Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin close to becoming totally irrelevant for most "normal" people??
by
Shasha80
on 07/01/2022, 22:04:11 UTC
Is it just my impression or is interest in Bitcoin going down rapidly? One of the top recent threads is "Btc is boring".
Most of the other threads is mainly about hodlers trying to convince others to buy BTC, kind of reminds me of some random MLM forum rants promising riches and little to no substance.
I really don't know exactly how Bitcoin is boring to people who claim it is, the only thing I can imagine is that they prolly invested and the price didn't appreciate immediately just as they envisaged, but mind you that Bitcoin isn't a pump and dump coin like some of the altcoins around that investors can be lucky to put their money in and it appreciates asap and gives them good ROI, but it's very risky and only a few are lucky using that strategy. Having said that, Bitcoiners shouldn't even try to convince people to join the Bitcoin network, people should only invest cause they have done their research and find Bitcoin interesting and want to invest in it.

A lot of people do have high expectations on bitcoin. For most newcomers, they thought that this is their savior and way to get riches. However, they realized fast that it is not the case here once they got in. It would really take patience and understanding on what's going on before you can see your profits. I don't know how the OP distinguish people from normal or not. Because if you are a long timer here, you will understand that it would take hard work before you can reap your rewards.

Many newbies don't learn Bitcoin from reliable information, so they misunderstand Bitcoin and don't understand how Bitcoin works. So most newbies
are just in a hurry to invest in Bitcoin and expect instant profits, so they think Bitcoin can make people rich instantly. Yet the reality is not like that,
only people who have good knowledge and experience in crypto world, who will succeed in profiting from Bitcoin. Finally, many newbies panic about
the current bearish trend and blame Bitcoin. Whereas people who experience losses when investing in Bitcoin, because of their own mistakes
by taking the wrong decisions. If we want to succeed in making a profit from Bitcoin, we must first learn about Bitcoin from a trusted source,
after that we can start investing with small capital first, then later it will slowly make us understand how to make a profit from Bitcoin.