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Topic: What will you do in 2030? - page 25. (Read 26872 times)

legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
December 18, 2018, 08:25:45 AM
#27
The demographic pyramid is completely fucked up in many countries, with locals not having kids because basically millennial cannot afford to live on their own due low wages and high cost of living. In Europe it's all over the place.
Idiocracy at it's finest Sad

Isn't a more fundamental cause of the problem the fact that "money" earns more money than "work"? It just keeps spiralling down, meaning you have to work more and more to be able to afford the same things, making it less and less likely to become wealthy, while the ones who are wealthy already see their fortune increase without working for it.
Over the years, I've seen many documentaries about this, and they all conclude the same thing: it's a bad thing for the country as a whole if a few people own almost everything, and that's exactly what's happening.

I know young people with fixed jobs, but I also know many young people who've been working in temporary jobs for years, and don't really have the time and space needed for kids.
I've seen taxes go up in the past decade, and disposable household income hasn't been able to keep up with economic growth for a very long time. It's a slow change, but long-term it can't be sustained.
legendary
Activity: 2170
Merit: 1427
December 18, 2018, 08:02:23 AM
#26
The only thing I aim for, which is something you can't pinpoint a date for, is to have Bitcoin become a globally accepted medium of exchange with a decent level of price stability. I want to disconnect myself entirely from the banking system and have all my income streams be solely in Bitcoin. I don't need a bank. I'm anti debt and have never taken out a loan and never will. If I can't afford something, I simply don't buy it.

Gold was always pointed at to be a perfect currency, which it clearly isn't, well, Bitcoin is taking over where Gold just couldn't serve up to its purpose anymore.
legendary
Activity: 2268
Merit: 18711
December 18, 2018, 07:30:05 AM
#25
Inspect that same graphic on the different European countries. Many are hitting an inverse pyramid demographic graphic, so it's basically game over for state pensions

You are absolutely right. Look at some of the worst affected European countries below. In Germany, there are more than double the number of people in the 50-54 age range than in the 0-4 or 5-9 ranges. This is going to be a huge problem in about 15-20 years. If anyone is interested in looking at your own country, you can access all the data here: https://www.indexmundi.com/factbook/regions




Will giants like Coke still be a good pick for some passive income through dividends by then?

Soft drink consumption per capita has been decreasing pretty steadily for the last 10 years or so in developed nations, given the emerging health risks and increasing government lobbying and taxes on these drinks and their sugar contents. However, these markets are growing in the developing world as disposable incomes rise.

I'm completely biased in my view here since it is tied to the industry in which I work, so don't take this as investment advice, but I think bio-engineering will be huge in the future. We are rapidly approaching a stage where antibiotics do not work, and we have selectively bred "superbugs" which are resistant to all known antibiotics. Technology such as CRISPR is the next stage in treating infection and preventing worldwide epidemics. Not to mention that gene editing could also offer a cure for some cancers and some inheritable diseases like cystic fibrosis.
hero member
Activity: 1148
Merit: 504
December 18, 2018, 07:08:30 AM
#24
I plan to do nothing. Not so long ago I bought a large amount of Bitcoin. If the price of bitcoin rises, then I will have a lot of money and I will not have to work or do anything.
don't always depend on just one thing to live comfortably in the future, don't just depend on bitcoin for your future, you have to try and
work, make a business grow your business to develop, and in your old days you will become rich and alive comfortable
legendary
Activity: 3024
Merit: 2148
December 18, 2018, 04:13:51 AM
#23
If Bitcoin will do good, I hope I'll be semi-retired or even fully retired. The coins I'll accumulate in the coming years should be enough to sustain myself for decades, providing at least some growth, even if it won't be very big. I'm not greedy and don't care about luxuries, so Bitcoin cycles can secure me financially for years ahead. But if we'll have a pessimistic scenario with Bitcoin dying or stagnating, then I might have a hard time in 2030.
legendary
Activity: 2128
Merit: 1775
December 18, 2018, 03:37:37 AM
#22
Hopefully Bitcoin saves our ass and by 2030 we don't have to worry about money anymore.
I don't think for investment in 2030, I will enjoy the rest of my life in a mountain full of snow and animals, Bitcoin and cryptocurrency continues to grow as the world grows with a luxury economy, I hope that by 2030 crypto will be able to surpass Bitcoinrecently.
newbie
Activity: 15
Merit: 0
December 18, 2018, 02:35:47 AM
#21
I plan to do nothing. Not so long ago I bought a large amount of Bitcoin. If the price of bitcoin rises, then I will have a lot of money and I will not have to work or do anything.
full member
Activity: 1050
Merit: 100
December 18, 2018, 02:04:05 AM
#20
IF i say now then it will be unrealistic and in 2030 i have so many plans to do at that time and for now i want to make money because in future for businesses i will need more money for establishing of new businesses and i can buy an established businesses as well.
of course I will do it too, build a business, where maybe 2030 I have run a business as a result of diversifying cryptocurrency, and of course I still hold bitcoin as an investment
hero member
Activity: 3150
Merit: 937
December 18, 2018, 01:48:15 AM
#19
Looks like many economies around the world are going to be suffering major downfalls around 2030. The demographic pyramid is completely fucked up in many countries, with locals not having kids because basically millennial cannot afford to live on their own due low wages and high cost of living. In Europe it's all over the place. What grinds my gears is economists saying immigration is the solution and they will pay our retirement funds. This is insanity.

