Bitcoin disrupt the future job market of millenials
zerohedge.com/news/2017-12-29/stunning-look-inside-world-south-koreas-bitcoin-zombies
the S.Korean survey (which polled 941 people via email from Dec. 19 to 20, with about 80% of respondents in their 20s and 30s) revealed that of those who invested in cryptos, more than 80% made money from it, and about 20% made an average return of 425% on their investment. The average Korean investor owned some 5.66 million won ($5,260) in virtual currencies.
Imagine your circle of friends are making that kind of profits and it seems easy since most of the transaction is done online, something that the millennials are exposed to and grow up with in their generation.
With the wave of influence so strong, how can a young graduate with a few years of working experience resist? Costs of living is going up , we all aspire a higher standard, want more things in life ,etc. Could this cryptos become the mainstream investment vehicle for many more to join in ?
And who would be the last to sit on the chair when the music stops ?
It is said that in investment, one must not have too much emotions yet too little of it would stop someone to take the necessary action to dip in, after all the news is on the wall everyday. Not a single media is not reporting about this bitcoin, some days positive ,some days negative. It's simply too gigantic to ignore , like the elephant in the room.
As a father of two young kids, I am concerned about where the investment market is heading. I wanted him to pick up trading index, forex, commodities when he gets older and understand that one can achieve financial aspiration without career aspiration. That means, if he is doing average in his career , earning a normal salary per month, he can still be financially free if he possess the necessary knowledge and skills in investment. And I am of the opinion the earlier he is exposed to it, the better it is. Fail early, fail often so that his heart becomes stronger and do it when he has lesser commitment.
Then again, I respect his views as I know the young ones has their own views and ways of doing things. I would support him but I know I have to let him experience this journey himself. Bailing him out financially may not necessarily be good for him and he may not have the fortitude to fight back the battle. He needs to learn the "never give up" attitude in trading.
A failure or two is part and parcel of trading and it is necessary for growth. I was exposed late in trading , had one too many failures in overtrading, burnt a few portfolios and still standing strong here today while most of my trading friends have hang up their trading gloves and relying on bank interests to grow their money.
Rest if you must in this journey but always come back to the market. The market will give you an opportunity if you first allow yourself the opportunity no matter how small your position size is. Trade small lots, gain your confidence, learn from others, manage your emotions (get better over time) and have a grateful attitude.
I wish everyone all the best in this journey !
the S.Korean survey (which polled 941 people via email from Dec. 19 to 20, with about 80% of respondents in their 20s and 30s) revealed that of those who invested in cryptos, more than 80% made money from it, and about 20% made an average return of 425% on their investment. The average Korean investor owned some 5.66 million won ($5,260) in virtual currencies.
Imagine your circle of friends are making that kind of profits and it seems easy since most of the transaction is done online, something that the millennials are exposed to and grow up with in their generation.
With the wave of influence so strong, how can a young graduate with a few years of working experience resist? Costs of living is going up , we all aspire a higher standard, want more things in life ,etc. Could this cryptos become the mainstream investment vehicle for many more to join in ?
And who would be the last to sit on the chair when the music stops ?
It is said that in investment, one must not have too much emotions yet too little of it would stop someone to take the necessary action to dip in, after all the news is on the wall everyday. Not a single media is not reporting about this bitcoin, some days positive ,some days negative. It's simply too gigantic to ignore , like the elephant in the room.
As a father of two young kids, I am concerned about where the investment market is heading. I wanted him to pick up trading index, forex, commodities when he gets older and understand that one can achieve financial aspiration without career aspiration. That means, if he is doing average in his career , earning a normal salary per month, he can still be financially free if he possess the necessary knowledge and skills in investment. And I am of the opinion the earlier he is exposed to it, the better it is. Fail early, fail often so that his heart becomes stronger and do it when he has lesser commitment.
Then again, I respect his views as I know the young ones has their own views and ways of doing things. I would support him but I know I have to let him experience this journey himself. Bailing him out financially may not necessarily be good for him and he may not have the fortitude to fight back the battle. He needs to learn the "never give up" attitude in trading.
A failure or two is part and parcel of trading and it is necessary for growth. I was exposed late in trading , had one too many failures in overtrading, burnt a few portfolios and still standing strong here today while most of my trading friends have hang up their trading gloves and relying on bank interests to grow their money.
Rest if you must in this journey but always come back to the market. The market will give you an opportunity if you first allow yourself the opportunity no matter how small your position size is. Trade small lots, gain your confidence, learn from others, manage your emotions (get better over time) and have a grateful attitude.
I wish everyone all the best in this journey !
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