Quote from: MainIbem on Today at 10:50:48 AM

Quote from: JayJuanGee on Today at 04:53:07 AM

A lot of poor people are going to be tempted to cash out some or a lot of their BTC investment too soon.. .. which is getting them into the too much too soon category, and also ending up delaying or even preventing them from ever reaching fuck you status.

Many people are ignorant of Bitcoin investment that's why they do it the shitcoins way which is taking profits too soon but I've come to understand that it's not only ignorance that cause such situations, there are people who come from third world countries with a bad economy and most of them invest just for survival, they just want to make quick money and survive the harsh economy but then, that's not an excuse and shouldn't cause them to make mistakes and that's why we as bitcoin advocates that have good knowledge to an extent or very well should help them understand the consequences of investing on Bitcoin the wrong way, we should enlighten them concerning the consequences of what their actions could cause in future and also the benefits of being patient, Bitcoin investment involves long-term it doesn't matter the situation of anyone's economy, people just ought to do the right thing to make good profits in the future and there's no two ways about it.

Yes, there are some people who just invest in bitcoin, and they don't bother to further their knowledge about bitcoin, and I don't see any reason why some would like to believe much in bitcoin when it doesn't have a reason for that. People give along the way for holding their bitcoin investment, not because of some people being poor but because of their limited knowledge about bitcoin.

I have a friend that come from average family so he had a cousin brother that he discussion of bitcoin with and teach him some stuffs about bitcoin and it was convinces with the little knowledge he just gain,and this is how he invested some amount in bitcoin but along the way he decided to be panic and sell it bitcoin and i i was lucky to meet with the cousin brother and asked him why he want to sell his bitcoin and it told me that i can't see what market is doing and many people are talking that bitcoin price will come down and it will be the time for altcoins,so he want to sell his bitcoin and buy shitcoin and after he later make profits he sell it shitcoin and buy back bitcoin in bear market.

But what I let him know is that it is because of limited knowledge about bitcoin; that is why he was thinking like that, because I make him understand shitcoins are just pump and dump, and the funny thing about shitcoins is that nobody knows when they will pump and dump it except people that are behind the project. In fact, I make it clear to him that nothing like an altcoin season happens, but it does happen when some people come to scam people in the crypto market.