Why do millennials say housing is in a bubble but bitcoin will go up 600%?
Doesn't seem logical to me
Why do millennials say housing is in a bubble but bitcoin will go up 600%?
Doesn't seem logical to me
Housing or bitcoin wrote:
Why do millennials say housing is in a bubble but bitcoin will go up 600%?
Doesn't seem logical to me
Is it so hard to understand? Millennials can't afford houses, so they hope for a bubble. Millennials can (to some extent) afford crypto currency investment, and so hope that those investments will go up. When people want to believe something, they will tend to believe it, even if logic dictates otherwise. (and yes, bitcoin is absolutely a bubble - as for housing, I can't really say)
There is a belief among many that bitcoin is going to become the new reserve currency (since it cannot be devalued via money printing and there is little need for trust) or atleast play a similar role. If that is the case, then bitcoin is severely undervalued.
Bitcoin was the first attempt at the technology and had flaws it just depends on scarcity and popularity. Realistically if this stuff becomes mass market something better will overtake it.
I'm a millenial who bought a house and I don't buy into the bubble. I'm single so I couldn't afford something huge, but there were options in my price range. When I am older and more established I can consider and upgrade. The only millenials who have problem with housing are the ones who can't manage to find decent jobs or the ones who have expectations that are too high.
They have so little in common that this comparison doesn’t make sense.
Housing or bitcoin wrote:
Why do millennials say housing is in a bubble but bitcoin will go up 600%?
Doesn't seem logical to me
I have zero dollars today. Next year I have one dollar. What is the growth rate of my net worth?
You have $1m today. Next year you have $1.1m. What is the growth rate of your net worth?
Housing or bitcoin wrote:
Why do millennials say housing is in a bubble but bitcoin will go up 600%?
Doesn't seem logical to me
Your post is one logical fallacy.
Because Millennials are idiots!!
You can easily see if someone owns a house.
You can't really tell if someone owns bitcoin.
Most people talking about bitcoin don't own bitcoin.
they love to point at housing as a bubble but say bitcoin will go up forever