As much as I understand your sentiment, you are missing the fact that blockchain has progressed. One specific chain is able for the administrator to pick what data they want public and what they want private. Not only that but they are integrating oracles to be able to sell that data discreetly and safely off-chain to other businesses who need it.
And again, there are good arguments for needing coins or not needing coins integrated with the ledger.
But yeah sure, lets get to the moon and then pluto before anything.
You've said you haven't gotten rich off of it. (neither have i). Not sure what is the definition of rich though. I don't think you really need much as long as you can write off lambos and this bullshit that everyone seems to be thriving for. Luxury is the last on the list.
But the mistake i've made was i invested in things i wanted, in things i liked and i expected a nice long term growth. And god damn was i wrong. The level of retardness we have in these markets is unimaginable.
For example i hated Ripple because i thought it doesn't make any sense and many other coins. Yet, they pumped you could make so much money with them, more than anywhere else.
Reasons why Ripple was hyped so much was due to the fact they probaby have(like any other big company) marketing/public relations team that will reach out to the media, be someone media can reach. There is no "ceo" of Bitcoin to do the same thing. They seem like a reputable company, they have partnerships with big banks(you are more likely to recommend something to a friend if it's backed by something reputable, such as biggest banks). On top of that it was "cheap". There we go. Recipe for the biggest pump in the history.
The summary of what was happening this January (
https://www.instagram.com/p/BepK5B7l5be/ )
It's a great video. Explains why "HODL" is fucking stupid(unless you got in very early and are already just chilling) in this overflow of this uber-dumb money. I'm sorry to say but people are fucking naive and retarded, give them a binance account and it's a tragedy waiting to happen.
There were opportunities of a lifetime a couple of months ago when you could've bought early and hodl onto and get such returns you'd be taken care of for life.
I've been waiting on the sides and bought just a littlle and wanted to accumulate because i expected it to go x10 in a year but then shit started to pump so fast and i was like "too late" and it goes x50 in 3months... Frustrating, depressing... it's hard.
The technology is great and all, but i'm there to make money.
Don't get me wrong,I'm also a fan of the technology, i think it's the best invention in the modern society. It wouldn't have been possible without the internet, but it's much more powerful than the internet. The potential is unimaginable.
Right now the greatest talent on the world is working for biggest tech giants on optimizing technology and finding best ways how to addict people to keep scrolling on their social media platform, how to display the best ads and how to make the most money out of you. You are the product and it's ruining people.
Till now there was no alternative, you'd go where salary was the highest, yet now there is an opportunity where you can actually have a positive impact on the society and also benefit off of it. What if people were working for the benefit of the society?
I don't know if this is sustainable and whether it will actually work, but damn i have high hopes.
I do believe the market will mature at some point, i'm not sure we are there yet. Right now my goal is to make money. I mean fuck you need to free yourself first, then you can work on whatever it is you like.
I don't know what's the best strategy though and there seems to be a very handful of people who are really into this thing. The majority is just trying to find easy pick and get rich, not even knowing what is it all about.
Although even that i think is great, i mean creating value out of nothing and it sure has helped a lot of people and will change the world for the better. Shift of wealth to the new generation as crypto continues to grow and it becomes a mandatory(but small) part of big portfolios. If not for else, than as a uncorrelated asset and a hedge.
