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I know that many of us might get lured into believing that some of the folks who were able to get rich quick or surprisingly have a great streak of luck are representative of what could happen to us or to normal people, and generally the get rich quick folks are not representative of what we should be striving to achieve, even if there could be some possibilities that we might end up getting ourselves into a position in which we end up being able to disproportionately benefit from whatever preparations and/or investment stake into bitcoin (or whatever else.. not referring to shitcoins) that we might end up allocating our time, energies and our value.
Many times it is way better for most of us to be putting efforts into creating some strong financial and/or psychological bases prior to engaging in any kinds of higher risk investments, and surely bitcoin is already a decently high risk area to be investing, even though surely its more than 15 years of existence has brought a lot of credibility to it, and there still are a lot of people, institutions and governments who are way under-allocated to it, without realizing such under-allocation that they have.. which is that they are low coiners and/or no coiners without realizing it. So the mere fact that some of us are just newly involving ourselves in bitcoin, learning about bitcoin and building our stake in bitcoin puts us in front of a lot of other normies, and even puts us ahead of many institutions and governments... so we are likely going to disproportionately benefit from our early involvement in bitcoin, even if it might take us 4-10 years or longer to really start to significantly build our bitcoin stake and to put ourselves in a position to potentially have more and more luck down the road based on our ongoing preparing ourselves by studying the space and by taking actions to ongoingly, persistently and consistently accumulate bitcoin, even if we are ONLY able to do $100 per week or $10 per week or whatever we are able to reasonably do without overextending ourselves, financially and/or psychologically.
Everything you have pointed out is absolutely comprehensible and I wonder how much the endless possibilities via apps and what not are to blame that people tend so much to jump from one thing to another without giving any of their investment decisions a second thought. On the one hand it's all these possibilities where people get overwhelmed in doing just a single analysis for one asset that they want to stick to. It depends so much on what the hype is, what gets advertised, what is in the media.
As much as BTC's volatility has been a good thing in drawing attention, as much it might have frightened people who are still on the fence to invest in BTC or who have sold during times when they saw their investment value go down for a short period of time only to then see that it went back up. I can understand some folks because they refrain from putting in some least amount of effort and rather stick to what the hottest online newspaper has to tell them about bitcoin.
The worst part is that some of the Silicon Valley billionaires like Chamath Palihapitiya or others like Mike Novogratz have long been big advocates for bitcoin only to then turn against it or at least use some pessimistic language. If their followers have grown their portfolio along with them, they might as well take their words very seriously when these idiots say that now it is suddenly dead. That is why I think that at least a little effort to find some neutral source should be reasonable. It is good to see though that the weight of their words have been on a decline although I have no idea how many people still follow their advice and rather stay away from BTC or jump ship whenever the billionaires raise their voice again.
I still think that governments and institutions/organizations would hold back as much as they can about any accumulation they have been doing over the last few years. I doubt that their involvement in bitcoin is so low as someone could think given how seldomly those actors talk about it. Most of them could probably do straw purchases and would only make their position public once they deem their position to be sufficient. By now they would have either stopped bitcoin or acquired some. I don't think that the vast majority has been fully ignorant or dismissive about it. Certainly not most of the governments.