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189 sats \ 17 replies \ @GhostofTruth OP 10 Mar 2024 \ parent \ on: Fuel for the Bull Run econ
I just had a conversation with someone from Germany who bought bitcoin for €500 a few weeks ago and is now annoyed that he only made 40%. i have no idea about money at all, there are much better coins on the market. it's exasperating, people here in europe really have no financial education at all.
That's unbelievable.
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and I've talked to at least 20 people about the introduction of ETFs and about possible banking crises etc etc-no one is getting the point here, it's all about climate change
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People don’t care. I thought it was ignorance of complicated finance terms now I believe it is a head-in-the-sand response. They sort of know and they don’t want to be reminded of it. .
Climate catastrophe or ‘the illegal invasion of blah-blah….’ Are certainly buzz terms in the EU at the moment
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And Putin....
But I think it's a mixture of stupidity and ignorance. And the unchallanged believe in the omnipotent state.
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yes, you're absolutely right about the difference in mentality. i myself also feel almost completely alone as a libertarian. But imagine if you had to discuss integrating Bitcoin into a pension fund with these people. I can't imagine that we could build any kind of rational bridge to these people
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I'm with ya on that: people simply don't care until there's another bull run and hear about that guy in the family that does own some bitcoin; he's suddenly more popular than ever in the family. I'm talking from recent experiences.
They could've been up there with me, but nooo, I don't know what I'm doing, yeah right.
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At the beginning of the last cycle, I talked my tongue to my German friends. One of them saw Bitcoin as a casino and is now complaining to me that the 500 euros he invested only yielded a 40% return. It's unbelievable, but the majority of Europeans are communists at heart. That's why they have such a problem with freedom technology like Bitcoin. They will vehemently oppose it to the last moment and defend everything their rulers tell them to do.
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Fuck them, more for me.