I appreciate you sharing all this (genuinely), but you missed my point, which is that most of these will fade away. Having cool tech isn't enough.
Personally, I don't see cryptocurrency ever going back to $0, the technology is better than existing models of centralized banking and middle men. Unless something comes along that disrupts the disruptor, I think it's here to stay for the forseeable future.
I agree, but not enough to put more than a small slice of my net worth in at this point. Fortunately, if it doesn't go to zero, it'll probably 100x or 1000x again, so I'll be fine with just a small slice of my net worth :)
I understand your point of the likelihood of it fading away, but the tech's always being taken more and more serious on an industry level and becomes more robust after every crash. Many of these solve unique problems, even if the majority of the market leaves and cashes out, blockchain still needs oracles (ChainLink), and there is still demand for the others I listed (currency agnostic low fee payment platforms, decentralized lending for 3rd worlders, faster transaction times, etc etc).
Maybe I'm biased because I place more of my portfolio on these, but I have witnessed lot of these alts becoming more and more established everyday and predict this trend continue if industry adoption continues at it's current rate (and there is economic incentive for it to do so).
Personally, I don't see cryptocurrency ever going back to $0, the technology is better than existing models of centralized banking and middle men. Unless something comes along that disrupts the disruptor, I think it's here to stay for the forseeable future.
I agree, but not enough to put more than a small slice of my net worth in at this point. Fortunately, if it doesn't go to zero, it'll probably 100x or 1000x again, so I'll be fine with just a small slice of my net worth :)