2018-01-08: It's still not that easy

in blog •  7 years ago 

Stats

Cash: 10.4%
Core: 77.0%
Explore: 12.6%
Workout: 30min dog walk
Alcohol: None

Shallow Thoughts

I don't really know how accurate my Cash/Core/Explore breakdown is any more due to some shenanigans on CoinMarketCap, but I'll assume it's close enough since the Core is reliable. I remember a time when an Asian crypto-exchange had prices way out of line with the rest of the global exchange. I even tried to arb it. It didn't end well then. Hopefully history doesn't rhyme. (Note: Hope is a terrible strategy.)

Deep Thoughts

I do a lot of shopping at Wal-Mart. . . people may judge, but they have an array of of goods and groceries at reasonable prices, and social/market pressure will gradually force them to abandon some of their dodgy labor and vendor practices. At checkout today, I saw this sign:

IMG_2637.jpg

I wonder how much money Wal-Mart makes charging at least 0.8% commission on these cash transfers. It's a great way to leverage their geographic reach in the US, but I would think there's a crypto-powered solution to this problem that's cheaper/better/faster.

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Which coin should I invest in?

Unfortunately I don't have any simple answers for you. Invest in educating yourself across a broad range of topics in finance and history, and then go take calculated risks with amounts that you are willing to lose. Thinks of losses as tuition paid and profits as passing grades. Write down your thought process prior to each decision so you know your state of mind at the time and can learn from it objectively when you have the benefit of hindsight.

And don't get discouraged. It's very hard to time the market - it's much easier to put a process in place that you can follow at regular intervals. The hard part is then trusting the process.