Cryptocurrency is a "new" thing right ? Well maybe not to you and me but to a lot of people it is and with something being new there are a couple of main types of fears that coincide with new things.
The first is the fear of the unknown. Noone knows what the future holds especially with this magical internet money everyone is talking about. It could crash suddenly and you're left holding the bag. It could get outlawed by governments and then you'll be in trouble. You don't know what the solutions to these algorithms really are. These are just a few of the responses I get from people that have to give their insight when they hear me bring up the subject with someone else.
The second major fear that I run into a lot of the time is the fear of missing out FOMO. People are so enthralled with the idea of the next 10x or 50x play that they get in such a hurry to just jump in with no regard to research or learning. I'm sure there are those that have made a fair deal of money jumping in blindly. I'm also sure there are people that have lost everything doing the same thing. To me jumping in blindly is a fool's errand. There are many many more people that have made tons of money with a little due diligence and patience.
All of that being said I move on to the reason for this post. I brought up the idea to a few of my coworkers that we could start up a small mining farm together. This idea was met with both of the above mentioned types of fear. After tons of group chats,links to videos, forums, excel parts/price lists it look like things were about to get rolling. Then all of a sudden BTC corrected and everyone was out even the FOMO crowd. Mind you this is after I already explained about market corrections being a thing and cryptocurrency being at the very least a mid term swing traders game not day trading. NOPE everyone was still out or at least the topic was dead in our discussions and real estate was now on the table. I respect that everyone has the responsibility to make their own financial decisions, the only thing that chaps my hide is that I spent so much energy trying to help bring everyone into the fold and for it all to fizzle out when I could've just went it alone from the jump and shown the results later.
So here I am on the road less travelled. Less travelled does not necessarily mean it's a road not worth traveling. This particular road is less travelled because it's a new interstate and everyone is still used to route 66. Eventually just like in the past the interstates will take most of the traffic from those old scenic routes. This is not to say those routes won't still exist and be perfectly suitable for some, they just won't be the most used. Until then I'll keep on trucking on the road less travelled with my fellow steemians and cryptocurrency nuts.
As always if you made it this far ( in this blog post and in life) you're awesome...stay that way.
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Good read. Honestly, the people who opted out weren't thinking long term anyway. They probably just saw the short term money that was possible to gain. If we ever see cryptocurrency increasing by a tenfold, that's when those co-workers of yours will get back to you and regret their previous decision. And I'm pretty confident that it will increase by a large sum.
Thanks @sizuru I'm confident as well. Early adopters that stick with it will be well rewarded later on. Thanks for checking out my post.