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This post is indeed meat in due season. Thank you for taking out your time to put the out there. There is so much insights on how the market operates and why it’s reacting the way it is.
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You’ve indeed achieved such a great feat for your age!
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Selling doesn’t translate to weakness. Bitcoin is for whatever suits your own. Not everybody entered the game to hodl.
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The idea of Bitcoin has never been to be ‘free money’ or say, coupons. Would have been great if it was but then, it won’t be Bitcoin again. It just has to be earned. Through different ways.
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PoW was due to energy waste. Also China’s reason for banning Bitcoin has nothing to do with protecting the environment from harm. They should actually focus on the proper supply of energy.
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He’s clearly just interested in profit making and not the technicalities. So keep it simple, teach him how to buy, sell or hodl. How to avoid scams and how to keep his wallet safe.
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Everyone is now realizing that it’s not some fantasy or get rich scheme. It’s a reality and you’ll only be doing yourself a disfavor if you continue to deny the reality of Bitcoin
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Bitcoin has already been declared illegal in some countries. The govt, of course don’t feel great with the fact that citizens own so much power with decentralized finance.
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