i actually used to like the hamster wheel. until i learned how much money people were making on crypto. now i dont like the hamster wheel...
crypto is a legit information hazard that threatens to completely demoralize the actually productive hamsters in the economy. if everyone knew they could've made more money in a year than their entire career, they'd give up working forever.
You could have invested in any big tech company, and arrived in the same place.
It puzzles me how people see 10x-100x’ing their money on crypto as gods gift to humanity and a stroke of brilliance, but making the same amount by investing in NVDA seem like just another lucky stock pick.
If anything, there will always be the next FAANG startup, that will make one fabulously rich.
Not that that crypto was a sure thing, for a long, long time. Everything that hyped it up in the start, are more or less dead now. It has been collectively decided that coins like BTC have little practical value, outside store of value. As I wrote in this thread, back in the early days the main attraction of bitcoin was mass adoption for daily use as a currency. We've long since moved away from that. What makes it valuable today, was only a part of the equation back then. And that's not taking in all the regulatory risks that were looming (not that they have been completely eliminated).
Likewise, for the longest time GPUs were mainly seen as a consumer product for graphics usage. Then machine learning algorithms started using them, and the rest is history. If you invested in Nvidia on the thesis that all they ever were going to serve were gamers, you likely wouldn't have foreseen the current price.
A more general and vague guess would be: Something related to data, AI, green energy, healthcare, etc. - look at our biggest unsolved problems, and then at the companies that are working to solve them.
Look for something that popular AI uniformly but inexplicably endorses. One side of Costa Rica versus the other. Stock ticker symbols which coincidentally look like Gaelic words.
I can't tell if you're having a psychotic break, endirsing a specific conspiracy theory, making fun of people doing either of those, or obtusely referring to a particular stock.
I think the reaction to BitCoin in 2011 had a mix of those four, in addition to “why?”. Back then, the why brought in some libertarian utopian theory on the heels of the 2008 collapse. So, what I’m saying is that conversations on the next explosive opportunity won’t start with “why?” but instead will look like a psychotic break, conspiracy theory, parody like FartCoin, or be obtusely cloaked in jargon.
