Huge Opportunity
Crypto, it seems, is the gift that keeps on giving.
A little diversion. A lot of what we know about genetic adaptation and Darwinian evolution is from the study of life forms that reproduce quickly. Our lifetime is too long for genetic studies that span over a hundred generations. Looking at fruit flies, while not the same as humans, at least shrinks the observation window into years rather than centuries. Looking at bacteria shrinks it down further - days rather than years.
What does that have to do with the current crypto dip? Well, it seems in the above analogy, the Stock Market would be the fruit flies while the Crypto Market would be the bacteria. The SM gave us the ability to see returns on investment within one lifetime, even multiple times within the same lifetime. Traditional investment often took multiple generations to achieve success. Crypto has shrunk the whole thing down to just days!
"..the bear market is wasted on the youth"
I have no idea who said the above, but it is true. Back in those days, if you were lucky enough to be young during a bear market, and have a small amount of money to invest, you could live long enough to reap the rewards during the bull market. Also when young and carefree, you can afford to invest as much as possible due to fewer responsibilities. In reality, however, the youth are often too broke and disinterested in investing to take advantage of a bear market. By the time they figure it all out, it's too late - they're old, have children, and in debt.
Crytpo has changed the paradigm. This year alone, I've seen multiple mini bull-bear oscillations that could have created millionaires in a few weeks. Of course one would have to know exactly when to enter and exit, which is nearly impossible, but I've seen some insane gains on coins that some people apparently knew where going to gain in such a way.
One other thing I've seen happen is the rich getting astronomically richer. Why? Because in the analogy, they are the old people. They are those people that are old enough to remember the regret of not buying Yahoo!, Amazon or Google stocks back in the day. It's as if everyone now has a life expectancy like Methuselah's (of nearly a thousand years).
The market will rise sooner rather than later (to eventually crash again). Someone, somewhere, is going to make a killing out of it.
Peace & Love,
Adé
Are there crypto financial advisors like there are for traditional investing? I would love to have someone advising me on this and would gladly siphon off some of the profits to pay for advice on when to buy and sell!
I bet there are. There are probably more snake oil salesmen and women out there though. It's very hard to fight someone that is actually good and honest.
Very true 👌👌
Cierto, en necesario invertir en criptomonedas, este es el futuro, feliz jueves productivo, lo comparto en mi cuenta
🙏🙏🙏🙏
We have seen crypto-like moves in the stock market as well. Tesla seems to behave somewhat like a cryptocurrency. What's behind this sea change in investing is, of course, central banks having to maintain ultra-light monetary policies owing to the debt problems governments find themselves in.
Tesla might as well be crypto to be honest. The fact that it represents electric vehicle innovation tends to put it in that grey area between old and new. Musk might as well make it a crypto or create a utility coin for his cars that you can spend in charging stations etc... hmmmm... there's a massive use case there somewhere.
Tesla might rake in some extra money by releasing a coin. But other than the extra buzz, I don't really see a use case let a lone a really compelling kind. For Bitcoin, it's digital gold. For Hive, it's censorship resistance. Both rely heavily on decentralization. Blockchain is the way to implement those things and a blockchain without a native cryptocurrency is a privately owned and permissioned chain and not a public protocol.
Alot of lessons to be learned as I was badly burnt by the bear market, hoping things will turn positive soon