Post
Topic
Board Bitcoin Discussion
Re: What's the view of an average citizen About crypto currencies
by
Assface16678
on 11/01/2024, 22:16:12 UTC
bitcoiners need to know that currently Bitcoin is trading low from its all time high, Bitcoin should not be viewed as a short term Investment, but should be seeing as a long term life changing investment due to its liquidity and high returns when trading high.
So my question to anyone reading this now is: do you guys believe that there are people who may have an interest in Bitcoin but don't know the last ATH price of Bitcoin?.
Yes, absolutely, especially those who are new to bitcoin and those who invest in or have an interest in bitcoin because of the hype, and because of that, they ignore the necessary things they need to know about bitcoin and proceed to finding ways on how to earn or just buy bitcoin and hold it without understanding first what bitcoin is all about, and those beginners tend to lose their investment as they are not used to the volatility of the bitcoin market. I once had a colleague that does bitcoin hold and trade, but when I asked how he does it, he just said that by intuition, he really doesn't have an idea of what he is doing, just hoping he will earn from what he is doing. From that, I gave him the advice that he should know what he is doing first because bitcoin investment is not a joke or just relying on intuition to earn. So yeah, many people are not aware of the existence of bitcoin, but there are also those who know about it and start investing but don't know the true essence of what bitcoin is.