Quote from: OgNasty on Today at 07:32:19 PM

Quote from: hugeblack on Today at 07:10:52 PM

A tip is to get them to stop thinking of Bitcoin as a short-term investment or a quick way to get rich.

If you have any suggestions on how that's possible, feel free to share. All of my friends that jumped on the gravy train for the 2021 run are already out of crypto now. They all bought shitcoins trying to get rich, and now think crypto is a scam. Some of the survivors from the 2017 bubble that I know have started coming around to a Bitcoin only theme. I have found that no matter what I say though, no new entrants want to buy Bitcoin. They struggle to find a use case for themselves and don't want to just buy and hope to sell for more later, because the greater fool theory isn't value... I wish Bitcoin had the "killer app" instead of a promise the price will rise while telling you not to spend it.

I reckon with og absolutely, as disappointing as it may sound, it is difficult for a newbie to buy or rather, invest in crypto right now and not expect to get rich over night, most especially the middle class and lower since they are always in need of money to solve one problem or the other, it is easier for the upper class and higher to understand that investing in bitcoin is a long term thing, and since they have world class businesses and companies that yield so much profit for them, it is easily possible for them to look away from the money they invested in crypto even for many years.

But the above is not the same with the poor guy out there, it is almost impossible for a poor guy to invest in crypto and look away from it for at least, two years, except he or she for one or two reasons forgot in invested in crypto, like it is with one of my friend.