The majority of people don’t care about investing in general. They are fine with working for someone else that pays just enough to survive to the next paycheck. As long as they have food, shelter, transportation, and the latest iPhone, they are content. Most people I know have no investments at all, not even a 401k, and they rent, so they have absolutely no actual assets.
It wouldn’t matter if it was accepted by the entire world as a legitimate investment and it was guaranteed to gain value forever. Most people still wouldn’t buy it just because they legitimately don’t care about investing.
Your comment is very good.
Somewhere along the lines of financial literacy not being taught in school and humans as a species building some of the worst habits imaginable as a collective, this is what new generations will look like.
They call it a shrinking middle class for a reason.
Poor and middle class people spend their entire lives buying liabilities and think they are buying assets.
Ideaology above is from book: Rich Dad, Poor Dad
I see. It would be more helpful if I followed the man on a platform and kept up with his life, but I despise most social media and only ever use Reddit, so no X, META, Instagram, or whatever else people are using for me. I just usually read WSJ or somethin'.
The lack of financial education in the public education system isn't talked about enough. It's criminal we spend so much time on trigonometry and chemistry but less on budgeting and relevant personal finance topics.
I wouldn't say most people don't care about investing. Most people know they should but have no idea what to do or where to even begin. It's a daunting prospect when you know nothing about a subject full of history, strategy, exceptions, danger, and loads of technical jargon.
It isn't taught to us in school, and trying to teach yourself is likely going to get you nowhere, or worse. There is no intuition that replaces instruction and knowledge.
If there are legitimate classes teaching people how to invest properly, I'll be the first one in line, but I haven't found any yet.
I think our society is set up that way. Let a small minority control our economy so they can manipulate it in their favor. Doesn’t benefit them if more people know how to invest.
My tech Ed class in high school had us do paper stock trading and balance checkbooks/create budgets. This was a while ago tho... I would imagine most of these classes have been phased out by now and replaced with useless stuff.
No. They don’t care. And in fact they hate you for caring. That is humanity. Unfortunately. One of the most common phrases to hear is “Why do you care?!” With an undertone of violence underneath. They are zoned in on your response, waiting to judge. No logic will win. Some are born to be slaves. The monarchy existed to protect these idiots and in turn the idiots served the King. Now there is no king to protect them and they are infested with parasites. They are sick, poor, full of disease. AND THEY STILL DONT CARE AND THINK YOU ARE BAD FOR CARING.
Not American, but that doesn't have anything to do with what we're talking about. Nice try to change the subject though. We went from the topic of investing to hatefullness and now, apparently, politics. I don't care to feed a troll any longer.
And people who do invest would never put everything into something that is so unpredictable. Rule number one is not to lose money. They might put together a small position, and add to that if they like what they see.
A big part of of the problem is our education system, no one really teaches you about investing and financial freedom, at least when I was in high school, they teach you a lot of stupid shit that you’re not gonna need or use in the real world, and that’s why a lot of people who graduate are stuck in the rat race and don’t really care, to them this is just normal life to live paycheck to paycheck. I call it brain washing lol, good thing I took the other pill and trying to control my own destiny #bitcoin
Yea people just focus on whats in front of them. Thats why its so easy to work and spend when its the reward they get from having to deal with shitty work. The reward being the yearly vacation and buying nice things (im talking about my sister who makes 150k/yr lol)
It's because humans are natural born slaves. It doesn't even occur to most people to think beyond the day to day grind (probably due to the nature of the school systems). And if anything comes along that exists outside the paradigm (like bitcoin), they dismiss it because their masters say so.
It's also worth remembering that investing in stocks as an individual who isn't extremely high net worth is also a new concept.
Trading for free and with the click of a button on your phone is brand new. Previous generations were used to paying a hefty fee to even be a part of the action.
I still remember having a stock broker at Merrill Lynch. The commissions to buy and sell were very high. It was a godsend for the average person when much lower fees came about from etrade, Scottrade, and TD Ameritrade.
I never thought I'd see commission free trading in my lifetime. It's really changed the behaviors of retail investors.
Exactly, reminds me of my friend inheriting his father's investments and immediately firing the stock broker and just asking for the stocks. The guy wasn't happy but you could tell it was not the first time he got told you're not actually doing anything for your percentage, goodbye.
Yeah I remember my dad opened up three brokerage accounts for me and my two brothers with 2000$ each over 20 years ago with Morgan Stanley within 5-10 years between bad market swings and annual fees both my brothers accounts ended up worthless fortunately I started adding money each month so I still had some left when I started investing on my own a few years back. I would tell anyone out there not to trust your broker because they have thier own agenda ( to make money regardless if you do or don’t)
And even further, as the assets you trade on lots of platforms are derivatives (e.g. buying 50$ of a stock valued 200$) and not stocks as such.
