30 sats \ 1 reply \ @jennann 4 Nov 2023 \ on: Reasons why most people seek info on what to invest in? bitcoin
When it comes to seeking advice on investments, people often gravitate towards their social circle, reaching out to family and friends. This tendency is rooted in a sense of trust and the comfort that comes from familiarity. It's not just a matter of laziness; many find the financial world daunting, with its complex terms and the perceived high stakes involved in investment decisions. There's a certain overwhelm that accompanies the prospect of sifting through endless data and jargon, especially for those not steeped in financial knowledge. Meanwhile, the perceived expertise of a friend who's a CFO or a family member who's dabbled in real estate can be incredibly persuasive. It's a cognitive shortcut that eases the decision-making process, with the assumption that such individuals must possess a deeper insight into the world of investments. Additionally, the allure of success, often gauged by outward signs of wealth, can lead people to conflate financial appearances with acumen. It's a case of success by association, where the trappings of affluence are mistaken for a secret knowledge of fiscal matters. It's in these moments, such as when someone asks whether it's a good time to buy Bitcoin, that guiding them towards self-education can be particularly empowering. Rather than giving a straightforward answer, pointing them towards resources to understand Bitcoin encourages them to build their own informed perspective.
well said, I like how you think!
I guide them for self-education knowing this can be provocative for their brain as most people demand absolute clarity for their investment question (yes/no answer, good/bad time to invest)
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