Is this for real?
After three years of being in crypto I consider myself a moderately seasoned veteran. I may not have multiple bull and bear runs under my belt, but I made it through one bear market and I have a feeling it will not be my last.
Despite all of that time and experience, there is still something about crypto that almost doesn't feel real. Like I am playing a game with monopoly money or something.
Here is a great example:
So I've been pretty up front about the fact that I do a lot with NFT's over on the WAX blockchain. I used to have a fair amount of WAX sitting in my account that I purchased with my powered down STEEM when WAX was sitting around $.03 to $.06.
Over the past couple of months, there have been a number of NFT sales and now my liquid WAX is quite a bit lower than it used to be. Along with that, the price of WAX is now sitting at $.23 (but that is kind of beside the point).
What I am getting at, is during one of those sales I started making some purchases and by the time I was done I started taking stock and realized I had spent $360.
I am a pretty frugal guy. If I am making a purchase that is anything over $100, there is usually a spreadsheet (or two) involved and at least a verbal agreement from the wife.
Yet here I was, out $360 and it felt like I had spent $0. My bank account wasn't any lower. My wallet still had the same $14 in it.
That is the funny thing about crypto. There is an aspect of it that almost doesn't feel real at times. I think of it the same way as eCommerce on the Internet when it first started to catch on. With a credit card you could blow through a ton of money before you knew it. It almost didn't feel real because there wasn't that physical action of exchanging cash for goods.
I had never realized how tactile spending money is. Is there something ingrained in us that makes it feel more real? Of course, eCommerce caught on, and today it is more commonplace and almost an afterthought to spend money that way.
I've gotta believe that one day crypto will be like that. I really look forward to it being so casual that we don't even give it a second thought when we exchange funds for goods that way.
Until then, for me there is still this air of mystery about the whole thing. Not mystery like I don't understand the fundamental concepts, but mystery like it is still just some magical money floating out in the ether that isn't really real.
Does that make sense?
Anyone else feel the same as me?
How long do you think it will take before that mindset shifts?
Thanks for reading!
Sports Talk Social - @bozz.sports
@eos.detroit Staff Writer/BOID Team Leader
Posted Using LeoFinance Beta
