Yesterday I was out on the street to watch the final of a local football competition. While waiting for the match to begin, I sat near three guys who were quietly discussing past issues related to Premier League clubs. After a short while, their conversation shifted to Bitcoin and other cryptocurrencies.

They began talking about a man who had used his capital to start crypto trading but ended up losing almost everything just a few weeks ago. One of them strongly insisted that all cryptocurrencies, as well as Bitcoin, are nothing but scams.

I politely introduced myself and asked if I could contribute to their discussion as someone who is still learning. I tried my best to explain that Bitcoin is not a scam and that it was created with a meaningful purpose, far from what many people now assume. I wonder which planet those guys are from. I told them that Bitcoin is 16 years old now, i.e., one decade and a half as of today, and many institutions are using Bitcoin to transact business. Bitcoin can never be a scam, as they have believed, and even no government  anywhere in the world would have accepted it. And I also emphasised that trading is a different matter entirely. It is difficult. It is a skill that requires experience, strategy, and risk management.

Despite my effort, they stood their ground and argued that cryptocurrencies are nothing more than gambling or scams.

But one thing really stuck with me during our conversation. One of the men said, “Young man, if you ever want to invest in Bitcoin, make sure it is money that, if you lose it, you won’t feel any pain. Only invest what you can afford to lose.”

That statement made me pause and reflect. Now I’m wondering, is this actually good advice, or are these men just being overly cautious and afraid of risk?

As someone who is always ready to learn. You know, sometimes we learn and receive information from arguments. It's just like a debate. Our government use debate to make decisions and policies. Like our House of Representatives, and that is how it is all over the world.
 What can you say about our conversation?