Just the technology itself should prove very challenging to most nerds who are not going to be satisfied with a superficial illusion of understanding the technology. In the sense Bitcoin provides an unlimited learning opportunity, and even the academic world is yet to fully catch up. A lot of the work about Bitcoin if it exists at all is just looking at it through the same lenses and the same assumptions.
There is a lot of good information about bitcoin through writings and podcasts and even videos. There is also mediocre work, so sometimes it can be difficult to distinguish the good work from the mediocre work, including for people to engage in critical thinking in regards to information that they read or watch.
Some people don't even like to read anything, so they just watch videos, which might end up leading them into shitcoins (or trading bitcoin) rather than investing into bitcoin.
Having a wealth of knowledge will also amount to increasing your chance of a successful bitcoin investment. A bitcoin person must have a reading culture if they must learn and be confident to question some informations after a critical examination of how it does not align with the digital asset. An intellectually lazy person is whom accepts all the informations that come his way cause he is too lazy to make his research and verify.
You don't need a wealth of knowledge to get started investing in bitcoin. All you need is some common sense and discretionary funds, and you can get started investing in bitcoin.
If you have common sense, then you know that you adjust your investment size to your knowledge level and if you don't have a lot of knowledge, then you likely would decide to start out investing with a small amount, and ONLY increase your amount invested (whether weekly or otherwise) as your comfort level increases.
Expanding on what I said, I personally know a few examples of people who invested completely meaningless amounts of money and got spooked on the first strong dip. In this case it would have been much worse if they had invested significant amounts of money, but luckily they didn't. Still such people present rather difficult examples to turn into investors of any kind. I don't think age plays a role much either, some were older and some were even in their 20s.
Ultimately bitcoin continues to have low level retail adoption, even though there are more and more talking points from institutions and even guys like Saylor (even though in recent times, Saylor seems to have been losing some credibility even though he has a lot of decently good historical presentations).
Normies have to figure out bitcoin, and it might take more than one generation, even though guys who already know about bitcoin consider it to be growing fast, we still likely have less than 1% world wide adoption of the population, and even those who own some, might not own as much as they should own or could own..
What may be setting off such low level retail adoption gradually revolves from the growing bitcoin price that have climbed high in price and looking so expensive to buy presently when it is judged by former price in the early days when retailers found it cheaply affordable for the quantity they were able to buy then.
You have been registered here since March 2025 - so merely 10 months. Are you letting the BTC price and/or bitcoin's historical price affect whether you are buying bitcoin?
If guys have absolutely no bitcoin, then they are only going to be prepared for up if they buy some bitcoin, so sure, guys can wait for bitcoin price corrections that might not happen, and they will be committing a mistake that has continued to play out with bitcoin, with many normies waiting rather than getting the fuck started, and investing into bitcoin through buying regularly, persistently, ongoingly, consistently and perhaps even aggressively.
It tends to take a long time to build up bitcoin holdings, and waiting around for dips that might not happen seems like a pretty dumb way of approaching bitcoin investing, especially for newbies who either have no coins are low quantities of coins.
Presently it has been more of an open field for institutional investors cause the price of bitcoin is still affordable for institutions. It still not an excuse to steer to shitcoins for their cheapness.
You sound distracted.
The fact that institutions, governments and/or status quo rich folks are recently seeming to buy more bitcoin should give some hints that ongoing buying of bitcoin might be a good idea rather than being worried about whether the BTC price might drop, when it might not.
Even if newbie bitcoiners might have trouble figuring out ways to establish a 4-10 year or longer investment timeline (and most cases more than 10 years unless you have age and/or health issues that interfere with that), they likely need to get started and to figure out that it is likely that they are investing in bitcoin for 10 years or longer. But hey whatever, newbies are free to wait and to get distracted by ideas the BTC price might drop, when it might not.
Though is not compulsory that a bitcoin investor/adopter must have to purchase a whole bitcoin before he can begin/continue to accumulation in the way the institutions are doing. Retail adopters can purchase with the amount they have to afford according to their income. With constant purchasing in a 4-8 years it will amaze them how much bitcoin they are able to stack with that amount that was initially taken to be small to begin with.
Good.. at least you have that part figured out.. buy with what you can is the better approach rather than being worried about if others might be missing opportunities.
Part of the issue is that there is quite a bit of asymmetric information, which means that normies generally do not really understand and/or appreciate bitcoin's value proposition, so while there is a certain segment of the status quo rich, institutions and governments sucking up the bitcoin supply and driving up the price, many normies are failing/refusing to get the fuck started in their need to focus on bitcoin accumulation (for their own good) and not to overdo it.
