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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="black4vcobra" data-source="post: 16663473" data-attributes="member: 82394"><p>Maybe instead of telling friends and family to buy crypto, I should start a reverse psychology approach and see if they end up buying! </p><p></p><p>The biggest problem I see is that even for relatively smart people who make a pretty good income - $100k+ for individuals upwards of $160k for couples, people consistently spend nearly every dollar that they bring home. Ya, most are saving in 401ks and have a small emergency fund set aside so their future won't be screwed but there usually isn't anything left over to buy "fake money" as some of them call it.</p><p></p><p>Those are the smart people too. The dumb ones already have 10s of thousands of CC debt, student loan debt and auto debt and they spend more a month than they bring home with no retirement savings.</p><p></p><p>Oh well, i guess that just means our crypto holdings will go up when "regular" people finally start dumping money into it.</p><p></p><p>Oh and I must have woke up Litecoin with my comment yesterday. Nice 15% gain for it in the last day.</p></blockquote><p></p>
[QUOTE="black4vcobra, post: 16663473, member: 82394"] Maybe instead of telling friends and family to buy crypto, I should start a reverse psychology approach and see if they end up buying! The biggest problem I see is that even for relatively smart people who make a pretty good income - $100k+ for individuals upwards of $160k for couples, people consistently spend nearly every dollar that they bring home. Ya, most are saving in 401ks and have a small emergency fund set aside so their future won't be screwed but there usually isn't anything left over to buy "fake money" as some of them call it. Those are the smart people too. The dumb ones already have 10s of thousands of CC debt, student loan debt and auto debt and they spend more a month than they bring home with no retirement savings. Oh well, i guess that just means our crypto holdings will go up when "regular" people finally start dumping money into it. Oh and I must have woke up Litecoin with my comment yesterday. Nice 15% gain for it in the last day. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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