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Crypto is the new Crossfit...

First rule of Crossfit is tell everyone you do Crossfit. I feel like crypto currency is going this direction for the people deep into the game. What do you think? New coin coming out every day it seems!

Agree?
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🐱 Off-Topic
10
Da
DaveFromCollege
Notorious Answer
+7
Account Executive
I made more money on crypto than I did through my job last year so of course I won't shut up about it
DadFather
Politicker
+5
Enterprise Account Executive
Cross fitters also cross fitted more than anyone else last year. The similarities are there hahah 
Jackywaky
Arsonist
+9
Master of Disaster
ma duuuuuuuuude 
HarryCaray
Notable Contributor
+14
Regional VP
I mean hard to argue with that!
jwils
Politicker
+9
Team Lead
Crypto is the new vegan. 
HarryCaray
Notable Contributor
+14
Regional VP
I went back and forth between vegan and crossfit for the analogy.  Figured either would trigger someone
SADNES5
Politicker
+6
Hittin' Dingers
It's a hot market, the piggy backs/coat tailers are flooding. Give it some time it will settle. 

My money's on ETH for transactions and BTC as a store of wealth (like gold).
HarryCaray
Notable Contributor
+14
Regional VP
hard to keep up right now.  You're probably right, it'll settle with time.  Crazy how mainstream it's become.  When I worked at Citi, the CEO at the time made it clear that they'd never get involved with crypto.  He's since retired.  I wonder if the new boss will maintain that same mentality.
SADNES5
Politicker
+6
Hittin' Dingers
Be a fool not to... What's the upside?
1 million investment potential upside 10x? I'd rather lose a Milly hounding for 10 than lose a Milly for a 3.25% return. 
AlecBaldwinsHairline
Valued Contributor
+5
SDR Manager
There will be opportunity, but not without a TON of growing pains and loss by the peasants.
HarryCaray
Notable Contributor
+14
Regional VP
seeing so many copycats already, I hope they're paying attention to the successes and failures of their competitors...
AlecBaldwinsHairline
Valued Contributor
+5
SDR Manager
What if...

Crypto creators are working with Wall Street to divert the peasants investments into a failed platform to keep their money elsewhere.

Did you see how much Coinbase CEO made!?
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Telehealth_2the_Moon
Notable Contributor
+12
Director of Business Development
I've been high on crypto for a long time as a new direction for finance, but right now it does seem like there's a lot of "weekend warriors". This isn't a bad thing on it's own, but that is where a lot of vocal people are right now. 

I think it is important that all new things have a base of people that support it with varying levels of engagement and investment, but usually you'll see those two things go up and down together. Someone with a ton of skin in the game is more engaged, tends to knows more, and spends a lot more time staying up to date. It doesn't feel that way with crypto like it does with more traditional financial tools.

It probably comes down to the "democratization of finance" that a lot of crypto tech touts, but just like with all things, if there's big money to be made then big business will show up with their massive pockets and payroll.

I think crypto is going to be the future of finance operates moving forward, but I also expect that it will very quickly be run in a similar way (possibly by the same exact people) that run the rest of our financial institutions. 
HarryCaray
Notable Contributor
+14
Regional VP
I'd imagine in 10-15 years all of the big banks will be all in on crypto and will swallow up the market
Telehealth_2the_Moon
Notable Contributor
+12
Director of Business Development
Exactly. They will be running things on blockchains and using the technology developed during this time, but in the end they are going to make sure that all roads lead back to them. 

I'm guessing they view all of this as a nice beta test for which technology can actually handle their needs.
DadFather
Politicker
+5
Enterprise Account Executive
The amount of times I’ve heard “bro check out this new coin - it’s defffff the new BTC”.... Its up there with green people, cross fitters, and dare i say Pelaton people.... 
HarryCaray
Notable Contributor
+14
Regional VP
IPA dudes too...
DadFather
Politicker
+5
Enterprise Account Executive
IPA dudes and brunch gals lol 
funcoupons
WR Officer
+11
up in Fiji, under paddy
Yup. Crypto is cool, but I can't go more than a couple of days without hearing about it from someone, it seems. People want to feel like they're part of the cool thing...
HarryCaray
Notable Contributor
+14
Regional VP
weird how it's wrapped up in meme culture too
funcoupons
WR Officer
+11
up in Fiji, under paddy
Well, the initial adopters of Bitcoin were definitely nerds. I don't use that term insultingly, but I first found out about it as I had a friend in high level IT building computers to mine for it. Nerds are more likely to be participating in internet culture. I think that's why it's so meme-y.
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makeithappencaptain
Catalyst
+1
Sales and Sales Dev Manager
The difference is that in crypto (if you play it well) you have monetary gains. And every can relate to money. Whereas not everyone cares about cross fit gains or karmic footprint. Eventually everyone will be into crypto because everyone's gotta pay bills. It will also be more stable over time - I see bitcoin becoming the new gold and other coins being similar to stocks.
HarryCaray
Notable Contributor
+14
Regional VP
You pretty heavy into BTC right now?
makeithappencaptain
Catalyst
+1
Sales and Sales Dev Manager
You could say that. There aren't any big BTC plays to be made other than hold (there are big plays in other coins but it's a lot of work to track the charts) but I think it will become the standard.
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SalesPharaoh
Politicker
+8
AM BDR
Not really I don't see my facebook/linkedin/IG being spammed with people's investments like it was with Crossfit workouts.
HarryCaray
Notable Contributor
+14
Regional VP
I do haha.  You don't get random IG follow requests from "crypto traders"?
SalesPharaoh
Politicker
+8
AM BDR
Oh no, thankfully not I guess my feed algos didn't take me there yet
Coffeesforclosers
Notable Contributor
+11
Director Sales and Market Development
Gddammit this is the post, easiest upvote yet. However come tax time you dont have to deduct your crossfit gains!!!!!!!!!!!!!!!
HarryCaray
Notable Contributor
+14
Regional VP
hahaha good point
MaSaaSter
Opinionated
+4
US BD Lead
Crossfit might get you in better shape, but Cryptos will get you a lambo. I don't need to talk about my crypto gains, my lambo will do it for me lol 
stratman
Politicker
+2
Sales Engineer
You should see the size of my biceps from lifting all my coin
ragnarlothbrok
Politicker
+6
Key account manager
absolutely lol you gotta love it 

Kinonez
Celebrated Contributor
+9
WR Enthusiast
Hahaha this made me laugh indeed it is!
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