Anyway, do you have a portfolio that makes you comfortable about the future? we are definitely on our own so be sure to have some passive source of income for the future. Hopefully Bitcoin saves our ass and by 2030 we don't have to worry about money anymore.

You are right about this.I refuse to have kids,because of the high prices and low wages.Getting a job is harder than before and the cost of living always goes up.However,I'm glad I paid off my student debt and I don't have any mortgage or debt.I will hope that bitcoin will hit 50-90K USD around 2030 and I will keep my bitcoins untill then.
full member
Activity: 546
Merit: 100
December 18, 2018, 01:24:28 AM
#18
IF i say now then it will be unrealistic and in 2030 i have so many plans to do at that time and for now i want to make money because in future for businesses i will need more money for establishing of new businesses and i can buy an established businesses as well.
sr. member
Activity: 896
Merit: 253
December 18, 2018, 12:41:09 AM
#17
Looks like many economies around the world are going to be suffering major downfalls around 2030. The demographic pyramid is completely fucked up in many countries, with locals not having kids because basically millennial cannot afford to live on their own due low wages and high cost of living. In Europe it's all over the place. What grinds my gears is economists saying immigration is the solution and they will pay our retirement funds. This is insanity.

Anyway, do you have a portfolio that makes you comfortable about the future? we are definitely on our own so be sure to have some passive source of income for the future. Hopefully Bitcoin saves our ass and by 2030 we don't have to worry about money anymore.

No one could really know what would happen in the next years to come, but I guess crypto would be still here but I won't count on it and would diversify my investments to other financial institutions.
legendary
Activity: 1372
Merit: 1252
December 17, 2018, 11:39:42 PM
#16
By the time I'm proper old I'll be amazed if there's a state pension of any sort.

We haven't even hit peak baby boomer yet. The number of adults who are retired and claiming pension is increasing. Look at this chart for the US, for example:



Look particularly at the 50-64 age ranges which are relatively larger, and the 5-19 age ranges which are relatively smaller. In the next 10-15 years, all those baby boomers will be hitting pensionable age, whilst a lower number of Generation Zs will be taking their place. On top of that Millennials are having less children, and so the trend is only going to get worse, with a growing elderly population and a shrinking workforce.


Inspect that same graphic on the different European countries. Many are hitting an inverse pyramid demographic graphic, so it's basically game over for state pensions, not even minimum pensions will be delivered to millennial by the time they are 65 (or 70... since they keep making us work for longer). So we must have our own set of passive income sources, or else we are pretty much fucked, specially those with physical jobs. If your job is not too taxing on your physique you may stretch retirement for longer, but even then, your mind slows down with age and you cannot put as many hours anymore on mental tasks. People often underrate how many calories mental tasks can burn.

I see Bitcoin as a must have in a 2030 portfolio, what else do you consider? Bonds are out of the question, so which stocks would you hold? Will giants like Coke still be a good pick for some passive income through dividends by then? we must start planning now, 10 years can go by very fast.
legendary
Activity: 2436
Merit: 1362
December 17, 2018, 06:30:15 PM
#15
Re pensions, i think its a worldwide problem. So many countries have an ageing
population with less people to support the pensions.

