Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 23/01/2023, 20:36:35 UTC
For the time I have been involved in Bitcoin 5 conversions are actually not that many, but as I wrote before I'm not doing it actively...

And of course, in case sirazimuth doesn't talk about being in BTC to anyone irl, I could certainly understand that his count is 0.
But otherwise being in this space for 8 years without infecting anyone with the BTC-virus is a bit difficult to understand for me  ...especially since BTC is such a grand innovation...
Maybe my contrast was largely intended to suggest that getting someone into bitcoin might still cause questions regarding how committed they happen to be../.and yeah maybe we are quibbling.. and I know that I touched some folks in regards to my bitcoin discussions with them, and in some of those cases, we are not in very good touch, so I wonder how committed that they might be in regards to if they ever bought bitcoin or if they held onto bitcoin that they said that they bought.
I understand. For sure many newcoiners might not have the battle tested diamond hands that many WOers have.

When it comes to my surrounding I make it very clear that BTC is not a get-rich-quick vehicle.  So most of my "conversions" have a time horizon of many years, some even 10-15 years.  And I guess I couldn't expect more than that from a newbie.

Of course, I know that these kinds of people exist - but I find people to NOT want to commit to such long time horizons, even if they say that they are ready, willing and able to do it. 

When I got into bitcoin (in late 2013) I was thinking 1-2 years minimum... and so I was not even so strict upon my lil selfie as to really lock myself in, and frequently, since about 2017/2018, I tell people that the investment thesis is so much stronger now than it was in 2013, that any of us should be able to attempt to conceptually lock ourselves into a 4-10 year or longer investment time horizon right from the start of getting into bitcoin.  I am telling people that because I think that my own conviction has adjusted but also I think that the actual investment justifies the ability to get into it with a 4-10 year or longer investment time horizon. 

When I talk with people about this 4-10 year or longer investment timeline, they say the right words like "yes, that sounds right" but I really don't get the sense that anyone really wants to commit to anything that long.. and even 2 years is feeling like a long time for them.... of course, there can be circles in which people have more confidence and are able to show more enthusiasm.. but normies seem to have a lot of reluctancies to really buckle into a long term investment plan that includes bitcoin as one of the components.. whether that is a low allocation such as 1% of their total quasi-liquid investment portfolio or something more aggressive up to 25%.

Maybe my recent interactions are skewing my judgement a bit, because I know that between late 2015 and early 2019, I had quite a few more interactions with people who were more apparently inwardly motivated towards establishing and maintaining a longer term investment thesis in bitcoin, and some of those people were already somewhat predispositioned towards bitcoin by the time that I had spoken with them as compared with folks who seem to be getting a vast majority of information from me or from the contrasting misinformation that they seem to be getting off of mainstream media sources.