This will be a bit more of a philosophical post, rather than any kind of news or market analysis. In thinking of cryptocurrencies, most people are typically drawn to large fortunes being made by those who "got in early." People see large sums of money being made and want a piece of the action. That's not at all surprising. Everyone wants a piece of the pie. When it comes to money, greed kicks in: the bigger the piece, the better. Should there ever be a rainy day, it's good to be prepared. So, naturally, we want to feel secure financially.

The pitfall I see a lot of people, myself included, falling into is that true investing requires time and long time horizon (years, decades even). Massive cryptocurrency returns have completely disrupted the traditional investing paradigm. For, example if you had invested $1,000 in Bitcoin just two years ago, that $1k is now worth $3.3k -- a return of 230% -- astronomically beating the S&P rate of return for the same year of 15.2%

So, "time in the market" beats "timing the market" just as in legacy investing. However, for every story of massive positive returns are tales of massive losses. Anyone who knows what a "shitcoin" is can attest to that. Speaking of shitcoins, let's take a look at the "TRUMP OFFICIAL MEME" shitcoin:

 I think perhaps the Grail Knight from Indiana Jones and the Last Crusade says it best:

Choose your cryptos wisely, that is. 

While there are still over $2 billion in $TRUMP, I still see it going the way of every other shitcoin - zero land.

Anyway, tangent aside, and onto the topic of sound money. I received 2 $TRUMP for payment recently and immediately swapped for Solana. Why? Because one is a legacy crypto with a future and one is a shitcoin. When it comes to keeping crypto for the long-term and using it for actual peer-to-peer payments, I believe there are only a handful worth keeping. To name a few: Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, Solana. I am very impressed with the transaction speed of Litecoin and Dogecoin.

That's it from me for now. Perhaps the title was a bit misleading because I believe that certain cryptocurrencies are both investments and sound money. Shitcoins are for trading, and strictly trading only. It's the wild west out there in shitcoin land, so be careful. We have to choose wisely...

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