Quote from: retreat on August 12, 2022, 10:56:07 PM

the majority of bitcoin buyers today are people who buy them on a fiat basis with the aim of increasing the value they invest in, so that when the price of bitcoin drops, they will immediately complain and panic.

maybe because someone told them bitcoin is going to $250,000. and in their mind that meant "straight up".

Quote from: Detritus on August 12, 2022, 11:32:55 PM

For Bitcoiners, I think different thing matters to everyone individually. Let's take for example i invested $10k into Bitcoin, during bear market my asset lose to $4k, do you think I would not be curious about the price?. True! Bitcoin is designed as a way to transfer digital cash in a decentralized manner but everyone can also think of it the way it matters to them. Bitcoiners must note that volatility is one sure thing.

if someone invested $10k into bitcoin and now it's $4k then they lost alot of money. now they are stuck in bitcoin whether they like it or not. because if they pull out now, they get to realize their loss.