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I have had a chance to read the article now. I still have some BTC and I have made money from it. I am not looking to make any money back, I can never make a lo
by celticninja 5y ago
I have had a chance to read the article now. I still have some BTC and I have made money from it. I am not looking to make any money back, I can never make a loss. Same for all the people I advised to get into it in 2011/2013.
I am also fortunate and with enough self-awareness to understand that the economy that I operate in is not the same for everyone all over the world. I understand what being un-banked means, I understand the extra costs that come with being poor. I understand that remittances from developed nation to developing nation are a lifeline for many many families. I understand that the traditional ways of sending money to these destinations involve fees as high as 20% or more and doesnt always include the ability to immediately access those funds at the other end. I know that there are unscrupulous Western Union branches/employees that will charge further fees at the receiving end. So whilst it is nice to have a high horse to sit upon, perhaps you could use that perspective to understand that not everyone is in the same position as you. Where you see waste someone else sees financial access, where you see speculation others see utility.
You don't plan for the future because you forsee the downfall of society, so through choice you elect not to plan. Others don't plan for the future because they cant plan further than a week or 2 weeks ahead because the subsist and survive on a day to day basis.