Just like that bitcoin captivates the attention of most on planet earth. With zombie apocalypse like scenes they flood the cryptocurrency world trying to convert from fiat into this new internet gold.
The digital currency system, not quiet ready for the task of mass transactions , is overwhelmed by the new wave of speculators. Each claimant looking to bury the stake, work their plot, and become mother fucking rich...
Have people gotten rich off bitcoin? Yes, will you? Maybe, but more than likely not. Why do you day this Josh?
Because it’s true. If bitcoin/altcoin/Ethereum/ etc draw your interest because you want to become a millionaire than you’ve got the wrong idea about what this whole internet ecosystem is all about- and for this reason you will fail at your end goal. If you hope to turn fiat into digital currency that rides a high wave to the sun converting back to fiat after— you missed the point.
A decentralized, digital, internet-currency backed by blockchain technology and secured by cryptographic algorithms is the point. This is the hope. In reality those looking to this technology as a means decentralize the power structure are the ones who will realize wealth.
The truth is someday fiat will go belly up because the “adults” in the room are too busy drawing ideological and political barriers to devout any attention to consensus guided governance and sound fiscal policy. Wealth will be realized when all those pump and dump operators find they can no longer access bitcoin because their fiat currency was the real bubble ready to pop.