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RE: Some thoughts on bitcoin/steemit/crypto.
What STEEM has going for it is real use. Steemit.com is closing in on Medium.com. The market cap of STEEM is close to the implied market cap of Medium.com .
What more do I need to say?
Well said in regards to the real use part! Heh. I agree and I can say that and so many other amazing things but some people still seem so addicted to their Facebooks and other social media that doesn't pay them.
It truly is a sort of fascinating phenomena, I liken it to how older folks often have trouble learning how to use computers and stuff like that, like my mom for example can't handle using computers.. I think perhaps there's something similar with a lot of these people where they can't try out a new technology until like it has become mainstream.. And by that time, you can't make the incredible early adopter gains anymore.. So.. Yeah.. I have a feeling I'll be seeing a lot of them over here eventually! Unfortunately they won't have made as much money because they waited until it became "socially accepted and the norm".
PS.. I'm not really familiar with medium.com I'll have to look into it and see what kinda site it is and such!
Yep: that's why the gains from becoming an early adopter are so spectacular. There's a psychological barrier to entry that most can't overcome.
Back in 2015, I dropped to my dad that I had put a "little' money into cryptocurrency. He got agitated, so worried he was that I was being scammed.
And yet, at the close of 2017, he was asking me to explain Bitcoin to some of his friends.