The news has begun to start covering stories about cryptocurrency, mainly bitcoin as of late. However, no one seems to be talking about what i believe to be one of the most important stories about cryptocurrency. And that is that anyone from any background can become financially well off or even rich in cryptocurrency right now.
This is an absolute sea change in the history of the world and also in the history of capitalism. It is no exaggeration to say that cryptocurrency is the best investment opportunity in the history of the world. People are seeing much higher returns than were seen in the dot com boom. Even a homeless person could become rich in cryptocurrency right now. I want to show that in the following example. According to the following quora article, an average homeless person can make $25-50 per day panhandling.
Let's use the low end of that, $25, for our example. Quite honestly, a homeless person can survive on fast food for less than $10/day but let's say they spend $20 per day. Then this homeless person will have $5 per day left over. Let's also say this person only panhandles 5 days per week and takes two days off. For fun, let’s call this person "Charlie" and imagine him to be like Charlie from “It’s always sunny in philadelphia.” This means Charlie will have $25/week or $100/month left over which could be invested in cryptocurrency. He can get free computer access and internet access through the public library. Assuming he had the necessary ID to create an account, which some but not all exchanges require, he could begin investing in an account. I will give an example of the types of returns he could have seen in a few different cryptocurrencies. Keep in mind, i am not considering things like mental illness or high levels of compulsion caused by drug addiction. I just want to show how a person from basically any starting amount of capital and resources has a chance to become very well off through crypto-investing.
Raiblocks (Xrb): Raiblocks price has multiplied over 165x in the past month alone. It was relatively flat for about 7 months prior to that astronomical price increase. Let's say Charlie had invested $100/month for 6 months prior to the price increase, that would leave Charlie with just under $100,000 in just 6 months. That is enough to buy a mobile home or even a house in certain areas of the U.S. That is more than most highly educated, hard-working professionals make yearly in the U.S. and that is just in 6 months as a homeless person
Verge (xvg): In July of this year Xvg was under .003 cents per share. Using the same example, say he invested that same $600, Xvg hit a high of around 25 cents in December. That is over a 75x return. In 6 months. That alone would be $45000 in just 6 months. Plus some or all of this money could be reinvested for phenomenal returns once again.
There are several other examples of cryptocurrencies which have seen similar or even greater price increases in relatively short periods of time including the famous bitcoin which everyone has heard of. Yet, new opportunities continue to emerge with altcoins.
The point here is to show that for the first time ever anyone can get rich. This is unprecedented in history and it is an extremely important development, yet i don’t hear anyone speaking about this. Every single month there are new cryptocurrencies seeing phenomenal gains of 10x, 100x or more. Communism sympathizers need to wake up on this sleeping giant. This is the fairest and best time ever for capitalism and it’s only getting better. This is simply one more example of how lack of more equitable distribution of wealth is not caused by an inherent deficiency in capitalism or by lack of work ethic as some claim. Actually, the main problem is a lack of investment education. For more on this, I suggest reading a book called "The millionaire next door." It describes several individuals and couples who became millionaires on average or well below average salaries. These individuals did not even have the cryptocurrnecy investing opportunities that are available to all of us today and they were still able to "make it" financially. One story was a janitor making under $20,000 per year. He still ended up with over a million dollar net worth by retirement age, simply due to investing.
P.S. I understand that there are many other issues involved with homeless and poverty but my point is to show what is actually possible with cryptocurrency investing nowadays. With this opportunity available, almost no one can really have an excuse for being in poverty. Ordinary people are seeing phenomenal returns in very short periods of time. Getting out of poverty into some level of wealth and affluence really is a choice for almost anyone now because of this phenomenal opportunity.