Crypto & Me

by Gary, Client Acquisitions Manager of Medallion XLN

My knowledge of crypto has definitely increased over the last several years. And yet I often feel as lost and confused as I was a decade ago when I first heard the term Bitcoin. Dwayne introduced me to bitcoin. And tried to explain the concept and construct of cryptocurrency. I was certain he was speaking Klingon or some other galactic language. I just couldn’t wrap my head around this crypto/bitcoin scenario. Digital currency? It’s not really a physical coin. What are you talking about? You can miss me on that my friend. 

Dwayne and others encouraged me to invest in bitcoin.  However, my conventional investment knowledge and plethora of questions kept me sidelined. Is it really legit and legal? How and where do you buy it? How do you cash it out for “real money”? These were just several of a thousand questions that ran through my mind.

Fast forward to the first wave of Covid 19. My employer temporarily shut down as all non-essential businesses did in California. During this down time I was introduced to Forex Trading. By this time I was much more familiar with cryptocurrencies. In particular Bitcoin and Ethereum. And found that they were part of the Forex trading menu. In researching the differences between those two digital currencies,  I became more aware of this emerging new digital currency world. Including blockchain technology. While I certainly couldn’t teach a class on crypto. I’ve gained just enough knowledge to understand the conversation and controversy. At least I thought I had. Then came NFTs.

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