Ah the crypto race. It's now heating up to levels that have never been seen before and honestly most likely will never be seen again as this level of investing and race participants can't be beat unless some aliens come down and start investing their galaxy tokens, who knows!

This should make you worried honestly worried to the point of you simply don't have enough bitcoin yourself. It was once said many years back that you should own at least 1 bitcoin and you'd be well off. That figure has now changed to roughly 0.25 bitcoin and you'll be well off. (Now of course that's speculation and hear say and none of this is financial advice. Do your own dang research and takes responsibility for your own actions and don't blame others is really how these disclaimers should read.)

Phase 1

The start of it all was hobby which then brought on more people that believed in the project and started to mine it. These days where far and few in between in terms of people that were mining and using the token.

I found myself in this mix really unsure of what I was actully mining or understanding much of it and what it could even become. This was back in 2011 which honestly wasn't that long ago just 13 years ago.

This phase was when mass accumulation could happen. Prices where low, inflation of bitcoin was high in fact the inflation rate of bitcoin at the time was nearly 1,000% and the reward per block was 50! Yes, you read that right it was 50 BTC per block lol There's really not much in terms of what needs to be mined left.

Phase 2

This phase was the one in which new blockchains started to show up. You had Litecoin, Doge, and Ethereum just starting to peak out in terms of new on the blockchain. They did alright but the only one that really took off was Ethereum as it ushered in the possibility for other tokens to launch easily for the first time instead of starting up their own blockchain which of course had major security risks.

This ushered in one of the most important steps that allowed for many companies, scammers and people to start up their own projects and their own vision of things.

Phase 3

Companies started to get involved. In fact most new blockchains should be looked at as a company. The company needs to generate revenue, build applications on their chain and constantly increase usage over competitors in order to stay alive now.

You also now how companies directly buying and holding the asset which is a big step in terms of legitimacy of the projects and tokens.

Phase 4

The phase we are currently heading into and the one I personally feel is the final phase. There's really no big moment after this one. Once governments start adopting, mining and hoarding bitcoin the price is going to moonshot and hold there rather well. At this point there's really no more advancement. While it will take a few years for sure I believe these next four of them will be one of the largest adoption phases ever as governments begin to pile on as much as possible.

To be honest the USA is running a bit out of options to the point of there is legit so much debt the government has stacked on and continues to stack the over spending. It's clear that the USA needs to get it's spending in order and it's been off track for a long while now. Four years is actully a very short time frame I mean It feels like Biden was here and there and I don't recall anything good coming out of it besides some memes and jokes lol