Some rich person not interest about bitcoin for following reason

[leonair]

Well we can conclude that not everyone will be interested in Bitcoin no matter how much we try to explain it to them. Also, people will always have different opinion regarding Bitcoin. If he's rich enough, then there's no need for him to explore crypto especially if he's not interested since he's already earning a lot of money on the field he's on. And Bitcoin isn't something you can just understand within a short period of time without learning and exploring it. It's an investment. Maybe he doesn't want to exert much effort or maybe he has no time to learn about Bitcoin. So if I know someone who's not interested in Bitcoin even after explaining it to him, then I'll let him be. It's hard to persuade someone who's shows no interest in the first place.

Yes it may be that we are not able to explain science to rich people. They have enough money so they can't do it the way we think of Bitcoin and they don't feel the need to think that way. This is because when we try to convince them about Bitcoin, his focus is not on us, he is more concerned with other mediums. That's why they don't want to understand these things but if you can explain them properly then they will be attracted to Bitcoin too.

[Wakate]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

I am still trying to understand to understand your write-up since it looks like a phrase to me. You said your friend choose not to invest in Bitcoin because Bitcoin is small or what? I do not understand what you have written do far and I hope you can elaborate because your sentences do not really make sense to me. You need to ponder on what you have written so we can understand you quite better.  

There are many people that are eager to invest in Bitcoin because they have been seeing results of other investors who had invested in it with profits. The door is opened to everyone to buy and hold Bitcoin for as long as they are ready to hold before selling.

[Yatsan]

Well we can conclude that not everyone will be interested in Bitcoin no matter how much we try to explain it to them. Also, people will always have different opinion regarding Bitcoin. If he's rich enough, then there's no need for him to explore crypto especially if he's not interested since he's already earning a lot of money on the field he's on. And Bitcoin isn't something you can just understand within a short period of time without learning and exploring it. It's an investment. Maybe he doesn't want to exert much effort or maybe he has no time to learn about Bitcoin. So if I know someone who's not interested in Bitcoin even after explaining it to him, then I'll let him be. It's hard to persuade someone who's shows no interest in the first place.

Yes it may be that we are not able to explain science to rich people. They have enough money so they can't do it the way we think of Bitcoin and they don't feel the need to think that way. This is because when we try to convince them about Bitcoin, his focus is not on us, he is more concerned with other mediums. That's why they don't want to understand these things but if you can explain them properly then they will be attracted to Bitcoin too.

It’s not the knowledge but the interest itself. We’re not required as well to encourage them; we let things happen. Some rich people are not interested with this technology because of their own reasons. Some would be avoiding risks due to high market price volatility. Some would be concerned of this blockchain’s security. And some would be worried of its adoption across countries. They perceive other assets as more profitable which is not a bad thing as for them. We just have our own choices and mindset of where would we engage our money to chase after profit. It is however bad to just put all of your money into a single bucket. I myself have real estate investments ‘coz why not? Sometimes it is not just they don’t know anything from Bitcoin but just their choice of not getting involved to it, which is every investor’s freedom.

[famososMuertos]

It is a poor argument that tends to have some persons, but if it bothers them, so, buy 1000 satoshi, the mistrust or fear of risk in having bitcoin can be resolved by just investing what you can afford to lose, the other novelty is that if you do not trust bitcoin it is better not to buy, since that is its main value, more than the price itself.

[MarjorieZimmermanGinger]

It is a poor argument that tends to have some persons, but if it bothers them, so, buy 1000 satoshi, the mistrust or fear of risk in having bitcoin can be resolved by just investing what you can afford to lose, the other novelty is that if you do not trust bitcoin it is better not to buy, since that is its main value, more than the price itself.

Unfortunately they don't try to understand what is meant by risk management behavior and I am sure that the motivation for rich people not to get involved in bitcoin is not influenced by risk, but rather the difficulty for them to understand the level of price fluctuations because basically they don't study bitcoin properly. The risk involved is even greater when they undertake business or other activities related to money. The question is why are they not afraid and do it anyway?

