Is crypto as a tool to getting rich effectively over?

I wish I was the small girl every day

>implying "the mainstream" even owns 0.001 BTC
>implying "the mainstream" has any money to matter

Go on goy, sell your coins.

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2013 and 2014 didn't receive even 0.1% of the maintream attention this year this year did.

Literally every news source was talking about Bitcoin and crypto is Dec 2017, and even the most tech illiterate grandma has now heard of it, and the subsequent crash.

Yup crypto is worse than stocks now.

Fight back. FUCKING FIGHT BACK!

imagine eating those delicious assholes out.

Crypto literally hasn't even mooned. It has gone through increasingly large speculative pumps, but the barriers to entry are still way too high for it to have mooned properly yet.

Think about what the retarded normie end user needs, in terms of ease of access, for them to really get involved. Consider something like a complete multi coin wallet where you can hold any crypto, and you access it by either scanning your fingerprint on your phone, or scanning your face on your webcam, or saying a phrase (basically a verbal captcha). All of this biometric ID technology is basically here already. The easier it is to ID someone and link them to a wallet, the lower the barriers to entry are and the harder scamming becomes. Crypto oldfags will complain about handing over their entire self for ID purposes, but normies don't give a fuck about that shit and you know they don't.

When crypto really moons the average user will need almost zero knowledge of private keys, blockchains, smart contracts etc. All they will see is a bunch of really user friendly, very nice UI apps, that let them do shit they've never been able to do before. Like pool their money together with other people to offer loans to third parties, or take out insurance for their community alone, or take out insurance that automatically pays out if a seismic event happens within x miles of their house. And those are just the early examples. Just like with the internet, it's too early to actually see what the killer apps will be at this point.

We are all early adopters because we dig through a mire of user unfriendly bullshit to speculate on a young market that doesn't even have 5 broadly adopted, working products that actually interface with the outside world. 99% of current working products just streamline something within the crypto ecosystem. This is why trustlessly bridging crypto and the real world is the biggest next step in crypto.

none of that can work with limited supply on coins and the speculative nature of crypto. Adoption wont solve this, it will still be highly volatile thus risky thus never will be used as money, not for buying, not for lending, not for anything

>never will be used as money, not for buying, not for lending
ok
>not for anything
you what now?

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That's why currency cryptos are basically a meme, especially as a speculative vehicle. But currency cryptos are basically a footnote in the story of crypto anyway. The most use they might get is that you use a feeless one to send money overseas, assuming the UX is super easy and fast. They'll never be a big part of the story though.

ok, its use will be same as now, buy to dump on other faggots. Happy now?

>none of that can work with limited supply on coins

So what you're saying is I should go all in on doge?
Thanks just bought 100k

tether with enough liquidity is probably the only actually useful coin out there, and i can see countries currencies moving to blockchain in the future. Public ledger? tax man pipe dream

I disagree with those points,
Mainstream knowledge seems to ebb and flow
In December and January and even February people knew about blockchain technology and Bitcoin because they had heard about it lately on the news but now awareness of it is fading once again and it just feels like it did back in 2016 even
There's a little bit of knowledge and a little bit of news coverage, and a few companies use blockchain as a buzzword, but overall it's the same as it was before the big pump

Wait for the next halvening in 2020-2021
Then we're gonna see some serious shit

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increasing supply with increasing adoption should keep price stable. That way you may actually be able to price stuff in crypto without comparing to USD values, which was the whole point of cryptocurrencies right? alternative money? not pegged to fiat?
So in the current crypto paradigm, you go buy a car with btc: uh sir, today btc is $38000 so your car is 0.2 btc.
Imagine dollar disappears or goes to zero. How do you price that car?

dollar wont disppear will just get revalued to shit. Best case scenario for btc is that government goes full retard and turns into venezuela 2.0 and people need something to quicky take their asset abroad

This is Metal . I will only say this once. Be warned when normies storm in. FDIC insured and completely legal crypto company in US. bags r full. good luck anons

say its revalued to shit, hyperinflation kicks in and people fly to btc. Then btc goes to millions, but millions now is worth shit so whats the real price of btc?
>to quickly take their asset abroad
ok so you moved your wealth to some crypto haven and you need to buy stuff or pay bills. You cash in.. usd? cny? eur? whats the price? how much btc is that bill? 0.01? 0.05? 0.1? see with no relation to fiat you cant price stuff in btc, so how is it supposed to be an alternative to fiat?
Now if btc had unlimited supply and a constant inflation you could price stuff in btc without comparing to fiat, given enough adoption.

Radix

This is link brainlet

problem is bitcoin or crypto at the moment isnt really solving any real issue. You also have to remember blockchain =/= crypto but blockchain can solve real issues just not crypto currencies yet. Yes yes its still earlier.

The difference between crypto and gold is that gold at least you can use it for industrial purposes from shielding to nano particles etc you can really do anything with crypto that you cannot do with fiat money.

But crypto is in the stage where the internet was during the dialup bullitin board era. You didnt really need it but it was cool and only when more and more people used it then it became mainstream and sosphited enough for soccer moms to use. WE HAVENT GOTTEN TO THE SOCCERMOM STAGE.

you know how hard it for a normie to setup a node, people have a hard enough time attaching files to emails much less setup up nodes

I dunno there mang, coinbase has made this pretty user friendly already.

>download app
>hit buy now (phone fills in credit card details automatically)
>done

They dont need to know anything about private keys or anything.

No but you'll have to wait another few years until 2020 or so (whenever the next BTC halving date is) until the sentiment resets for another run.

feet

god i would love to sniff their feet and suck on their toes