Millennial generation are screwed!

[Broly46]

First they spend more time on video games than any other generation, an average gen millennial spend 8 hours on games everyday! Ridiculous!

They basement dwellers

They deep on student loan

They no saving

They have no job security

Now they spend more money on bitcoin than all generation!

It never get bored millennial has been on the headlines since the god know when it all began.

Can crypto make millennial more screwed or otherwise? Let’s discuss!

[1714857051]

1714857051

[The Sceptical Chymist]

Now they spend more money on bitcoin than all generation!

This is actually an interesting thread to me, but do you have a link for your above assertion?

They deep on student loan

That's one of the things I hear most about millenials, and it's probably true.  Unfortunately I think a lot of college students these days are majoring in foofy subjects like gender studies and other ultra-liberal subjects and not in stuff that would give them specific skills in the workforce (like, you know, STEM).  I had to take out loans for college, but I was able to pay them back relatively quickly because I was able to get a job right after graduation in the field that I majored in.  You just can't do that when you study liberal arts offerings.

Can crypto make millennial more screwed or otherwise?

No.

They basement dwellers

That's a silly characterization and is basically just an internet insult that predates millenials.

[CryptoBry]

Can crypto make millennial more screwed or otherwise? Let’s discuss!

I really hope not. Bitcoin and the whole cryptocurrency can be considered as part of the millennial generation, if I am not mistaken with that statement. Now, as such, we can say they own this thing, in a broader sense of the word. We know that millennials command a big force in the cryptocurrency market. In a survey conducted, millennials see Bitcoin as the best alternative to gold. And although, some points you raised can be true, millennials can be considered as savvier when it comes to investing and trading compared to the past generations. Now, if we can convince these guys to save more for their future, we will have a perfect storm that can be building up more innovations and demand as well for the future of Bitcoin and cryptocurrency in general. This generation is not screwed, no not ever, as each generation do have its own weaknesses and strengths as well.

[AniviaBtc]

First they spend more time on video games than any other generation, an average gen millennial spend 8 hours on games everyday! Ridiculous!

Can crypto make millennial more screwed or otherwise? Let’s discuss!

Since they like playing video games all day, they will treat bitcoin as a game also. But video games are digital, and bitcoin is also digital. They can apply their knowledge about the strategy that they learned in video games. Unfortunately, it is not related on money, so it is useless. Bitcoin will make them more lazy and unproductive. They will just wait for the price of bitcoin to rise. They will not think critically on when to trade to gain more profit. I think bitcoin will get them more screwed.

[Lucius]

Can crypto make millennial more screwed or otherwise? Let’s discuss!

Video games are not bad when looking at the whole picture, they can be fun, educational and, according to some researches, even help in developing certain abilities. But there is no doubt that they can act very destructively, especially those games that promote violence, which combined with the availability of firearms, has very devastating consequences for society. Just look at the USA for example, they have an average of 1 mass murder per day.

In my opinion it is better to spend time with Bitcoin (trading, investing, working for crypto) then to play games, just because there is a very good chance that Bitcoin can contribute to a better future for each individual financially. However, there is also a risk that Bitcoin will fail, which would mean that the time or money invested in it has irreversibly failed. That's a risk, but I'd rather take it than play video games or watch tv.

As for the other aspects, not all students have loans (at least in Europe), mostly parents pay for their studies, and students can not have savings because they are too young. It is true that they do not have job security, but this is problem for all age categories.

[Cnut237]

They basement dwellers

They deep on student loan

They no saving

They have no job security

These all have the same causes: rising inequality in society, and the ridiculous inflation of house prices.

Now they spend more money on bitcoin than all generation!

Not sure if this is true or not, but it's plausible as younger people are generally more tech-savvy than older generations, and millennials probably have a bit more money to spend on crypto than do younger adults.
If they do spend more on bitcoin, then that might be their way out of the situation they find themselves in in the first set of points. Buying bitcoin is I think a good financial decision for the long-term.

