Quote from: Lucius on Today at 11:32:58 AM

Quote from: SquirrelJulietGarden on Today at 04:30:09 AM

Quote from: Lucius on October 29, 2024, 02:21:38 PM

Personally, I think that you shouldn't spend your emotions on something like that, because Bitcoin is a cryptocurrency, and everyone has the right to choose how and with what they want to do their transactions or what they will invest in. I'm not saying that you shouldn't challenge the baseless lies that people tell about BTC, but any discussion about what someone will do with their money is completely unnecessary - after all, why would someone give financial advice if they are not a financial advisor?

Most of advice have notes like "It's not financial advice" as famous disclaimers that mean a lot on uncertainty and risk of investment.

All investments are risky even Bitcoin with very good record of its ROI since 2009, it's still risky in 2024 as an investment asset. Each investor has different financial social economic status and different investment budget, different capital management and different risk acceptance and management too. So there is no same advice for all investors and not all people who consider themselves as investors will succeed with profit in Bitcoin market.
~snip~

That's right, people are different in their approaches and attitude towards how they understand risk, and then the results are also different in the end. But considering that BTC has existed for 15 years, some things are already quite clear for those who want to understand, for those who are still the majority, the same doubts that have been repeated for years remain.

What still causes some kind of repulsion among people when they think about investing in BTC is that it is not publicly supported by their governments or central banks - and because of this, the average person will rather invest in government bonds or stocks than in Bitcoin.

I think people like that just don't know how it really works behind the scenes and that it can be gone any day (by some poof magic Grin

).
In reality, of course, it would never happen.