There are a lot of folks who continue to be skeptical and scared of bitcoin, which will likely be their loss, and there might not be any real easy way to either convince them and/or to get them to take action to protect their own finances, psychology and likely improve their future options. Even people who we might try to help, they may start out buying bitcoin, but then screw it up and even put themselves into a worse position because they fail to adequately prepare themselves and to learn about bitcoin and/or to moderate their entrance into bitcoin.
Although many individuals are still afraid of Bitcoin because they don't understand how it works, their fear has stopped them from investing, which may be their loss because they missed the opportunity to build their wealth for the future. Even some people who choose to buy Bitcoin make mistakes, maybe they rush in without having what it takes or because they expect quick returns. Some people put themselves in a worse situation while investing, not because Bitcoin failed them, but because they failed to plan properly.
Yeah for sure, fear has always been the biggest wall between people and Bitcoin. I remember when Bitcoin was first introduced to the world, a lot of people in my third world country if I should add were laughing it off and calling it trash. The main excuse was always its just digital money, how can it have value, you will lose everything. Meanwhile, these same people were happily trusting their savings to banks that could shut down or inflate their currency overnight......Now because of that fear they had back then, most of the people who first heard about Bitcoin but ignored it are regretting not buying it. Even my old man is in that category he heard about Bitcoin early but did not want to take the risk and today he still admits he wishes he had put even a small amount in... Although now he's been stacking with little by little thou but the fear still lives in him....
The funny part is, many of them were not even against investing as an idea they just did not want to think too hard about it. Some rushed in without learning, expecting quick riches, and got burned. Others stayed on the sidelines out of fear, and now they are the ones looking back wishing they had at least put a little in....And also the truth is, Bitcoin did not fail them. Planning did. If you dive in without a plan, even gold or real estate would leave you stuck. But if you take your time, DCA with whatever you can, and understand what you are investing in, it is actually less scary than people make it out to be. The only thing scarier is looking back years later and saying, Wow, I really believed digital money was a scam while holding onto cash that inflated right in my pocket.
Your anticipation that bitcoin prices could reach $500k in the next 4 years seems to support why guys likely need more aggressive bitcoin accumulation methods beyond their signature campaigns.
Guys used to brag about earning bitcoin for free, and I am sure that guys still feel that way, and I used to frequently suggest to earn as much income as you can and buy bitcoin with your extra money, which will help to accumulate way more than expecting ONLY to buy bitcoin through the signature campains.
Guys can do what they like, yet to me it seems that some guys missed a lot of great opportunities to accumulate way more bitcoin based on their aversions to buy bitcoin rather than earn it.
I think I would rather buy and accumulate more Bitcoin rather than earn it. As much as being optimistic about the Bitcoin I would rather want to accumulate more on a consistent basis and be more aggressive in my Bitcoin buying.
How aggressive you are in investing in Bitcoin depends entirely on your financial situation. For example, if your financial situation is bad, then you need to increase your work, then you may be aggressive in buying Bitcoin. But you have to be careful whether you can do the extra work or not. For example, if you are not physically fit, then it is better for you not to do the extra work. Because if you want to do the extra work and if you become physically ill while doing the extra work, then you may have more financial crisis, at that time you may have to sell your holdings. So you first have to think whether you can do the extra work or not.
Yeah for sure, that is the part a lot of people miss. It’s easy to say just do extra work and buy more Bitcoin, but if you are not really physically or mentally in the right place for it, you might actually create bigger problems for yourself. Imagine stressing your body just to pick up a second job, then ending up sick and forced to sell the very Bitcoin you were trying to stack,that’s backwards.
At the end of the day, you have got to know your limits. If you can handle more work, great, be aggressive. If not, it’s better to stick with what you can do consistently. Even small amounts over time will still get you somewhere, and you won’t be risking your health or peace of mind just to keep up.