18% of students own crypto

>18% of students own crypto
>95% of that 18% was $20 worth for a laugh on coinbase in december

Yep, one in five college students are going to "make it" by holding imaginary coins. That's how the world works. You're definitely not just a delusional late adopter. Everyone is going to get rich by clicking a few buttons on their computer.

>the money to be made, has already been made.
i disagree.

what did i just say? 1M btc is 50x from the peak. the high growth phase of crypto is well and truly over

maybe i didn't make it clear enough, i already got in early, i've already got 8 figures worth of this shit, if these pice predictions late adopters keep spouting come true i'll be a fucking billionaire. but that's entirely missing the point, most of the growth has already happened.

this. college students are poor and their experience with crypto only made them poorer

>idiot thinks poor college students have more than 1k invested in crypto

You're absolutely delusional if you think that anyone will get rich from crypto anymore. Otherwise you honestly believe that everyone and their grandma will be rich in a few years. lmfao

i think we're going to absolutely need that if we expect to see even a fraction of the growth previously seen. right now the shitcoin churn is so high crypto has gone from being a guaranteed win to a guaranteed loss for most people.

when their greed runs out and they lose all their money betting on shit like chainlink maybe we can progress.

hyperbole, but i'd say for the average shitcoin gamber today that holds very true. there are no longer any sure bets in crypto that haven't already seed the vast majority of their gains already, we're looking at mid to low 2 figure multiples from here on out, even in the best case scenarios.

think of it like Jow Forums. 90% of the people here own crypto, but the vast majority of them are sitting on a $300 stack of LINK, REQ, and HOLO. no, they aren't going to make it.

the LINK ones will make a good chunk tho

late adopters got caught up in the hype, but failed to recognize that crypto is no different from any other investment out there. 0.01% make huge gains, 0.1% get rich, 10% make a mediocre profit, and everybody else is left holding the bag.

and slash those percentages in half for every year since 2015

really isn't the same. the average normie isn't going to fire up robinhood and buy $10k in options on moviepass. they are going to invest in some boring normal index or stock and get average returns. with cryptos poor people on Jow Forums only buy the cheapest coins because that's all they can afford and 99% of those are scams, and like the fomo late adopters with bitcoin they never sell at the top of the pump.

sure, its much easier to lose money betting on a bunch of random altcoins, but its the fact that early adopters did so well in such a short period of time has all of them thinking history is going to keep repeating itself. every time it has repeated itself so far, it's been a smaller bump each time for actual cryptocurrencies, and the set of random alts that pump and dump change every time, turning it into a complete gamble

No this isn't real

True

people with 100k+ LINK will probably make it, maybe 2-3 years. Ofc "making it" now is much more difficult, but there's nothing wrong with throwing some money into crypto projects that you believe in and had dedicated time into researching. Either it does well or goes to 0 its all a risk and always has been..

>what did i just say? 1M btc is 50x from the peak. the high growth phase of crypto is well and truly over
you think 50x is bad? I got like 55x ath and I got into crypto in 2013.

This

I'm sure the vast majority were referred by a friend and only got a small amount. If I remember correctly Coinbase offers a small incentive for invitations. Also the 18% figure refers to those who "own, or have owned" crypto, so 90% are likely brainlet bottom sellers who gave up and never looked back.

I gave a few friends some crypto over the years. All less than $10 at the time, but nonetheless they "owned cryptocurrency" despite the fact that they knew nothing about it, the history behind it, nor its potential implications for the world.

One of these friends proceeded to lose ~0.2 BTC on a paper wallet, and one used it to buy something at the bottom of 2014/15. Both always regret it but never bought into crypto again.

Attached: 1533505879866.jpg (250x162, 5K)

yeah cuz everyone knows how loaded students are. prob got like a hundred bucks in on average.

>imblyign they have something outside of top 10-15
>imblyign they have more than 500 normiebux in it
other than that i agree

yes. they are late. they also hold shit like litecoins. lol.

and they are poorfaggots with likes than 10k invested.

