When you consider so many adults can't even do a basic budget then yes the idea of savings has to be taught in my opinion, even if only to emphasize its importance in the face of a never ending onslaught of a culture that demands us to spend.
Who's going to teach them? Schools? LOL. Well, in my household it's the parent me teaching the kid. But yeah, I do think there should be a semester on basic money management taught in public schools. And probably another semester on basic life skills that it seems many parents don't teach or don't even know themselves. |
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I don't know man, we treat "don't consume what you can't afford" like some kind of arcane fucking wisdom that has to be taught.
No.
This is BASIC reality, like fire is hot and water is wet.
fucks sake people
There's knowing that and there's putting it into practice. When you consider so many adults can't even do a basic budget then yes the idea of savings has to be taught in my opinion, even if only to emphasize its importance in the face of a never ending onslaught of a culture that demands us to spend. Heck we even see it on here sometimes when people over invest and get themselves in trouble because they didn't follow the mantra of not to invest what they can't lose. Just my opinion. |
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Ya gotta be personally interested or introduced to the concepts at a young age I think for those financial management habits to germinate. For me it was the former because my parents didn't really understand how to plan for the future though they were frugal by nature. They had no problem stressing the importance of having a savings account but investments were almost a foreign concept. I think if you give people the tools/knowledge the earlier the better, it alleviates some of the stress of screwing up when you see the runway you have at age 15 compared to age 50. A lot of folks kind of have a basic idea of what they should do but they also think it's way out of reach so why bother? Obviously those of us on here don't have that mindset but I understand where it comes from. This is a good book to start young teens or earlier out on money management concepts... https://www.amazon.com/gp/product/1634139437Obviously there won't be crypto in there but I'm sure a motivated parent or other relative can fill in those blanks when they are ready. |
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Well, strongly worded missives in online forums at least.  |
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Haha, out of merit but you deserve some for that, classic. It needs an update for 'time spent manually placing straight lines to predict future of chaotic datasets'. |
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Next bullrun the only currency people will care about is USD. However, the bull run after that I'm thinking perhaps they will be caring about BTC as the currency everything else is expressed in.
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Now this is bullish to me... https://cointelegraph.com/news/bitcoin-fares-well-against-fiat-currencies-but-its-in-a-class-of-its-own“Some experts misguidedly confuse price with purchasing power, i.e., they believe that a currency’s purchasing power is directly expressed by its USD value. In fact, Bitcoin’s purchasing power has risen as steadily as the dollars’ has fallen. Since the start of the 20th century, a single dollar’s impact on the material flow of goods and services in the world has steadily declined. Bitcoin’s impact on wealth and the flow of capital is becoming more powerful every day, as the engineers and entrepreneurs in our space continue to build out its spending infrastructure.”
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For some reason reading that quote I hear it in Charles Bukowski's voice. |
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I think Ethereum 2022 in price 1000$+ because day by day this user increase but supply limit.
supply limit ? There is no limit on ETH supply There is a practical limit. https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/By approximately the year 2140, the issuance of BTC ceases and since some BTC will likely be lost each year, the monetary base of Bitcoin is expected to start shrinking at that point.
At approximately the same time, the expected rate of annual loss and destruction of ETH will balance the rate of issuance. Under this dynamic, a quasi-steady state is reached and the amount of extant ETH no longer grows. If the demand for ETH is still growing at that point due to an expanding economy, prices will be in a deflationary regime. This is not an existential problem for the system since ETH is theoretically infinitely divisible.
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This is a pretty huge milestone in my opinion and I see it as a net positive rather than a negative, in so much as it shows that the Ethereum development community is generally very focused on good practice. Assuming the dev community addresses the issues brought up in the report as it seem they are doing... https://cointelegraph.com/news/eth-20-audit-highlights-risks-to-block-proposers-and-p2p-protocolWhile the report found the ETH 2.0 specs to be “very well thought out and comprehensive,” noting that “security had been a strong consideration during the design phase,” Least Authority highlights concerns regarding the P2P layer and risks to block proposers.
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I keep hearing that the stimulus package passed but am seeing conflicting reports.
Is the digital dollar included?
No. Last I read the Senate deal has been agreed to but not voted on. The House bill had the digital dollar in it but that was taken out and made into a separate bill. I don't think it was ever in the Senate bill. |
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...and this time around people will be more matured so they'll not dump right away ...
Haha! That's a good one! |
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he said he knew how to access the coins but didn't have time to do it himself
Who's got time for that? That's just science. |
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Market Cap of Bitcoin in 2025 - Trillion -??
Sure, why not. Gold market cap is 6.5 trillion. A trillion for btc would put us at about $50,000 in USD which I'm guessing by 2025 will be just enough to buy a roll of toilet paper. Golden times ahead friends! https://cointelegraph.com/news/as-trump-talks-trillions-binance-ceo-predicts-2t-bitcoin-market-capTrillions are on the table, and Bitcoin has already seen price gains following the Fed’s suggestion that it could print an infinite amount of cash. According to Zhao, Bitcoin ride this wave all the way to $100,000:
“As we get used to talk about Trillions, a modest $2 trillion market cap of#bitcoin will put 1 BTC at $100,000. Not such a hard to imagine number now, right?”
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I didn't study economics or anything else really at school.
So which brokerage house do you work for? LOL, just kidding. I remember the silver jump in the 70's, invested basically at the high then with some mercury dimes, I think for the princely sum of about $80 USD. Still have the dimes, they are cool to look at but not worth much. Silver as a play has never seemed to work out the few times I've watched and considered it. |
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This guy again... https://cointelegraph.com/news/only-fools-are-choosing-bitcoin-says-gold-bug-peter-schiff...Schiff often attempts to convince his followers that Bitcoin is not a worthy investment. On March 10, Bitcoin surged to $8,150 before encountering resistance and being pushed back to $7,730 while most of the market was in a freefall. Shiff at the time ignored the fact and said:
“Bitcoin is no longer a non-correlated asset. It's positively correlated to risk assets like equities, and negatively correlated to safe-haven assets like gold. When risk assets go down, Bitcoin goes down more. But when risk assets go up, Bitcoin goes up less. No value in that!”
As of press time, Bitcoin is 6% up on the day as Wall Street opened in the green.
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