Quote from: coolcoinz on July 22, 2022, 06:29:42 PM

Quote from: MinoRaiola on July 22, 2022, 03:13:51 PM

Strong Hands buy - ok, but it always depends on how much money you have. In Africa, there are maybe many strong hands, but they do not have so much money as people in Europe. And when I look at countries and their inflation, I think there are many who don't see their value in Bitcoin, because BTC has droped very strongly this year. I'm sure we all know better, but many people don't own Bitcoins. Is it less than 3% of all the people in the world?

The drop is always relative and depends on the moment you enter the space. Imagine you've never heard about bitcoin and join the forums in April or May this year to learn about bitcoin. You wouldn't care much about the drop, on the contrary, it would be a nice opportunity for a newcomer who comes in with some fiat to buy at 20k and next month the price is already at 22 or 23k. You'd be ecstatic, while people who came in last year might feel exhausted after months of downtrend.

Sadly this is the inverse of the typical Bitcoin entry story. If you're new, all you see is price, you don't understand the tech and its potential. Almost everyone who enters the space, comes in at exactly the wrong time. Generating interest in no-coiners after they've been reading "Bitcoin 70% crash" in all mainstream papers (remember they probably still trust mainstream news reporting) is literally impossible. It takes about a year of solid reading and listening to understand Bitcoin enough to be able to HODL during a crash like this.

Everyone pays their tuition in Bitcoin, it's a rite of passage. We all lost a heap when we first entered the space but we stay, learn and build. The next wave of newcomers won't arrive until it's too late and they'll all lose money; that's just the way it'll be for many more cycles.

altefritzbitz

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