Quote from: Zin-Zang on December 08, 2018, 04:59:29 AM

http://www.investmentwatchblog.com/millennials-are-delusional-about-how-rich-theyre-going-to-be/

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So why do so many think theyll be rich? They may be delusional about how much money they are able to save and how much they will be able to earn, explains Agnes Kowalski, a wealth therapist who adds this can happen with people of all ages. But she explains that millennials in particular have incredibly powerful new belief systems about not capping how much money can be earned as there are so many careers that were non-existent even 10 years ago which may help explain why they think seven figures is possible.

Interesting enough, you see this in Bitcoin all of the time.

People mortgaging a house , (that was already paid for)
Using Credit Card Debt to Buy as much Crypto as Possible,
(This lead up to the $20000 overpriced BTC, and the blockage by Banks aided the downward collapse of BTC)

All thinking it was going to make them Ultra Rich, and the exact opposite has occurred,
Prices are Crashing with little incentive for anyone to buy them , as everyone knows the price is going lower.

FYI:
All those people that purchased BTC with CC Debt , and now can't afford to even pay off that CC Debt. Tongue

https://www.zerohedge.com/news/2018-12-06/economic-downturn-credit-cards-arent-being-paid-accounts-are-being-closed

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A new report is shining some light on an indicator that the economy is about to take a major downturn.
Credit card accounts are not being paid and some accounts are being closed in anticipation for an upcoming recession.

So the next guy that yells BTC will Moon Again, ask him/her , who is left that is stupid enough to throw their money at it,
when it has already wiped out the financial future of millions that believed in it like a false religion.

FYI2:
To all of fanatics that claim , you don't lose anything til you sell.
Go tell that bullshit to the guy losing his house and possibility his wife, because his job can't pay the new mortgage.
Or the millions that credit is destroyed.
It is 7 years to restore bad credit, so expect this crypto winter to be as least 7 years.
Does anyone really think BTC can survive a 7 year bear market?
BTC Death Spiral in less than 3 years, set your watch. Cool

Only 7 years if you say fuck it and never pay a cent of debt. Pay your debt of quick and your score goes way up very fast. Still mad gains to be made in crypto. You just not going to find them in the top 200 projects right now.

Barkey

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