Bitcoin traders are sometimes accused of unfairly profiting from an opaque asset beyond the understanding of ordinary people.http://www.newyorker.com/online/blogs/currency/2014/07/bidding-on-bitcoin.htmlYesterday I met a couple of my old classmates on the street. They asked about Bitcoin and started to whine that most people don't understand the mathematical fundamentals behind Bitcoin and therefore had no realistic chance to invest when it was cheap. Of course, I encouraged them to invest now (better late than never) but seems that people generally rather enjoy wallowing in their own self-pity than take steps to adapt and overcome.
Even in this forum I have seen demeaning opinions about people who bought in when Bitcoin was trading single digits --- "
they are not real investors and their earnings are equivalent to winning with a lottery ticket".
I can see that these issues can raise some negative emotions and Bitcoin has even not risen to 6666$ yet
. What's the worst case scenario to follow? Bitcoin Jesus getting beaten up by angry conventional Warren Buffer apprentices?
This is the correct way it should be, our society should not reward people that are lazy and unwilling to learn.
Let's put it this way; most people don't truly understand how conventional money works, they don't understand forex or the commodities markets and most don't understand superannuation.
These people are lazy! They put in 3 hours a day into the television, games, drinking beer! But they won't educate themselves. Then they wonder why others are rich and they are poor.
Bitcoin is not unique is this regard, it's another specalised area of money and finance that most people are too damn lazy to educate themselves about.
I love that we live in a society that rewards intelligent researchers such as ourselves than the lazy people that want millions for watching their televisions.
Put in the effort to learn, if you're unwilling to do so, don't complain! Tell these old friends that! Slow movers unwilling to put in the effort and learn must learn instead to be content with society moving ahead whilst they watch their televisions!
How can I feel bad for a lazy person? Money is one of the most important things in their lives yet they don't even know how the monetary system even works!