Not so long ago South Korea were trying to promote conception by letting people
off work early so they could go home and make babies! I cannit find the article
but if anyone is interested here is a worrying report abiut the population crises
in South Korea > https://www.citylab.com/life/2018/08/south-korea-needs-more-babies/565169/

So in 2030 i hope to not be working a day job at least, and more so well before
2030. I will be in my 60's then so I really dont want to think about it for now.
I am hoping on a 5 year plan..............
legendary
Activity: 1806
Merit: 1521
December 17, 2018, 03:40:59 PM
#14
Looks like many economies around the world are going to be suffering major downfalls around 2030. The demographic pyramid is completely fucked up in many countries, with locals not having kids because basically millennial cannot afford to live on their own due low wages and high cost of living.

What's special about 2030? What data are you looking at?

In developed countries, childbirth rates have been falling for decades and decades. I think it's also a function of economic prosperity, urbanization, and changing cultural norms and not just the increasing financial burdens of millennials relative to previous generations.

Hopefully Bitcoin saves our ass and by 2030 we don't have to worry about money anymore.

If the world's going down the shitter, Bitcoin won't save us. Wink
legendary
Activity: 2268
Merit: 18711
December 17, 2018, 02:45:25 PM
#13
I hope to be still alive and working, as I don't care for idle hands all that much.

With you there. I have no doubt that by the time I reach current state pension age, the age requirement will have increased by 5-10 years and the pension will be laughable, if there at all. I have absolutely no intention of relying on the state pension, even in part, for my retirement fund. Luckily, I have a job that is well paying - which makes it that much easier to invest for retirement - and which I actually enjoy. I have no plans to push for an early retirement, and my job is such that I could restructure my duties, drop my on-calls, and go down to some relatively lighter part-time work without much hassle.

As to the fate of bitcoin in 11 years, I'll echo what Satoshi said 9 years ago - "there will either be very large transaction volume or no volume".
legendary
Activity: 3500
Merit: 6981
Top Crypto Casino
December 17, 2018, 02:15:52 PM
#12
It's a ponzi and one that's running out of steam.
It's so very ironic that Ponzi himself got busted for what he did with his scheme, yet the governments of the world have learned so very, very much from him.  The United States certainly did with its social security scheme, which is much like what you described and I know you don't live in the US.

2030?  I hope to be still alive and working, as I don't care for idle hands all that much.  Not sure what the fate of bitcoin is going to be, but I'm actually more curious as to how bitcointalk is going to look like that far down the line.  I wonder if it'll still exist in its present state, whether there will still be signature campaigns and shitposters, and whether we'll still be waiting for the new forum software to be implemented.  2030 may seem like it's a long ways away, but it really isn't--but a lot of things could change in 11 or so years.

Man, I hate contemplating the future.
member
Activity: 462
Merit: 14
December 17, 2018, 01:59:32 PM
#11
I think many technologies that are in fashion now a days will be out dated and there will be some new advancements. If bitcoin will be there then surely I will be doing crypto business on massive level. I would like to launch my own exchange. Well for the 2030 I have not imagined yet,what I will be doing if there is some new currency or method.
legendary
Activity: 3668
Merit: 6382
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December 17, 2018, 01:37:58 PM
#10
Anyway, do you have a portfolio that makes you comfortable about the future?

No. Or maybe yes. It really depends on how high will Bitcoin (and some altcoins) go until then.
Unfortunately the last few months were very bad for accumulating in my case and somewhat spoiled my plans.
Still, if Bitcoin goes high enough, I hope that year 2030 will catch me visiting all the nice places around the world.
sr. member
Activity: 1512
Merit: 316
December 17, 2018, 01:27:49 PM
#9
In 2030 - I'm going to live a free life at the expense of my favorite cryptocurrency!  I plan to buy a country house to move there with my family and enjoy life away from factories and hazardous industries. Work is no longer required because I fully provide for myself and my family.
I sincerely believe in it and I know that it will be so.

We wish that crypto currency do exists in that time and all countries do accept it or make the market positively so that the community do more stronger and larger. This will create ample opportunities for the people to do their own business related to it and become self sufficient.
jr. member
Activity: 186
Merit: 4
December 17, 2018, 01:26:01 PM
#8
Looks like many economies around the world are going to be suffering major downfalls around 2030. The demographic pyramid is completely fucked up in many countries, with locals not having kids because basically millennial cannot afford to live on their own due low wages and high cost of living. In Europe it's all over the place. What grinds my gears is economists saying immigration is the solution and they will pay our retirement funds. This is insanity.

Anyway, do you have a portfolio that makes you comfortable about the future? we are definitely on our own so be sure to have some passive source of income for the future. Hopefully Bitcoin saves our ass and by 2030 we don't have to worry about money anymore.

I dont know whom will I be but I am sure that I will be rich and happy  Grin
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