It comes off as misleading and potentially even deceptive to repeatedly refer to bitcoin as digital gold.
sure there are various aspects of bitcoin that were modeled after gold, yet bitcoin is different than gold, and sure maybe once in a while it is o.k to say it, but it is probably better to just use the word bitcoin unless you have some specific point about digital gold and/or digital currency that you are wanting to make. Bitcoin does have a variety of attributes that include digital gold, digital currency and even the existence of various derivative products that likely cause paper bitcoin and/or more claims upon bitcoin than the quantity of bitcoin.
Maybe we could state instead that it has features of both gold and cash, so it is kind of acting as a mix between digital gold and digital cash in terms of functionality and features? I agree it is better to refer to it as Bitcoin unless we are talking about specific features and characteristics. Some people may not spend a lot of time researching the things and may take away something wrong if we keep referring to it as digital gold or something without providing more information.
Surely we might sometimes want to highlight certain attributes, yet it could be problematic to overly lock bitcoin into a category when it likely crosses over some of the traditional categories.
Unfortunately my observation is that most adults are not learning almost anything at all in their lives.
Even if there might be some truth in your observation, it is a bit patronizing.
It is unfortunate but I don't know any better way to state it that makes it less patronizing. These are my observations based on people that I know more closely and people that I have met throughout the years. A small percentage continues to learn new and interesting stuff. Even with working out, I would say that about 1/3 of adults do it and that the percentage continues to decline with age. Both exercise and learning are essential for overall health. Actual observations may depend on your circles, if you are friends with a big group obviously the numbers will be biased towards this view. I believe these habits or decisions to not learn actively are making it hard to introduce Bitcoin to some people. Bitcoin is very complex and very simple as the same time in a way. Someone who does not regularly learn new things may struggle dealing with the necessary learning of various concepts that relate to Bitcoin depending on the background of the person.
For sure, any time we might be talking with a person about a topic, they may or may not be familiar with the topic, and sometimes they even have wrong ideas about the topic.
Sometimes we might spend several hours talking with a person on a topic, and we might even start to conclude that they are becoming familiar with the topic, yet sometimes it can take several touches with a topic, and surely the person has to show interest in the topic, and merely because we might be familiar or interested in a topic would not necessarily mean that we would be able to get another person interested or even curious in regards to the same topic.
There are likely also a lot of ways that people are challenged in their work, so by the time they have free time, they get a bit lazy and/or run out f energy.
Good point. I think this one can get overlooked by us who do not have this problem, who love or work or work in some great company even if we may not be in love with the particular work because this makes a huge difference. Still if this is the case people should find methods and practices that strengthens their mental resilience and increases their energy.
Sure we can always point out people who are not working too hard to learn things and who seem mentally lazy, yet even guys who ongoingly engaged in self-improvement and/or engaging themselves in intellectually rigorous work, there are only so many hours in a day, which is likely part of the explanation regarding why so many normies end up feeling like they have to specialize and there are not too many Jacks of All trades (might they be referred to as poly maths?)
I understand that for example after a hard day at working cooking a good meal can be hard,
And even folks who likely realize it is better to know the ingredients of what we eat, younger people can tolerate bad food a bit better than older people, and so sometimes younger people might not even realize that the food they are eating is causing a lot of negative health consequences until they are a bit older, and then they end up suffering from some kind of a health event that then stimulates them into learning about nutrition - including having to come to their own conclusions (which might differ from what they thought previously) regarding the role of nutrition, sleep and exercise.
but there is an underestimated difference in how we feel when we eat healthy food and when we eat junk food or bad food.
We might not realize those matters until we are in our 40s or even later. Sure some folks figure it out early, yet sometimes when they are eating some items out of a box and the box says "heart healthy" they might not realize that they are being lied to, including not knowing that natural foods are good for you including eggs and animal fats as compared with industrial oils and the body of young people might be able to tolerate including athletes might not realize either, since they are otherwise strong, relatively speaking.
It could be a vicious cycle, challenging work leads to eating worse food or not engaging in healthy behaviors because one is drained, which makes the work even more challenging and this just goes on.
And there can be genetic aberrations too.. .. so that some folks might tolerate abuse of their body much more than others.
