Altcoins we're never meant to be hold for long term.
How is making it hard to stick with more stable long term investment like Bitcoin a problem because a investor believed too much on high risk assets like altcoins?
You got me there because it sound confusing, if newbies lost a lot of money investing in altcoins it means one thing only.
Bitcoin is the most reliable digital asset in the world, they should learn to accept Bitcoin the way it is as the safest out there.
It's a delusional mindset that Bitcoin is too costly. Like most newbies thinks, many have been thinking the same way since $1,500 per Bitcoin.
The thing is, we are not debating here what is Bitcoin and how much better it is compared to altcoin. We want to discuss what this is going to have as an impact on people. People who get burned on all kinds of scams in altcoin land are likely to leave crypto altogether. Do you really think that the average person is aware just how different Bitcoin is compared to altcoins? No, of course not. The scams that are allowed to exist are hurting the whole industry and they have been slowing down adoption a lot. Countless people have been burned in the last cycle, and they are not coming back anytime soon. As you can see, Bitcoin is at ATH while retail sentiment is very low.