I believe that a huge portion of the the crypto community are still young college students that don't have any necessities that need another source of income aside from their scholarships / the money they are getting from their parents .
And apart from spending their cryptos on either betting or purchasing goods/video games from online markets , many of these students didn't make plans for what they'll do with their coins in the future.
I myself have had many thoughts about hodling and launching a business as soon as i graduate with the coins in my possession , yet i'm not exactly sure what i'll be doing ..
So i'm really curious about :
- On what do you spend your coins apart than partying/gambling/paying for tuition loans ?
- Do you have any future plans for your coins if you are hodling any ?
Well you have to take a note that many crypto users are mostly younger population because this is something "fresh" and new, as young people will accept change more likely than older. Because for older people to accept it more time has to pass.
It all depends on what your end goal is and how many are you holding. For instance if you have few mils saved up maybe I would go with RE, tho I do not believe I'll have millions to do that. So for me I am looking into building the business as well or at least investing into other things where passive income is possible. You can however try to start the business even now if you think you can manage to study and manage the business. Fiat or crypto is just a tool, a medium of exchange, for us to acquire more and be able to get other things that we need, this is why some people don't really see crypto as an investment for example.
You don't need much money nowadays to start the business as all you have to do is work really hard, it's easier with good money to start of course. I will most likely go with business one day or another because even if crypto grow and surpass my business, I still have something that I have made that can potentially bring me good income and a place to produce value for others, where as with crypto you hold and do nothing, or you try to trade but I don't feel like I am giving any value to other people on the table and it doesn't fulfill me and this is why business is great, but still not an easy task of course.
If you ask me, better is to reinvest that money than go with memes that say buy lambo and other rich things to say, hey I am rich.