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‘Bitcoin is my potential pension’: What’s driving people in Kentucky to join

washingtonpost.com

20 points by fishcolorbrick 8 years ago · 2 comments

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dokein 8 years ago

Unfortunately people like Knight investing in December was probably the best indicator of a bubble. I distinctly remember seeing my Uber driver pull up gdax in the car and I sold the very next day -- not quite at the high, but still at a reasonable price relative to my purchase price.

The other part that was sad is that he has active student loans, presumably with an interest rate, but it is only with the prospect of cryptocurrency that he started trying to prepare meals and put money aside. This may sound heartless, but I grew up partially in a Third World country and can't help but feel that many Americans' financial situations are self-imposed. Wants become needs, and luxuries become necessities.

  • lazyant 8 years ago

    I think Warren Buffet (?) said almost exactly the same thing, if your taxi driver is talking about some investment, it made the public perception and it's too late now.

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