I’m getting notifications from #Venmo telling me that they accept #crypto as currency.

[thumper1964@mindly.social]

I’m getting notifications from #Venmo telling me that they accept #crypto as currency. I have never touched crypto, and honestly, I don’t see any reason to do so. I just don’t see a reason. Also, it just feels speculative.

[lynn@mastodon.stickbear.me]

@Thumper1964 I no for certain I'd never do it.

[mikegorse@mindly.social]

@Thumper1964 I completely agree. Of course, I wish I'd bought a whole bunch of it when it was cheap, but I can't go back in time and do that, and there are always going to be things that we will see as having been good decisions in hindsight.

For someone who has investments and is retired or close to retirement, it is a good idea to hold some assets that aren't highly correlated with equities, in order to minimize volatility, but, according to a podcast I was listening to a while ago, Bitcoin has become highly correlated with the NASDAQ / tech stocks, so it isn't useful for that either.