/biz/ - Business & Finance

>>25369425
lmao no

We Are Here

1 is the suicide stack. If you don't have at least 1 BTC by now what the fuck have you even been doing the last 12 years

21 is the make it stack and always has been.

People don't realize how early this all still is. Pic related is where we are

>>24860241
Even if you think it's a complete speculation and nothing else, from a risk-reward asymmetry perspective it's hard to argue against putting 1-5% in. Because who really knows what'll happen

Gen Xer here, IMO it's like buying one of the dotcom names in the 90s. Still very early, hard to see which names will come out on top. Hard to use for anyone non-technical just like the internet was. And still a decade or more away from the time when everyone and their grandma relies on it unknowingly, like how easy e-mail is today versus back then

Imagine buying AMZN under $10 back in the 90s. Then people laughed at you as it crashed from $90 down to $5 in 2001. But if you understood the fundamentals and that the world wide web was a decades-long play, ignored the short-term volatility, now you'd be up like 400x.

Unironically just buy and hold like you would with gold or even USTs

>>24149261
Reminder that crypto is still in this phase. We are early

>>18702471
Huh, that sure sounds similar to a certain new digital technology we have today.....

>>16368671
Have to agree. Internet failed to scale. Tried some shitty patch work ideas like electronic mail and HTML, floundered for years, and had several mini-civil wars over the fucking bandwidth. Internet has no future in its current state. High fees, slow, stupid and run by morons

>>15758111
Look at how fucking user-unfriendly everything in the crypto space is. Still several years away from the point when your grandmother uses crypto without even knowing or caring, the same way she uses Facebook today without knowing or caring about the vast multitude of technologies powering it

>>15730486
Internet in general.

You don't know where to start. [Insert effortpost here]

Congratulations! You are now owning the famous electronic mail address

>>15660187
Where are you from? I'm in burgerland, and here it's basically techie interest with emerging companies and price speculation. The average normie doesn't need or want it yet. Just like the average normie didn't need or want the internet back in the early 90s.

However. Take a look at Venezuela. Argentina. Bitcoin isn't just a speculative hedge there, it has absolutely proven itself useful as a way to retain wealth in a collapsing economy. I've heard multiple interviews on NPR about people in Venezuela storing wealth in BTC, then whenever they need to go buy bread or milk they convert a small amount to bolivars and then use that at the local grocer.

And that's WITH the militant regime crackdown on the exchange/ATM on-ramps. They couldn't and can't stop it (Tor/VPNs), not without completely shutting down the internet countrywide, which they couldn't do without effectively shutting down the entire electrical grid. And even then there are ways around it with offline mesh import/export.

And it's still the early days like the internet in the 90s. Imagine a future state where cryptocurrencies/blockchain are abstracted with multiple layers to the point where it's idiot-proof and even your grandma could use it the way that she can use e-mail today (pic related). When that starts coalescing into real products that the average consumer can look at and say "that's cool, I want it", that is where the real bullrun starts.