A day in the crypto world is like ten years in the human world
I've often heard the saying: A day in the crypto world is like ten years in the human world. At first glance, it might seem that the crypto world is a place where one can become rich instantly, outpacing a decade of traditional growth in just one day. I'm not sure how this saying originated, but personally, I consider it a toxic motivational quote. While this phrase vividly illustrates the vast differences between the cryptocurrency industry and the traditional world, its essence is not about time itself but rather the exponential differences in density of change, speed of wealth accumulation, and cognitive iteration. Let me explain this saying's deeper meaning from three perspectives:
1. Price and Wealth's 'Super High Speed': In traditional financial markets, a 30% increase in assets over a year is considered excellent, whereas in the cryptocurrency world, a 30% or even 100% increase in a single day is quite common. Such volatility may take a decade to accumulate in the traditional world, but can be achieved in a day in the cryptocurrency space. The term 'ten years' refers to the time required in traditional industries to accumulate the first pot of gold, which in the cryptocurrency world may only take one market cycle, or even just one afternoon.