Realistic expectations of cryptocurrency
Late to the game?
Let's say your one of the people who either knew nothing or little about crypto before the end of 2017. November comes and you finally decide to pull the trigger on purchasing a little bit of something. Like a lot of other people, you still have bills. You have rent or a mortgage to pay, maybe a car payment or two, the unholy monopoly that is the cable company, cell phone(s)... My point is, say you were only able to throw in a couple hundred bucks. This late in the game with that amount of money are lambos really attainable? I understand it is all in good fun, but I feel we cheapen the legitimacy of crypto in general when we continue to hold those things up as goals.
Can we be honest... will Litecoin ever attain anywhere near the prices we are seeing with Bitcoin? Do I wish they would? Absolutely! I have to be real though. FOMO to me is a bygone conclusion. If you didn't get in at the beginning of 2017 or sooner we did miss out, I don't think you are going to see the kind of huge returns others are. In just a short amount of time, I think the crypto market has matured. Maybe not as much as we would like, but enough that people are being more savvy about where they put their money. Those that still get in with the lambo dream are getting left behind. Government meddling aside, I think we are starting to turn the corner on crypto being a "get rich quick" scheme and it becoming a legitimate investment.
Feedback
What do you think Steemians? Did you invest what you could, but it is relatively small in the grand scheme of things? What are your expectations? Is the lambo you dreamed about now a nice lightly used couple model years old pickup truck?