My cousin (
Obviously, I think it’s better to suggest investing him in an 18 year old instead of a bad influence.
However, his generation will take crypto into the mainstream, because they will realize that they have ridiculously cheated out of the future by listening to their parents.
"Go to school, study hard at varsity, get a good job, have a good life"
Great advice, the world has changed faster than in the last 2 years and the opportunities and benefits of a traditional education are dwindling. When wages are not rising at a rapid rate to cope with inflation. And many milestones in life, like buying a home, are more and more out of reach. Although their parents have benefited from the post-war mentality of their grandparents. Their parents have extended their lives by shaking up those savings, which is part of the reason for rising inflation - but their parents are not the best savers. They have barely started on a higher platform.
This means that for the first time in a very long period of time, children are less likely to be able to earn their parents. Many even struggle to earn an initial level of income. There are multiple reasons and causes for this. But what needs to be acknowledged is the way money is flowing and the habits of the common man are about to change. That means that what has worked in the past is probably becoming less relevant or even harmful to a person’s future security.
Post-war, savings were a great way to build the foundation of a better life, and even in savings accounts the basic interest rates were offering some returns. But money means no profit, it is no longer that. The whole setup is ready to continue the cost of running, but it does not encourage you to invest in generator assets at all.
The culture is designed around the customer who is sending money into their hands asking them to consume the next generation because that is what drives the profit. This process is not just about manipulating wealth. It also means that in the future these resources will not flow back into the community, going to be narrow.
Something needs to change and that’s when we’re changing it here. This will give the next generation or both the opportunity for a new economy. Because there will basically be no alternatives, because they will already be mostly compressed. will go back to the old economic model with very little resources.
Now, if you look at companies like Google making EOS and Square buy bitcoins like Google. This is to prove that the two companies know the value of consumption and have the data and resources behind them. We see the shift happen. These are companies that rely on the ability to predict and shift trends and they know that “children are the consumers of the future”.
Transfer and exchange arrangements are already available. While global borderless blockchains are up and running, the potential is already there. All they need to do is start trading in the new car. Replace the old and they will. They will be because it will not only become more technically attractive and neat from their technical point of view. Because the wide entrances their parents gave them were so narrow and closed that the only way they could swallow would be more, faster.
While their parents will see this start as a risk, for most future economic participants their parents may be the only real step to enjoying that “good life”. Because of this, people could take action on behalf of the early adopters. This means that even if it is risky for the early adopters, the people will bring stability.
This has had a huge impact on the world economy. Because in this case of the world, it needs to be delivered where customers deliver. This means more and more companies are becoming increasingly unstable and unstable towards the new economy. This means that the advice of the parents of "what we did" will gradually become poorer and even their parents will have to start moving their financial resources towards the new economy. Or face holding a very large bag of dollars that no one wants and many companies won’t accept.
Why would you accept a dollar when banks can demand a payment from their customers for a transaction that can cancel all those high fees? Why would a company provide these percentages in exchange for money when it can do free or near free on blockchains? Google knows it, Square knows it, Facebook knows it and now they're putting their knowledge to the public.
What is going to be difficult for many newcomers to the FOMO'ing market. That is, they are likely to be driven by the desire for quick profits. Although they still do not have the knowledge and experience of what they are actually buying. Some will be lucky, some will learn and learn to climb the ladder with patience, many are going to burn excitedly. But it is part of the process of building a new industry and, obviously, a new economy that works in a way that it has never done before.
The pressure that pushed my cousin to the edge is an indicator of what this generation will do. The real FOMO once caught them. And most will understand or at least believe. In a conventional economy, they have very little future economic opportunity. They’re going to be bitten by bugs and they’re going to be tough. After all, you only live once. Yellow!
My advice has always been, just invest what you want to lose. But I guess a lot of the younger generation will feel that by turning this dice and taking the opportunity to move away, they don’t have to lose everything from the past that benefited their parents, selling the future.
This is going to be another interesting decade. If they benefit initially, they are able to benefit the economy if they consume otherwise. Changes the currency of their use.
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