Topic: How to identify next bitcoin or FANG - page 2. (Read 276 times)

As you may guess it is not easy to identify what the next big thing is going to be, Marc Cuban, a famous investor due to the show in which he appears investing in all kind of projects had the opportunity to invest in Uber at an early stage and he refused, a decision that he regrets, and you can find similar stories in all fields, Queen the famous and iconic music band was rejected by all record labels, the same is true for Metallica, then identifying the next big thing has always be a challenge.

Main error is that people are looking for it to be something similar. Eth wasn't another bitcoin even if it's considered a cryptocurrency. Facebook didn't try to next next anything, Mark Zuckerberg just build facebook because there was demand for it. Don't try to look for next anything, you'll be looking from a wrong place. Innovators create something completely new, not +1 or second something. That's how you recognize potential new breaktroughs.

The inception of bitcoin is on a cryptography mailing list, a low-noise platform, where only ultra-specific niche people gather around. Bitcoin initialize the cryptocurrencies ecosystem and note that Bitcoin was created after a historical similar-system creation attempt and research, dated back from 1980.

It is extremely hard to find what is the next big thing, especially in an ecosystem that is currently filled with worthless or scam coins/tokens. The idea that we could separate the wheat from the chaff seems very unlikely. Nevertheless, I suggest you should trace back to what bitcoin is all about and how big its current potency is, I believe there is still opportunity left to get.

It can be difficult to identify revolutionary ideas in their early stages, as they often face skepticism and may not gain widespread recognition until they have proven themselves. That being said, there are a few things you can do to increase your chances of identifying and getting involved in revolutionary ideas:

Stay informed about emerging technologies and trends in your field of interest. Reading industry news, attending conferences, and networking with others in your field can help you stay up-to-date on new developments.

Be open to new ideas, even if they seem unconventional or outside of your comfort zone. Some of the most successful innovations were initially met with skepticism or disbelief.

Consider investing in startups or small companies that are working on innovative projects. While there is always a risk involved in investing, supporting a company in its early stages can give you the opportunity to get in on the ground floor of a potentially revolutionary idea.

Look for opportunities to collaborate with others who are working on innovative projects. This can give you the chance to contribute your own ideas and expertise, and to learn from others who are tackling similar challenges.

Ultimately, there is no surefire way to identify revolutionary ideas, and it is often the case that these ideas come from unexpected sources. The key is to stay open to new possibilities and be willing to take risks in order to pursue your passions and interests.

You have to do a very deep research, be very imaginative and have insider information about the future of the project.

We hear about new stores every day.  Yet none of us ever thinks the small new lollipop store that just opened up will become the largest candy store in the world.  When Bitcoin was small and unknown, nobody wanted it.  Nobody thought it really can not be stopped and eventually becomes really scarce and demanded.

Electric cars also existed a very long time ago.  They were just not demanded enough to start creating Tesla's and other Electric Vehicles.

Nobody knew electric cars will be demanded at some point.  Otherwise every body bought EV stocks long before they became demanded.  But they are now demanded more than ever because of global warming.  Everyone heard about global warming but nobody thought it would eventually cause a huge demand for solar panels and EV's.  Because everyone had other priorities at the time.  They did not think of what will be successful when global warming becomes a global priority.

Netflix tried to solve an issue.  So did Amazon.  So did Facebook and Twitter.  They are solutions their founders found to problems of the future.  The comfort of staying at home and watching movies instead of going to the cinema.  The comfort of sitting in bed and Amazon delivery truck driver calling you to let you know your parcel has been left at the door.  Et cetera.

So be imaginary.  Envision the future and see what solutions you can find to the problems we are about to endure that are still not demanded yet.  To me, a big issue of the future will be Privacy.  So I truly believe there will be a huge demand for Privacy solutions in the future.  They are not demanded today.  They are blamed and disregarded.  But this is my vision.  It does not mean I am right.  Maybe this will not come true.  It is never a guarantee.  But maybe you can envision the future more accurately than I can.  So give it a try and see.

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Regards,
PrivacyG

If it was easy, then everyone would've invested early then they'd be high valuation very early on. What makes then such phenomenal investments is the fact that they're very hard to find; because all of them are kinda crap at very early stages.

Many of us didn't take Bitcoin seriously at the time of its inception. But the fact that you once did not grab fortune by the tail does not mean that another one will be created for you. At least until there was nothing like it, many projects are created, and even more are ruined or turn out to be frauds, so don't be dumb a second time. Learn about bitcoin and hope to get lucky with it. It may be worth hoping that someday you will meet a truck with gifts, but today you don’t need to sit around waiting for a miracle. Learning is useful at any age.

its hard to predict the future, but anything thats:
novel(new)
disrupts/changes an industry
creates a whole new industry
sustainable
solves a problem

is sure to 'strike it rich'

however its not a sure thing..
of the consumer web companies of fang (facebook,amazon,netflix,google)

amazon vs ebay
google vs yahoo
netflix vs youtube
facebook vs myspace

trying to bet on a winner is not so easy at the beginnings
EG
FANG could have ended up as YEMY

because out of the 4 the only one that was a 'first mover' that remained was amazon
yep yahoo dominated search before google
yep youtube dominated video streaming before netflix
yep myspace dominated social media before facebook

before these web social/consumer industry was the hardware
ibm, apple mac HP
many were betting on HP

and after FANG was the financial
paypal, venmo, crypto
many were betting on paypal

the next industry i feel is the household utilities
energy, water, transport
tesla is trying to take on 2 of the 3 industries so far but i bet tesla has plans for the desalination/water utility soon too... but will tesla survive against its competitors.. who knows

I was first heard of bitcoin in 2018 when I was earning some small money from PTC sites and I seen a option of withdraw through bitcoin and i thought what is this bitcoin and not studied about bitcoin I  thought it is also a payment system of other country I missed it at that time when btc was so cheap , I today regret it not researching abut it ,
my question is i missed bitcoin and many people missed FANG and more big earning opportunities.
how anyone can identify it is a revolutionary idea at it's initial stage .
today also some people with big unique idea trying to make a revolutionary product at any corner of world how we can find these peoples
they also discuss about idea and working together like satoshi