The Early Bird Advantage: Why You Should Not Underestimate Cryptocurrencies
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The Merriam-Webster dictionary of the English language describes an "early bird" as one that arrives early and especially before possible competitors. It further traces the etymology of the word to a popular English proverb of the 20th century which states that, the early bird eats the worm.
In a nutshell, being an early bird means that you enjoy great advantage and privileges ahead of others - the latecomers. This is exactly the advantage that cryptocurrencies provide to adopters at this formative stage. Therefore, it shouldn't be taken for granted.
History has shown that those who sit on top of the pyramid of success were not actually the cleverest of men but those who took up the challenge of breaking new grounds. In this regard, Jeff Bezoes provides a perfect example.
Today, Jeff is the richest man on the planet not because he holds a PhD in Finance or Economics but because he was among the few who caught the disruptiveness of the internet and built a business, Amazon, around it.
The same thing could be said of Mark Zuckerberg who, although stealing the ideas of the Winklevoss twins, went ahead to launch the most successful social network site in history. Today, Mark is one of the richest men on the planet.
The common factor between Jeff and Mark is that both guys leveraged on the power of the internet at a time when many were skeptical about its potentials and success. They were the early birds of the internet age and it paid off handsomely.
The story is different today. The blockchain is shaping up to be the next internet. And the evolution is starting with money in the form of cryptocurrencies. Unfortunately, many are still very skeptical and resistant to the reality that the reign of the paper money is collapsing.
The available statistics shows that far less than 1% of the world's population have had reasons to use Bitcoin under whatever circumstances. Similarly, less than 0.5% of the world's population own crypto wallets.
As with most technological innovations before they took the whole world by storm, it is not surprising that many are still very skeptical about the future of cryptocurrencies. However, the early bird advantage will come into play again and should not be taken for granted by those who have already caught the cryptocurrency vision at this stage.
Already, the early bird advantage has played out in several crypto projects. There were those who bought Bitcoin at $2 and sold for over $10,000 per coin. Even STEEM, we have had those who came in here early enough, earned thossands of coins, and slammed the door on the faces of the latecomers.
But the beautiful thing is that the road to a mainstream crypto adoption is still very long with rooms of opportunities. What we have seen so far is just a tip of the iceberg for those who will be patient enough to witness what is about to unfold.
You could have come to cryptos for reasons best known to you. You may or may not have hit the goldmine yet but, if anything, do not take for granted this early bird advantage. It is too early to say what project will succeed or fail but the opportunities provided by cryptocurrencies are boundless. Be that early bird which eat the worms of wealth on the altar of cryptocurrencies.
I am @gandhibaba, the young man who goes about carrying his magical pen, not his gun, in his pockets.
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Gif courtesy of @artzanolino
Woo friend @gandhibaba, great reflection.
Really this can become as you describe it, even these days I meditated on it thinking that we have something of an advantage for when all this finishes exploding.
Thanks for sharing.
I think crypto is still in early-stage and the best of it is yet to come. In India its not even 1% of people are part of it and that opens a huge door of opportunity. Many exchanges are working to bring more people on board but it will take time.
Surely crypto is something that can not be ignored and the world has to accept it.
I agree with you. This a motivotional post that will keep me in steem platform. it is prooved that steem is one of the strongest social media platform with blockchain tech since 2017. And now I think steem will grow bigger. Thanks I get motivated reading your article.
Cryptocurrency is still in it infancy state and will be very promising in the future for investors and people who build their businesses on the blockchain and leverage on cryptography and cryptocurrency for transactions purposes.
@gandhibaba cryptocurrency will be future of currency , sooner or later world has to adopt it.
Early bird are always having the full opportunity in anything. They enjoy a lot of privileges which people who come in later do not enjoy.
I wish, I knew this thing before and invested my money in Crypto assets when it was new. Well, This is not just about crypto even everywhere it works that early bird always has a competitive advantage you can see so many examples around you. Well, I still think it's not too late to get involved in crypto because the opportunities are still there we just need to identify it.
Thank You and I really appreciate your effort :-)
Sure, it never can be too late for now. Let's make the money before the masses come around. Thanks for stopping by.