/biz/ - Business & Finance

>>2377876
>Its just upsetting because I specifically avoided buying bitcoin because of the kind of people that use it, and now those same people have 6x more money. damn it.
You didn't take the risk, or any risk.

The path you chose was certain, but conservative and steady. For every guy that invested in bitcoin, there's another who started a business that didn't work, or gambled it on some dot com failure, or whatever.

It's a shame that it took you so long to realise this, because it sounds like it's made you bitter. On the other hand, it could be worse. You could have spent that money and had to retire at 75, not 50.

But yeah, the process of enlightenment should go:
- Average: get a better job so you can buy nice things
- Above average: get a job and live below your means, invest remainder in index funds to be above average and retire earlier than your peers
- Excellent: risk the possibility of failure by taking bigger risks with both your time and money - start a business, make risky investments, etc.

Why should taking a conventional path yield anything better than conventional results. You gotta get out your comfort zone.

That said, you're still better off than most people

Those saying crypto is mainstream are using a small sample of other nerds online. 4chan is not representative of the average person.

Most people under 30 have probably heard of bitcoin, but hardly any have heard of ethereum or any other altcoins.

Of those who've heard of bitcoin, hardly any actually own any. They still think it's a scam/solely a means of buying drugs online.

Not to mention people OVER 30 years old. I'd say the vast majority haven't even heard of bitcoin - let alone altcoins.

Crypto going mainstream will be when boomers start using them to diversify portfolios via funds (like the Swedish one that recently got listed on Hargreaves Lansdown). It makes sense as a hedge against inflation and shocks in other assets e.g. equities. Mainstream will be when you start seeing mainstream news features about altcoins, adverts for altcoin exchanges, etc.

But that said, there is likely to be a pretty big correction before crypto reaches this point. Many of the current shitcoins will not survive this dip. There are just too many copy + paste coins that have no innovation/use. And you see people designing blockchains for things that don't even need a blockchain. It's a bubble, just like the .com bubble. And just like the .com bubble, holding the winners - the Googles and Amazons - will make you rich.

Also crypto market cap vs stocks

Coinbase is cancelling everything I do. Is there an alternative to convert my usd to btc and eth?