Reversal of Fortune

I have been buying HIVE with HBD for the last few weeks and unfortunately too late, pulled what I had out of savings in the hope to catch a dip. Well, it is all kind of dipped currently, but I was hoping to catch the bottom of the dip, where it was around 16 cents. I was able to pick some up around 19 and more at 20, but I have the majority of my savings lowballing.

But will it get down there?

As fast as values can drop, values can also climb, and at least for smaller amounts like I am playing with, there is the chance to buy low and catch a spike 30-50% up if the timing is right. Occasionally in the past I have managed to get some of these spikes, but it is rare these days, mostly because I haven't been trading like that for a few years. I really should do a bit of it though, as it is good practice with the markets, and good training for the emotional ups and downs that might come with it.

I am not overly emotional these days.

My wife was saying the other day how I focus on a lot of the bad stuff in the world, which is partially true. But, I also don't see a lot of good, and I am not one to spend a lot of time reading the news and not at all on social media. Most of what I see is observational, reflected in the people I interact with, as well as those I just happen to spend time looking at while they go about their day, interacting with others. I am pretty down on the younger generations, because they seem pretty soft in my opinion, and then when I do spend time reading the "news" I see stories like this.

Ms Oakes said she was frustrated to see women posting content on TikTok and saying things such as: “When you find out the reason why the girl who has no friends has no friends.”

“It is heartbreaking, and it feels like a personal attack on me because I’ve struggled to make friends my whole life,” she said.

Ms Oakes is 27 years of age.

Is she an outlier?

Apparently not, because a lot of young people seem to struggle to make friends, which is something I have spoken about here several times before. They have made people disposable, only spending time with those that can give them something, and in so doing, made themselves disposable too. It is a whole thing that I won't go into here now, but instead I wonder what kinds of emotional valance they have and how that is going to affect their investment strategies.

Do they have any?

I suspect not for most of them, because they have an instant gratification mindset and have been conditioned to be the ultimate consumers, getting what they want now, even if they have to go into debt for it, or have to give up on other less important things, like building an investment portfolio. I wonder if that is true for the people on Hive who are under say, thirty five years of age.

What does your investment profile look like?

Now, this should be a pretty savvy group of investors if interacting regularly on Hive, because the place is full of investment material and different strategies. Not only that, there is incentive to actually interact with it too. Yet, I suspect that the numbers of near non-investors would be similar to anywhere else in that age group, where those who are really putting their time and money to work, is a small minority.

Am I wrong?

What is going to be interesting in the coming couple decades is how these people mature into middle age, as that is normally a pretty steady and stable period of life. But, is it going to be for people who are heavily in debt but own nothing of value? Is it going to be for people who don't have a quality circle of friends? Is it going to be for people who have poor career options? Is it going to be for people who get triggered and feel personally attacked by random TikTok clips?

Hmm.

However, there is a massive opportunity for those of them who are investing well, because in the same period, all those boomers that the younger generations despise so much for getting their wealth "easily", will be dying. And those same Millennials and GenZers will be given trillions without having to do anything at all for it. And they have been conditioned to spend.

A fool and his money are soon parted

And I think that there are a couple of generations of fools who have made themselves disposable by having consumer mindsets, rather than growth mindsets. They are looking for the emotional return, not the practical one, and the corporations are only too happy to deliver. Once they get that cash and asset transfer from their parents and grandparents, they are going to be like addicts in a heroin store.

How did Taylor die?
Overdosed on instant gratification.

The problem with living in the moment as a constant consumer, is that in order to do so, there has to also be a constant stream of money coming in. And if that is coming in through a line of credit, eventually the line gets cut off and reverses direction, with a stream of money going out to service the interest. Get deep enough in the hole, and getting out is near impossible.

C'mon global EMP... Wipe the banking records.

But, when you are middle aged, those fun times spent with pretend friends are no longer that much fun. And living off ramen and tuna doesn't provide that sense of life purpose and satisfaction that was dreamt about in youth.

How will Ms Oakes feel then?

We are going to find out soon enough.
The investors are going to clean up.

And people think the wealth gap is large now.

It is going to become the space between planets.

Perhaps literally.

Taraz
[ Gen1: Hive ]