The answer may be simple because they master what they do and the key is that they understand it first before getting involved in it. If rich people are a generation behind technological advances, there may be many reasons for them not to be involved in bitcoin, but it seems strange for rich people in the era of digitalization not to be interested in bitcoin.

[Fuso.hp]

Bitcoin is only for a small number of people but it didn't become so popular Bitcoin only became such a popular currency when people around the world adopted Bitcoin. Your friend has some misconceptions about Bitcoin. Maybe some people have a lot of bitcoins and if they sell all their bitcoins in a moment maybe the market will dump a bit temporarily but the market will not be permanently dumped. One will sell and one will buy like this but the market will move forward. If this fear keeps us from investing in Bitcoin then we have a low understanding of Bitcoin. Earlier also we saw that Space X sold a lot of bitcoins due to which the market went negative for a while but within a few days the market came back to a good state.  .

[AnonBitCoiner]

The decision of your friend is depend on him because no one can force others to buy bitcoin. May be he has no need to expand his money. Actually bitcoin investment is suitable option for those who have courage to work hard and wait so those individuals who don't express any interest hardly will buy bitcoin and if they buy then they will not be able to take profit from it as interest is the main thing.

 financial system is understand by a person himself and no matter what we are saying they will always prefer their interest so don't try to know that why people are not buying bitcoin because we can only talk but reality is hidden so leave everyone on his own position.

[Publictalk792]

I understand your friend is worried about Bitcoin but it is important to think about a few things before rejecting Bitcoin. Some people have a lot of Bitcoins but that do not think they can control the market easily. Because Bitcoin is decentralized so it is hard for one person to control its value.

Many companies now accepts Bitcoin as payment. This shows that people trust it more and more.Governments are also starting to recognize and regulate Bitcoin and we have an example El Salvador.
And if he us thinking about the value of the Bitcoin so if it will go down so definitely it will recover itself and will come up with great potential and cross it's ATH again and again.

I will recommend if he want to invest in Bitcoin so don't think about it just dive into it and believe on it. If you will believe it so it will give you benefit. Just buy and believe.

[adzino]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

His concern is valid that the whales with loads of Bitcoin can indeed cause the market to go down if they sell off huge amounts. But here's the thing, the crypto market's kinda resilient and used to those kind of thing. Sure, the market might crash, but it tends to bounce back over time. Look at the charts and see how many crashes it has recovered from! There are whales that invests in stock markets, but does that stop your friend from investing there? Your friend might want to dig deeper into how the crypto market works, like its history of ups and downs. It's about playing the long game and not getting spooked by short-term volatility. As long as he is never investing more than he can afford to lose, he should be fine.

[legendbtc]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

I am still trying to understand to understand your write-up since it looks like a phrase to me. You said your friend choose not to invest in Bitcoin because Bitcoin is small or what? I do not understand what you have written do far and I hope you can elaborate because your sentences do not really make sense to me. You need to ponder on what you have written so we can understand you quite better.  

There are many people that are eager to invest in Bitcoin because they have been seeing results of other investors who had invested in it with profits. The door is opened to everyone to buy and hold Bitcoin for as long as they are ready to hold before selling.

What OP wants to say here is that his friend knows about bitcoin but he doesn't show interest in bitcoin due to some reasons like many risks, manipulation... and if add the title then, it can be understood that OP's friend is a fairly wealthy person. In short, many rich people show no interest in bitcoin, which is what I understand.

Many people want to invest in bitcoin but not all. Not everyone after learning about bitcoin likes it and will invest in it. This is completely normal and they all have their reasons. I also have a few friends who know about bitcoin but they never seem to be interested in it because they also have their own stable jobs.

[atamism]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

I am still trying to understand to understand your write-up since it looks like a phrase to me. You said your friend choose not to invest in Bitcoin because Bitcoin is small or what? I do not understand what you have written do far and I hope you can elaborate because your sentences do not really make sense to me. You need to ponder on what you have written so we can understand you quite better.  

