I have lived thru this before working and living in SF in 90's for several dot com busts... it was more about becoming an instant millionare than learning and growing ...everyone thought they were a day trader and could do no wrong in what they invested in . Just like BlockChain the Internet was a disruptive technology. However, just like the Internet startup craze of the 90's , 90% of the cryptos will fail.
It wasn't until about 2012 or so in SF that Internet 2.0 took off ... almost 12 years later we started adopting and embracing a digital world.
If your invested because of the philosophical consequences of the potential of what cryptocurrency could be I believe you will be dissapointed. If your invested with a short term view looking to make a quick buck you will be disappointed...
If I were a betting man I believe it will be another 8-12 year play for mass adoption but I don't see it replacing Fiat currency. But in the meantime I would be doing my homework looking at :
- Which blockchain has brand recognition but may not be the best tech as the storage of value (Gold) Crypto Currency. Who's technology may change but the brand name will be the same just like Ethernet . Again technology doesn't always win.
- Which leaders in the space as decentralized application blockchain protocol could co exist ....Hint just like Oracle, Microsoft, Apple it is not just one player.
- Which Exchanges are the next generation banks . Works well with regulators like IRS, does things conseratively, has a strong backing , will make money on transactions regardless of which coins wins.
- Which stable Crypto may complement fiat as the day to day currency for borderless ,nationalness currency.