Compared to other threads on bitcointalk, reddit, twitter, facebook.
It seems everybody in this thread is chill and hodling.
Guess being an old adopter comes with its perks.
It seems everybody in this thread is chill and hodling.
Guess being an old adopter comes with its perks.
The problem is that the crypto kiddies don't really have any skin in the game to see things play out long term. If they put in $300 or even $1000 and they end up with 50% profit (say $1500), they cash out and go blow it on something stupid. Presumably because their mind tells them "Well I'll never get wealthy on $1500 anyway, might as well just spend it then." Meanwhile they continue to run up their credit cards and work hand-to-mouth, essentially forever.
This is the mindset of the forever poor. They can't conceive of how to turn that $1500 into $5k, then $20k, then $100k, and so on until they have some real wealth. This is why there aren't more millionaires running around in every country of the world. No long term vision, no patience, and no discipline. It can take a decade or two to build real wealth, which so many don't have the vision or patience for.
ya these millennials even if you gave them wealth ~ do they know what to do with it? Investing in the real world is a loooong and boring game that takes immense patience...this fast food society :\ meh