Quote from: coinbiz on January 12, 2021, 04:51:25 PM

I have family that have questioned whether they should buy Bitcoin ever since I told them about it at $150-200. I told them about Ethereum at $1. They're just as skeptical now as they were back then lol. Probably more skeptical now actually, because they only buy at the peaks, and sell at the slightest drop in price, and then that makes them believe that they shouldn't have invested lol. If only they listened years ago. But people are brainwashed. So few people think for themselves these days. That's why the same old FUD works.

Only buy what you know is part of good advice to avoid that sell on any decline, without any faith in the usage of what you buy its not surprising they lose out. The same would happen across many commodities, stocks, etc. I dont think they are the exception exactly, I think the majority of gains come with actual usage by people because they are of course are going to have more faith to hold in any price test. So BTC has to keep improving its utility or the prices are not going to be justified or retained especially, just as a speculation token I dont expect a positive outcome with that market behavior alone. This isnt the end for Bitcoin because its hasnt started in mainstream usage and it could be but it might be the end of this phase of speculative interest for all we know, two different things.