3. I would love to buy some Bitcoin, but (whatever the current price is) is just too expensive for magic internet money.
And then they go for altcoins.
I have seen many people believing bitcoin is too expensive and they should buy a shitcoin worth less than a dollar.
"This token/coin is now worth $0.0000001. If it reaches $1, I will be a billionaire. Bitcoin reached to 60,000 dollars. So, 1 dollar is nothing and can be reached very easily."
This is the most common people’s thinking, they always see bitcoin having the highest potential in crypto but since it’s price will never be affordable so they end up trying their luck buying altcoins. Not realizing that there are more risks investing in altcoins particularly if you chose those new altcoins in the market as they mostly end up as big scams. But if you go for established altcoins, yes you can be profitable but not as huge as bitcoin.