Bored Ape Enters Casino
A couple of days ago I had a post having the subject of a friend of mine who said that he's rather buying himself some motorcycle boots than to invest in crypto. It sounds dumb, I know that, but I'm probably worse than that guy :)... I just bought SHIB.
The issue that was underlined in that post mentioned above was that most of us are lacking financial education, that SHOULD BE TAUGHT IN SCHOOL. I have to admit that although being in crypto for a few years I still lack "a proper" financial education.
I have learned a lot, especially by being active on Loefinance, but can't say I'm properly educated in this regard. I am far from being in that position and it's probably why I have bought SHIB today...
I have the urge for a few days to enter a casino, or at least to play slots for a bit. It is an old addiction that has surfaced lately and so far managed to hold it under control. I wasn't too addicted to slots, but I did wasted quite some good money and time in such places.
Instead of playing the slots, though, I decided to buy myself $200 worth of SHIB. That's about 9 million SHIB making me a SHIBonaire. I am not looking at those as an investment, if I were to put that amount into something that's supposed to be considered an investment I'd rather choose BTC, ETH, HIVE or ATOM.
I'm looking at this move as a healthier way of feeding my slots urge without being in the position of actually loosing the money. Yes, the shitcoin can go way lower than my entry point, but it's not like it will crash to zero.
The market started to recover, Elon is once again shilling DOGE on twitter and I thought I could try a short trade with SHIB. The chart does look to be in formation for a reversal and I'm also betting on dumb money to pump this bag once the market will recover at a stronger pace.
Cuz dumb money likes shit coins.
I'm not looking at SHIB as an investment, it's far from being in that position, but sometimes you have to have fun in crypto as well. On the contrary, I believe that many of these projects that are doing nothing fundamentally are going to fade away in the years to come.
We are at a point in this industry where the maturation process is inevitable. I am not a fan of NFTs, I have never owned one, the Ragnarok ones I'm getting will be my first ones, but that doesn't mean I don't see future in the concept and usability of these.
It's just that I believe these bored apes sold for full bags of ETH will end up like NXT has, after the 2017 bubble deflated. Crypto projects that have use cases are really going to make it but at some point we will have a churning time and I don't see SHIB nor bored apes surviving the flood. As a trade, though... Why not?
Thanks for attention, Adrian
Posted Using LeoFinance Beta
