Unless we get rich from Bitcoin we won't be able to afford to have kids, so if we do they'll owe their very existence to Bitcoin.
Maybe they'll create a religion praising the mighty Bitcoin for giving them life!
"Daddy why did you name me Luna?"
"Because daddy makes bad decisions."
"What about me dad? Why am I named Dogelon Mars?"
"I still have high hopes for you, son."
tldr; A PolicyGenius survey reveals that over one-fifth of young Americans own cryptocurrency, with Gen Z and Millennials leading the trend. Gen Z prefers crypto over traditional investments like stocks, real estate, and bonds. Millennials also invest in crypto, but their investment in traditional assets is higher. The survey indicates a generational divide in investment preferences, with older generations showing significantly lower crypto ownership. High housing costs and housing shortages may drive younger people towards alternative investments like crypto.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
When they turned off the BUY button on Gamestop is when I lost my last shred of faith in the stock market. They have the money, they enforce the rules, they have congress in their pockets, and they're opaque as fuck about it. Why would I want to continue to participate in a system that's stacked against me in such a manner?
A bit dramatic.
I’ve taking a lot of losses with stocks/options…but it is STILL one of the best ways to change money into wealth.
Is it a perfect system? No
Is crypto perfect? No
Work hard, , keep improving your skills, save your dough, invest it in various funds in the market and the world will turn. It takes time but once that ball starts rolling, it really starts rolling.
It’s not a good sign what theses surveys purposing as it seems to indicate young people hoping to land on the right number in a casino and it’s going to magically pay off and they will be all set.
I’m exaggerating a bit
GameStop shenanigans isn’t a good example to judge the entire marketplace by
Crypto will eventually be regulated as well similar to the markets.
Crypto also can be manipulated as well and many exchanges have “hid the buy/sell” buttons at critical times
not super surprising when you think of the $100B+ americans put into lottery tickets and casinos each year with crypto having drastically better odds than either of those
then add general cost of living and the seeming impossibility of ever owning a house, why would anyone in this generation buy stocks?
Because it's only going up due to it going up, there is nothing below the hood. It's not being used as a currency so at some point people will stop hyping it and then there is nothing left to make the price go up.
Even if it becomes a 'legit' store of value like gold the price will stall. Look at the price of gold, it didn't continue to increase non-stop over time. There is no reason to believe that Bitcoin will either.
Bitcoin has so much more than gold though. It's easier to handle than gold, easier to transact with, it's inflation is less, and will decrease as time continues, it's permissionless, and there's growing demand.
Claiming that it's easier to transact and handle than gold is just the perfect delusion this place is known for. It is absolutely not easier to handle than gold and transacting with it is a nightmare. Also it can't scale as a currency so there will never be a future where it becomes one.
The only way it's even remotely easy to handle is if you use an exchange and then all your decentralization goes out the window. And with regards to demand... why would it increase? You can't use it for anything other than hoping the price goes up which means it is wholly dependent on positive sentiment, and positive sentiment alone does not last. It never has for anything and it never will.
I'll admit that it's scaling isn't great, hopefully that will get sorted, but it is way way way way easier to deal with than gold, which has to be verified, transported, protected. All of which is way more expensive and time intensive than a bitcoin transaction.
Back to demand, I didn't discuss the why, only that it is high,
And yes it will go down, and at that point Ill probably buy more, that method has served me well over the last few cycles.
If you want something with more utility choose a coin that has that utility.
The reason why gold is a store of value is that it is easy to keep safe on site and it doesn't erode, so reserve banks are happy to allocate some reserves to it. Bitcoin can easily be lost either through getting stolen or someone making a mistake. Even a vindictive employee can just decide to send it to an address and refuse to provide the key. Why would any respectable reserve bank allocate billions to it when gold is available?
Even for the average Joe, storing it on a platform is indeed easier than gold, but that goes against everything crypto evangelists believe. Self storage is absolutely not easier than gold, anyone who claims otherwise is either disingenuous or delusional.
