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RE: Luxury can wait

in LeoFinance4 years ago

I think a lot of people are so settled in their jobs/work that they are scared that in case their currency fails, or devalues a lot, their worth will be really less.

So, they don't want to believe in cryptocurrency. They want their centralized currency to succeed because their companies/business does not pay them in cryto.

Sure, there are a few people who like to diversify. And avoid the risk that real estate and national currency can fail at any time. And they will still have enough money in the form of decentralized currency to survive.

For example, my father always invested only in real estate. And because first few of his investments paid so good(in 1980-1990) and the recent ones from 2015 are in loss, the idea is ingrained in him that investment in real estate will pay.
Anything else like stock markets etc will make you a loser in the long term because you cannot time the market to enter and exit.

A lot of people around me has grown up seeing the massive gains in real estate world. Even though the real estate has been a loser in the last decade, they still want to invest in it only.

It takes an open mind to put your hard earned money in something you don't understand completely. Even though you you can put your money in something that you understand but others say it will be a loser.

I believe crypto world works on belief. People like us believe that there should be decentralized currencies.

Similarly, there are people who believe that every currency should be backed by a government, who is answerable to us(even though they only have excuses for economic failures and promises of a better future).

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their worth will be really less.

Most people don't have that much value, because of the system. You'd think they would want to change.

I believe crypto world works on belief. People like us believe that there should be decentralized currencies.

All markets and value are on belief - without it, there is no value.

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