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/biz/ - Business & Finance

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12136367 No.12136367 [Reply] [Original]

Axiom of investing: the more people know about something, the less likely you'll be rich quick from investing in it.

The days of getting rich from bitcoins are over. Hundreds of millions of people know about it now. Countless forums and news have been erected for bitcoins. This axiom has been one hundred percent flawless for everything from Amazon to Bitcoin. We are all late adopters now.

Prove me wrong.

>> No.12136375

No you.
Prove me right.

>> No.12136378

hmm because nobody knew about apple the last 40 years right.. and who heard of amazon until 2017

>> No.12136382

>>12136367
Except the idea of buying Bitcoins to get rich quick is dead now thanks to the drop from 20k to 3k.

>> No.12136389

>>12136382
No. You are incorrect.

That idea is yet again alive.

>> No.12136400

>>12136389
Not in the mind of normies.

>> No.12136426

Yup. That’s why it’s unironically more likely for you to get rich off some low market cap ICO scam than Bitcoin. Bitcoin can at most do a 10-50x in our lifetimes, which isn’t much different than just investing in the S&P 500.

>> No.12136434

>>12136378
It's over, son. When you have this many idorts (on biz for example) knowing about it, the ship has sailed.

>> No.12136480

>>12136434
>biz is an accurate representation of the general population

nah, mention bitcoin to most people and they'll either say "yeah, I know a guy who got rich from it", "I heard about it in the news" or some shit like that. The vast majority of people have never bought actual buttcorns

>> No.12136509
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12136509

>>12136480
>actual

>> No.12136513

>>12136480
most people don't even have a clue how to buy them.

some people at my fren's work are giving money to my fren to buy them for them cause they don't have a clue how any of it works.

>> No.12136517

>>12136367
Nobody knows about chainlink, hehe...

>> No.12136533

There is a coin that is below 5m now but will have big marketing in 2019 so that every normie will know it. Even bizlets will know it too late...

>> No.12136569
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12136569

>>12136367
This logic is so fucking flawed you proved yourself wrong by saying we are late adopters lmao. You really are a brainlet. Crypto is so fucking far from mainstream it's not even funny. There are millions of boomers, zoomers, and doomers who haven't even dabbled slightly in crypto yet. Just wait until it really starts to become mainstream and the real normie money floods into crypto.

>> No.12136576

>>12136569
cope

>> No.12136585
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12136585

>>12136367

> No one knows about Schrodinger Coin
> Therefore you will get rich if you go all in.

/biz/ logic

>> No.12136590

Nobody has a fucking clue about smart contracts and its usecases yet. Invest accordingly.

>> No.12136599

>>12136585
Thanks, bought 1

>> No.12136600
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12136600

>>12136576
Ironically seeing threads like this also make me think we have entered the despair stage of the trend. Next stage is the climb back up and bull market.

>> No.12136607

>>12136576
This guy is gonna FOMO

>> No.12136618

>>12136599

Excellent, with a population of 100 billion, all I need is one person to spend $10 to buy one coin, and I'll be a trillionaire

>> No.12136645

>>12136600
it's like the threads when BTC was around $20k but opposite. bull run 2019 confirmed

>> No.12136678
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12136678

People might know about Bitcoin, but very few people actually understand it. Understanding is a requirement to keep hodling through the bull and bear market cycles. The amount of hodlers is small relative to the population, but each cycle increases the amount.
Bitcoin is now halfway between a collectible and universaly recognized Store of Value. Therefore current hodlers are early adopters.

There, I proved you wrong OP.

>> No.12136773

>>12136367
You're right with your first statement, but wrong with your second statement. We're just scratching the surface of mainstream acknowledgement of crypto.