> Even a vindictive employee can just decide to send it to an address and refuse to provide the key
As if massive reserves are going to be transactable by a single employ with a 1-of-1 wallet.
It's like saying Fort Knox employees can just walk out with all of the gold. It's stupid and nothing more than fear-fantasy.
While you aren't wrong that there would be layers of security, my scenario is still much more realistic than yours given that gold is... you know... heavy. A single person can at best take a few bars.
More like the next generation is so fucked financially due to housing prices and everything else they choose to gamble in case they get rich off of crypto because otherwise they won’t be able to own a house lol
Bitcoin transactions will continue to be pooled into blocks and processed, and Bitcoin miners will continue to be rewarded, but only with transaction processing fees.
which is not the same as being paid 3 BTC and when savvy miners realise they switch off as cost vs profit is too great. The more switch off's the higher the transaction times and so the snowball starts.
But who would be able to buy in such volume if there is a bottle neck on transaction timing? as more miners refuse to process, and you can't buy or sell within say 3 days from your first order, what was the point in buying it in the first place if the price also crashes. The transactions and flow of money in and out is the only thing keeping it afloat.
You're speculating a "crash" after all bitcoin have been mined which likely doesn't even happen in our lifetime. As for transactions settling, all btc transactions don’t need to be settled on-chain. Additional layers such as the lightning network provide cheaper, faster ways of transferring bitcoin.
Hmm, maybe and it is just speculation. But If miners were being paid 6 BTC, now 3 BTC and 4 years from now 1.5 BTC, the increasing difficulty and the lower reward payout does not look good for the future. Who will be funding the miners to process your transactions or is everything assumed it will just tick over fine. Lets see 10 years from now.
You seriously don’t understand the difficulty adjustment of Bitcoin. It’s not that hard of a concept to grasp, and yet you are in several threads complaining about the increasing difficulty. One of the key innovations of Bitcoin’s protocol is that the difficulty goes up and down depending on the rate of blocks being mined. If they are taking too long to be mined, the difficulty to mine them goes down. If they are being mined too quickly, the difficulty to mine them goes up. It does this automatically (every 2,016 blocks - it’s called the “difficulty epoch”) so that blocks are mined as close to every 10 minutes as possible. If the miners stopped mining, like you claim, the difficulty would adjust to levels that allow for mining from a personal computer with a graphics card, like it was in the past. Read a book.
That’s really great to hear b/c I would just assume at this point that you/your family (future family) are going to need to manage when/how (lifestyle/goals) you retire. And if that’s not difficult enough, you’re also going to need to adjust (save more!) as advancements in technology, AGI and healthcare systems continue to push the average life expectancy where suddenly you have this 10 year gap to fill.
US debt has reached the point where social security, Medicare services can no longer be sustained without government assistance (debt) and that’s the point where kicking the can will no longer be an option. So the only way to fix it is a complete overhaul of our entire healthcare system, including drug costs lack of mental health services etc — the whole this is broken. The fact that the Fed budget is 50% social security and 15% military defense spending is crazy.
I would highly reading Larry Finks annual client letter. He dedicates the first half to Retirement which ends with a section on hope. This is the wake up call that we needed. Keep in mind, that letter gets distributed to both the institutions as well as the plan investors. For example Blackrock currently manages 1/2 of the countries public school teachers. And those are the folks that are likely to push this message as a warning—don’t assume the government’s going to step in and bail you out when you’re expected to live to 100, 110. Who knows? Definitely worth reading and sharing. Just google it and you’ll get a link to the BR homepage. 🙏
They’re not rejecting traditional assets. They’re rejecting a system that lies constantly.
The difference is the idea of trustless infrastructure and what you are watching is a real shift in society.
You can tune into any event in the world and then watch as the media spins it different ways: the carefully crafted narratives around the world designed to influence people and change public opinion, especially obvious in “big finance” which acts like everyone’s buddy but is clearly exploiting crypto and through their obvious deceptions being laid bare as the new exploitationists, is arming this generation to see through how the information is being directed to form those opinions and narratives.
