people telling me women and men are equal but still want them to use separate bathrooms and have different weightlifting competitions.
Is that not a generalization? I am speaking to this specific topic, trading crypto/smoking pot.
I don’t know man. You try to analyze the situation right here right now. But you forget that times change and what seemed unreasonable back then for the majority of people, right now looks normal.
What I am trying to say is yes the crypto sphere took some serious damage by the endeavors of some questionable individuals.
But you can’t say that because of FTX and SBF all the crypto industry is a fraud right? It’s just a vast generalization which is vaguely inappropriate.
Plus, do you really think that crypto as a phenomenon will disappear in the near future? I really doubt that, so much so I can bet my hat that it will be here even twenty or fifty years from now.
This was with every major technological breakthrough in the history of humanity.
And in our trading/investing world you have to be a visionary in some sense and think ahead of time. Otherwise you won’t make it here.
Hi,
I’ve been quite dormant on crypto for almost two years. I came out of dormancy three weeks ago, prompted by two announcements that two out of the four exchanges I had used intended to shut down and put themselves in the hands of liquidators. I had to log in to systems I hadn’t used for ages, and was successful to relocate 80% of crypto holding to new accounts.
Having held gold and silver for over 30 years, I guess you could say I am more patient than most. I agree with your title - anything you get you deserve. I was just lucky to have entered crypto in 2020, so the damage I did by not responding quickly enough in early 2022 was mitigated by the experience of 2000 and 2021. So I chose to just leave what I had in place, and wait it out. During the migration off-exchanges, it was interesting to note that a clerical error I had made nearly two years ago worked in my favour. The only crypto I cashed in was XTP, where I managed to get out with a 20X. I was literally laughing all the way to the bank. Whilst the experience was not life changing, it paid for a short overseas trip I took to see a long lost friend and crypto enthusiast 10 times over.
Personally I do not know about “crypto”, which to most people sounds like the 13,000 or more tokens or coins that have grown up since Bitcoin was created 31Oct2008, but for me, it is the blockchain that will not disappear. It is a technology that has so far been shown worthy of close attention by people in areas of specialisation far beyond crypto currencies. For that reason, I will be doubling our initial commitment of 3% of our wealth back in 2000 to crypto in 2024, by lightening our overexposure to gold.
It has been a pretty awful 2023 for most people, including my family. But there is nothing like the end of a calendar year to rethink, take a well earned rest, and come back with a renewed vigour.
It helps a lot that I have achieved my health objectives for 2023. I am no longer diabetic, have lost the 5kg I planned to lose back in August, my heart is no longer fibrillating, and I am surrounded by people who care for me. In that respect I am getting what I deserve. 