But instead, people are selling all sorts of coins because of FEAR. Also Bitcoin and Bitcoin isn't responsible and more important, Bitcoin is technically 100% independent.
It needs A LOT more education for people and we, as HODLers, should definitely advocate for it.
What else is new?
It's not like the first time that we end up seeing all kinds of misinformation out in the real world, and we talk about those various kinds of dynamics on a regular basis in this thread.. there is the 80/20 Pareto distribution rule too.. you know about that, right?
No, I didn't hear from it, I'm from Germany.
I get the sense that you still do not know what I am talking about when I refer to a Pareto distribution.
There are ideas that people like to argue in regards to Pareto distribution application that 20% of the guys bang 80% of the chicks... hahahahaha.. that might be a misapplication..
or another application might be that 80% of the people are going to blindly follow whatever dumb theory or idea without even questioning it, so only 20% of the people are smart enough or industrious enough to question matters.
those are Pareto distribution arguments... to say that it does not matter what we do, 80% of the people are dumb or 80% of the people are never going to get ahead because they just follow the masses and do what everyone else does. 20% are telling the 80% what to do. 20% leaders and 80% followers.. maybe correct maybe not.. but a kind of ballpark idea in regards to what kinds of challenges are ahead when trying to bring change to human tendencies.
Sure, some people might be misapplying the Pareto distribution ideas and use those kinds of ideas to make bad and inaccurate arguments in bad contexts to say they (we) are part of the 20% not part of the 80%.. we are the movers and shakers, and the leaders and not the ones who blindly follow.
Sometimes the claims might have some truth to them and sometimes they might be misapplying what is going on, and I was suggesting that even in bitcoin, there may well end up being ways to point out the existence Pareto distributions in regards to those who get it and those who do not...
Maybe we can claim that the bitcoin maximalists get it and the shitcoiners do not? Perhaps? perhaps? .
But in regards to actual bitcoin adoption and the number of bitcoiners that exist in the world, we still only have like 1% or so world-wide adoption of bitcoin.. so there are still a lot more bitcoiners out there who do not yet know that they are bitcoiners, so they might be considered precoiners.. and they might not even know it.
Sure there might be some parts of the world with greater adoption of bitcoin as compared to other parts of the world, including that likely there is greater bitcoin adoption in some cities than in rural areas and likely more adoption in some cities as compared to other cities, too, but overall we still have pretty low distribution of bitcoin adoption if we are considering the world population as a whole..
Also, we might have folks who are more educated than others, and some folks who are richer than others and some folks who have more social status or social capital than others, but some of those factors might not end up motivating people to become bitcoiners.. and there have even been some papers on the topic of educated and connected people frequently considering themselves to be too smart for something as lame as bitcoin.
hahahahaha We have our work cut out for us, if we are wanting to employ ourselves as bitcoin evangelists.
We also hear claims from supposedly smart people that now everyone knows about bitcoin, and I would also proclaim that those kinds of descriptions of bitcoin awareness and bitcoin adoption are both misleading and untrue. Just hearing the word bitcoin and being able to say that you know what bitcoin is does not really mean that you know what it is... just because you have heard the word and you believe that you know what it is.
Even within already existing bitcoin adopters we have bitcoin skeptics and people who have low levels of knowledge, adoption and conviction in regards to bitcoin and are grappling both with what bitcoin is and what is their bitcoin investment strategy. they might question whether their bitcoin investment strategy is aggressive enough or whimpy? We have regulars in this thread who have difficulties in figuring out bitcoin and even figuring out their investment strategy, and I am not even blaming them for that.
So I have a lot of doubts when I hear claims about bitcoin saturation or great levels of bitcoin adoption, and perhaps the ONLY people who are overinvested or really sufficiently invested in bitcoin are 20% or less of the regulars in this thread, and surely Michael Saylor is over invested in bitcoin as well.. but he is a crazy bitcoin psycho, too.
So even if we might take a country like the USA in which a lot of people have access to various kinds of mainstream media and even access to internet, there may well be a lot of people who heard the word "bitcoin" but they hardly have any clue what bitcoin is.... they might believe that they know what bitcoin is, but I question that and I also question some of the surveys that proclaim to have high levels of bitcoin awareness and/or adoption. Some of the claims of knowing what is bitcoin might even be being mixed up between bitcoin and crypto, but some of it may well be to have a "just say no" philosophy when it comes to learning anything that is difficult to relate to or sounds like it might be a fad or that there is a bubble that may well come crashing down at any minute.. and who wants to be buying at the top, anyhow?
Part of my point is that it takes a long time to learn about bitcoin, even if you want to learn about bitcoin... even some guys who decide to start to invest into bitcoin, it could take a long time to figure out an investment strategy, even though many of us know about dollar cost averaging investing, it can take quite a long time for normies (or newbies into bitcoin) to both learn about the idea of dollar cost averaging and then to put such DCAing into practice and then to figure out if they are adequately putting DCA to practice in a way that is sufficiently appropriate to their own situation including looking into whether they are being sufficiently aggressive in the DCA approach without being too aggressive..
After employing DCA practices, there might be some realization that DCAing can be better supplemented by buying on dips and lump sum investing too.. but then there might also be a need to figure out what their BTC accumulation target is... is it going to be a 1% allocation into bitcoin or a 25% allocation into bitcoin or somewhere in the middle or if they really study into bitcoin, they might decide to employ an even more aggressive investment allocation level, and then once they reach their allocation level (which could take several months or even a couple of years, then they might need to decide what to do if the BTC price moves and whether their allocation into BTC needs to be adjusted from time to time.. including whether it is a good idea to reallocate from time to time or can they figure out these matters on their own or do they need an investment advisor..
Many investment advisors will nearly for sure tell bitcoiners to do the wrong thing by telling them to reduce their bitcoin exposure.. hahahahaha.. many of us have already seen or experienced investment advisors like this... who we likely end up having to fire because they end up being more of a hinderance than help in regards to really grappling with bitcoin and maybe considering that bitcoin ends up allowing us to NOT have an investment advisor because bitcoin does not have that kind of an access limitation in the same way that some investment funds are limited (at least historically - even though some of them are seeming to open up more.. I wonder why?).
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