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RE: Why is Crypto like a shoe salesman in New Zealand?
"Fortune favors the bold" or "high risk, high reward." There are a million cliches that would fit this idea and they are all definitely true. You made a really good point.
I have heard that there are a few stages that new ideas tend to go through.
- The innovation stage
- The early adopters stage.
- The mass adoption stage.
- The late adopters stage.
In regards to crypto we are probably still in the innovation stage. Can you imagine when we get to stage 3 - mass adoption? We will be looking at $5000 Bitcoins and saying "wow could you imagine if we bought back then.?"
Yes @leaky20,
Thank you for adding that. This is so true and exactly what I wanted to help people understand. I agree we are definitely still in the innovative stage. I read a lot of stories that compare crypto to the early days of the internet and it is so true. Blockchain technology is here - and it's here to stay! How it develops and will be used in the future is anyone's guess. And everyone should be taking it much more seriously!
Agreed. I believe that even Bill Gates said that Bitcoin isn't going anywhere. I look at crypto not as an "if" but a "when." When do you want to get involved early or late, when coins are cheap or when they are expensive?