Quote from: Lorence.xD on Today at 04:40:14 PM

Quote from: SAHASAN on November 15, 2023, 03:07:25 PM

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

Well, we all have different opinions on Bitcoin which is actually normal. Even if you say that there are only a few people holding Bitcoin, the market still depends on its volatility Bitcoin's potential for the long term for sure would increase its value but its current value would be volatile. If your friend is already rich and doesn't want to invest in Bitcoin, I think it's more like his preference, because he might get rich in another way cause if he'd make money in Bitcoin, he wouldn't doubt it. Some rich people find alternative investments other than their source of money like from their business than putting them into a bank. I also think that your friend might not be knowledgeable enough in the crypto industry but has other ways of making money where he's much more skilled and smart.

And if they do have that kind of point of view then let it be, if you do try to make some explaination then it might really be ending up on some long discussion or even a debate on which it is really that pointless if you are really that trying out to win against on someone who are not a believer or something that do really accepts any new ideas. For some then they might really be able to welcome some good opportunity or new ideas on which it might result into some good introduction of Bitcoin into other people but since we are talking into those rich person who had able to acquire their richness via with those traditional investments or things then they are the ones who might not really be that easily believe into something which is speculative and highly volatile on which i couldnt really blame them.

It would really be just that too impossible that they wouldnt really be able to think up things and could be able to balance out on whats risky and whats less risky. This is why they would really be
deciding on what are the things that they would really be gonna deal off with and what are the things that they must avoid.If on the time that you do make out some explaination or introduction with
these kind of people and rejects out on the things you've been trying to explain then it wont really be that a bad idea on turning back directly and dont force them to believe
on something that they arent interested.