0 sats \ 2 replies \ @joda 20 Apr 2023 \ on: Tips on how to orange pill others that we are still early with Bitcoin? bitcoin
I think the simplest thing is to concede that Bitcoin's dominance and endurance is not inevitable. It may not even be likely. But it is possible. The single most important aspect of investing in an uncertain world is diversification. If there's a 1% chance that Bitcoin becomes the world's monetary standard, and if that demand leads to a value increase of 1000x, then it's not unreasonable to allocate a small portion of one's investment portfolio to it.
Being "early" to something that may just play out to be niche doesn't mean much. You don't actually know that you're early. You may be late.
The majority of people around couldn't deal with hardware wallets. Get them to allocate a small amount of their retirement account to something like MSTR. When they see that double in a year, they might buy more, or dive the rabbit hole.
Wrong.
You start presenting bitcoin as an "investment" tool.
Bitcoin is not a shitcoin pump and dump.
Bitcoin's dominance and endurance is not inevitable. It may not even be likely.
Just with that phrase it shows that you do not know almost nothing about Bitcoin. And sounds like a shitcoiner tears...
You NGMI
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I don't think you can orange pill everyone, and each person will require a slightly different approach. Many people won't go from thinking you're in a cult, straight to being a maxi.
"Investment" is a matter of perspective. Of the people I know, I think they respond better to rational, diversified investment strategy initially. Or as a hedge against fiat hyperinflation. That is the sense in which they can see they are not "late" to Bitcoin.
Bitcoin might go up a lot, but it may not in the very near future. I wouldn't try to get a recent retiree to sell their bonds to go all-in on BTC.
I appreciate the compliment that I don't know almost nothing about Bitcoin, however. That was overly generous as I still find new things to learn every day.
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