As developments on the world stage seem to come to a head I feel more and more like the age of crypto is literally around the corner and coming closer by the day. We see signs of broader adoption and as the fiat system comes under increasing pressure through the current madhouse situation, we can glimpse a future not far off where there will be ample incentive for many people to move into the crypto space. People willing to buy at increasingly higher and higher prices in the hopes of securing some of the new currency they have for so long neglected to take note off.
Do I think it's a good idea to inherit cryptos to our kids in 20 or 40 years and to see these new currencies as a priceless thing to hang on to forever? Nope, I think that would be rather foolish. Do I think it's a good idea to make use of crypto's impending rise and buy physical materials and tools with it as soon as crypto's prices are ridiculously high? Heck YES!
It's a great idea to utilize cryptos as currency was originally intended - not as a commodity worth having in its own right but as means to trade against things you will need. To spend it in exchange for the means to a self-determined life.
Cryptos at the end of the day are - much like bank money in a bank account - numbers on a screen, nothing more. They carry only advantages over bank controlled money, yes, but at the end of the day they will never be as useful as physical goods you need to live a life of self-determination: Tools, food, land, working materials. There will come a time ideal for selling if you have grand visions that require lots of means, the time when crypto is booming. When everyone wants it it is time to let go of it. And since noone seems to want them right now it is a good time to collect them.
So sure, being in the crypto sector right now will likely pay off immensely once the majority of people come piling in to this space... provided: we can manage to stay in it long enough.
The issue is that events on the world stage make it really enticing to just trade the tiny bit of wealth cryptos have right now into fiat just to be able to live through these times of austerity. Payments need to be made, many people are losing their income and survival will always come first before building any future wealth or the prospect thereof.
If we get sucked in to selling our cryptos for fiat these days the risk is that - in the long term - we end up selling near the bottom of crypto's value curve before any of the major adoption steps really get going. This might not seem so bad right now but just imagine there really will come a day when HIVE will be as big as Facebook or Twitter, when the control structure starts advertising crypto as they did during the last BTC bull run and the advantages of HIVE, Steem and similar projects become known to a wide segment of the population.
How painful will it be to realize all we had to do is to hold on to our Hive through the tough times to make them count towards the projects we have been meaning to get off the ground...
If the coming crypto revolution will be anything even remotely close to "greatest wealth redistribution in human history" as it is sometimes called we may find it hard to forgive ourselves for having gotten shaken out by the market swings and the pressing austerity times that preceeded the greatest economic boom in this asset class.
I am not saying this to taunt anyone out there who needs to convert their crypto to fiat just to get by these days. I am coming to a similar point if I can't find a better way, and all the potential value in your portfolio is meaningless if you starve before then...
But I am saying if there is any chance for you to hang on to your position in crypto now that the bear market is slowly coming to an end, try to resist the temptation of selling beneath value. If you are still here and have made it through all the past 2 years of value loss of Steem, BTC and the rest, you might as well hold on a little longer. And if you can't, then try to hold at least a small position for later, not touching it until your neighbor and grandma asks about "that crypto currency thing".
From a macro perspective, we are well prepared, if we don't mess it all up now and get suckered in by the initial increases in our portfolios' values as we are just exiting the bottom phase of this asset class. We may be witnessing the start of the demise of humanity's antiquated money these days, money that will become irrelevant sooner than we might expect ;)
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