I have a crazy idea: instead of chasing short-term profits based on pump and dump/scamming newbies, how about people actually try to take a long term view and invest/work on/contribute to building up crypto-currencies that can be useful in the real world?
Well you're attempting to fix something which is broke. If we look at overall society with the debt crisis you can make the assumption that people live in the now.
Even in the Apple IPO when several hundred became $Fiat millionaires overnight many had sold instead of hold Now with Apple stock at $500 billion it would had been easy for the early investors (which only numbered a few hundred at the IPO) to be multi-billionaires today. A lot of people who invested were young men and had plenty of time in the world to wait.
I'm unorthodox but the cryptos I happen to buy I intend to hold for 5 to 20 years. When you consider investment gold is $2 trillion, worldwide investments are $37 trillion and there's $400 trillion derivatives - there's going to be a lot of future billionaires on this forum but many people (especially the 'day traders') are probably going to miss out due to fixation on making a quick buck.
Just want to jump in & say, "this is one of the wiser post seen on this thread". Surely quite a few smart minded people who will pass down their long term investment to the next generation, instead of selling out for a quick buck & looking back on a chance of a lifetime missed by lack of patience.
P.S. I'm no better than the next, but young minds do grow wiser in time though.
Lessons of greed are not free.
