Quote from: Silberman on September 10, 2023, 11:14:14 PM

We could put the young on two different categories, those which think that a concept like bitcoin while novel will never work out, and those that believe it will but decide to take enormous amounts of risk and invest in meme coins, NFTs and other shitcoins, losing all their money in the process, so both groups seem to be ignoring bitcoin at the moment, a huge mistake as if we were forced to pick a single coin in which most of our capital should be invested in, the coin we should pick is bitcoin.

This dichotomy can be applied to the entire population. The ones who cannot buy big volumes of Bitcoin for obvious reasons, will be attracted to altcoins. Altcoins might appear to be profitable in the short term but then the big price hope makes people stop selling at the decided price and they get stuck with it and not sell anymore.

The first group is definitely the one who are profiting and making money from this market and the second group helps the scammers make money for free. Basic investing and trading skills should be learnt and care taken to avoid such low quality investments that pop up every few days.