Quote from: Alpha Marine on December 11, 2024, 04:55:56 PM

~snip~
That's because a lot of people today are just concerned about quick profit. A fast route out of poverty and that is why they keep falling victim to scams, ponzi schemes and bad investments. People need to understand that the dream of having an investment that will take them out of poverty within a short period is a dream sold by scammers.
I'm not saying it's impossible but it happens once in a blue moon to one out of a million people.
With bitcoin, if you continue accumulating through DCA you'll be surprised at the amount of money you would have accumulated after a cycle or two.
The get-rich-quick mindset is what has made more people pay attention to memecoins and that is just another form of gambling. I don't have an issue with it if they openly agree that it's gambling in its own way but they believe it's an investment which is funny because they're investing in a token or coin hopping to get the best out of it without knowing anything about it.

That's actually quite true.

I've talked about just buying Bitcoin for the long term with some of my friends, and keep doing it for a decade or so, and most of them were really quick to not wanting to do that because they want the money right now, not in ten years.

And actually most of them had some Bitcoin but sold long before this ATH. Some even lost money, while other made just a bit of fiat in the process.

I think that's what's going on, they want to maximize fiat, whereas I think the best way to think about Bitcoin is to maximize assets.

So, you keep saving in Bitcoin until you have enough to buy a home for example.

Instead, they are trying to get a quick sale to get a bit of fiat out of it, which doesn't make too sense to me, as fiat devalues a lot very quickly.