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RE: The Cryptocurrencies Explained to My Dad ;)

in #cryptocurrency7 years ago

Lovely story, Paolo!

If my auntie were still alive today, I can imagine having a similar conversation with her. She was one of Denmark's first female company executives and was actively watching investments, the stock market and new technology until her 90's. We could always find her in the afternoon with her nose in the newspaper stock market pages.

I don't understand it fully, either... but these days, investors invest as much in "the promise of an IDEA" as they do in actual commodities and goods. Just look at SnapChat-- 5 year old company, just with an IDEA, but not yet a working business plan for making money. And still? Their stock offer brought 33 billion USD. Not easy to explain to the older generation...

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yes, the older generations of people in economics hardly understand a the idea of trading something that's just financial stocks - and they don't like it anyway!
I always look for the actual service or commodity behind something that looks just finance, even if it's just potential!
thx!

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