Next bullrun is 2 eyars away, they will be shaken out by then or not accumulate

>the money to be made, has already been made.

>250 billion is the highest market cap we'll ever hit

Attached: luna2.jpg (477x407, 51K)

> he thinks that crypto is mainstream when we haven't even seen the first generation of functional dapps being widely used yet

Attached: 1532368695350.jpg (916x910, 66K)

Imagine how salty normies are going to be in a few years when Bitcoin goes to 100k+ and they all start recalling the time they bought some at 10/15/20k but then panic sold

see your another fucking retard. it doesnt have to work for it to be mainstream. its mainstream because so many people already own and bought it.

>unironically shitting on 50x

>vast majority of wallets are under $100
>students are notoriously poor
They're just in it for the hope their $20 can become $1000. You can get rich but you need to be investing more than peasants.

Attached: serveimage?url=http:%2F%2Fwww2.nau.edu%2Flrm22%2Fnewhome%2Fimages%2Ftechnology_adoption2.png&sp= (1500x680, 46K)

sophomore here, 40k folio , ath 200k not all of us in college are poor

no, i think it just proves my point that high growth crypto is long in the past when people get excited about growth that was seen every few months several years ago.

nobody is getting rich from crypto unless they want to gamble on shitcoins these days.

>crypto
>dapps
two entirely different world. bitcoin is completely mainstream, and has been for years now. smart contracts we don't even know if they're going to be worthwhile, we still haven't found a decentralized solution for getting trustless data into blockchain to make them useful (chainlink is useless despite what bagholders will tell you).

>high growth crypto is long in the past
did i miss the news that human greed was cured recently

be honest, how new to shitcoins are you?

>smart contracts we don't even know if they're going to be worthwhile, we still haven't found a decentralized solution for getting >trustless data into blockchain to make them useful (chainlink is useless despite what bagholders will tell you).

I hold LINK and think its a bit over hyped, probably won't become the standard decentralized oracle (still an interesting project), but anyways can you elaborate here? just curious on your opinion.

when my smart contract insurance company puts your boomer insurance company out of business that is when you will know we are mainstream motherfucker

Cringe

>the growth potential in here-to-stay crypto like bitcoin is mediocre
agree
>and ethereum
no
ethereum is going to moon above 1T market cap after full PoS.

Yeah, and most of those 18% are newfags that bought $50 worth of XRP in January. I know a ton of them. They aren't in crypto in the sense that they know anything about it or actively trade.

this doesnt even make sense. insurance on le blockchain is retarded and doesnt solve any problems. you still need the intermediary.

>5x
>moon
this is what the other user was getting at. you know eth used to be $0.10?? 5x is nothing. shit like that has been happening to bluechip stocks for the past few years

5x? 1T is 33x

most people dont own crypto or dont own a significant amount of it
its not too late at all

oh yeh your right. idk what i was thinking of

>implying they ever will

>its mainstream because so many people already own and bought it

ITT people ACTUALLY believe crypto is mainstream.

>According to a Wells Fargo/Gallup poll, just 2% of investors say they currently own bitcoin, and less than 1% plan to buy it in the near future.

news.gallup.com/poll/238016/investors-not-biting-bitcoin-intrigued.aspx

2% = clearly mainstream, hahaha my fucking sides man. Knowing/talking about bitcoin is NOT the same thing as buying/owning it. How is it even possible to be as retarded as some of you guys are? It's incredible. Have you guys had your IQ checked? Sure, you get a higher number when you pick the population that is literally the most tech savvy and has the highest amount of adoption possible. There are literally blockchain courses in universities now, of course they have the most adopters there too. But when you actually look at all age groups you get a totally different number. There's practically no fucking adoption at all and there propably NEVER WILL BE.

Attached: rogers-bell.jpg (595x332, 38K)

There's also no reason anymore for anyone to buy in. Everyone has seen how many people have lost their investments in a matter of months, if not weeks. Nobody is that stupid anymore to buy in now.