Why do we get emotionally attached to crypto?

By LeftFooted | bitcoinea | 21 Oct 2023


I got a pair of Clarks boots. I got them in Ireland in 2012 and they're way past their due date.


The leather is worn out and aged, I've had to replace the heel more times than I can mention, and of course the laces.

I should replace the sole, too, but I can't do that without tearing the whole shoe apart, which I guess some people say I should.


They're also quite uncomfortable. And to be honest they've always been like that. But I can't bring myself to throw them away.


I nearly wept when I sold my first car. And don't get me started on watches. I buy and sell them on a regular basis, and it's always a heartbreak whenever I get rid of one.


It's the same with crypto, for some reason.


I know I probably should, but I can't get rid of Chiliz (CHZ). Or Litecoin. Especially Litecoin.


I still hold some XRP, and my latest enarmoment came with Atom and Ravencoin.


Atom makes sense, it's because of the generous staking rewards on Trust Wallet. But Ravencoin doesn't.


There's a crypto faucet I use daily and I generally pick Ravencoin (RVN) for withdrawals. Partly, that's because other cryptos are available but RVN is the fastest and easiest way to get paid, but mostly it's because, well, I like ravens.

So what I do I withdraw RVN to Binance and rather than exchanging it for something useful, which is what I usually do, I just keep it there.


Getting emotionally attached to physical items is one thing. But to get attached to financial instruments, that's a different level of madness.

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


bitcoinea
bitcoinea

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