Post
Topic
Board Bitcoin Discussion
Re: Some rich person not interest about bitcoin for following reason
by
KennyR
on 17/11/2023, 23:51:41 UTC
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.
First of all, there is no need to force any one to join Bitcoin investment or trading. If your friend isn't interested, it is okay. It means your friend is still not sure about Bitcoin and he doesn't understand the advantages of Bitcoin. He may already learn it, but he misses the part of the potential of Bitcoin in the future. Anyway, even if it is true that there are few people only who have a huge number of Bitcoin, it is never proven that it can destroy the market. We already experienced it for many years, and it doesn't influence much to the market activity. It is just his own assumption because he still doesn't understand enough about Bitcoin.
I agree with you who don't like investing in Bitcoin because they don't know how to make a profit from the investment they make with Bitcoin and they also won't be able to learn about Bitcoin because they don't like it or they already know an easier way to make money easily.
As bitcoin is technology associated people have got different view on bitcoin. They never find this to be interesting, and think of it as a complicated one. Unlike the stock market it can't be predicted which is a big difference and the volatility used to be very high compared to the stock market. Most of the people who doesn't show interest upon bitcoin is not because of the risk, complication, and other regulatory issues. Already they've found a way to earn better, what for most of the people get into bitcoin. Not for the technology that stands unique, but to make money.