Quote from: Gladitorcomeback on Today at 05:48:51 PM

Quote from: xandriel on March 25, 2024, 01:19:34 PM

The funny thing is, I see many of my friends kept saying Bitcoin is a scam for years and maintained their view from 2014 until 2019. Then, when Bitcoin reached its ATH, they experienced super FOMO and bought it without any knowledge about crypto because they were so vehemently against it. But then, when the Bitcoin price suddenly dropped, they reverted back to being anti-crypto people. Lol, it makes me think why they don't accept that they need to learn about crypto carefully first.

You will find such people very often in the world, they would oppose something all the time when they are not supposed to do that, and then when they see that thing gaining a lot of success and attention, they start supporting it but if it faces a temporary decline, they start opposing it again. People have been doing this with Bitcoin for a very long time, even when Bitcoin was priced very low, they never supported or adopted it, and they realize their mistakes now.

Those who thought Bitcoin is useless and it is going to end when it crashed from $69k to $16k are now regretting why they didn't think positive and bought Bitcoin when it dropped so significantly, they could earn a lot of profit if they did that but unfortunately, their ego was bigger and more important for them.

A very normal human being behavior on which you would really be going into the flow on where most people would really be believing into. If you have seen some positive results then you would really be tending to dive in but on the time that you would really be experiencing problems then this is where you would really be making yourself that ended up on having doubts or even blaming up someone just because you have lost money.
Yes, this is something that we cant really be able to control nor be able to predict on where it would be heading. For those who had been able to believe into those earlier years then even just simply holding will really be bringing out that fortune but of course now that the prices are on the peak then holding is a bit useless i would say and this is why people would really be opting out on trading it actively since they do know
that they could really be able to play up with the volatility, but of course this isnt something that anyone could easily pull off.