You may well be correct that normal people have a tendency to follow simple and straight-forward formulas that might not work to their advantage, including that in bitcoin we have a decently robust history of quite dramatic price performarce both to the upside and to the downside, which should spring curiosity in terms of trying to figure out why bitcoin had been engaged in that kind of price performance and/or if there might be some plausible explanation for the ways that bitcoin has historically performed in order to attempt to inform us about the nature of the asset.
Bitcoin's overall price performance and even explanations for what it is should justify investing into it and holding it, even if the justification might be to ONLY invest a small amount due to its historical volatility that has no real signs of going away.
That's a good point and many still don't think and realize that. Despite the overall performance of Bitcoin, they look down on how much potential they're looking at. I don't know where that narrative came from but they've been blinded by the explanation of the altcoiners that are still looking for the lottery ticket that they're waiting for. They will understand it the harder way that no matter what others say, Bitcoin is here to stay.
Of course, past performance does not guarantee future results, yet the evidence seems to continue to support that bitcoin is in its relatively early times and is likely to continue to be volatile into the future.. perhaps with less of an upward slope, yet there is no evidence to support that bitcoin prices have topped out.
I agree, it didn't topped yet and that's why those who are discouraged about it, they need to take time and decide very well for this cycle.
I personally think that guys who are more worried should invest smaller amounts into bitcoin so that it is less likely that they become emotional about their investment, yet it still is difficult to guide guys in their level of aggressiveness and to figure out how they should balance their personal circumstances amounting to their finances and their psychology. Surely if they spend some times honing their own balances within
their 9 factors then that might help, but it takes some work to figure out balances.
Slowly but surely as they say and I agree that if they're worried about BTC's volatility, they should only invest with the smallest amount that they can risk. Later on, they'll understand why many are optimistic of investing and telling everyone to buy more.
Surely guys are going to have inclinations to want to do what they want and to forge their own path, and sometimes some of the guys will listen, even while they might choose their own path that might have way more allocation to shitcoins than prefered, but there is ONLY so much that we can do.
I had someone who I had been talking with about bitcoin and trying to make sure that he avoided shitcoins for several years, but just once or twice a year and maybe even some years that I might not have had seen him, yet last year I saw him several times during the second half of the year and into 2025, and at some point earlier at the end of 2024, he told me that he had sold a decent portion of his Ethereum and bought bitcoin with it, and so that position lasted several months, and then somewhere in March or April, he told me that he bought back Ethereum. I did not ask him if he bought back the whole Ethereum position, but I found it quite frustrating because he really was not listening to me, and he just traded, and there is ONLY so much that we can do, even though I had spent quite a bit of time with him, he has troubles resisting gambling and/or thinking that there might be some value in Ethereum .. or that at some point it is going to pump... which sure it might, but it is still a pretty dumb place to be putting time, energy and value.. at least from my perspective of the matter..
That's right, there is only so much we can do from these people. They've asked, we listened and we gave them suggestions on what should be for the good of their investing journey. I've been there and I understand your frustration, these people probably value our words at the beginning but if they think they're good enough, they're walking freely and deciding for themselves which is normal. But if they already have some thoughts of doing something else, they shouldn't waste our time. Oh well, this is a normal for btc guys like us when we're asked about certain things with BTC, we're always there to help but knowing that it could just make us disappointed, it's also tiring after realizing that we're already doing too much for others.
Great. Let me know if you have any questions, comments or concerns.. ... sometimes I feel that i need to update portions of those threads, but at the same time, the threads communicate many of my perspective regarding how to attack investing into bitcoin and concerning that many of us may well have to get through our BTC accumulation stages before some of the sub-topics in those threads would become more relevant, and surely some of the sub-themes are not without possible controversy.
It already has got a lot of information and helpful tips but if you've got some time in updating it, please do so for everyone to learn something new, information or experiences from you.