Why I Decided to Get Back Into Crypto A Bit

I am not going all in. As I have said many times before, I am a stock market guy and it is where I not only have made most of my fortune, it is the area in which I make the most money.

Like Warren Buffet said many years ago and which still holds very true for me, "Invest in what you know." And I know the stock market, so for me, it just makes sense to continue to be heavily invested there. Especially considering the multiple ways to make money in it.

But I also see that it seems to be the case that perhaps some short term price stabalization has occurred across all crypto. It's not great where any of these coins stand currently, of course. They are wildly below where they were just one year ago.

But even Bitcoin, the mothership according to some, has hovered comfortably between $15k and $17k per coin for some time, and it makes me think that perhaps that is a buy signal of sorts.

I will tell you point blank that it is nothing more than a guess. I have yet to be able to value any cryptocurrency coin in any significant way like I can with stocks.

Over the past year I made the decision to not put any new money into this space. At the same time I continued to earn where I can, running faucets and doing other things that earn a little crypto here and a little crypto there.

When it comes to faucets, one of my favorite ones to use is still freebitcoin. The thing I like about that one is that there are multiple ways to earn from rolling the "dice" once every hour, to spinning their Wheel of Fortune wheel, to wagering a little here and there. But the big plus, to me, is that I can earn interest on what Bitcoin I hold there.

This has primarily been part of my decision to start putting a bit of new money into crypto. The interest earned.

Because I can still put in relatively small amounts but yet still get some sort of potential gain, plus my interest will compound of course.

It's still a big gamble. But that is why the amounts I am contributing are so small.

From time to time you may find me walking into a casino. I play the lottery pretty much all the time. It's all just for fun for me and when I walk into a casino or buy a lottery ticket, I have no expectation of winning anything at all.

So, why not treat cryptocurrency sort of the same way? It is a small amount of money to lose if the whole market completely implodes. Yet at the same time if there is something to this crypto thing and the markets take a major turn to the upside, which so many people more deeply involved in the whole thing have alluded will happen, then having even just a little skin in the game may prove to be a winning idea.

There is one minor drawback of course, and that is that I have no idea, and no way of knowing how solvent this faucet at freebitcoin is. So, I may simply be throwing good money to the wind despite anything that happens, good or bad.

Still, it is a risk I am willing to take.

I have also made it a rule to not put any new money into crypto from money allocated specifically for investing. Instead, I am only putting money into crypto from money allocated to discretionary spending.

Besides, crypto currently continues to be a very small part of my overall investment portfolio with the lion's share being allocated to stocks, and a secondary share being allocated to private equity and cash.

For me, crypto is last on the list when it comes to investments, and I am very comfortable with this remaining true.

As is the case with the stock market even, there is always room for a little bit of speculation. And so it goes for the entire portfolio as well. Therefore, there is room to allow for a little bit of speculation when it comes to investing in cryptocurrency.

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