We are still so early. If you buy crypto now, you are an early investor. Everyone in the community will tell you this. However, this is not necessarily the case. Back in 2013/2014 only the rarest of dinner parties would breathe a word on crypto. This time around everyone is talking about bitcoin and blockchain. Whether or not you think crypto is a great investment now, you have got to realize you are not an early investor.
All decentralized systems are more secure than centralized ones. However,decentralization comes at the expense of scalability. The lightning network is not that different from centralization on the blockchain. Definitely a semi-decentralized network owned by numerous very large parties (for example a blockchain run by Apple, Amazon, Goldman Sachs, Siemens and Petrochina) is more robust or at least similarly trustworthy as a fully decentralized one.
Crypto will put banks out of business and they hate the blockchain. Surprisingly, on the contrary, banks love the blockchain. Large global banks will co-host organized semi-centralized blockchain to settle asset transfers. This blockchain is owned by the banks and run by them. It will help them save enormous amounts of settlement costs, providing instant settlement of asset transfers. It will also help banks further by getting rid of clearing houses. Banks will be happy to trade anything their customers want to trade. They won’t be fighting bitcoin if they can make money off it. Banks will not go out of business due to bitcoin. They will take the technology and profit massively off it.
Crypto “OGs” got rich from HODLing because people who invested in bitcoin and even altcoins earlier than 2017 got rich (on paper) from holding onto their investments. However, that does not make them better investors nor does it mean that if you copy that approach today, you will succeed just like them. Anyone who invested prior to 2017 was investing at a time when people did not talk about bitcoin everywhere you go. Also, many of these “OGs” (though clearly not all) actually have an active interest in the technology and simply saw a big potential probably not even caring too much about the financial gain.
Crypto is a scarce asset, unlike fiat, which is hyper-inflated. Bitcoin forks have already escalated to 210m. However, bitcoin forks are not the same as bitcoin. Inflation currently lives on the blockchain. Fiat is just a spectator.
There are buyers secretly accumulating bitcoin OTC, paying big premiums and keeping spot prices artificially low. This is highly unlikely because there are strict rules as to where institutions can put their clients’ money. Liquidity in crypto and bitcoin, is wafer thin when it comes to institutional money requirements. If at all, institutional buyers will ask for a liquidity DISCOUNT, none will be paying a premium. Also, at this point, 99% of all ICOs have been illegal security sales. Furthermore, spoofing and wash trading are obvious and omnipresent in bitcoin. You cannot expect institutions to truly pick up the asset class until regulations are clear and enforced. With most ICOs and altcoins these days you get an uncertain claim on some future network value and no security-like rights. If you do not have these kind of rights, you would never invest. It is also unfounded that spot prices are being kept artificially low.