Bitcoin Forum

If someone asks me, what is the most confusing in this world. Of course, I will answer Human is the most confusing. Because They sacrificed their Health for money, then they sacrificed money for health. Humans are always busy thinking about the future, and forget to enjoy today.They think they will really live forever. Yet he will not live in the future, nor do they feel alive today. It's like bitcoin, we always predict the price in the future without thinking of its function today, that makes it more seen as investments than a cryptocurrency. In fact, we are not necessarily living to see the future. What do you think ?

As someone who has rekt my health since I started trading, I concur.

This is where hodlers always win by default.

Anyone who is in to Bitcoin and talks about it with others who are not gets a rapid schooling in how mindless the average person is.

Bitcoin at $250 'Hey, buy some Bitcoin. It'll never be this cheap again.' 'Nah. Way too expensive. I'll wait.'

Bitcoin at $19,500 - 'Hey. I just bought some Bitcoin. When does it double for me?'

It's depressing but utterly dependable which is why we have whales who command everything. They know perfectly well how the average person behaves and preys on it. That lack of logic makes the bigger picture completely logical.

One person is totally unpredictable. 100,000 of them is not.

Because, they are all thinking the bitcoin to be the investment place rather than use it as the direct payment to another area around the world. People understand the bitcoin into the new definition. But remember we are living in this second, and every future should become a question what will be happening with us.

great words human also worry about anythings if price down now they just sell more.

rich people is who thinking for today and how help others

Speak for yourself :p


What if Bitcoin's function today is the price of the future? Transacting value is just one use case, storing value another. There's nothing wrong with that.



Very true. Watching cryptos over the years I've learned a lot about people. One of the biggest lessons being, that people overvalue assets that go up in price because they go up in price while undervaluing assets drop in price, merely because the price dropped. Which ironically leads to the exact opposite of "buy low, sell high". Which could be avoided if people were to invest based on the merits of cryptocurrencies and their own valuations instead of focusing on the price only.

Alas, you don't only learn this about people, but also about yourself. You as a person are also prone to such irrationalities. The tricky part being not getting caught up in herd mentality and not losing sight of the big picture.

Nonetheless I'd argue that this mindlessness of the masses is also a good thing for Bitcoin. It's how Bitcoin gets attention and as many people as possible get introduced to the concept of cryptocurrencies. It's only when people don't bother learning more about the basic concepts and only care about the price that things start getting problematic. However those people learn their lessons soon enough.

It does not always work along the lines you described.

Berkshire Hathaway at $250 [it never was there, just for a sake of argument]: 'why exactly is this company about?
Berkshire Hathaway at $19500 'when would it double"

it worked out, even if you bought high (at $19500) since it is now $296,000.
If you bought at $19500, BRK-A doubled in about 18 mo, not bad at all.

Of course, but in 2014/15 Bitcoin already had a ton of exposure. If you'd google for five minutes you'd find info which is broadly similar to today.

Certain things are considerably further along, others haven't changed or have gotten worse.

Regular people jump on the winner after it's already won its latest round and is likely to take an upsetting breather. They should be looking for the battered loser just starting to pick itself up off the floor again but that goes against common human nature and it's understandable.

People are not wise enough to learn everything without experiencing of the defeat, meaning they had to be beaten up before they learn their lessons and i guess that's how the mind of an average person works. If you were a person that no where to go and so desperate for a change then you will become a wise man. Look at all of this irony, how on earth that this world is still letting this to happen to all of us?