Currently most industries are speculating about token assets that may or may not have value. But the value of the future industry is going to be the business side. In the same way it has become every successful broad industry. The dot com boom, for example, is easy to use. As created by the trillions of original recipients who then put pressure on retail investors who continued to buy into vaporware companies. Hundreds of trillions have been generated over the last two decades. As beautiful as every business and individual person uses technology, products and services every day.
The problem is for people like my friend, what they will see is when it comes to the condition of low yields in Bitcoin and stocks. Then last year’s 1200% profit and ,000 60,000 appears as it should be at the top. The cap is not just a trillion dollars. People think it looks like Apple's equivalent stock, and Bitcoin doesn't even have a product or service. So it probably couldn’t be more valuable than Apple.
For the average person, it's hard to imagine what's going on, and it's hard for even people who have bought a bit of bitcoin with the hype to guess. Although it is more active than buying managed funds for example. I think most people would be quite shocked and confused to see someone like me go “how” every day to participate.
Several of my colleagues read a few articles about when they think they are participating and trying because their price charts are open and where the price can go. Bought a few dips, just imagine if they had seen the daily activity of someone like me? Someone like many of us.
Steemit is simple
Yes, very, very common. Signing up on Facebook or Twitter and then posting is no different. There is no complication in this, when the economic and financial aspect comes in, especially once it comes to earning. I remember about 2 months before posting I finally had the courage to ask how it actually worked here and what I mean by being able to transfer some of these tokens which have some value had most people not accustomed to this thing. But it’s still easy.
Trade
It is somewhat complicated. When I started trading on Polonex (it hasn’t been used in years, never will be again) I was trying to maximize the value of my dollars and for a few weeks. I was trying pretty well, all sorts of crashes. Then I realized. I lost the crypto by maximizing the value of the dollar. So I changed my strategy to the maximum token, without worrying about the price. It worked even better. Yet I realized that I also needed a few dollars to buy the dips. I’ve gotten better over time.
Yet, it is foreign to most average people, as they see their investment being licensed by investment managers to use their money. It is a different thing to do as an individual and comes with different skills and is subject to more rigorous sensitive rollercoaster. Because the up-and-down liability falls on the square on the trader's shoulders, the tokens fall and go up. The projects disappear. Tokens are lost. This is a world in itself.
Project
And then we enter the awkward world of projects and “projects” where no one can really be sure which one is being built. And which one is coming out of the scandal. Still, everyone wants to get up very early and earn this insanity. There are thousands of projects here, thousands of white papers. There are millions of technical details that try to attract investors perfectly to do something important. Most of these are scatterbrains that will never be built and many are just cash grabs. However, you better miss it if you don’t “stay informed”. And if you invest, you better track that sucker like a kid and try to smooth it out before it happens and all your tokens are empty.
DFI
Where do I start this and how in this hell do I mean a nawab who has only heard of bitcoin and thinks it is an extra buy? How you talk through all the considerations, in the difference, where the price comes from, the risk, the necessary wallet and blockchain, fees, tokenics.
This is full time work
All of this takes a lot of work and I know that it takes a lot of effort for those who are truly active and more like me to take part in it every day and of course mistakes happen, bad decisions are made, it takes a punch in the gut but, the show has to go. I do two fulltime jobs in addition to this. I know the effort required, but I think if I sit my friend down for 24 hours so he can see what's going on and what's going on, he'll be scared.
Original value generator
Of course, not everyone has to act like me or many of us. But it’s “us” who are adding value to the TIS industry every day and as individuals we can work very well from it. What we are going to extract is much more than the value we add. I'm not talking about the value of the 4500s, or the trading standards, or the support of the projects I wrote in this post or in this blockchain. I am talking about the values that blend all these activities to create an art. Where people like my friend will be able to use crypto in their daily lives through millions of businesses, platforms, games and everything else that can come. What we are doing as individuals is creating an infrastructure that will become normal in society and disappear to the average person like protocols that serve data on their smartphones.
Every industry had a beginning
Every art created was ours. It’s not the early adopters, these people who make the little details, the building and the trial technology, the flaws, the punches in the stomach (sometimes stay around for years at a time) to gain something for the victory of some people. What we don't recognize is that the gains we're making right now are a fraction of what we've enabled the industry to grow. It will do so for the next few decades. The industrial revolution that began in the mid-1700s is still building values today.
What we do now will be connected to our world and will depend on our global economy after we all die and all our tokens that made us so important and potentially rich. Completely irrelevant. Yet many believe they are two years too late.