Something’s definitely wrong in this space, but it’s not a problem with Crypto. Crypto is what it is and doesn’t claim to be more than than that. The problem lies with the people who are the first investors in a new technology. You, your friends. Me. But we are also the hope for something greater.
Why might you ask? Well, let’s look at the truth here.
- This whole market is basically young people trying to get rich quick.
Why doesn’t that work? Well, it’s unrealistic and unachievable with out a lot of luck and it destroys the markets chance at organic growth. I here the words spouted every day around here: “I’ll look to cash out at the end of the year.” Or at best it might be a few years. This is a huge problem, because now the market has suddenly gone from an investment market (early adopters had nothing to believe in except an idea and a long term outlook) backed by an amazing technology to a get rich quick scheme. Once again, unhealthy and totally unrealistic and actually unsafe for new players in the game. And yes, right now this is a game.
- This whole thing is treated like some appstore drug dealing game. Not an investment.
This isn’t buying crack and slinging it for a ten percent profit for some virtual dollars. This is real money with real implications. Right now the ones controlling the market are the big day traders doing exactly the above. Taking their ten percent and walking away. Right now with very little liquidity in the market it is easy for big players to push prices and take profits. For the lamen people in this game you have two options… play the same game, without the capital, or be PATIENT and let the market evolve and come to you.
- Life can be measured in seconds or days, but it can also be measured in years.
The market lead by us young people is one of impatience. Our smartphone lives have lead us into a new age. An age where nearly everything can be had, when we want it, basically instantly. And that’s just life and the way things have evolved, but markets are not driven by instant success. The most profitable people in crypto (in the new world) are the ones that have been the most patient, the ones who fought through crashes in the market and continue to use a level head and see things from a perspective in years and not in days, weeks, or months. HODL isn’t about holding for a year. It’s about holding for years. I’m not saying don’t take profits at levels you’re happy with, but think of the longer term and the potential implications of crytocurrency on a global scale.
- The bear market DOES have an end.
Financial markets have had major turbulence over the years. The closest comparison we can make in crypto is the stock market. The stock market has also seen it’s ups and downs over it’s years, and just like now in crypto, doom and gloom set in, people panicked and sold and someone bought. Each and every time the people in history who bought in the bad times and into good stocks have made solid investments and sound decisions. The people who lost are the ones who saw no end in sight and wanted to take what they had left and walk away. Remember, human’s have survived by fighting through tough times and we will fight through more tough times ahead, and come out the other-side with more prosperity than before. That will happen until it doesn’t and then it really doesn’t matter, because everyone is as poor as the next person.
- We are the visionaries.
As much as we young people might be short sighted in our perspectives, we are also longsighted in our passion for a better world with more opportunity for everyone. It makes me proud to see a community so dedicated to decentralisation and financial freedom. We might not be out walking the streets protesting against corruption, but we are here, investing into a technology that does the protesting for us. We are the first people in modern history to step in a new direction where value and money are controlled by the masses and not subject to the decisions made by one person, be it a president, prime minister or an oil executive. This is a new world we are forging. And new worlds are not easy to craft. It will take time and we will all be rewarded if we succeed in doing what we aim to do. Both financially and holistically. We are brave. We are putting our money where our mouth is. It sure costs a lot more to do what we’re doing than it does to wave a piece of cardboard around and yell out catchy phrases. We are the ones investing in a new world, prepared to lose or win, a modern war without the blood. And I recon that’s pretty neat.