There are many people that are eager to invest in Bitcoin because they have been seeing results of other investors who had invested in it with profits. The door is opened to everyone to buy and hold Bitcoin for as long as they are ready to hold before selling.

What OP wants to say here is that his friend knows about bitcoin but he doesn't show interest in bitcoin due to some reasons like many risks, manipulation... and if add the title then, it can be understood that OP's friend is a fairly wealthy person. In short, many rich people show no interest in bitcoin, which is what I understand.

Many people want to invest in bitcoin but not all. Not everyone after learning about bitcoin likes it and will invest in it. This is completely normal and they all have their reasons. I also have a few friends who know about bitcoin but they never seem to be interested in it because they also have their own stable jobs.

Like my wife, I explained it to her, like how the market works and everything. Yet she still don’t want to invest in here. She tried to invest, but in the wrong coin. We ain’t rich, but the way she think is like rich. She carefully manage our money.

[CryptopreneurBrainboss]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

It's not the faults of this people for owning a large sum of Bitcoin, it's their reward for believing in Bitcoin when others didn't and refused to invite just as your friend is doing now. Also I think some of them creating a service that helped in the popularity of Bitcoin like Cz launching an Exchange (that no matter how we don't like him, he has helped in the popularity of the currency).

As we have more people like your friend (which we do) keep saying they don't want to invest then they're giving more opportunity to this whales that he's afraid of them owing more Bitcoin to keep on accumulating more Bitcoin because they believe in the currency and will be buying more whether people like your friend buys or not. If we understand the power and benefits that Bitcoin holds, we won't be bothered about what others own but more concerned about the quantity we can own ourselves.

Those guys won't want to sell their Bitcoin because they still understanding the potential that Bitcoin holds and them having a large quantities of Bitcoin puts them at the top of the food chain so instead of selling they'll be looking to add more to their bag. Also if the whales are selling they won't likely be doing that on exchanges but Over-the-counter (OTC) and it won't have any impact on the market. Also as the Bitcoin gets more adoption we'll have more liquidity to cover up any amount they want to sell and it won't have any or little impact to the market.

[Promocodeudo]

OP, in as much as I place much value to individual opinion towards bitcoin, I will not buy to such excuse by your friend, yes, the major bitcoin hodlers and investors can decide to withdraw their investment if they want, this action may awaken unstable position in the crypto industry as whole no doubt but what am not sure is, collapsing if the system, come to think of it, why is that people restrict themselves from this investment by initiating negative mindset, I can say it anywhere, Bitcoin has come to stay, giving this investment a benefit of doubt won't be a bad idea, I know that your friend was outlining future possibility, this stuff can discouraged people that want to come into the industry, I think we should do what we can, though no financial advice.

[Kelward]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

I guess this your friend that is rich is a business man, so if he thinks that bitcoin is profitable and majority of it in the hands of a few individuals, as a business man, why don't he join these whales and control the bitcoin market. I'm guessing that he doesn't see bitcoin, as the kind of business that he'll want to be involved in, instead of giving the excuss of a few investors holding large numbers of the coin.

Despite this whales holding majority of bitcoin, other rich people and the ordinary man on the street are still benefiting from their investments, if it were not to be so, left in the hands of whales alone bitcoin adoption would have diminished significantly, perhaps leading to it's death. But this is not the case today.

This is to be expected in any big establishments, major share holders call the shorts, and if it's not favourable to any investor, all they need do is sale off their assets. So if these big investors control the bitcoin market unfavorably, then there's nothing stopping  others from selling all their bitcoin.

[yazher]

Rich persons who are conservative when it comes to their wealth and not risk-takers are just being careful and we cannot blame them because they have their own experiences and stories concerning their money. Let's just focus on those companies that are not affected by these decisions rather they still update their companies or platforms by adopting and putting bitcoins as options for payments and other transactions. They know what they might lose in this new financial innovation but they took the risk as a real businessman and supported bitcoins as far as they could.

