Cryptocurrency: Will You Have Regrets? Consider This

Recently, I was talking in a Clubhouse group that I co-moderate about regrets with cryptocurrency, which is decentralized digital currency (including Bitcoin, Ethereum, Cardano, and thousands more). My regret, if I had one, would be that I didn’t find out about cryptocurrency earlier. You see, Bitcoin launched in 2009, and people began trickling in. But when some people were getting into crypto even into 2013 and 2014, I was investing in, and spending on, other things.

I did get to the market eventually, and even had some help from friends. And I think things work out how they are meant to, in general, so regrets don’t really matter. 

“Don’t let lack of knowledge be the reason you miss out on opportunities.”

Right now—even as Eitcoin and Ethereum have hit new all-time highs in 2021, institutional investors have bought serious amounts of bitcoin, and the markets receive media attention—I think we still have opportunity in this crypto space. As the value of the U.S. dollar has fallen against certain other currencies, and inflation abounds, cryptocurrency can show great promise when it comes to value, utility, and more.

For instance, while Janet Yellen, Ph.D., Treasury Secretary and former chair of the Federal Reserve, noted that cryptocurrency can potentially be used to fund illicit activities (which, really, so can cash), she provided additional comments in a January 2021 statement to the U.S. Senate Committee on Finance following her confirmation hearing. “I think it important we consider the benefits of cryptocurrencies and other digital assets, and the potential they have to improve the efficiency of the financial system,” Yellen noted in her written response to the committee.

So as we continue to watch this market, and its potential, there’s still time to learn and get into it if you feel so inclined. And to potentially build wealth. If you’re already invested in stocks, for instance, cryptocurrency can be a way to diversity an overall portfolio. But don’t let lack of knowledge—of this, or any financial sector—be the reason you miss out on info.

For my part, I’ve been co-moderating and speaking in related rooms on Clubhouse, alongside knowledgeable people, and also would love to have you join future events. (Examples below! If you’re on Clubhouse, you can follow me @lesliequander.) I also continue to read and learn.

The bottom line: Consider researching cryptocurrency for yourself. I say often, like many others in this space, that we should do our own research. This is a key part of learning in crypto and beyond. And it’s completely okay if you decide this market is not for you. But maybe take a bit of time to figure out if it might be.

Plus, there are solid resources to learn about the overall market, if you decide to, including prices, history, and some key terms. One additional place to start is coinmarketcap.com, which includes current overviews of the market, specifics on individual cryptocurrency history and performance, and even a learning section. And if you decide to buy, please know that you can start with only a few dollars, as it’s possible to buy “pieces” of Bitcoin and other cryptocurrency.

Reminder: I never give financial advice. 🖤 Your money is yours, and this market is volatile and has real upsides and downsides. So consider your personal situation, and whether you’d buy in with money that you can afford to lose.

So what do you think? Have you heard about cryptocurrency? Are you interested in this topic? Feel free to follow me and learn about the benefits and risks, potential utility, and more.

And if you see this post and have general questions—or would like me to speak on it for your organization—please feel free to email me, message me on Instagram, or comment. Thanks for stopping by!

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Bitcoin Hits All-Time High. Why It—and Other Cryptocurrencies—Matter

Tweet by lesliequander reading "Well, this has been a day" about bitcoin

If you’ve ever wondered if you should take cryptocurrency seriously, you should.

On December 16, 2020, Bitcoin, the best-known cryptocurrency (but not the only one by far), hit $20,000 for the first time ever. It then went on to more than $21,000. By the next day, it was at more than $23,000.

After its lows of around $3,600 in March (when the pandemic affected global markets), this all-time-high is major. And it’s particularly interesting for U.S. investors during our current economic times, as the dollar has been down when compared to currencies like the euro. Plus, everyday and institutional investors have been buying Bitcoin. ⁠

What does this milestone mean? Well, if you’ve ever wondered if you should take Bitcoin and other cryptocurrency seriously, you should. I certainly do.

As I write this post, the global market cap of cryptocurrencies is more than $600 billion, CoinMarketCap reports. Yes, billion with a B. This is clearly something to pay attention to.

For now at least, as news continues to break, be aware that cryptocurrency—decentralized digital currency—exists. (The paper money in the background of the photo in this post is not the only game in town.)

Also remember: Bitcoin is a leader, but thousands of other cryptocurrencies exist at varying price points, including Ethereum (aka Ether or ETH), XRP, Litecoin, and Chainlink.

Also know that the crypto market is volatile and care is needed when investing, as you can see from Bitcoin’s intense price fluctuation just within a day (and during this year). And every currency is not something to invest in. So know that investors can have real gains and real losses.

Note: This blog does not offer investment advice. Always do your own research if you decide to invest in any financial market.

So have you heard of cryptocurrency? Do you find it confusing?

If you follow this blog and my YouTube channel, you may know one of my core subject matter areas is personal finance. And that I like to share what I know and encourage people that success and a wealth mindset are possible. This post is just a quick look at the landscape; there are many other things to discuss including the importance of blockchain technology, pros and cons of holding or investing in cryptocurrency, and more.

In closing, remember news is happening in this sector, which is one worth tracking. Please stay tuned. And feel free to share your thoughts or questions here, or on my Instagram page. 💥

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