Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JimboToronto
on 20/06/2019, 14:53:42 UTC
⭐ Merited by bones261 (2)
Good morning Bitcoinland.

Still sidling along in the low $9xxx range I see... currently $9360USD'$12340CAD (Bitcoinaverage).

Let's go Bitcoin. We want 5 digits.

Unfortunately millennials of today are hypnotised by social media and they are or will be our biggest users/accumulators of btc.

I agree they are hypnotized by (anti-) social media but disagree with them being our biggest accumulators of BTC. Bitcoin is the product of Gen-Xers who still have the biggest holdings. Many of the other big holders are Boomers (who brought us the microcomputer revolution and internet) whose technological superiority and greater wealth has allowed them to accumulate larger holdings.

Quote
There are few who can handle new wealth but many who can’t, dangers of a quickly acquired wealth combined with constantly seeking approval and fame amongst others is a recipe for disaster in many cases.

Ain't that the truth.

That mixture of the fear of real social interaction as opposed to anti-social withdrawal into a false world of texting, combined with an obsession with selfies, celebrities, fame and narcissism, doesn't bode well for handling real life including money management'

Hell, some can't even feed themselves properly. They're to stupid or lazy to prepare themselves good healthy food at home, and in some cases too lazy to even go out to a restaurant so they call Ubereats or Whydodishes so the don't have to go out and face the real world.

When they do leave their little cloisters of withdrawal, they pay for things with credit cards instead of real cash, regardless of compound interest. Money management skills? Lawl.