You have misunderstood Bitcoin investment completely.
Bitcoin investment and investment generally is not a test for who is wise and who is foolish. Investing in Bitcoin is all about technical know-how than measuring your level of wisdom. The knowledge you have acquired and how you apply the knowledge is what keeps your investment going for the long term.
People who are considered to be "wise" naturally have tried Bitcoin and failed, some tried to outsmart or find a shortcut in achieving success through Bitcoin with nothing to show forth in the end. On the other hand, those who are not considered wise have succeeded consecutively in Bitcoin investment because they did not ignore the basic principles.
You can have master degree, PHD, other academic honors and still lose in Bitcoin investment. The reward is for those who learn and discipline themselves not for title owners, CEO, or someone who have the highest shares. This is a chance for you to change your narrative whenever you see people losing in Bitcoin investment, it is not because they lack wisdom it is because they didn't apply the strategy correctly or they are not consistent.
You have a point, Bitcoin investment isn't a measure of who is wiser than the other but in this context he is trying to say that people that consider themselves smart enough to understand what Bitcoin is all about can make certain mistakes that leads to losses. It is agreeable to say that for anyone to understand Bitcoin and crypto currency in general your comprehension skills must be at least on a moderate level but even if you possess that you can end up losing as a result of FOMO, being overly emotional and also greed is another reason why investors can end up losing.
Na true you talk. Some people fit understand Bitcoin well, sabi the technology and still lose money because emotions no dey hear knowledge sometimes. Na why discipline dey very important for this space. FOMO don make many people rush enter market when price don already high, greed go make person nor take profit, fear too go make person sell when market dip small.
To understand Bitcoin na one thing, but to control your mind and emotions na another battle entirely. Even smart people dey make mistakes for this market because Bitcoin nor be only about sense.
