We are in the AOL CD days of Crypto

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We are in the AOL CD days of Crypto

I've seen lots of posts about people asking if they are too late and many people responding with "you're still early". I've also seen many people saying that "the price is so high, how can it go any higher"?

I've been thinking about this a lot lately, especially as my friends and relatives start to ask me about crypto. The first thing I say, is if you're interested in making some money over the next year, I cannot help you because I don't want to be responsible for your losses (or you gains). But if they are looking for long-term investment advice and want to play with money you can afford to loose, I'm willing to chat.

The first thing I say and don't try to equate crypto to stocks. It's far more volatile, far less options to choose from, more challenging to buy, and less well-understood by most.

The next thing is that they should look at crypto not as companies, but as a technology. A good analogy that seems to get it to click for people is comparing crypto to the internet as a whole. In the 1990s, people were just starting to get the internet in their homes. Most used it for email and maybe checking the news or weather. It was slow and sometimes a pain to use. Many people did not understand what it would become in today's world.

I think crypto right now is the internet in 90s. Most of those internet companies from back in the day are no longer around, but the internet as a whole is bigger and better integrated into everyone's lives. This is crypto's trajectory in my eyes. Many of today's coins will be worthless, but the space will grow and become more mainstream, even if it's only behind the scenes.

Comparing crypto, to the internet, I'd say we are in the early days of AOL sending CDs out to everyone, hoping that a few free hours of being connected would help convince people they needed to be online full time.

I'd love to hear everyone's thoughts on the internet analogy and where along that timeline they think we are.

submitted by /u/Routine_Elk_7421
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