Quote from: JayJuanGee on July 15, 2024, 06:00:07 PM

Quote from: Jewan420 on July 15, 2024, 05:37:19 PM

Quote from: JayJuanGee on July 15, 2024, 04:49:26 PM

If bitcoin is so much "at the peak of interest" for people then why the fuck does less than 1% of the world's population own any bitcoin?

Although I can't give an exact answer to this question, I can give a comparative answer. Do not know how acceptable!

I blame ignorance about Bitcoin as the reason why Bitcoin ownership is less than 1% worldwide.

In essence you seem to be backing off of your claim about bitcoin being at the peak of interest of people, and my assertion that even if your claim is supposedly true, it does not matter if people are interested if they are not in fact acting to actually buy bitcoin.

So part of my point is that they could not be at any kind of peak of interest if they are not actually buying bitcoin.

So I was claiming that what you said is not true.

People are not at peak of interest, and you were either misstating facts or misleading us regarding the actual dynamics of bitcoin, which is that some people are buying bitcoin, but the overwhelming majority of the world's population (aka normies) are getting left behind because they are continuing to fail and refuse to recognize the value of bitcoin and to take action to actually buy some rather than sitting around like bumps on a log and not getting the fuck off of zero.

Quote from: Jewan420 on July 15, 2024, 05:37:19 PM

If I talk about my country and my area, less than 1% people in my area only know the name of Bitcoin. Less than half of them have a general knowledge of Bitcoin. The remaining 99% of people don't know about Bitcoin at all. The rest 1% people know they don't dare to invest.

Then if you know all of that, then why are you telling us that bitcoin is at the peak of interest. What are you trying or wanting to say?

Quote from: Jewan420 on July 15, 2024, 05:37:19 PM

Who can we blame for this?

It doesn't matter.

It is what it is, and I am just suggesting to attempt to more accurately reflect the facts and don't be saying that bitcoin is at the top of people's interest when people are either apathetic about bitcoin and/or failing to act, so they are likely going to miss opportunities to buy bitcoin in current times and at these current pricesd because they are likely going to be buying bitcoin later and at likely to be much higher prices.

Quote from: Jewan420 on July 15, 2024, 05:37:19 PM

If we talk about the country, Bitcoin is completely illegal in our country. About 2% of people in this country know the name of Bitcoin. Some people invest in Bitcoin but not 1%. How is it possible to increase investment in Bitcoin when there is such a lack of knowledge of Bitcoin in a country? How to increase ownership?

Yep.. it is more difficult when bitcoin is illegal in your country.. so yeah, your government is fucking the people of your country.. .. so I am not sure what you can do about that. Those kinds of political matters are not necessarily resolved easily, and you have to figure out what you are going to do within your own options of what you are able to do..

Quote from: Issa56 on July 15, 2024, 05:41:28 PM

Quote from: JayJuanGee on July 15, 2024, 04:49:26 PM

Quote from: Issa56 on July 15, 2024, 01:43:50 PM

newbies should do their research first before investing.

Personally, I think newbies should get started rather than wasting time researching.

What I meant by newbies should do some research is that some newbies lack basic knowledge about bitcoin. If they don’t accumulate knowledge about bitcoin before investing, some might end up losing their investment because they don’t know the appropriate wallet to use in storing their bitcoin, they don’t know how to secure their private key, some don’t even know reputable places to get bitcoin from and other basic things which they should know.

ONe f the best ways to learn is to get started. How are you going to fix people? Tell them to wait and research. and prepare themselves... or tell them to get the fuck started... They have to figure out their basics, and I doubt that there is any need to tell anyone to wait, but instead figure their shit out and to get started with whatever level of discretionary income they have.

If they do not have discretionary income or they cannot figure out their discretionary income, then yeah, they might not be ready to get started, but if they have discretionary income then they can get started and learn as they go. If they cannot figure out a way to make sure they don't lose their bitcoin, then you believe that waiting and researching is going to help them? I think that is dumb advice, and the best advice is get started right away and figure out your details so you don't lose money... It is up to people to figure out their details, including how to manage their cashflows and one of the motivators to managing cashflows would be to invest into something like bitcoin.. and yeah, there are dumb people and people who like to gamble and don't know the difference between gambling and investing . but what we going to do about that? Tell them to wait and gamble later rather than sooner.. I still doubt that waiting is a good strategy, but hey, you do you if you believe that you want to continue to tell newbie bitcoiners to wait rather than to get started.

Quote from: Issa56 on July 15, 2024, 05:41:28 PM

Some newbies just see some advertisements about bitcoin on social media, and they will pick interest in it, and we all know we are not supposed to trust or follow most of the videos we see on
social media because some of them are scammers. That’s why I do recommend that newbies do research before investing.

Each of us need to engage in our own level of critical thinking skills in order to sort good information from bad information and to figure out how to manage our finances and our psychology... and likely if we manage our finances well then our psychology will end up being in a better place as compared with if we put systems in place that are bad ways of managing our finances..

Quote from: Issa56 on July 15, 2024, 05:41:28 PM

If they invest first before doing research, before they get to understand something’s, it might already be late. Some newbies might see some Ponzi scheme that will require people to deposit bitcoin on a particular site as an investment. A newbie without knowledge might end up falling for tricks like this.

Well maybe a solution is to start with $10 rather than starting with $200? But anyhow, you might be talking about position size rather than suggesting that waiting is going to be an appropriate strategy. I am not suggesting not to do research, but instead I am also suggesting get the fuck started rather than waiting, which you seem to be suggesting.. but hey, whatever do what you like and continue to tell people to wait rather than telling them to get started.

By the way, whether you tell people to wait or not, most of them are not going to do shit.. . so I would think there should be some interest in getting people to do something rather than not doing anything, and part of the reason that we have 99% of the world's population not invested or underinvested into bitcoin is because they are not acting to buy bitcoin, but instead waiting or not doing anything or not even knowing about bitcoin, so anyone who knows about bitcoin should be taking action to get off of zero.. and maybe they can figure out a way to get 5% to 25 % into bitcoin, but still they gotta get off zero and into bitcoin first before they are able to get some realistic ideas about how to reach some kind of an accumulation target, and it can take years and years (and maybe a whole cycle or two or more) to reach a reasonable bitcoin investment target, so why wait to get started?

I won't advise investing in bitcoin without knowing it. Why should you jump on something about which you don't have proper knowledge? To know Bitcoin, you don't need too much time lately. Because of Internet connectivity, it's very easy to learn something we need. So gaining some knowledge before investing in Bitcoin is advisable. You can invest in your savings and avoid the high risk of losing your funds. If you treat Bitcoin as an investment opportunity only, then how will you learn the technical part of Bitcoin? Without knowing everything you need, you can't make the right decision in real time.