One of the shocking things is how much cryptocurrency has poisoned the minds of youth who see it as their easy path to riches. Young people simply don’t want to work anymore, everyone is planning to retire very soon and a job is only a temporary inconvenience while they wait for their crypto coins to moon in value and make them millionaires set for life.
The truth is while many people did get very rich getting in early on the cryptocurrency wave, less and less people these days are actually growing meaningful wealth by investing in crypto. Eventually reality will catch up and people will not be able to afford keeping a bunch of coins with questionable prospects, and when they begin liquidating all at once I guarantee some people will become very poor, poorer than they could ever imagine.
"The children now love luxury; they have bad manners, contempt for authority; they show disrespect for elders and love chatter in place of exercise. Children are now tyrants, not the servants of their households. They no longer rise when elders enter the room. They contradict their parents, chatter before company, gobble up dainties at the table, cross their legs, and tyrannize their teachers."
Thanks. It was actually one of quotes that I was certain is originated from greek philosophers. Yeah it seems like it's my turn to cite something incorrectly.
It's a sign of decadence, the question "what's my contribution to society?" is out of sight. Becoming rich by the crypto lottery should not be seen as an achievement with pride, but as the shame of becoming a harmful parasite.
Only a very small percentage, and even then, most of them can only throw a few dollars into it, so they know they won't become rich from it. I wouldn't worry about it. Like another commentor alluded to, there have always been and always will be outliers.
The truth is while many people did get very rich getting in early on the cryptocurrency wave, less and less people these days are actually growing meaningful wealth by investing in crypto. Eventually reality will catch up and people will not be able to afford keeping a bunch of coins with questionable prospects, and when they begin liquidating all at once I guarantee some people will become very poor, poorer than they could ever imagine.