Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
So i followed that interesting conversation today...
Two medium educated men, proud of their 5%pa investments (stock market or fonds based, excluding inflation loss), were talking about bitcoin.
They said buying btc at the time would be dumb, because if you aren't an early adopter, it's just a ponzi.
Also, that if governments don't take measures against "this ponzi", they must be either holding OR they have no control over bitcoin.
Don't get me wrong, i would enjoy being simple minded like these two, but then i would also probably fomo all-in right before the next ATH (2022 probably?).
At that time, they might even ask me if i heard about bitcoin, and that i should sell my house to buy btc)
Two medium educated men, proud of their 5%pa investments (stock market or fonds based, excluding inflation loss), were talking about bitcoin.
They said buying btc at the time would be dumb, because if you aren't an early adopter, it's just a ponzi.
Also, that if governments don't take measures against "this ponzi", they must be either holding OR they have no control over bitcoin.
Don't get me wrong, i would enjoy being simple minded like these two, but then i would also probably fomo all-in right before the next ATH (2022 probably?).
At that time, they might even ask me if i heard about bitcoin, and that i should sell my house to buy btc)
It's somewhat entertaining to find out it's ponzi only if you are not an early adopter.
And yes, they are the majority in the world, we are just a small and strange(!) minority.
I never understood this ponzi argument, how can something with infrastructure built to support it be a ponzi? Ponzi's do not have assets let alone such easily verifiable ones at that.
Well, you can see (mostly) anything (mostly) the way you want. They see bitcoin it as ponzi, others see a car as mobile tent or as a loud, stinking animal with circular legs (got this from a 80s movie).
When you tell them it's an asset, they say "you can't physically hold it". When you say that a stock position can't be physically held too, they say "it's a small share of the companies fiat value". And so on. I maybe discuss with people that are interested in cryptocurrency, i never discuss with people who are not interested in it.