Economics

I Bought Crypto Currencies

A few days ago I spent about $250 dollars on crypto currencies with half going into Bitcoin and the other half going into Monero.

Normally, I try to refrain from spending large amounts of money and prefer to save my money but this I saw a chance. If the US financial system collapses then I think that crypto currencies will inveitable spike in value because of their decentralized, hard coded nature.

Moreover, with more and more people adopting crypto currencies such as major banking establishments, and the growth of ATM’s all across the world where you can buy crypto currencies (mostly Bitcoins), it seems like their growth is inevitable to me.

But I choose Monero becuase of the much more decentralized and secure nature of the coin. It’s harder to track someone down with Monero than with Bitcoin (which is still hard), but I feel like the privacy and security of Monero will make it hold value as one of the leading crypto currencies.

3 Comments

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