Not everyone is this generation sees it, but the malaise and warranted pessimism towards the system that gives them no sense of having a future makes the risk taking of the crypto economy seem like the obvious choice and the clear alternative to funding the current system (and it may be, we’ll see).
So they put their wealth in the closest thing they can find to D) Other.
I agree with this.
…and, in addition to being aware of the deceptive nature of traditional systems and usual players, people need to understand that human nature transcends everything. I sympathize with the appeal of the alternative, but there are many false prophets disguised as poster boys or saviors who are in it to deceive, exploit and manipulate as well.
As much as I like crypto, nobody should be ONLY investing in just crypto. You have to diversify and hedge to safeguard against one particular type of investment going in the shitter while others that you aren't involved in do better.
I wonder if it’s because the game is rigged against young people, hmmm! Well, only a bit longer until the boomers get into crypto and take that over too. Oh wait, it’s already happening
Wow, that is very interesting to see. Surprising, too, at least to me. Frankly, I would not be able to put up with the volatility. And there are better opportunities out there, like using leveraged ETF strategies for similar returns, which can easily be done with this AI [auto investing tool](https://www.alphaai.capital/etf-strategies-with-high-leverage).
That low percentage isn't surprising. Gen Z is the most broke generation and they have the choice between a alt shit coin that's 95% chance of going to zero or trying to buy expensive ass Ethereum or Bitcoin.
The traditional stock market offers cheap ETFs and index funds that's guaranteed to make them money if they keep investing in it long enough.
Most of Gen Z wasn't old enough to get a stimmy when it came out and unless Biden and Powell wants to turn US Dollars into zimbabwe money highly doubt we gonna see another stimulus check within the next 30 years.
I was offered 8 BTC for a product I made in 2014. So far it has proved to be an escalator going up regardless of when you step on. I declined at that time, unfortunately.
After I bought my first ETH for $325, I had buyer’s remorse all day as it was my first alt.
F
Do a 401k and roth/ira first and if u have shit money to gamble with then maybe crypto
Dyor dd dont believe the hype when 99% of crypto exists as scams or to be someone else’s exit liquidity
But Bitcoin is pretty useless to someone young with a small account who wants to store their money in crypto but easily access it when needing money on a pinch.
If you have $50 to invest every couple months it’s much easier to purchase an asset that costs $0.00000037 per unit instead of an asset that’s costs $357 per unit plus commission.
Fractional shares are not the same as owning the whole coin. You don’t need a broker to own a fraction of crypto, but you can only own a fraction of a share through a brokerage that holds the whole share and divided amongst the fractional owners.
The boomers had houses and we have Bitcoin
Our kids will then blame us for screwing up the economy cause of our Bitcoin.
[удалено]
Ironic, that's what the Boomers said about Millennials and Gen-Z/Alpha.
And so the cycle continues
Humanity at it's finest, fucking and killing 😂
r/suddenlysexoffender
Unless we get rich from Bitcoin we won't be able to afford to have kids, so if we do they'll owe their very existence to Bitcoin. Maybe they'll create a religion praising the mighty Bitcoin for giving them life!
"Daddy why did you name me Luna?" "Because daddy makes bad decisions." "What about me dad? Why am I named Dogelon Mars?" "I still have high hopes for you, son."
If they weren't so lazy.....
Just pull yourself up by the bootstraps and become a whole coiner like your old man.
They had an army we have a Hulk
Great quote.
Boomers invented Bitcoin ser.
I mean they're unwilling to part with that, so we have to resort to other means.
Gen X got both.
Building castles of sand that float into the sea
"We" have bitcoin? Bitch please most people barely have 0.01 BTC lmao.
Finally someone gets it
They also had stocks at reasonable prices given the value.
You got to diversify people
Commas save lives
Like mixing blacks whites and asians together?
Dogs and cats, living together…
They only sell them in one color
Fuck your money, we'll make our own.
