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Which crypto is viable as a mean of payment? I can't see one

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Alex Van
@alexvan
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ยท
2 min read

Hi,

today was the first day in the past 3 months where I checked coinmarketcap. Well, I'm not checking it that often anymore, as I don't feel the urge to.

I changed some time ago all what I invested in crypto plus some decent profit for the time and since then I'm just stacking up. I'm not selling it, as I know the prices are low now and I'm just hodling it. Will sell some on the next 50% spike. I know, I shall wait but I invest my assets in some other areas. I like diversification and I'm a strong believe in multisource income flows.

For me does not make any difference if it is fiat, crypto, gold or any fast turnable asset. It is a mean for me to trade. I'm not an idealistic guy who thinks that only crypto is the future, maybe even in the opposite direction, especially crypto can be tracked and spied on. I'm still old school and I like my cash. It is easy to transport and it is not traceable. Prove me wrong here. (I really mean it)

So now I wait for the next spike of 50% and will sell 30% of my crypto assets. Till then I stake up. It might not be the best strategy, but it keeps me liquid. One of the greatest German Investors I know, told me something that would be near to cash is king. He is so right. When an opportunity arises the fastest wins.

I'm not an idealist and even if I don't like a system I try to adapt or to change the system, like pick another one. I do not try modify the running system. An Elon Musk does this and I admire him for that, but I'm not him and I have other drives in life. By the way, the most underrated article on Steem is the one of @neilstrauss taking an interview to Elon Musk. @neilstrauss is underrated in here. He could have been the key to bring medium to Steem. But no one cares.

There are over 20k markets and 5k crypto projects. And the best, BTC is at almost 70% dominance. This tells us the maturity of the market. BTC is crushing it, but it can never be used as a currency. It is to slow and to expensive to have it as a currency. It will crash to use it. For example the Federal Reserve tracks 14 trillion transactions daily. Which crypto can do that?