To The Moon

Cryptocurrencies have been impossible to ignore in the past few years. Everywhere I looked, there were headlines about Bitcoin, Ethereum and stories of cryptos millionaires. And yet… I’ve never actually bought any crypto or crypto stocks myself.

It’s not because I’m completely against the idea — in fact, I do own a tiny fraction of Bitcoin. A while back, Moomoo gifted me some fractional shares of Bitcoin, a small token of novelty more than an investment. I’ve held onto it, mostly out of curiosity, but it’s never represented a serious part of my portfolio. To me, that gift perfectly captures my approach: I’m willing to observe and learn, but not to bet my hard-earned money on something I don’t fully understand or can’t reasonably evaluate.

The main reason I’ve stayed away is simple: volatility. Cryptos and crypto stocks can swing wildly in a single day. For someone like me, who prefers predictable outcomes and stable growth, that kind of turbulence feels more like gambling than investing. Watching prices jump sharply based on sentiment, hype, or rumors doesn’t fit with my approach to managing risk.

Regulatory uncertainty is another big factor. Governments around the world are still figuring out how to handle crypto. In some countries, there are regulations on exchanges and digital tokens, but a sudden policy shift anywhere could drastically impact prices. Crypto-related stocks face similar uncertainty, tied to both global regulations and the adoption of blockchain projects. I prefer investing in companies or assets with clearer legal frameworks and structural stability.

Then there’s the question of intrinsic value. Many cryptocurrencies and crypto projects don’t generate cash flows, pay dividends, or hold tangible assets. Their value depends largely on speculation and hype. That makes it hard to use traditional methods to assess value or long-term potential. I like knowing what I’m buying; the crypto space often feels like betting on a story rather than on fundamentals.

Finally, personal temperament matters. I’m cautious by nature and prefer investments I can understand and monitor. The fast pace, noise, and hype in crypto make it hard for me to feel comfortable taking a serious position. Owning that small fraction of Bitcoin gifted to me is enough exposure to satisfy curiosity, without forcing me to compromise my investment principles.

In short, I’ve never bought crypto or crypto-related stocks, even though I do own a tiny piece of Bitcoin thanks to a gift. My decision is grounded in volatility, regulatory uncertainty, speculative valuation, and personal temperament. I recognize others may profit handsomely in this space and maybe one day I’ll take a bigger position but for now, observing from the sidelines feels safer.