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50 sats \ 0 replies \ @kepford 12 Mar \ parent \ on: One strategy I've used to orange pill my friends tutorials
I like it. My response would be shorter.
Markets are highly emotional and irrational in the short term. But in the long term it is the inverse. Look at bitcoin's market trend over the last 10 years vs anything else.
- The gains are wild
- It is clear that investors do not yet understand it
- Bitcoin has a dedicated group of true believers with massive conviction that create a floor when the speculators get scared.
The more time I spend talking with hobbyist "investors" the more I think they don't understand markets or the price system. They have learned a bunch of slogans and bromides about "investing" but they don't get the underlying principles of markets and the price system. I mean... there's the lack of understanding bitcoin but also the gap in understanding the free market price system. They kinda go together.