Everyone has a favorite cryptocurrency they like to invest in. What people don’t realize is that their investments speak volumes about their personalities, habits and general existence. Did you ever wonder what your crypto preference says about you? Well wonder no more, my friends.
Bitcoin
Image Source: Bitcoin.com
Let’s start with the heavy hitter since most of us have had to buy at least a little bit of Bitcoin to get started. If you have recently invested just a little into Bitcoin, then that doesn’t really say too much about you, as it’s something most people have done, but when you bought into Bitcoin is a huge predictor of your personality. For example, if you were one of the first onboard with Bitcoin, this most likely reflects one of two things: your disenchantment with our current state of Fiat Currency, or your YOLO attitude in trying new things. This makes early Bitcoin investors either prone to dreams about anarchy, or extremely adventurous. Perhaps there are some exceptions to the norm. Maybe you came upon it by accident, or were pressured and roped into it by a friend. There may even be some that discovered Bitcoin out of sheer boredom. But you are definitely an adventurous person by nature either way. You are unafraid to try new things, and you are pioneers in a new generation of currency. (You are also extremely wealthy right now, so go you!)
LiteCoin
Image Source: CNBC.com
If you bought into LiteCoin in the beginning, it’s possible that you were already into BitCoin, or that you had somewhat missed the BTC train and felt the need to hop onto a different train. This train of course didn’t take you nearly as far as BTC might have, but if you have stuck with it for this long, you are less of an adventurer and more of a “take it easy” type. Perhaps you aren’t seeking huge fortunes, but aiming for a currency that doesn’t have the same rewards as BTC but offers potentially greater stability in the long run. It is better, after all, to have a currency that remains stable and makes a profitable gain every once in a while, than one that spikes up and makes you tons, but only provided that you know how to play the stocks extremely well lest you get burned. You may very well have invested in both BTC and LTC, but if you are just a Litey, you like to play it a little more safe. LTC is gradually moving up to the number one spot for BTC, so your strategy may very well work out nicely in the end. Only time will tell.
DogeCoin
Image Source: Heavy.com
Have you honestly invested a lot of cash into DogeCoin? Did you know that it started as a joke and invested anyway? Either way, if DogeCoin is your crypto spirit animal, then you may want to re-prioritize your “making money from crypto” plan. Even though DogeCoin is estimated at 2 billion dollars now, it has been hyperinflated by people who have a bad case of FOMO. That is the category you are put in now if you have any serious commitment to this crypto. FOMO (or Fear Of Missing Out) is something quite common among the new release of things. Parents spend obscene amounts of money on overinflatedly priced toys because they don’t want their kids to have to experience FOMO. Young adults spend nearly 3 hours on their cell phones a day looking at social media because of FOMO. So, if you have invested any real amount of money into DogeCoin, what that says about your personality is that you have a FOMO on the release of new cryptos. Which means that there is a good chance that you have also invested in dozens of other new cryptos, because instead of doing your proper due diligence about a company and their underlying currency, you just dive head first into it because it’s popular, and you don’t want the bandwagon to pass you by. Full disclaimer: When I first heard that DogeCoin was a thing, I was floored. My reaction went through this cycle: disbelief -> laughing -> wanting to buy DogeCoin -> Realizing that was dumb -> Researching cryptocurrencies -> Being actually kind of irritated that an imitation currency had value and threatened real cryptocurrency that people had worked so hard to build. If DogeCoin is your dig, you are the type of person that sends the Cards Against Humanity creators $15 for literally nothing, merely to be in on this broader joke that everyone is talking about. That is a Dogecoin investor’s personality.
Ripple
Image Source: Steemit
If you have invested in Ripple, you are likely newer to the Crypto-game and have potentially heard that banks also have some stock in Ripple. Potentially that makes you feel better about investing because it is almost like getting the best of both worlds. You get to dip your toes into crypto, but you know it can’t necessarily go belly-up if the untouchable banks have any investment in it. As you have seen Ripple gradually rise in price, your original thoughts about it surface and you are made comfortable by Ripple’s seemingly low amount of wavering compared to the other cryptos, you feel confident in your investment choice and you see BTC falling to the wayside after its chaotic reign, while Ripple seamlessly slides into first place. It’s the tortoise for you on this crypto journey; Slowly but surely outpacing the other cryptos in the race to the top.
Steem
Image Source: Global Coin Report
