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View submission: Don't invest recklessly
It's not confirmation bias. It's groupthink. Compound that with the fact that it really does seem a lot of people are completely irresponsible or don't have good finance practices. We talked about this in another thread where there were kids blaming parents for not letting them buy Bitcoin.
I don't know about you but when I was 15 I got my weekly allowance and I just spent it. I saved sometimes for larger purchases, but overall it was a good learning experience. I could've learned more about saving for the future and retirement investments and maybe even budgeting. I think those are good fundamental steps for kids to take before just jumping into Bitcoin. The problem is this mentality of get rich quick and also some sort of fanatical religion that fiat is evil and Bitcoin will wreck it all.
We could absolutely be right and Bitcoin takes over, but there are thousands of other ideas that people thought would revolutionize the world that never took off. If everything fails I can still look at my 401k and my regular contributions as being a safe nest egg.
There's nothing here!