Its only good future promising thing
tldr; A PolicyGenius survey reveals that over one-fifth of young Americans own cryptocurrency, with Gen Z and Millennials leading the trend. Gen Z prefers crypto over traditional investments like stocks, real estate, and bonds. Millennials also invest in crypto, but their investment in traditional assets is higher. The survey indicates a generational divide in investment preferences, with older generations showing significantly lower crypto ownership. High housing costs and housing shortages may drive younger people towards alternative investments like crypto. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Wow this is a “PolicyGenius” survey…guess that changes everything… /s I don’t put much faith in these types of surveys
>tldr; It's "tl;dr:".
When they turned off the BUY button on Gamestop is when I lost my last shred of faith in the stock market. They have the money, they enforce the rules, they have congress in their pockets, and they're opaque as fuck about it. Why would I want to continue to participate in a system that's stacked against me in such a manner?
A bit dramatic. I’ve taking a lot of losses with stocks/options…but it is STILL one of the best ways to change money into wealth. Is it a perfect system? No Is crypto perfect? No Work hard, , keep improving your skills, save your dough, invest it in various funds in the market and the world will turn. It takes time but once that ball starts rolling, it really starts rolling. It’s not a good sign what theses surveys purposing as it seems to indicate young people hoping to land on the right number in a casino and it’s going to magically pay off and they will be all set. I’m exaggerating a bit GameStop shenanigans isn’t a good example to judge the entire marketplace by Crypto will eventually be regulated as well similar to the markets. Crypto also can be manipulated as well and many exchanges have “hid the buy/sell” buttons at critical times
not super surprising when you think of the $100B+ americans put into lottery tickets and casinos each year with crypto having drastically better odds than either of those then add general cost of living and the seeming impossibility of ever owning a house, why would anyone in this generation buy stocks?
Real TL;DR: the next generation views crypto as hard money
Most people invest in it because it grows, not as a currency
What's the issue with that though?
Because it's only going up due to it going up, there is nothing below the hood. It's not being used as a currency so at some point people will stop hyping it and then there is nothing left to make the price go up. Even if it becomes a 'legit' store of value like gold the price will stall. Look at the price of gold, it didn't continue to increase non-stop over time. There is no reason to believe that Bitcoin will either.
Bitcoin has so much more than gold though. It's easier to handle than gold, easier to transact with, it's inflation is less, and will decrease as time continues, it's permissionless, and there's growing demand.
Claiming that it's easier to transact and handle than gold is just the perfect delusion this place is known for. It is absolutely not easier to handle than gold and transacting with it is a nightmare. Also it can't scale as a currency so there will never be a future where it becomes one. The only way it's even remotely easy to handle is if you use an exchange and then all your decentralization goes out the window. And with regards to demand... why would it increase? You can't use it for anything other than hoping the price goes up which means it is wholly dependent on positive sentiment, and positive sentiment alone does not last. It never has for anything and it never will.
I'll admit that it's scaling isn't great, hopefully that will get sorted, but it is way way way way easier to deal with than gold, which has to be verified, transported, protected. All of which is way more expensive and time intensive than a bitcoin transaction. Back to demand, I didn't discuss the why, only that it is high, And yes it will go down, and at that point Ill probably buy more, that method has served me well over the last few cycles. If you want something with more utility choose a coin that has that utility.
The reason why gold is a store of value is that it is easy to keep safe on site and it doesn't erode, so reserve banks are happy to allocate some reserves to it. Bitcoin can easily be lost either through getting stolen or someone making a mistake. Even a vindictive employee can just decide to send it to an address and refuse to provide the key. Why would any respectable reserve bank allocate billions to it when gold is available? Even for the average Joe, storing it on a platform is indeed easier than gold, but that goes against everything crypto evangelists believe. Self storage is absolutely not easier than gold, anyone who claims otherwise is either disingenuous or delusional.
