You are absolutely right, there is no fine or punishment place for anyone who invested his money in Bitcoin and vice versa, investment is something we shouldn't force people to do rather it has to be a willingness of heart or mind and I think most of the people who end up doing bad or not doing well in their investment is because they are not willing or ready to do it. Permit me to say this, we all know Bitcoin has stayed for years and has shown us proved that it existence is going to be long but we can't tell how long it's going to be so for this reason Bitcoin investment is not 100 percentage guarantee I mean anything can be possible but since we have made up our mind to invest all we need do is to be positive and hope for better future with Bitcoin investment. No matter how one trust a particular project, It will be very unwise for someone or an investor to use all his money to invest in a project. Don't get me wrong, I'm saying this because I don't want anyone to have a wrong mindset or thought about Bitcoin investment that's why we are advise to use what we can afford to let go.
Bitcoin has passed the stage of becoming afraid of what could happened at the cost of your investment and of course before anyone out there goes into investment we can say that they have read and understand the regulation and the implications that involves while making investment, and gain
cryptocurrency is no longer a new thing to world and if if not mistakenly now bitcoin has been in existence for about 15-16 years now if am not mistakenly and almost about every part of the world has heard about bitcoin and understand the risk and volatility that it carries. That is why most people took the risk and invest and during investment they don't involved themselves with a compulsion investment it's just that when they are ready to accept the risk index then you would see them venture into buying bitcoin..
And of course those who understood the language of bitcoin never waits to routed and sink into the knowledge, the thing is just for them not to be left out of regret that is why most people do not hesitant to buy and hold, along the line the study and gain knowledge to hold more stronger and most of them even involved in doing DCA just the above discussion is saying.
First, we are not talking about cryptocurrencies (or shitcoins in this thread), so it is a bit unclear why you chose to mention cryptocurrencies or perhaps convoluting the idea and thinking that bitcoin is the same thing?
Second, let me presume that you were meaning to talk about bitcoin and not shitcoins.. ... so in that regard, your suggestion that everyone in the world sufficiently knows bitcoin, that is a bunch of bullshit, and a wrong premise in order to consider where bitcoin is at right now, where it came from and where it might be going. If many people in the world had any clue about what bitcoin is, then we would have way higher than 1% world adoption. I will agree with you that a lot of people heard the word bitcoin, and there are not too many people who can accurately describe what it is, including convoluting the category (just like you did) and suggesting that bitcoin is part of a category called crypto... so even people who presumptively have been studying bitcoin for a few years and potentially investing into it still don't know what it is beyond that it includes number go up technology.
Sure, maybe you know what bitcoin is, so I would not want to make my response about your knowledge level, since your use of crypto might have been an innocent and/or potentially meaningful oversight/inclusion...
So many people presume higher levels of world knowledge and/or perhaps bitcoin adoption based on some small segments of the population having had accumulated decently large amounts of bitcoin and even some financialization of bitcoin, and increasingly rich, famous and even widely respected financial people saying good things about bitcoin and even investing into it...
There are errors in presuming too much into the population's knowledge of bitcoin, especially if that supposed knowledge is not backed up by their having a significant/meaningful stake in bitcoin, which truly the overwhelming majority of the world's population, whether we are referring to individuals, institutions, and/or governments are quite underinvested in bitcoin... low coiners or no coiners which likely still amounts to 1% of the population at best - including referring to institutions and/or governments.
Are you mislead by BlackRock accumulating more than $20 Billion in bitcoin on behalf of it's clients? Surely there are some early buyers into the ETFs (kind of like insiders), yet I have my doubts about that investment of money into ETF shares reflects either high level and widespread adoption of bitcoin or even that knowledge is spreading into the world's population regarding what bitcoin is beyond very small segments of the population of individuals, institutions and/or governments.
Yes, knowledge and awareness of bitcoin is growing and growing, yet I am not going to presume that very many people actually know what bitcoin is, especially since so few have taken any actions to get off of zero or otherwise to substantially invest into it, which such buying and getting involved actions would lead some credence to their actually knowing what bitcoin is.
Hey JJG I assumed you understand this correctly and if anyone of us here mentioned crypto it doesn't mean that the user is directly classifying bitcoin to be crypto and of course i know that cryptocurrency are other coins created after bitcoin have been created and they are all under bitcoin, cryptocurrency which includes shitcoin and memecoin and some other coin. And yes I don't need to further expand myself or brain putting up here to please anyone here to general understand the difference between cryptocurrency and bitcoin, generally people outside this forum classified as cryptocurrency even when i tried to involved myself with blind argument to some people who doesn't really understood the language of bitcoin term to have seen as one but at later end i periodically understand and presumed they don't know what they are to had blinded calls it cryptocurrency and yes i don't have to go further putting it up to them rather had to used the language to would all understand even though i might be trying to sound so professional and yet i had to narrow myself down to mirror out with their point is that to strict and being to aggressive on them due to lack of understanding and knowledge.
Again being here for about 2-3 years isn't a totally waste after much knowledge gain from you and some other respected poster and users here and when communicating I should understand I practically using a general knowledge which everyone one both bitcoin oriented and none would be able to comprehend and understand how the language is going. Where do I have to say that my staying here over year I wouldn't had understood the different between cryptocurrency and bitcoin that indirectly brought my soiled my overall knowledge meaning that what you had all put here i am not taking note.
Well, we might see and think bitcoin is that popular but surprisingly it's being mentioned nearly in most of the songs within our local artist and little children knows that bitcoin is digital money, the only holding the wild spread of bitcoin is just government, if by any authority or chance that bitcoin is being legalized sir, you would be amazed what you would see as turn up in bitcoin adoption but guess what? There are lot of people who secretly acquiring dozens of it into their secret wallet which you and I doesn't know except for those people which we think has bought thousands of it, then we wait for pronouncement to the speed which would impressed regard bitcoin and other supported coins knowns to be cryptocurrency.