Why do young people love to speculate in cryptocurrencies?
Take the salary of 15k in Shenzhen, a first-tier city, as an example.
The fixed expenses every month are:
1. Rent: 3k
2. Food expenses: 3k
3. Transportation expenses: 0.5k
4. Clothes and social expenses: 1k
About 7.5k can be saved in a month
The average house price in Shenzhen is 60,000 yuan. If you want to get a foothold, you need a 50-square-meter house. That is 3 million yuan
If you save all your money honestly, it will take about 33 years. If you take out a loan from a bank, it will take about 50 years to pay it off, which is a lifetime.
But many people don't want to work honestly for a lifetime to get a 50-square-meter house, so they will invest the remaining money in some high-risk but more rewarding fields, such as cryptocurrency. Although they may have nothing, they don't care, because 7.5k is actually useless. It's better to gamble on a dream, just like a middle-aged uncle buying a lottery ticket. You can say it's speculation, but it can't be wrong.
In this environment, is it the fault of people or the society? Why do people's radical behavior seem so reasonable now?
