Back in June of 2017, after watching YouTube videos about Bitcoin for a couple of years, and thinking about buying some Bitcoin for as long, I signed up for a Coinbase account and bought $100 worth of the cryptocurrency. The per-coin price at that time was $2,717.52. So, my $100 purchase bought me 0.03679826 of a Bitcoin.
It was simple to do. I should have done it sooner. I bought more Bitcoin over the next couple of months. In early November, the price of one Bitcoin had spiked up to $7,500 and I sold. In mid November, when the price dropped to $6,400 I bought again. When the price jumped up to $16,000 in early December, I sold it all.
It was an exciting time. Amazingly, I had managed to "time the market" (so to speak). It was the easiest money I've ever made in my life. It helped offset another down year with my Planet Whizbang mail-order business.
Needless to say, I'm a believer in the whole concept of decentralized, open source, distributed-ledger cryptocurrency. I'm persuaded that it is here to stay. It is the future of money. The transition is now underway.
My initial concern with cryptocurrencies was the one-world-government, cashless society dangers inherent in such technology. That is a possibility, but it is not a certainty. A true, decentralized, open-source crypto can not be taken over or totally stopped by any government or banking entity. The technology is incredibly resilient.
The powers-that-be (big banks and government, working together) will try to co-opt the distributed-ledger technology to maintain (and increase) their rapacious economic feudalism over everyone, but it remains to be seen if they will succeed. Mike Maloney talks about this aspect in Will Cryptos Free or Enslave Mankind?
My point with this post is simply to present my own personal interest in this topic. I believe in diversification of investments. It's an agrarian concept—don't put all your eggs in one basket. Cryptos are a speculative investment outside the legacy economic system.
I need to make it clear that I am NOT recommending that anyone reading this should invest in cryptocurrencies. What I recommend is that, if you have an interest in this subject, you do your own research and come to your own conclusions. You might start with this documentary: From Bitcoin to Hashgraph. And many of the YouTube videos by Andreas Antonopolis are excellent tutorials.