Does it really matter why people wear something over another?
Personally, I wear what I like- Some of my collection is vintage Rolex stuff... Some is IWC, some is Panerai, some is Omega... Some watches have no name on the dial. I enjoy each for different reasons, but don't really care if anyone else notices, as it probably doesn't matter to them. Much like it doesn't matter what someone else is wearing to me. It doesn't hurt me personally if someone buys something for a status symbol; it doesn't have any effect on me whatsoever. Unless I know someone personally, I'll likely never see them again and even if I do know them, why they buy what they do is their business. I'm not going to judge or criticize their choices.
I think people in general need to stop worrying about what someone else is doing, and start worrying about themselves.