Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bitcoin is a Myth and not Real
by
tadamichi
on 02/06/2022, 14:49:18 UTC
⭐ Merited by JayJuanGee (1)
For sure to me it seems that young people have a compelling dilemma because they likely have limited cashflow while they are learning skills (such as going to college), but the college skills can sometimes help them both with their cashflow and their learning how to engage in better critical thinking - or learn ing how to learn, too.

So, investing in yourself is good.. but not really always knowing how can be a dilemma... I understand that people are different, and some people are better able to figure out how to learn on their own.  I had tried some learning on my own when I was younger, and I did not really do a good job with that.. and probably I spent too much time in school (college) too.. but it is not always easy.. and role models can vary too.

If your cashflow is limited then maybe it is difficult to buy $100 per week of bitcoin and you might have to settle for much lower amounts.. $10 or $20 or something that is not going to end up really messing you up in terms of covering your various ongoing expenses.

Yeah and even if a young person is a good learner, it can still be a struggle to find a place inside the economy, i see it with my friends all the time. So i think a good way is to find something youre passionate about, but also good at. And not chasing money first, but focusing on delivering value first and then money will come automatically. But then theres also many young people who just wanna get rich fast without doing any work, so they run into altcoins and then get scammed(but i managed to keep my friends out of them), because they dont realize there wont be another bitcoin anytime soon. And the gains that can still be made with Bitcoin are way higher than what traditional investmens can offer, so we should be happy with whats still possible.

Correct.  Trying to come in now and make wealth based on trading on the little ups and downs off day to day ups and downs, is very difficult.  It is not something I'd recommend to anyone.  Unless you have at least a good system should one attempt that, but even then they can still get reckt as you say.

This is opposed to the easier method, which is getting more difficult to do as time passes.  ... That being, if a newbie had entered into the bitcoin system say ten years ago, they could have made 1,000 to 10,000 times their investment.  But, getting in now they may see a 10 times, or waiting a little longer, a 100 times on their investment. ... If investing to make wealth is all they had in mind.

But there are other newbies that can get in now that can do even better, without going down the path of investing.  That is, they can take advantage of bitcoin's properties to make bank.  For example, someone could start up a remittance business between the US and Colombia, or between the US and Thailand, or wherever.  Or, they can get into any other number of businesses popping up.

These are the ideas, the topics, that seem to elude the OP.

And then there are the other opportunities that will eventually pop up in the future.  There will be layers on top of the bitcoin system, things that no one has come up with yet.

I recall using the internet back around the early 1990's when mosaic came out.  I used to like using a web search utility called "webcrawler".  It worked well, and I thought it was great and a useful idea to help me with my web searches. ... Then one day, during one of my computer classes back then, these two guys walked into the lecture hall and gave us a short preview of their new web search engine.  I think they mentioned that they were from some university out east, or was it the west coast, hehe.  They described a new algorithm for how to tie a search term to a page's contents.  Then they showed us their webpage, it was a white blank page with just one entry box and couple of buttons.  They called it "Google".  ... When I went to the lab, I tried it, and I liked it because it had no clutter, no ads on the main page. I thought wow, what a great idea.

No one really knows what's coming.

And like arcmetal said bitcoin can also be used as a foundation to be build new businesses, so theres a lot of opportunities outside of trading too.