[Broly46]

Now they spend more money on bitcoin than all generation!

This is actually an interesting thread to me, but do you have a link for your above assertion?

Crypto has never lack of news some millennial sold their entire belonging to buy bitcoin, Didi, Roger Vers, Binance of CZ, Vitalik Buterin of the Ethereum, Bobby Lee, Friedcat of the asicminer, Charlie Lee Litoshi etc  I think they’re all considered millennial
https://ibb.co/4WrMQG6

They deep on student loan

That's one of the things I hear most about millenials, and it's probably true.  Unfortunately I think a lot of college students these days are majoring in foofy subjects like gender studies and other ultra-liberal subjects and not in stuff that would give them specific skills in the workforce (like, you know, STEM).  I had to take out loans for college, but I was able to pay them back relatively quickly because I was able to get a job right after graduation in the field that I majored in.  You just can't do that when you study liberal arts offerings.

That’s so wrong in today market, I don’t think all of them have any market value, profit is all that matter not career, btw banking is above all career.

Can crypto make millennial more screwed or otherwise?

No.

I say yes. TLDR.

They basement dwellers

That's a silly characterization and is basically just an internet insult that predates millenials.

[/quote]
That’s could be years ago, when it was still a fresh new idea. It may no longer stand a meme, but a reality eventually.

[lobat999]

First they spend more time on video games than any other generation, an average gen millennial spend 8 hours on games everyday! Ridiculous!

Of course! Most see it as a form of recreation and technological advancements makes those games more enjoyable and entertaining than ever!

They basement dwellers

Most are now in residential suites.

They deep on student loan

Most of them likely have car loans.

They have no job security

Correct! But they are now more empowered than ever!

Now they spend more money on bitcoin than all generation!

Not true! Most likely they've saved more money on Bitcoin than all generations especially on 2017 bull run.

It never get bored millennial has been on the headlines since the god know when it all began.

Millennials are the stars of the century!

Can crypto make millennial more screwed or otherwise?

Seems like a double barreled question. I guess it depends on your perspective but my answer is no.

But come to think of it, most millenials are the driving force of today's economy example of which is Facebook's founder - Mark Zuckerberg and others who have contributed on today's technological revolution. So in essence, stereotyping millenials isn't a good idea.

[erickastella]

I do not think so, my friends who originally liked to gamble after he was familiar with cryptocurrency like bitcoin, altcoin or something like that he changed completely who initially liked to gamble is now a professional trader. precisely with the introduction of cryptocurrency to millennial the popularity of cryptocurrency is getting higher which causes people to be interested in it and unconsciously altcoin / bitcoin will rise slowly.

[Broly46]

Can crypto make millennial more screwed or otherwise? Let’s discuss!

I really hope not. Bitcoin and the whole cryptocurrency can be considered as part of the millennial generation, if I am not mistaken with that statement. Now, as such, we can say they own this thing, in a broader sense of the word. We know that millennials command a big force in the cryptocurrency market. In a survey conducted, millennials see Bitcoin as the best alternative to gold. And although, some points you raised can be true, millennials can be considered as savvier when it comes to investing and trading compared to the past generations. Now, if we can convince these guys to save more for their future, we will have a perfect storm that can be building up more innovations and demand as well for the future of Bitcoin and cryptocurrency in general. This generation is not screwed, no not ever, as each generation do have its own weaknesses and strengths as well.

There is no lacking of discussion how screwed they’re. Btw in a sense of independency, all millennials failed at it, they depend on their parent for hand out at some point, none of them can perfectly survive on their own.

First they spend more time on video games than any other generation, an average gen millennial spend 8 hours on games everyday! Ridiculous!

Can crypto make millennial more screwed or otherwise? Let’s discuss!

