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RE: Why is Crypto like a shoe salesman in New Zealand?

in #steemit7 years ago

"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.

  1. The innovation stage
  2. The early adopters stage.
  3. The mass adoption stage.
  4. 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.?"

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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?

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