87 sats \ 19 replies \ @siggy47 10 Mar \ on: Fuel for the Bull Run econ
Old people still love these things. It's as if inflation was < 1% per year.
I just had a conversation with someone from Germany who bought bitcoin for €500 a few weeks ago and is now annoyed that he only made 40%. i have no idea about money at all, there are much better coins on the market. it's exasperating, people here in europe really have no financial education at all.
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That's unbelievable.
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and I've talked to at least 20 people about the introduction of ETFs and about possible banking crises etc etc-no one is getting the point here, it's all about climate change
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People don’t care. I thought it was ignorance of complicated finance terms now I believe it is a head-in-the-sand response. They sort of know and they don’t want to be reminded of it. .
Climate catastrophe or ‘the illegal invasion of blah-blah….’ Are certainly buzz terms in the EU at the moment
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yes, you're absolutely right about the difference in mentality. i myself also feel almost completely alone as a libertarian. But imagine if you had to discuss integrating Bitcoin into a pension fund with these people. I can't imagine that we could build any kind of rational bridge to these people
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I feel the same way. I don't belong here.
Everyone around me is statist and buys into the MSM fud.
I spoke to a good friend the other day. She still has reservations against Bitcoin, because she thinks it will lead to increased inequality and environmental destruction.
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I have several acquaintances with very good incomes who have been hunting for interest for over a year and have locked in their money at 2% interest for a year. I had suggested that they convert 5% into Bitcoin and hold the rest in cash spread over several accounts to find a way in. but no. The smart alecks know everything better
I'm with ya on that: people simply don't care until there's another bull run and hear about that guy in the family that does own some bitcoin; he's suddenly more popular than ever in the family. I'm talking from recent experiences.
They could've been up there with me, but nooo, I don't know what I'm doing, yeah right.
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At the beginning of the last cycle, I talked my tongue to my German friends. One of them saw Bitcoin as a casino and is now complaining to me that the 500 euros he invested only yielded a 40% return. It's unbelievable, but the majority of Europeans are communists at heart. That's why they have such a problem with freedom technology like Bitcoin. They will vehemently oppose it to the last moment and defend everything their rulers tell them to do.
And antiquated financial planners still push these as ‘part of a balanced portfolio’
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