You know what gets my gears grinding... My bubble to pop... My cheeks to tighten?
People who don't understand trading Bitcoin and are literally stupid about investing.
Here goes...
My brother-in-law is one of these idiota's - Let me explain.
I was all about telling him to buy into some BTCBTC when it was sub $300 back like 3 years ago. Just buy 1 or 2 I said - Whats $500?
He said NO, NO, NO - Not for me. So I left him alone about it.
Then come last year - When Bitcoin hit $15k - Guess what? He Buys In! *at the time I did a quick facepalm* Seriously buys in after it pumps some 50x...
Anyways - Long story short - He lost like $5k after the collapse and he sold.
Now a couple months back, I was suggesting that $3.5k bitcoin might be a good time to get in again and redeem his loses... Figuring it's like 1/4th the price he originally bought at.
And he says... "NO, NO, NO. Not for me - I learned my lesson"
No Dumb-Ass... You didn't learn shit!
Why is it - that people are so ready to buy AFTER it pumps 50X - And then cry or call BTC a scam after they lost their ass?
But won't touch BTC once it stabilizes after a collapse?
Please Share you Stupid Bitcoin Trader Stories if you have em
Stupid thing was when I was spending bitcoins like nothinf when price was playing between 1000-3000 usd but don't blame myself much because at that moment people 1000$ surpass was a done impossible thing and had no hope of further rise.
Btw in your story, problem is truth and people in bitcoin act that way. They don't trust you when price is low but when they see price rises and rises for a long period, then they are becoming confident and invest but in reality they are choosing the worst time and lose money + lose confidence to risk in future.