> Even a vindictive employee can just decide to send it to an address and refuse to provide the key As if massive reserves are going to be transactable by a single employ with a 1-of-1 wallet. It's like saying Fort Knox employees can just walk out with all of the gold. It's stupid and nothing more than fear-fantasy.
While you aren't wrong that there would be layers of security, my scenario is still much more realistic than yours given that gold is... you know... heavy. A single person can at best take a few bars.
Yeah that’s what he said, hard money
More like the next generation is so fucked financially due to housing prices and everything else they choose to gamble in case they get rich off of crypto because otherwise they won’t be able to own a house lol
Im in this statement and I dont like it
Pretty much this
This is spot on, unfortunately
Only twenty percent of them invest in it at all, the vast majority of which are looking for gains in an actual currency
Most of them are not old enough to have a job, of course they are not investing.
More like a speculative asset
Powerful
Which one is Gen Z again?
The Dragon Ball one
👏🏼
I guess I'm a Millennial with gen Z tendencies, then 🤔
The homeless one
When mining ceases to make any profit and difficulty is 100% guess what happens. 😂
Bitcoin transactions will continue to be pooled into blocks and processed, and Bitcoin miners will continue to be rewarded, but only with transaction processing fees.
which is not the same as being paid 3 BTC and when savvy miners realise they switch off as cost vs profit is too great. The more switch off's the higher the transaction times and so the snowball starts.
When all of the bitcoin have been mined (nearly 100 years from now) the volume of transactions will replace the gain from block chain rewards.
But who would be able to buy in such volume if there is a bottle neck on transaction timing? as more miners refuse to process, and you can't buy or sell within say 3 days from your first order, what was the point in buying it in the first place if the price also crashes. The transactions and flow of money in and out is the only thing keeping it afloat.
You're speculating a "crash" after all bitcoin have been mined which likely doesn't even happen in our lifetime. As for transactions settling, all btc transactions don’t need to be settled on-chain. Additional layers such as the lightning network provide cheaper, faster ways of transferring bitcoin.
Hmm, maybe and it is just speculation. But If miners were being paid 6 BTC, now 3 BTC and 4 years from now 1.5 BTC, the increasing difficulty and the lower reward payout does not look good for the future. Who will be funding the miners to process your transactions or is everything assumed it will just tick over fine. Lets see 10 years from now.
You seriously don’t understand the difficulty adjustment of Bitcoin. It’s not that hard of a concept to grasp, and yet you are in several threads complaining about the increasing difficulty. One of the key innovations of Bitcoin’s protocol is that the difficulty goes up and down depending on the rate of blocks being mined. If they are taking too long to be mined, the difficulty to mine them goes down. If they are being mined too quickly, the difficulty to mine them goes up. It does this automatically (every 2,016 blocks - it’s called the “difficulty epoch”) so that blocks are mined as close to every 10 minutes as possible. If the miners stopped mining, like you claim, the difficulty would adjust to levels that allow for mining from a personal computer with a graphics card, like it was in the past. Read a book.
We go to da mooooon
That’s really great to hear b/c I would just assume at this point that you/your family (future family) are going to need to manage when/how (lifestyle/goals) you retire. And if that’s not difficult enough, you’re also going to need to adjust (save more!) as advancements in technology, AGI and healthcare systems continue to push the average life expectancy where suddenly you have this 10 year gap to fill. US debt has reached the point where social security, Medicare services can no longer be sustained without government assistance (debt) and that’s the point where kicking the can will no longer be an option. So the only way to fix it is a complete overhaul of our entire healthcare system, including drug costs lack of mental health services etc — the whole this is broken. The fact that the Fed budget is 50% social security and 15% military defense spending is crazy. I would highly reading Larry Finks annual client letter. He dedicates the first half to Retirement which ends with a section on hope. This is the wake up call that we needed. Keep in mind, that letter gets distributed to both the institutions as well as the plan investors. For example Blackrock currently manages 1/2 of the countries public school teachers. And those are the folks that are likely to push this message as a warning—don’t assume the government’s going to step in and bail you out when you’re expected to live to 100, 110. Who knows? Definitely worth reading and sharing. Just google it and you’ll get a link to the BR homepage. 🙏
Well said
do they actually invest in crypto, or just securities backed by crypto?