Since they like playing video games all day, they will treat bitcoin as a game also. But video games are digital, and bitcoin is also digital. They can apply their knowledge about the strategy that they learned in video games. Unfortunately, it is not related on money, so it is useless. Bitcoin will make them more lazy and unproductive. They will just wait for the price of bitcoin to rise. They will not think critically on when to trade to gain more profit. I think bitcoin will get them more screwed.

That’s the most hilarious reply I could have heard, I don’t know how many guys treat it as a game, but I know many treat it an investment that can turn into profit, and they’re setting up mining farm so that they can harvest all the profit for their personal gain, a far fetched from being a game.

[airdnasxela]

Can crypto make millennial more screwed or otherwise? Let’s discuss!

You cannot generalize every millennial. Most may do such things like focusing on video games but not all millennials are like that, It would still depend on every individual may be it a millennial or not, if they're going to let crypto affect their lives in a darker side or a brighter side. If I'm not wrong, millennials are from early 1980s up to 2000s. So we can conclude that  a lot of them were still studying who still have no bigger savings. Others are still too young to know the essence of bitcoin and cryptocurrency. But we cannot conclude already that millennials are screwed since they (we) are the one who's going to spread awareness on bitcoin in the future.

[jmigdlc99]

So much hate towards millennials, i wonder where it's coming from?

Don't know why but i feel that all this hatred towards is going overboard. There are also lots of things that can be said about baby boomers or non-millennials but if you try and see beyond those mentioned by the OP, you'll also see some good things that millennials have done. Also, spending and buying more bitcoin is good right? At least for us bitcoin investors.

[Broly46]

Can crypto make millennial more screwed or otherwise? Let’s discuss!

 for the other aspects, not all students have loans (at least in Europe), mostly parents pay for their studies, and students can not have savings because they are too young. It is true that they do not have job security, but this is problem for all age categories.

Student loan ranging $200k to $500k is nothing unusual, the sum of them worth trillions, that sound worse than the entire crypto market cap. Of course we have no idea what is the threshold to consider it’s too big to failed loan.

They basement dwellers

They deep on student loan

They no saving

They have no job security

These all have the same causes: rising inequality in society, and the ridiculous inflation of house prices.

The rising of cost in the past few years are overwhelming! I’m seeing most staple food an increase of over 100% in just a few years, how to determine the real inflation with so many data to mess around??

Now they spend more money on bitcoin than all generation!

Not sure if this is true or not, but it's plausible as younger people are generally more tech-savvy than older generations, and millennials probably have a bit more money to spend on crypto than do younger adults.
If they do spend more on bitcoin, then that might be their way out of the situation they find themselves in in the first set of points. Buying bitcoin is I think a good financial decision for the long-term.

[/quote]
My gut feeling tell me, no other generation can have more capable know how to navigate Internet and crypto so efficiently than this generation, that should sum up all the doubts.

[Broly46]

Of course! Most see it as a form of recreation and technological advancements makes those games more enjoyable and entertaining than ever!

[/quote]

They basement dwellers

Most are now in residential suites.

In case of Didi who sold the house, nope, it’s kinda sad to have exchanged it for bitcoin

They deep on student loan

Most of them likely have car loans.

Credit card, car loan and house loan, study loan, what else we could missing

They have no job security

Correct! But they are now more empowered than ever!

Job security mean a lot to a person, it save them a living in their late life, btw young guy may find it to difficult to grasp its importance.

Now they spend more money on bitcoin than all generation!

Not true! Most likely they've saved more money on Bitcoin than all generations especially on 2017 bull run.

That’s a wild run, and most exchange are down following a two years of long term bear cycle, I wonder they have spent all their saving on their new gadget rent and fine dining.

It never get bored millennial has been on the headlines since the god know when it all began.

Millennials are the stars of the century!

That’s too early to be entitled such luxury.

Can crypto make millennial more screwed or otherwise?

Seems like a double barreled question. I guess it depends on your perspective but my answer is no.

But come to think of it, most millenials are the driving force of today's economy example of which is Facebook's founder - Mark Zuckerberg and others who have contributed on today's technological revolution. So in essence, stereotyping millenials isn't a good idea.

