There are good people behind unimaginable developments right now. This chart does not represent that aspect of the industry.
I rode the wave, and it was fun. But in my experience of opening wallets and bases and the volatility and THE FEES!!! Dear lord...the fees. Adaptation will be near impossible (and in order for these business models to succeed, my mother in law must be able to use it). The complexities behind some of these ideas are far to great for there to be a sudden worldwide acceptance. The bell curve of artificial intelligence comes to mind (euphoric stage). I don't care how much money is being poured into this - I, as a human, am not an institution. Institutions are pouring institutional money into areas where tadpoles are open to invest in. This could be the most wildly successful industry in the history of mankind, but I call DANGER! DANGER! DANGER!
For the tadpoles, this is a "hobby" that basically plays right into bi-polar tendencies in order for it to stay afloat. As legitimate as everything very well may be, paired with well intended people, bad ones come around, too. Make a great enough experience for certain people while they are researching the firm to invest in, and the right people will be sold on a ghost of a product. With no regulatory oversight, we are in I call a "zero gravity risk zone". There is NO certainty for the average investor.
It's possible, from my personal experience with all of this, I will look back and see that certain businesses, with all their intelligently collected data, took advantage of behavioral patterns and turned a profit. Although it may appear we have free will, we are a slave to our tendencies, and that's a business being exploited in a huge way right now. Regulatory risk is larger than Bitcoin , I'm sorry.
The other side of me is rooting for crypto because it would be amazing to reduce these moat size gaps between what blockchain/crypto is capable of, and ease of use. I also kept a little crypto on the side. I can't help it, I trade both ways ;)
Hmm. Buying crypto on Voyager is so easy your grandma could do it! Plus they insure up to 250k of deposits 😀
nesucks04
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@Nsighdjob, this man uses the right app thats for sure
EvolveWM
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@Nsighdjob, I said my mother in law ;) Nevertheless, the hype in prices today have more to do with institutional investing in the rookie infrastructure. At best, this is like Lucent Technologies laying fiber optic cables everywhere across America, crossing their fingers the new infrastructure would be used while preaching to their death that their stock prices were justified. I certainly agree a number of these companies have the potential to go the distance. But the crosswinds of energy consumption and regulatory risk, and I still the the adaption of the masses will take much longer than this rally.