Quote from: qwertyup23 on November 20, 2019, 02:08:09 PM

Quote from: K_os on October 14, 2019, 12:24:08 AM

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I would tell family and friends and got a response like I will wait till it comes down. If those people listened 1 year later would have profited well. Now I tell friends .1 BTC I think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

Just to share my personal experience, I entered the cryptocurrency world back in 2017 where the price of each bitcoin were around $4,000-$4,500 fluctuating. I used to participate in campaign signatures that for a Jr. member, the payouts were like 0.004 BTCs/week (around $5 before converted). Many people have been speculating that the price may skyrocket within the year.

Around 2018 when the price of BTCs reached an all-time high of around $19,000, people assumed that its price would continue to increase and they started purchasing more for long-term investments. Unfortunately after a few weeks, its price dropped considerably and the people who JUST STARTED investing into BTCs branded it as a whole "bubble" and "scam" scheme.

The same thing that people said at the end of 2013 run up to $1k, and subsequent 2 year drop into 2015. Bitcoin is volatile and people will get burned because people are comfortable buying at the top when everything looks great. Those people will be weeded out eventually another round like this will happen over and over until crypto has plateaued and the general public are all involved. Volatility is not for the weak hearted.