Bamboos – some of the fastest-growing plants in the world, due to a unique rhizome-dependent system.
Certain species of bamboo can grow *91 cm (36 in) within a 24-hour period*, at a rate of almost 4 cm (1.6 in) an hour (a growth around 1 mm every 90 seconds, or 1 inch every 40 minutes).
But they probably don’t break the soil and are not visible until the 1st, 4 or 5 years have passed 🙂.
A nice story which represented the concept of *compounding*.
But, i also think that this story represents the latest trend / fad / genius investing into the concept of *cryptocurrencies*. _Lying underneath for over the last 6 or 7 years & then growing up to become the tall bamboos_ 🤔
Btw, *they are not currencies*.
They are, *bits of code* like *bits of notes & coins*
Risk?….oh, no risk….everything is transparent. Everyone knows what is there in the system. Great👍🏼
So, are these absent from
Liquidity Risk? (How fast can an investor sell it)
Hacking Risk? (Security systems & privacy)
Network Risk? (Collapse of the network, Yes…it happens quite often)
Counter Party Risk? (Yes, a full exchange collapsed, some time ago – Mt.Gox)
Price Imbalance Risk? (Everyone in the world holds the same thing)
Acceptance Risk? (2 companies in the fortune 500 accept it…it was 5, a year ago. Yes, in some countries its legal & others illegal ).
Security of the wallet? (Personal wallets getting stolen & coins missing from them)
Illegal & terror funding risks? (Less said, the better)
Holding, Concentration Risk? – *Less than 4% hold over 95% of it*
Demand & Supply Risk? (Of the X number of bitcoin supply, close to a Y amount is already mined. If they need to increase the supply….apparently, the protocol has to get changed)…. more supply; price ??? 🙂
And finally….what would happen if there is a single cyrpto like this 🤔
No price discrepancies
No wage growth
No Inflation
No currencies to hold
No investments to be made
No need to manufacture anything
No need to service anything
*the concept of money has changed* 😀