Well kinda.
For years now I've squirreled away tiny amounts of crypto all other the place. So many different exchanges and wallets, so many different tokens and coins.
As well as "earning" crypto such as posting hive articles and curation, I've also now and again exchanged FIAT to tokens I thought looked promising. Sadly I listened to the "holding FIAT in savings doesn't out perform inflation" crowd, which turned out to not be the best advice. My little investments performed terribly and are worth half as much as if I had left it in my bank.
Which brings me to the reason for my decision to stop exchanging FIAT for crypto, and even sell a little.
I've got a house mortgage.
For every £1,000 that I pay each month to the bank, only £300 actually goes towards the house. The other £700 is paying off the huge amount of interest I'll be paying off for the next 30 years.
So if I send some of my under performing inflation FIAT to my bank, I'm pretty much knocking that same amount from what I'll pay them over the years.
Turn £10,000 into a crypto token that might go up in value, but just as likely half in value? Or double my money in the long run by over paying my mortgage?
It's kinda no brainer sorry.
My plan is to gather up all the forgotten wallets and horribly performing tokens like Torum and WAX and convert them to Hive. Because frankly Hive is the only thing that not only held its value, but also gave back a really consistant amount in interest via curation.
Going forwards I'll probably power up half my rewards, and sell the other half. Stashing it and putting it towards my house every year along with any change I find down the sofa.
It's been fun, but my number 1 priority has got to be keeping a roof over my house. And I'd really prefer that roof belonged to me and not a bank.