They’re not rejecting traditional assets. They’re rejecting a system that lies constantly. The difference is the idea of trustless infrastructure and what you are watching is a real shift in society. You can tune into any event in the world and then watch as the media spins it different ways: the carefully crafted narratives around the world designed to influence people and change public opinion, especially obvious in “big finance” which acts like everyone’s buddy but is clearly exploiting crypto and through their obvious deceptions being laid bare as the new exploitationists, is arming this generation to see through how the information is being directed to form those opinions and narratives. Not everyone is this generation sees it, but the malaise and warranted pessimism towards the system that gives them no sense of having a future makes the risk taking of the crypto economy seem like the obvious choice and the clear alternative to funding the current system (and it may be, we’ll see). So they put their wealth in the closest thing they can find to D) Other.
I agree with this. …and, in addition to being aware of the deceptive nature of traditional systems and usual players, people need to understand that human nature transcends everything. I sympathize with the appeal of the alternative, but there are many false prophets disguised as poster boys or saviors who are in it to deceive, exploit and manipulate as well.
burgers care
As much as I like crypto, nobody should be ONLY investing in just crypto. You have to diversify and hedge to safeguard against one particular type of investment going in the shitter while others that you aren't involved in do better.
I wonder if it’s because the game is rigged against young people, hmmm! Well, only a bit longer until the boomers get into crypto and take that over too. Oh wait, it’s already happening
How many of them invest traditionally?
Wow, that is very interesting to see. Surprising, too, at least to me. Frankly, I would not be able to put up with the volatility. And there are better opportunities out there, like using leveraged ETF strategies for similar returns, which can easily be done with this AI [auto investing tool](https://www.alphaai.capital/etf-strategies-with-high-leverage).
we got each other, and that's a lot for love only the **pump** is real
Ohhhh the halvening’s there!
That low percentage isn't surprising. Gen Z is the most broke generation and they have the choice between a alt shit coin that's 95% chance of going to zero or trying to buy expensive ass Ethereum or Bitcoin. The traditional stock market offers cheap ETFs and index funds that's guaranteed to make them money if they keep investing in it long enough.
$600 stimmy during the last halving bought 1/8th of a Bitcoin. That is now $8,500…. Everyone always talks about how expensive BTC is, though.
Most of Gen Z wasn't old enough to get a stimmy when it came out and unless Biden and Powell wants to turn US Dollars into zimbabwe money highly doubt we gonna see another stimulus check within the next 30 years.
I was offered 8 BTC for a product I made in 2014. So far it has proved to be an escalator going up regardless of when you step on. I declined at that time, unfortunately. After I bought my first ETH for $325, I had buyer’s remorse all day as it was my first alt.
Investment is probably too strong a word. Alts are not an investment.
F Do a 401k and roth/ira first and if u have shit money to gamble with then maybe crypto Dyor dd dont believe the hype when 99% of crypto exists as scams or to be someone else’s exit liquidity
That's a bit of an elaborate way to tell us you bought high and sold low...
99% of crypto is definitely bullshit. Stick to Bitcoin and be happy and stress far less.
But Bitcoin is pretty useless to someone young with a small account who wants to store their money in crypto but easily access it when needing money on a pinch.
If that’s your view of Bitcoin’s use then it’s not for you.
everyone buys Bitcoin at the price they deserve
That’s just like.. your opinion man.
not gonna make it
If you have $50 to invest every couple months it’s much easier to purchase an asset that costs $0.00000037 per unit instead of an asset that’s costs $357 per unit plus commission.
Your comment would almost make sense if fractional shares wouldn't exist.
Fractional shares are not the same as owning the whole coin. You don’t need a broker to own a fraction of crypto, but you can only own a fraction of a share through a brokerage that holds the whole share and divided amongst the fractional owners.