07-25-2021, 04:32 AM
Change My Mind: Crypto is the most accessible avenue for Millenials (and younger) to
<!-- SC_OFF --><div class="md"><h1>Edit 3: Saltiness Warning Ahead!</h1> <h1>This is the most bearish post I’ve ever seen here!</h1> <p><strong>Real Estate:</strong> The real-estate market is ludicrously high. Boomers and corporations own a large portion of the properties. High cost for entry into this market.</p> <p><strong>Stocks:</strong> Stocks are corrupted by hedge funds and manipulation (see AMC/GME for proof). In order to make money, you need to start with at least a little bit. Even $1000 is low and will take some serious time to see growth unless you get reaaalllly lucky.</p> <p><strong>DotCom Boom:</strong> As a millenial, I was obviously too young to get into the dotcom boom. </p> <p><strong>Crypto:</strong> Low cost of entry. Multiple use cases. Risky (according to traditional standards), but we're younger and can absorb some of that. </p> <p>&amp;nbsp;</p> <p>There are others that I haven't covered, but the way I see it, crypto is the only thing accessible for the generation that feels like every other opportunity for wealth-growth is out of reach.</p> <p><strong>TLDR;</strong> I'm in crypto because I don't want to wait 30 years for the next <strong><em>big thing</em></strong> to come around. I'll nearly be 60 by then. Screw those people that want to stand in our way and make it difficult for us to get a piece of the pie.</p> <hr/> <p><strong>Edit:</strong> A lot of comments accuse me of saying "stocks are bad." <strong><em>I never said that,</em></strong> but it is clear that the fix is in and the system is designed for hedgies to win and for you to lose. Exponential growth, such as a windfall, is also severely limited. Potential for growth with stocks/indices is long and slow, especially if you don't have training/education/money to start with.</p> <p><strong>Edit 2:</strong> bears and the downvote crews can’t handle discussion apparently. There’s a lot of saltyness here and it’s a bad look for the community. Oh well. I’m having fun at least.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/velocipedic"> /u/velocipedic </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oqs1ud/change_my_mind_crypto_is_the_most_accessible/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oqs1ud/change_my_mind_crypto_is_the_most_accessible/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><h1>Edit 3: Saltiness Warning Ahead!</h1> <h1>This is the most bearish post I’ve ever seen here!</h1> <p><strong>Real Estate:</strong> The real-estate market is ludicrously high. Boomers and corporations own a large portion of the properties. High cost for entry into this market.</p> <p><strong>Stocks:</strong> Stocks are corrupted by hedge funds and manipulation (see AMC/GME for proof). In order to make money, you need to start with at least a little bit. Even $1000 is low and will take some serious time to see growth unless you get reaaalllly lucky.</p> <p><strong>DotCom Boom:</strong> As a millenial, I was obviously too young to get into the dotcom boom. </p> <p><strong>Crypto:</strong> Low cost of entry. Multiple use cases. Risky (according to traditional standards), but we're younger and can absorb some of that. </p> <p>&amp;nbsp;</p> <p>There are others that I haven't covered, but the way I see it, crypto is the only thing accessible for the generation that feels like every other opportunity for wealth-growth is out of reach.</p> <p><strong>TLDR;</strong> I'm in crypto because I don't want to wait 30 years for the next <strong><em>big thing</em></strong> to come around. I'll nearly be 60 by then. Screw those people that want to stand in our way and make it difficult for us to get a piece of the pie.</p> <hr/> <p><strong>Edit:</strong> A lot of comments accuse me of saying "stocks are bad." <strong><em>I never said that,</em></strong> but it is clear that the fix is in and the system is designed for hedgies to win and for you to lose. Exponential growth, such as a windfall, is also severely limited. Potential for growth with stocks/indices is long and slow, especially if you don't have training/education/money to start with.</p> <p><strong>Edit 2:</strong> bears and the downvote crews can’t handle discussion apparently. There’s a lot of saltyness here and it’s a bad look for the community. Oh well. I’m having fun at least.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/velocipedic"> /u/velocipedic </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oqs1ud/change_my_mind_crypto_is_the_most_accessible/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oqs1ud/change_my_mind_crypto_is_the_most_accessible/">[comments]</a></span>Kind Regards R