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Saturday, June 19, 2021

The coin jar fallacy, and why you should get rid of yours ASAP.

So everyone probably has a coin jar or box or storage bin or whatever. Who doesn’t like having that little bit of surprise money sitting around? (It’s estimated that there is BILLIONS of dollars in change in couches, cars, jars etc around the US.)

I work in retail, and having not been able to get a box of coins in weeks due to the second pandemic shortage, I tried to convince my wife to trade in the office cooler jug of change we’ve been adding to forever, mostly because it would help my store.

“No!” She says, that’s our free vacation money!”

“But honey, I’ve been putting quarters in there for over fifteen years. They’re worth practically half of what they were 15 years ago.”

Damn

“You just want to use it to buy more crypto!”

And there it is. She’s half right, of course. Part of me wants to invest in anything besides holding US debt in a jar and watching it slowly erode.

Look, I’m not saying turn your real coins into virtual ones, but, had I gotten rid of said barrel last bear market and dumped it into BTC or ETH, those devaluing coins would be worth a hell of a lot more now. Hell I could have done so six months ago and still made a killing!

Listen crypto fam, I’m a widower. My late wife helped me fill that jar for years, and we never got to use it as our secret vacation jar, even though it was our plan too. The government and inflation is going to destroy what you save. Either invest it in crypto (or something safer if you have little risk appetite,) or go on the goddamn vacation. This jar of coins is mocking me.



Submitted June 18, 2021 at 08:29PM by CaptainWelfare https://ift.tt/2Sepa3c https://ift.tt/2Z7cX2s

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3gEuKVN
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