[Blitzboy]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

It's not the faults of this people for owning a large sum of Bitcoin, it's their reward for believing in Bitcoin when others didn't and refused to invite just as your friend is doing now. Also I think some of them creating a service that helped in the popularity of Bitcoin like Cz launching an Exchange (that no matter how we don't like him, he has helped in the popularity of the currency).

As we have more people like your friend (which we do) keep saying they don't want to invest then they're giving more opportunity to this whales that he's afraid of them owing more Bitcoin to keep on accumulating more Bitcoin because they believe in the currency and will be buying more whether people like your friend buys or not. If we understand the power and benefits that Bitcoin holds, we won't be bothered about what others own but more concerned about the quantity we can own ourselves.

Those guys won't want to sell their Bitcoin because they still understanding the potential that Bitcoin holds and them having a large quantities of Bitcoin puts them at the top of the food chain so instead of selling they'll be looking to add more to their bag. Also if the whales are selling they won't likely be doing that on exchanges but Over-the-counter (OTC) and it won't have any impact on the market. Also as the Bitcoin gets more adoption we'll have more liquidity to cover up any amount they want to sell and it won't have any or little impact to the market.

While early adopters of Bitcoin should be commended for their vision and daring, there's more. Isn't the goal of the Bitcoin ecosystem to foster collective growth rather than just individual victories? The problem is that Bitcoin deviates more and more from its decentralized ideal as ownership grows more concentrated. The goal here is to preserve the equilibrium that distinguishes Bitcoin, not to incite jealousy.

But keep in mind that even though whales impact on the market may be indirect, it is nonetheless substantial. Although they may not cause a sudden tremor in the market, over-the-counter transactions gradually mold it. What about the liquidity that absorbs any sell-off? While optimistic, that cannot be assured.

Rather than just accumulating more Bitcoin, the goal should be to increase its appeal and accessibility. The true power of Bitcoin is found in its broad use and acceptance rather than in the size of a small number of large wallets.

[petulino]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.
Looking forward to the well thought out opinion of the experienced in this regard.

In the world of cryptocurrencies, your friend's worry over the concentration of Bitcoin ownership among a select few people is not unique. The terms "wealth centralization" and "whale dominance" are frequently used to describe this ownership concentration.
It's critical that your buddy bases their investing selections on their personal risk tolerance financial objectives and market knowledge. Though legitimate worries around wealth concentration are only one facet of the larger bitcoin scene

[flyingcarpet]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

Your friend, in his opinion, wants to protect his money. It is important that this thought is his own rather than whether it is right or wrong. The money is his and the decisions are his. There is no rule that says everyone should invest. Choices determine our lives and we make choices in line with our goals. If your friend has reached the level he wants to reach, the rest may seem simple or not worth trying.

Since the concept of wealth can vary from person to person, knowing your friend's wealth level may allow us to make an easier interpretation. As I said, everyone's decision is their own matter and there is no rule that says everyone should buy Bitcoin. If you invest at the right time, you can become richer than your friend.

[jeraldskie11]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

It's normal for a person not to be interested after they learned from it because it's not in their taste. But the way he respond has nothing difference with the most people who refused Bitcoin. We have nothing to do with them but to make them realize that Bitcoin is not the same as they think. Most of my friends are interested in Bitcoin but the only problem is that they don't have enough money to invest. I see their interest and I look forward for it. If ever they have an extra money I'm sure they will going to invest Bitcoin. Their mindset is somehow different from people who really stable in life.

[Vaculin]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

Most likely, these few mentioned people are those who have seen the high potentials of bitcoin more than the majority, that’s why they make sure to grab theirselves maximum amount of bitcoin that they will surely benefit the most in the future. But we all know everyone is free to accumulate bitcoin, it’s just that the capacity of an individual to invest also depends on his financial condition.

However, everyone is entitled to have its own views and concepts about bitcoin. And if his own concept is negative,  then that’s mainly the reason why he’s not into bitcoin and is not planning either. But let’s see if he won’t change his mind in the future when everyone else is talking about bitcoin.