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Started By
Message
re: Crypto is Gen Z’s Beanie Babies
Posted on 6/15/22 at 10:13 am to tenderfoot tigah
Posted on 6/15/22 at 10:13 am to tenderfoot tigah
quote:
The people who don't own crypto tend to not understand it.
Here is a perfect example:
Jon Ham, explain Ethereum.
You’re right. I don’t understand why anyone should spend over $1,000 on one “Ether.” That’s why I don’t own it. You think you’re making a point?
Tell us why one Ether is worth over $1,000?
1
Posted on 6/15/22 at 10:18 am to deNYEd
quote:
that does not entitle you to shite. They don't share profits with you. You are lucky if common shares even vote. and if/when they dissolve you are the last in line and never get shite either. Understanding the sham that legacy finance really is will make your transition to crypto easier. better start now
So owning stock in a business = scam
Owning digital strings of code = legit investment
Posted on 6/15/22 at 10:19 am to Jon Ham
who the frick wants to attempt to explain the value proposition of Ethereum to someone who probably doesn't even understand what a blockchain is?
Posted on 6/15/22 at 10:20 am to Jon Ham
it seems like the more logical expression from my explanations would be owning stock=owning crypto, no?
Posted on 6/15/22 at 10:21 am to Jon Ham
It’s Millennials that are into crypto not Gen Z.
Posted on 6/15/22 at 10:22 am to OMLandshark
quote:
It’s Millennials that are into crypto not Gen Z
its probably more of a foresight-capable thing and not a generational thing
Posted on 6/15/22 at 10:28 am to WDE24
quote:
He would never reveal his bitcoin positions, but he was a true believer early on.
Because he was more in love with the libertarian idea of bitcoin than actually going all in on it.
quote:
The great wiki v broke/Russian Bitcoin threads of the 2010-2014 time frame were interesting.
Nah, Russian and dabigfella was better. I still keep a lookout for any Rolls-Royces around Houston so I can hopefully bump into him.
Posted on 6/15/22 at 10:29 am to Cdawg
dabigfella was awesome. i wish he still posted
Posted on 6/15/22 at 10:33 am to OMLandshark
quote:
It’s Millennials that are into crypto not Gen Z.
I think it's both. The people who have pitched crypto to me have ranged in age from 13 - 26 - I think that covers both.
ETA - none of these people have ever had a real job and can't even really take care of themselves - to the point that they can't do simple things like dishes, laundry, take care of a yard, do simple maintenance around a house - basically idiots. However, they all consider themselves to be the smartest people in the room. And just like the idiots on here - they think everyone older than them is a "boomer".
Life is going to be a really hard lesson for these kids.
This post was edited on 6/15/22 at 10:38 am
Posted on 6/15/22 at 10:35 am to deNYEd
quote:
who the frick wants to attempt to explain the value proposition of Ethereum to someone who probably doesn't even understand what a blockchain is?
I think you may be conflating the value of the technology/systems things like Ethereum are based on and the value of the crypto associated with such systems/tech. I don’t understand any of it, but I don’t need to understand any of it to be able to arrive to the conclusion that I’d rather hold cash and traditional investments than strings of digital code.
Posted on 6/15/22 at 10:35 am to cable
Sad that 13 year olds are smarter than you
Posted on 6/15/22 at 10:40 am to Chuckiee
Considering that she can't define 1/100 of the words in my vocabulary and I have already had a successful career and a full education as well as a long history of profitable investing - I'm not too worried about it.
This post was edited on 6/15/22 at 10:41 am
Posted on 6/15/22 at 10:43 am to cable
Yet, she understands crypto and you don't. By the way, I believe you are full of shite that a 13 year old pitched crypto to you
Posted on 6/15/22 at 10:45 am to OMLandshark
quote:
It’s Millennials that are into crypto not Gen Z.
You’re right in that more Millennials own crypto than Gen Z, but when you consider how young Gen Z is and that they are not in as good a position financially as older generations, they are “heavy” into crypto.
I was in grade school when the beanie baby craze hit, and I think my generation (millenials) own that although I know all ages of people got caught up in that.
Source
Posted on 6/15/22 at 10:49 am to GreatLakesTiger24
quote:
it's a bit strange that so many people are taking so much joy in this
It’s because they are poor.
Posted on 6/15/22 at 10:53 am to cable
quote:
ETA - that actually might be too generous. Let me see whatever garbage I can find that might be worth less.
AntiqueTiger has entered the chat
Posted on 6/15/22 at 10:58 am to Jon Ham
The CryptoBros on here are in outright denial right now. They have 100 excuses for what is happening and how BTC will be $100k in a matter of 'x' Years and you are an idiot if you don't think so 
Posted on 6/15/22 at 11:00 am to The Third Leg
quote:
At least it’s not NFT. Gimme that digital Gucci bag for $5k, yo.
I definitely think the NFT frenzy is over.
Posted on 6/15/22 at 11:00 am to ronricks
quote:
They have 100 excuses for what is happening
It's almost like we've seen MULTIPLE instances of massive price drops over the last 10 years, only to be follow by new all time highs thereafter.
What's also a recurring theme is the people like ITT that pop their champagne and toast whenever the drops to happen, for some reason I can't begin to understand. Of course they're nowhere to be found once the next rise up begins.
Posted on 6/15/22 at 11:06 am to WG_Dawg
quote:
What's also a recurring theme is the people like ITT that pop their champagne and toast whenever the drops to happen, for some reason I can't begin to understand. Of course they're nowhere to be found once the next rise up begins.
like clockwork. I could excuse the first couple of times, but to just keep doubling down on dumb is baffling.
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