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RE: Value added comments

in #education7 years ago

It's a bit of a symptom of crypto in general

There's this perception that a lot of people got rich by doing nothing.

But it's not true.

if you invested $1000 in bitcoin 5 years ago - yes you're filthy rich today if you did not sell - but it takes foresight, dedication, and effort, to hold on through the times where your portfolio has already gone up 2x, 3x, 5x, etc, to the point where it erached $20k+. These people were likely eating, sleeping, and breathing bitcoin (a bit like me lately with vertcoin). To do that for an extended period of time would be exhausting.

It's the same with steem. Except the effort isn't quite as passive, you need to actually put time in to maintain your account. I slacked off over the past few weeks as I had a few things taking my attention away. But I'm back :)

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There's this perception that a lot of people got rich by doing nothing.

That also seems to be the perception of most of the current generation. They see instagram people making loads of money by posting pictures and they think that's how life is, that everyone gets a Maserati just because they showed up. They post 4 garbage pictures and give up because no one is following them.

It used to be that you slaved away your whole life at a job and that was it. Things don't have to be like that, but discipline and personal growth are required. You're probably not going to get rich quickly on Steemit unless you've got some big friends. Even then, you have to put in some effort.

that's because at the moment our generation is experiencing a shit towards more of a class system, and at the same time, things like instagram are providing a window into the other "classes".

And combine that with the fact that wages have been stagnating for the better part of 10-15 years now, slaving away at your job isn't worth it anymore like it once was.

Of course it depends on where you're from, but back in my father's day, he used to earn $35k a year or so, and bought a house for less than $100k.

That same job would now be paying about $80-85k, and that house is now worth around $700k.

so yeah, this generation is getting less patient - but with damn good reason.