[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 2.28 MB, 2198x1218, herd mentality.png [View same] [iqdb] [saucenao] [google]
11460808 No.11460808 [Reply] [Original]

1993 = 34 million cellular users

Today = 4.5 billion cellular users

Can someone compare what a similar jump in crypto enthusiasts would mean for the market cap of cryptos? Datadash you in here buddy?

>> No.11460831

>>11460808
it's more like
1993 - 0.5% of the world's population are cellular users
today - 65% of the world'd population are cellular users
2010 - ~0.000001% of world's wealth in crypto
2018 - 0.02% of the world's wealth in crpyto
...

>> No.11460841
File: 490 KB, 320x240, correct meme.gif [View same] [iqdb] [saucenao] [google]
11460841

>>11460831

nice go on please

>> No.11460865

>>11460831
>>11460841
deluded

>> No.11460878

>>11460831

>today - 65% of the world'd population are cellular users

This.

>mfw there are people on /biz/ who unironically believe 60% of the population is already in crypto

60 fucking %. Let that sink in.

>> No.11460882

>>11460808
People like to sleep and dislike volatility.
Fiat currencies serve them well.

>> No.11460899

I think adoption will grow indeed, but it will never reach 60%, not even close to that. There are too many scams in crypto and people are understandably scared about it. The average Joe doesn't have the ability to understand trading, floating exchange rates, and supply vs. demand dynamics.

>> No.11460904

>>11460899

60%? dont be ridiculous, cell phones will never grow to that level, not even close!

theres a payphone on every street!

>> No.11460921

>>11460904
Most people have no idea of what market cap is, and never will. It's just too complicated. The average Stacy just won't ever understand why crypto is needed when we have stable fiat currencies. Crypto will only receive mass adoption if all fiat currencies collapse together.

>> No.11460922

>>11460899
Scams are bound to happen while people are learning, just like with the internet.

Crypto is very secure, but as long as people dont know the diffrence between hot/cold storage, personal wallet and "merged" wallets on exchanges etc.

>> No.11460931
File: 7 KB, 250x214, 1538186722600s.jpg [View same] [iqdb] [saucenao] [google]
11460931

no comparison, women can use celulars, but not crypto

>> No.11460934

>>11460882
Volatility is not intrinsic to crypto, it's just a symptom of a low market cap.

>> No.11460939

>>11460899
Never is a long time. It's not inconceivable that people will essentially hold cryptocurrency without realizing it. Or at least use services that require some sort of back-end transaction to happen on some blockchain, whatever. People don't need to buy ethereum or bitcoin on an exchange for there to be adoption. Nearly every single person on earth uses linux every day, but what percentage of people if you asked them would know this?

>> No.11460940

>>11460899
>The average Joe doesn't have the ability to understand trading, floating exchange rates, and supply vs. demand dynamics.

The point of crypto isn't market speculation you neckbeard retard.

>> No.11460944

>>11460921
Stacy just needs to understand that she doesn't have to pay tax with crypto, that's a good enough incentive to use it.

>> No.11460947

>>11460921
it is futile to even try explaining to the NPCs

>> No.11460955

>>11460921
>talking to my dumb friend
>"bitcoin moves up and down hundreds of dollars! its too volatile and cant be a currency!"
>try to explain to them that volatility should be looked at in percentages moved, not dollar amounts
>show them examples of fiat currency being wildly volatile
>they just repeat their same argument that a hundred dollar move in bitcoin means it cant be a currency despite that being only 1-2% change

>> No.11460968

>>11460944
Stacy feels scared at the mere proposition of not paying taxes. Some US states already accept tax payments in Bitcoin, which is a sign of what is to come.

>> No.11460987

>>11460968
It's inevitable because of the public ledger of BTC and yes it will actually make taxation even worse.
But it's a step to the right direction. People will start using BTC and get used to it. Then the transformation to a privacy currency is more effortless.

>> No.11460996

>>11460940
Imagine a world where people use multiple currencies to transact. The average Joe has to choose one of these currencies to pay for his iPhone. How does he make that choice? He needs to understand speculation. In a world where crypto is mainstream, everyone becomes a speculator of sorts. This is not unusual, we've seen it happening throughout history (gold, silver, copper, cocoa, maize money). The problem is that crypto takes speculation to a whole new level. Now you have hundreds of new coins being created every month.

>> No.11461012

>>11460996
People in 3rd world countries are pretty much forced to speculate because their own currency is trash.
Saving your wealth in a liquid form is tough business, it shouldn't be taken for granted.

>> No.11461040

>>11460996
people will always use fiat dummy....

>> No.11461045

>>11460955
but it doenst only move 1-2% it can also move - 50% in one month like january... your friend is right you arent very smart

>> No.11461051
File: 22 KB, 1100x695, Screenshot from 2018-10-20 11-50-03.png [View same] [iqdb] [saucenao] [google]
11461051

>>11460808
Looks like picrelated, desu

>> No.11461061
File: 37 KB, 365x470, 1522931040185.jpg [View same] [iqdb] [saucenao] [google]
11461061

>>11460921
Stacy will learn that as a successful female investor she needs to diversify her passively managed portfolio. That's when crypto comes into play

>> No.11461063 [DELETED] 

>>11461040
Are you retarded?

>> No.11461069

>>11461012
I agree.

>> No.11461108

>>11461012
>People in 3rd world countries are pretty much forced to speculate
except we don't? buy n hold works great with dollar

>> No.11461304

>>11461108
It works well until it doesn't.
Dollar isn't some magical stable element of the universe, it will crumble eventually like everything else so far.

>> No.11461317

>>11461304
you sound like a soviet boomer: "wooo, the usa is gonna collapse any minute, look at that debt!"

>> No.11461322

>>11461317
kek

>> No.11461374

>>11460921
>Crypto will only receive mass adoption if all fiat currencies collapse together.
Wow, a bit dead inside? You should work on your imagination.

>> No.11461397
File: 114 KB, 640x640, 1527092405791.jpg [View same] [iqdb] [saucenao] [google]
11461397

>>11460808
users is the key word in this case
users only appear when theres a use case, of which crypto has none

>> No.11461416

Not trying to be a cynic.

But 100,000,000s of dollars per year
in the 90s were spent marketing and advertising cell phones. Usually, from successful establish publically traded phone companies

Right now everything is grassroots.

Outside of AOL , the majority of web service providers and cell phone providers were pre-existing institutions keeping everything centralized.