The Only Reason I Own Bitcoin
I have very little insight into how cryptocurrencies work. I get the gist, but I can't really explain how "the blockchain" functions -- and I think the same is true for most of us mortal investors. And I believe there's at least a 50/50 chance that an investment in something like Bitcoin (CRYPTO: BTC) or Ethereum (CRYPTO: ETH) will eventually end in major losses of whatever I put in.
And yet, for the past three years, I've held bitcoin in my portfolio. At one point it was the quickest 10-bagger I've ever had. But the ride up and the much more recent ride down haven't notably affected my emotions one bit. My daily life is largely unaffected by the swings of cryptocurrencies.
The key to my own crypto-zen: understanding that I hold bitcoin in the first place as an insurance policy against an unknown future.
Source Fool.com
