Sometimes the problem with investors not investing in bitcoin because they missed out the previous years when bitcoin was a lot cheaper is actually the the absolute reason why most people don't go into the market. I spoke to a trader who happens to be a friend and after our long discussion he talked about forex and later switched to crypto trading, at the end he asked me what crypto I'm I Interested in for the next alt season, and I said non because I'll be focused on bitcoin only and criticized bitcoin of not going to be profitable anymore nor will I get to see any 2x in the coming bullish season, then I told him I wasn't interested in short term market trade but would hold for probably a decade. So from our discussion I got to find out that most person are avoiding bitcoin because it is not as volatile as shitcoins within a small duration of time. Well that's correct amd but not logically sound because they are comparing a long term project to a short term rug project which have lead several persons to an addictive state of chasing losses after being rugged.
If not for greed, while would anyone choose a coin that is highly volatile over bitcoin that is less volatile and has the ability to grow your investment in the long run with lower risks of losing your money. Your story also made me remember a forex trader who always talks about how he has been profitable in his trading but after one big loss he got, he became cold and doesn't talk much about trading anymore and i got to find out that he doesn't develop much time for trading as he used to do before. If people don't fall victim of investing in shitcoins and lose their money, they won't stop investing and trading with them.
The fear of long term investment is only another thing that makes some people to choose shitcoins over bitcoins without knowing that it is better to build your portfolio gradually than risking your hard earn money just within a short period of time. You see a trader boasting of making more than a thousand dollars this week, next week he starts crying of where to get funds to recover his loses, it is worth venturing into? Hell no
