The crypto boom has not yet happened. Late 2017 SOME stupid money entered the market. Around 0,1% of the world population owned cryptos at that point. The average hodler owned Bitcoin and ETH and some LTC. 90% did not hold or even know about other tokens. This tells me that more than 90% of that (possibly less than) 0,1% had no clue about the Blockchain, and was simply in it because of FOMO or hype.
The thing is that Blockchain is pretty fast changing the entire world. In a couple of decades, most people won't have jobs. It will be automated. Even desktop office jobs. It will be taken over by AI and blockchain. Big tech companies will probably even attempt to outcompete big government - as government is flawed by design to bloat. So people will probably "vote" for getting paid by tech companies rather than getting less income from government. This will probably be in the form of tokens or some sort of basic income.
The rich people will be those who own big companies, the ones who actually have a job (which will be seen as a privilege - because we all know how terrible it is to be idle and not do anything), and the people who invested in the tech/blockchain space. The youtubers, the steemians, the hodlers. They will be an entire class. The rest will be the idle-class. The unhealty ones watching TV and chasing the newest Iphone where they try to earn some pockechange on a decentralized version of Instagram (perhaps like Lit/Mithril or Sola) Money will grow on trees - literally. Without government in control of it, money is up for grabs anywhere. Making currencies a commodity which are sought after by people. Some will be hyped and worthless the next day, some will last. Currencies will have to compete in a freer market.
The reason I KNOW this, is because well just look around. NASA is adopting blockchain, and even IMF, central banks and governments are positive now. They will not ban cryptos - because they can't. There is no point. Cryptos are simply a new way to fund projects. And they are also the economy in those projects. They are are core part of the decentralization. And to be honest, this is not bad for governments or big business. The distributed ledger is transparent and is therefore going to help eliminate illegal activites.
Cryptos is not aarhhh we're pirates and freedom and shit. It's just a disruptive technology to say the least. It's possibly the most important invention of all time. And it is not good nor bad. It will however change society very quickly. It will probably make governments obsolete. And we will see state after state, country after country possibly just giving up government. It's ineffective.
Now, back to the headline.
Why will most people lose? Because they can't plan ahead. They don't have the attention span or the patience to hold for long. The people who bought Ethereum at $1400 with no problem beacause of FOMO are now afraid of buying in at $500. This is partly because they don't understand the tech. But more important, psychologically they are incapable of making a decision. They don't have the patience or rather the attention span and the "spiritual" calm needed to even remember why they did something.
First, they don't have the patience to watch a 30 minute video. They can't read a book. Their mind races. They are anxiety ridden. Stressed. Been subjected to propaganda their entire life. But they see this new thing and they buy in from FOMO. But then they "forget" why they did buy in. Because some other news or opinion or FUD makes them scared. So because they don't have that serious fundament of knowledge they change their opinion. Have you noticed that in your self as well? How easyily your mind can change? You watch a video where someone seems to have good arguments, and all of a sudden you're like "fuck that, I'm selling!"? We've all been there. And this is really the secret. In order to make profits long term, you have to be able to snap back into it whenever you read or hear something. You have to have the patience to read more before selling or doing something else stupid. And the more fundament you get, the more you know. And when it comes to Blockchain and Cryptos, the more you read into it, the more it adds to the fundament. Mine is very strong.
Nothing can make me sell. Because I KNOW that it will be a 10 trillion dollar market. That's a fact. Will it be a 30 trillion market? Very likeley. 50 trillion? Possibly. More than 80 trillion (all the markets in the world combined + forex and gold?) MAYBE. It could take over the entire economy eventually. And it could be even bigger as we have economic growth. 100 trillion market for cryptos, or a 250x return on your investment if you've invested in the right coins. Or even more. Some coins will go 500x or 1000x or even 10,000x.
In the next few years, we will see people with 10k, or 100k invested become BILLIONAIRES.
Yours sincerely
Baron Von Bitcoin
