Quote from: Nwada001 on May 19, 2023, 11:30:00 PM

Quote from: Bobrox on May 19, 2023, 09:27:05 PM

some people still doubt with Bitcoin as worth investing assets because they are not really popular

I think there is a little misconception here. Do you mean Bitcoin is not popular enough for people to be aware of it and choose it as an asset, or are people not popular enough for Bitcoin to notice them and allow them to embrace it? Either way, as far as I know, Bitcoin is already popular and exposed to the extent that every average person with access to the internet will be able to understand and make use of the currency. The only pressing challenge I see here is misinformation. In one way or another, lots of people have heard about Bitcoin, but most of them have the wrong idea about it, which makes them have the wrong perception about the currency.

I am not sure if you might not be overly acknowledging the knowledge that people have about bitcoin.

Part of the representation regarding how much people know about bitcoin would be their level of bitcoin adoption, and we likely don't even have 1% of the world's population that has bought any meaningful amount of bitcoin.

Sure you are saying a similar thing as me when you say that people have heard about bitcoin but they don't know what it is, and from my perspective, their lack of knowledge about bitcoin is even more lacking than you seem to be implying that it is - and even people in bitcoin might not even have a lot of confidence in being able to describe the difference between bitcoin and shitcoins or to be able to understand how a bitcoin is mined or to contemplate ways to hold their own private keys and perhaps to be able to do it in more than one way including recognizing that there is a difference between bitcoin and lightning network - and perhaps they don't need to know all of those things in order to be able to hold bitcoin or to know what bitcoin is and how to hold it in any other way other than on an exchange and getting price exposure, if that might be what they are seeking.

We remain in very early days in terms of bitcoin adoption and the expansion of many of the network effects, including the 7 network effects described by in 2015 Trace Mayer. We could go into each of the 7 network effects and elaborate on them, and so we have 8 more years of bitcoin's affects on the world to show the ways that those 7 network effects can be considered and elaborated upon.

Quote from: Nwada001 on May 19, 2023, 11:30:00 PM

Quote from: Bobrox on May 19, 2023, 09:27:05 PM

Talking about panic moment seems happened with new comer in trading actually on cryptocurrencies, they trade not based on their own research but another recommended and looks hype only, when the other investing on shit coins they will try at shit coin without research yet and the same when investing in bitcoin at the wrong moment when Bitcoin have reached too higher price.

I don't actually think it's just new comers to crypto that faces the challenges of panic selling, it happens to both old and new investors, it's just base on personal decision and being a strong decision maker and at the same time standing by their decision, every bearish market always have some kind of negative vibes it gives to hodlers, it's a time where people failed out of their decision because of the uncertain price movement, most times you never can predict what and where the market is going from their, all that is left with the holder is a calculation, either to use a stop-lose principle in other not to lose more, or either to hold and try using the disadvantage of those selling to their own advantage by buying more and adding it to their hodling. So panic selling is not just for new investors; it's also applicable to old and expired investors.

I agree that anyone could be subjected to price pressures, and even uncomfortable feelings when BTC prices go down more than 50% and stay down for long periods of time, but it would be an error to speculate that all investors are impacted in similar kinds of ways - because there can be both a lot of value in time investing in a variety of asset classes and having wealth in a variety of ways that might cause a person to be less concerned about great losses in the quantities of BTC wealth when they have their wealth secured in other ways, too.

So sure there could be similarities of "kind" of disappointment, but still a great amount of differences can be felt when "everything that you own" is in an asset class, versus having back up sources of wealth and/or income that might cause for a considerable amount of cushion - even if the quantities of wealth loss might be measured in similar ways or if they are the same kinds of losses.