We spend so much time here that it’s easy to forget that many people out there don’t believe in crypto. Highly publicised accounts of crypto firms declaring bankruptcy and hackers stealing people’s life savings create a climate of fear. They are afraid to dabble with something that seems to be fraught with dangers. Perhaps that’s why there is an unspoken rule among crypto investors that you never discuss crypto in real life with anyone who doesn’t have skin in the game. My own wife knows that I’m exploring the crypto space, but she doesn’t know the size of my portfolio. And it’s a state of affairs that I would like to preserve, lol.
Not broaching the topic of crypto can also help you save a lot of heartache later on. After all, people usually just want to find out the coins you have invested in - and follow suit, heedless of whether the risks involved are a good fit with their tolerance level. It’s one thing to lose money due to your lapses in judgement. After all, you can write them off as tuition fees paid to the treacherous jaws of crypto. But it’s another different story if your family and friends accuse you of losing their money because they follow blindly what you suggest.
So you resolutely refuse to divulge the coins that you invest in. Perhaps you suggest some educational resources that your contacts can refer to when they press you for recommendations. But even so, you got to tread with caution. You wouldn’t want to forward articles that extol only the positives of a coin. Or even if you are a BTC maxi, you wouldn’t want to send them articles from Bitcoin Magazine. After all, even if BTC and ETH are perceived to the blue chips of crypto, this is a conclusion your friends need to draw for themselves. Not something they siphon off you. You are not a filter funnel!
So keep on stacking, my crypto warrior. Quietly and steadily. No one else needs to know.