In the past few days I've seen a few posts about being early, not being early, when being early is over, etc.
I've been in the space since 2017 and fully thought I missed the boat. Bought in at around 7 for Bitcoin and started dabbling in ETH at around 300 bucks. Rode Bitcoin all the way to 20k and ETH to 1300 and down again.
Man did I think I had egg on my face. I was way too late and everyone who had bought before 2017, they were the lucky "early ones".
Then the run of 2021 arrived and I saw the fruits of my due diligence and DCA and saw my portfolio skyrocket.
And more importantly, I saw many new people join the space the same way I did in 2017. Fresh faced and full of hopes and dreams. The same ones who are now deep in the red or barely even in their portfolios. And potentially questioning, was all that "early stuff" bullcrap?
Yes, I get it, the higher the market cap, the more it theoretically takes to grow and the less astronomical the bigger caps will grow. But at the same time I've seen so many new promising projects emerge in the past few years that did amazing things and grew their marketcaps amazingly as well. And I'm sure there will be plenty of those that will succeed in the long run, regardless of how many won't. And all those who took a chance and invested in those made it out big.
My point is, I believe we will always be early. It will just eventually shift from the bigger blue chips as they amass more and more in terms of MC. In that sense, I don't have any problem liking it to the regular stock market. You're not "late" to the stock market, companies will emerge and technologies will be discovered. And many new opportunities will arise.
So yeah, maybe in a few years, maybe now, we won't be "early" for Bitcoin, or even ETH (if early means going 10x in a relatively short amount of time)
But if one adjusts what early means and just takes into account that innovation in the crypto imo won't stop, we won't ever have to be "late". I've experienced it myself during last run and I'm pretty confident I will next time and the time after next.
In the words of a certain wizard: we are not late nor are we early, we are here precisely when we mean to be. (OK that didn't fit 100% but you kno2 what I mean!) :????
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