Viewing a response to: @kabir88/who-buys-cryptocurrencies
I definitely can see these three main groups, however I would add another. "The financially strained". Possibly a subsection of your other groups. I don't see my involvement in crypto as Gambling, I like the technology so maybe a geek, maybe financial outcast counts, but the main reason I am (and I think many other people are in crypto) is to build a way out of our real world fiat financial difficulties.
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| author | jk6276 |
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I think the financial strained are outcasts of our current financial system. Those who are not benefiting from the way things work now. From the unbanked in Africa and Asia to the inflation ridden economies in South America (and possible the UK if brexit happens!) One thing I have come to see is how early we all are. Even now, after 10 years since Satoshi unleashed Bitcoin, the vast majority have no real interest in what it is or why it's so ground breaking. In a way, the bubbles and busts provide it with some great marketing! I hope we are right and holding the right currencies ;) Thanks for reading and commenting, it's really appreciated.
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Absolutely, even in the rich countries, we can feel like financial outcasts. I have a middle class income, nice rented house and so-on, but have lived from pay to pay (partly due to my own mistakes) for 10 years. Crypto is (hopefully) my way out of the debt spiral. Thats what I love about STEEM - I can't buy in with fiat, but I can earn a stake through effort and networking. Thanks for the thought provoking post.
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I hope we are right, it would be nice to be able to leave the fiat world and pursue my passion for crypto full time. I have a few projects that I am working on, but the bear market has meant putting them in first gear and waiting it out. You are not alone in living pay check to pay check. I speak to people all the time who are in the top 25% of earners who have very little in savings. The cost of living has gone up much higher than wages for far too long and the inflation figures are out of touch with reality. Most people don't realise how much they are getting squeezed by the banks. I could right a whole post and more about that!
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