Quote from: Jawhead999 on Today at 10:14:28 AM

Quote from: Lucius on November 09, 2023, 10:05:33 AM

I want to say that in some countries financial literacy is much higher than in others, and this combined with favorable regulation creates a positive environment in which people are not afraid to invest in Bitcoin as in some other countries in Europe where the central banks practically call it a fraud.

Yep it's correct, I forgot to think about the financial status.
Some people who're in third world or don't have a lot money also buy cryptocurrency, but mostly it's not Bitcoin because their reason to buy it to make profit in short time.

It is not only some third world countries that are the reason why so much money is poured into the "altcoins drain", because people from the richest countries in the world also invest in it. The fact is that everyone does it because they want to earn a lot with as little investment as possible, without taking into account how much money they actually spend in total.

I already wrote it before, but to me it seems like ordinary gambling where you put $1 into a slot machine and hope that you will win the jackpot. In their place, I would rather pay the lottery ticket and in case I hit a winning combination, I would have money for the rest of my life(considering how much winnings are on the lotto in the EU).