Society may beg for a differ answer, they would still call them screwed into crypto, the most notable critics are the Oracle of the Ohama

I do not think so, my friends who originally liked to gamble after he was familiar with cryptocurrency like bitcoin, altcoin or something like that he changed completely who initially liked to gamble is now a professional trader. precisely with the introduction of cryptocurrency to millennial the popularity of cryptocurrency is getting higher which causes people to be interested in it and unconsciously altcoin / bitcoin will rise slowly.

Your friend did a very good job in trading, that’s very fortunate. That’s sound plausible to gain more popularity.

[yoseph]

Now they spend more money on bitcoin than all generation!

This is actually an interesting thread to me, but do you have a link for your above assertion?

They deep on student loan

That's one of the things I hear most about millenials, and it's probably true.  Unfortunately I think a lot of college students these days are majoring in foofy subjects like gender studies and other ultra-liberal subjects and not in stuff that would give them specific skills in the workforce (like, you know, STEM).  I had to take out loans for college, but I was able to pay them back relatively quickly because I was able to get a job right after graduation in the field that I majored in.  You just can't do that when you study liberal arts

I sometimes wonder the counselling that people give to the students who they are in high school when it comes choosing the right major during college. Lots of people are deep in student loans with degrees that's useless in the real world. But they just choose it because they are passionate about it meanwhile it doesn't put any money in their pockets nor food on the table.

[exstasie]

First they spend more time on video games than any other generation, an average gen millennial spend 8 hours on games everyday! Ridiculous!

They basement dwellers

The next generation will be even worse. Millennials started the trend but Generation Z is taking it to the next level:

• 68% of Gen Z males agree that gaming is an important part of their identity.
• 91% of Gen Z males regularly play video games, only incrementally higher than Millennials (84%).
• Similarly, among both generations, the stereotype of gamers has eroded. ‘Gamer’ no longer conjures the negative affiliation of a lazy guy in his parents’ basement.
• 84% of Gen Z and Millennial males say it is cool to play video games, and 71% agree that they would call themselves a gamer.

They deep on student loan

They no saving

They have no job security

These are really interesting times. Millennials are the first generation where the economic prospects are decidedly worse than the previous generation. Generation Z will be the 2nd. The kids I'm around seem more aware of this phenomenon than I ever was when I was young.

Now they spend more money on bitcoin than all generation!

That might be the only thing that saves them.

[ChrisPop]

I've recently looked at a study that Millenials are a weak generation and that the next generation is going to be even worse. That's because the pain tolerance of millenials is WAY lower than the generation X. I agree that the majority of milenials are lazy and it looks like they have no ambitions. There are a lot of exceptions though, but wasting hours and hours of the day to watch Netflix or play video games is not a good sign at all. TIME is the only most valuable resource we have in this life and we should use it wisely. But, Bitcoin is definitely not a waste of time and I believe them investing in cryptocurrencies and seeing its potential is amazing. The young generations should look in the future and the next pass in our world's evolution is probably blockchain and cryptos.

[mindrust]

I blame their parents. They shouldn't have made more kids than they could afford to feed. Parents should take fundamental analysis classes before making kids. If everybody knew when and how many kids to make, there wouldn't be any poor people.

[Tylev]

In our century of rapid technological development, each subsequent generation will be different from the previous one. The current young generation spends most of their time on the Internet, including video games. The Internet and video games develop intelligence and generally a general awareness of our world and the processes that occur in it. However, everything is necessary in moderation. The complete interest in the Internet and video games has also negative sides. The current generation is degrading in physical development. It is always important to have an optimal balance of mental and physical activity.

[yulchatar]

I don't consider video games to be a bad pastime; moreover, many of those who played video games as a teenager later became programmers, developers, etc., simply put, this was the start for their main work. Many before others learned about the crypto space, spending time in gaming clubs and communicating with other players. So, this is more of a plus than a minus.