I recall that I had some periods in which I would go out on a Friday and/or Saturday night (and even other days of the week), and then I would get just a few hours sleep and then go train for a marathon (running), and there were several groups, the faster ones left earlier (like 7am or maybe before that) and the slower groups started later, maybe after 7:30am), so we generally would know the route and the distance for that week, so I would purposefully show up when most of the groups had already departed so that I could challenge myself to see how many of the faster groups I could catch up to and pass up.. and it was a bit of my own challenge, so that if we had a training run that was close to 20 miles, sometimes I would end up catching up to some of the fastest groups, but then I would feel better than them (psychologically) because I had started out 30-40 minutes later and still caught up to them. hahahahaha.. It is dumb, but sometimes we can feel invincible (and even immortal) when we our in certain parts of what we believe to be our physical prime.
There is a lot of good information about bitcoin through writings and podcasts and even videos. There is also mediocre work, so sometimes it can be difficult to distinguish the good work from the mediocre work, including for people to engage in critical thinking in regards to information that they read or watch.
Some people don't even like to read anything, so they just watch videos, which might end up leading them into shitcoins (or trading bitcoin) rather than investing into bitcoin.
There is and you are right not everyone likes to read stuff, but I agree that videos are more dangerous. From what I can tell how the YouTube algorithm works these days, unless you go into really smart and educational Bitcoin content it will quickly take you to influencers who are promoting all kinds of shitcoin scams. Reading a book like Mastering Bitcoin seems much safer.
Frequently when we are new to a topic, we can learn from anyone, yet sometimes if we learn bad habits, then it could take quite a bit of effort to unlearn the bad habits (and some folks might not even unlearn their bad habits if they either cannot recognize the bad habits and/or no one (they trust) points out the bad habits that they had taken on.
Sometimes we also might get caught up in battles and even thinking that we are "doing the right thing," yet we might not realize until later that we were not advantaged by getting in that battle, even though sometimes our various life battles will help to define certain aspects of our character.
Ultimately bitcoin continues to have low level retail adoption, even though there are more and more talking points from institutions and even guys like Saylor (even though in recent times, Saylor seems to have been losing some credibility even though he has a lot of decently good historical presentations).
Why do you think that Saylor seems to be losing some credibility in recent times?
He used to claim that he would never sell his bitcoin, but he changed his position.
He used to proclaim that various actions of MSTR were accretive to MSTR shares - yet there seems to be a lot of questions regarding the truth of those claims, even though surely if the BTC price goes shooting up, folks who are buying MSTR shares and other MSTR products might start to feel that Saylor ended up delivering, even though they might have had been better off to just stay in bitcoin. Of course, if MSTR pumps higher and faster than bitcoin then they could profit from that extra pump and leverage, even though they would have to sell MSTR in order to accomplish that extra profit. Anyhow, there can be a sense that Saylor is manipulating too much to print money, which is partly what he said that he would do, and surely folks can lose confidence when they look at his various statements over the end of 2024 and in early 2025, but then see that MSTR lost way more value relative to bitcoin over 2025, so then feel that Saylor had lied to them even though Saylor had also disclosed that MSTR would likely be more volatile to the upside and to the downside which is a truth that still might feel like a lie, and losses in confidence.
Normies have to figure out bitcoin, and it might take more than one generation, even though guys who already know about bitcoin consider it to be growing fast, we still likely have less than 1% world wide adoption of the population, and even those who own some, might not own as much as they should own or could own..
I think normies have it hard in the modern world. There is a lot of things to be distracted with, there are issues with dopamine addiction, and the economic situation is not that good either. Also Bitcoin is a bit abstract, so that makes it even more harder. It is easier to get someone interested in something that they can touch with their hands and experience directly, something like a robot vacuum or VR headset. We have to find ways to get around these challenges.
Sure, young people have to identify their career direction, and sometimes they might make bad choices and/or not prepare enough for things that they might claim that they want to do. since certain kinds of careers (or even getting rich) will likely take some effort, and other folks might find themselves in careers they perceive to be dead ends, so then they might have to figure out if they are ready, willing and/or able to retrain.
The challenges of each age are different, and both young people and older people do not necessarily understand the extent to which the debasement of the money contributes to a lot of problems and they might not know what to do about the matter, even if they can identify the debasement of the money problem, even though bitcoin is available as likely partial solution for anyone who is able to generate discretionary income, but yeah, it can be pretty depressing to be buying bitcoin from a shitty job that hardly pays enough to generate a discretionary income, and surely anyone who is able to get a raise (or a promotion or cross trained) would then have more discretionary income to be able to invest into bitcoin, yet sometimes the route to better pay is not an easy one that normies are ready, willing and/or able to do.
