At some point in your life, especially if you habitually travel on forums, websites, social networks and other platforms that have to do with cryptocurrencies, you must have come across the expression above that frames the title of this short article.
I put a question mark in that title to emphasize the observation that, as neophytes, many must have come across even in their own mind the phrase / title above, either to arrive at a logical conclusion according to more familiar economic parameters , that is, to protect yourself from a new reality that is not understood and should, at first, be refuted or discredited in a search for self-defense.
But, after some time and better understanding this new environment in which cryptocurrencies are the protagonists of a new latent economic reality from a digital environment that increasingly expands, we see that it really is simply an expression formulated by a neophyte in this new economic field that unfolds.
I recently read an article somewhere that I do not remember at the moment, reporting a statistic that, at best, only 1% of the world population transits or has some degree of familiarity with cryptocurrencies, something that expands year by year but it makes it clear that putting a question in the title of an article like this from a clearly neophyte expression to perhaps want to give an air of perplexity and perhaps even a certain initial drama before entering the article itself, is, at best of the hypotheses, of a marketing strategy to draw attention to the article itself, or at worst, of a tremendous act of arrogance by the author of that article, who does not remember that he was also a neophyte in terms of cryptocurrencies and that an expression / title of this nature is totally acceptable and conceivable when this new direction is not understood in the global economy.
Leaving this kind of self-flagellation a little aside, we can imagine the funny scene that you would have been, some time ago, facing people simply seeing ads or some kind of advertising and being rewarded with those digital coins with strange names; or suddenly come across others reporting a distribution made by certain platforms with digital currencies with even stranger names, rewarding almost instantly and "magic" people who do the simple action of simply creating an account or simply having a specific currency already established on a certain platform to be entitled, in an apparently magical way, to the other currency that is being born. Certainly at first, in your neophyte's head this would be something not understood and even considered as magical and ethereal.
Once you get into and understand a little more about this new world of cryptocurrencies, finally you realize that here is also present the "there is no free lunch" so common in the non-virtual environment, and you, perplexed, see that the fictitious environment that you attributed to this new environment of cryptocurrencies that you did not understand is nothing magical and sees, astonished, the law of supply and demand present and bouncing in this new economic field that looked more like a virtual game with a philanthropic air.
Because even in this virtual environment of cryptocurrencies, which at times appears to be something fictional or even a surreal fairy tale, the laws of the market are present and you realize that cryptocurrencies are distributed because they are a currency of exchange between those who offer a product, or service, with those who consume or use that service even in a way to offer a kind of labor specialized in seeing ads or predicting where certain coins will be distributed in the form of airdrops, or even the maximum to buy on low, expect appreciation and sell high.
I don't know any statistics and I don't know if anyone has already formulated it about the almost exact number of people who entered the cryptocurrencies in an attempt to have extra extra income, either temporarily or for life, but I have the impression that most of those who transit and commercialize, or seek to obtain some type of cryptocurrency, are in this field in a view more suited to the traditional market and not due to some type of ideology or anything that is worth it.
What is certain to be seen is that given the restricted nature of this new trade or new nascent economy - taking into account this statistic that at most 1% of the world's population transits in this atmosphere of cryptocurrencies -, it is easy to realize that we are on a scale of pioneers and that this moment has to be taken advantage of while it is in that more restricted circle, because once this circle is still restricted to 1% of the population, the tendency is that the impression of something magical fond of fairy tales more and more cease to exist and we will only have the real reality, which would be a redundancy to try to define and continue a reflection of the post 1% of the population.
* Images from Pexels website