completely failing to understand how compound interest works.
but when interest is only 0.05%.. compounding it.. is a mega laugh.. its stil nothing
yet put the funds in a bank.
next year 1.0005
10 years 1.005011
10 year compound interest and they only get out $1.005 (banks would round down the sub-cent so its still only $1)
if you put $1 a year in. after 10 years youll have $10 plus.. wait for it.. 2 cents interest
so its still better to just buy and enjoy a loaf of bread now while you can afford it. instead of putting $1 into a bank and realising in 10 years you can only buy 75% of a loaf (inflation makes loaf $1.34)
Yet we can't deny the fact that people still choose banks over bitcoin since it doesn't backed by anything plus volatility is inevitable. They just had a mindset that it's just fine to put their $10k in bank rather than be at risk in bitcoin, meanwhile little did they know that 10 years after their $10k will just have a value of $8k.
So all in all, same have the risk but people had already conditioned their mind in inflation, and this is unjustly.
as for those saying waiting for 40's for a bettr paid job.. well yea. $15k a year mcdonalds job. vs $40k career after training, promotions
now to be more smart... invest it into something like bitcoin which year on year is better than 3%
2015 never dropped below $170
2016 never dropped below $350 (>200%)
2017 never dropped below $900 (>250%)
2018 never dropped below $5800 (>600%)
These people should be waking up their asses and stop dreaming with their altcoins.