Quote from: Sayeds56 on Today at 03:57:04 AM

Quote from: JayJuanGee on March 21, 2023, 02:38:23 PM

Many times in this thread (and even in this forum), we have discussed, how any of us might deal with information that we hear about bitcoin in current times, and we cannot even necessarily presume that people know what bitcoin is, merely because they have heard the word or they have heard other people talk about bitcoin in various kinds of ways, so even in current times, there are a lot of people who think (believe) that they sufficiently and adequately know what bitcoin is merely because they have heard the word and they had spent some time learning about bitcoin, yet part of the problem remains that there is a lot of bad (and misleading) information out there, and so in that regard, it could take hundreds of hours of studying bitcoin before starting to assure one's self that s/he is starting to understand bitcoin and to sufficiently/adequately be able to differentiate the better information about bitcoin from the not so good information about bitcoin. I am not even suggesting that it is easy to do, even though it is quite likely that we are still in a state in which there would be way more people investing into bitcoin if they actually understood it a bit better.. so in those regards, we remain in quite early days in bitcoin's adoption.. and $1 million prices can come to bitcoin fairly easily.. but it is likely still going to take a decent amount of time to get there, and of course, there are no guarantees that the path to $1million will be straight up, or that there will not be a lot of battles and pain along the way, including a variety of ways in which bitcoin HODLers are forcefully separated from their coins, in part due to their failure/refusal to sufficiently and adequately study/understand what is bitcoin.

In deed, it is crucial to view any information in context of our decision rather than dwelling on past mistakes or missed opportunities. Since Bitcoin is constantly evolving technology that can be difficult to understand fully, however by acknowledging our previous mistakes and utilizing current knowledge/information, we can adjust our strategies accordingly.

It is also vital to stay informed and up-to-date on developments in Bitcoin ecosystem as new information can impact its market price. Keeping an open mind and continuously learning about Bitcoin can help to make informed decisions.

I know that when I first got into bitcoin, in late 2013, I was at a place in my life in which I was specifically looking for new kinds of investing.. and bitcoin fit into my target (kind of investing that I was looking for) and I felt that I had time to "look into it" and to "spend time with it."

I cannot completely blame anyone who believes that s/he "does not have time" to look into bitcoin.. and I realize that in the life of any particular person, priorities change based upon what kinds of things they are pursuing whether they are engaged in professional explorations or even lifestyle priorities, yet one interesting aspect of bitcoin should be that the perilous nature of the whole fiat-based economic system may well be rearing its head and forcing questions about the whole fiat-based economic system to be brought into question in ways that were not as much present in the 90s and in the 00s.. and surely, I recall that I was NOT even that worried about the 2008-related shenanigans, because I had some movement of my investments that were fairly lucky in terms of pulling some value out of equities in 2007, and then slowly injecting value back into equities between 2009 and 2011.. so in some ways, I profited from the 2008 drop because co-incidentally, I had pulled some out.. but that was likely largely a kind of luck that did not really inspire me into "looking" into matters at that time, because I largely felt that my various investments (at that point of my life) were mostly working for me... and little by little i was getting ahead and ongoingly building wealth.. even though I was not thinking about things like bitcoin.

So, part of my point is that we cannot necessarily expect anyone to come to believe that they need to get involved in bitcoin, even if it seems to be becoming more clear that some kind of hedge against fiat-based-systems should be becoming more and more obvious.. especially in recent times of seeming panic from Fed reserves and also the banking problems that seem to have some weird resolutions, and including some of the traveling restrictions and the social monitoring that seems to have had been pushed in the past few years with the "pandemic" as a kind of weird excuse that is not really seeming to "add up" as much as it sounded fine in early 2020.. but a lot of contradictions and lack of evidence has come to the forefront that may also start to inspire normal folks to want to investigate into manners in which they might be able to hedge against some of the seeming irregularities of the fiat-based systems and status quo financial investments... including that even the possibilities that we might have another real estate bubble and various other bubbles popping.... to cause questions about where to put value that can be sustained over 4-10 years or maybe even 20 to 30 years.