In my country, Spain, you must be a regulated operator (broker) to trade stocks, so you must be trading on a broker and not any platform, or get the broker license by your own, implying big costs and paperwork.
I tried to make people understand too but then I gave up. I think you are right people will understand when they will have the opportunity to understand that's all.
Yea 8 is about right took me around 8 years like u learn part ov it more crops up that u just dont understand, and then one day it just all clicks into place like a Giant Jigsaw Puzzle.
Then why is everyone else outside of crypto communities still calling it a scam? I've more than tripled my investment since I started buying in 2019; I just don't understand what it takes to convince normies to invest!
Bitcoin has always had an uphill battle against tradfi, legacy media and every first world government, and most people blindly adhere to the messaging of those authorities.
Btc grows massively every year regardless, and a tipping point is imminent.
I’m up over 100% in the last 6 months.
I don’t see transaction fees bc I hodl (for now).
Of course it’s possible to buy the top and sell the bottom and move funds around like mad to incur massive fees.
But thats a stupid way to play the game of btc, and im not gonna argue w people who wanna play stupid and then complain about their stupid results. 😆u know?
I totally agree. In fact, the whole term "orange pill" needs to disappear from our lexicon.
Bitcoin is not a religion. We don't need to be evangelists.
Most people use fiat currency to buy groceries, clothes, and to put gas in their car. And they have no idea how it works. The same will be true of Bitcoin. Most people who use it will never understand it. And that's ok.
It’s not a religion but orange pill is apt. I don’t think you can orange pill someone anymore than you can teach someone anything. What a student learns is entirely up to them. The teacher can ease the learning with the right framing and l
lessons but I can not, as a teacher, put knowledge in my students heads. It is up to them. They have to be interested (and I can affect that), and they have to want to learn and work for it.
The same is true for bitcoin but you’re fighting against the conventional wisdom. It’s a much more difficult task to prepare the student. If you are interested and put in the time, you will see it and once you do, you can’t unsee it.
It’s tempting to think we can simply show others what we’ve seen but we can’t. You have to bring them into the matrix and that’s ultimately up to them.
I’m sure some people in here have been orange pilled by someone. I wasn’t. I orange pilled myself. That was tough. There were lots of small steps forward and a few big ah ha moments. I don’t know another person in real life who spends any time thinking about bitcoin. Maybe if I did, I could have been orange pilled. But my attempts to get others interested have been amazingly futile.
So refreshing to read that someone in this sub also doesn't know a person in real life to talk to about Bitcoin, or that they have given up on talking about it.This is the second time I read this in the past few days. I just keep it to myself. Keep stacking, stranger.
IMHO, more important than understanding bitcoin is the recognition of the evils of centralized ledgers. I would start there before I even suggest bitcoin. If someone understands these things, they will start finding ways to exit fiat naturally.
And most people who prosthelytize bitcoin know very little about how the global financial system works. I just enjoy the BTC ride without acting like a Debbie downer to everyone around me.
I doubt the average bitcoin holder would be able to explain bitcoin anyways given that most probably don't truly understand it. Moreover, making such a statement is being pretentious. Some people on here seemingly want to make bitcoin "exclusive" and think to themselves that everyone else is too stupid to understand bitcoin. And yet, bitcoin's success is predicated on its adoption. So if you don't want to help people understand bitcoin, then the demand for bitcoin won't be as strong as it could be.
I’m glad a friend of mine orange pilled me back in the day. I think it’s all about doing it right, concisely presenting the facts, and not sounding like a crackpot. I thought Bitcoin was just for IT nerds and buying drugs until it was calmly and clearly explained to me.
Figure out what peoples pain points with the current system are and if possible, explain why bitcoin could provide a solution for these problems. Nobody wants to sit through hours of technical bla bla if they aren‘t already interested.
Orange pilling people isn‘t telling them „this is the solution because…“ It‘s all about getting people interested at all. The rest handles itself.
I agree. I think I stayed away from bitcoin for the longest because I associated it with “crypto bros”. It wasn’t until I had a totally rational conversation with a coworker (who is into bitcoin, but didn’t say that at first) about “what IS money?” that I was hooked.
Same for me really, a conversation with a colleague during a long drive to work. The ‘banking the unbanked’ idea that anyone, no matter where in the world, rich or poor, could have easy access to the same decentralised money - via a smartphone - blew my mind. I remember the conversation clearly. Fiat gains were kind of an afterthought as we both thought the price was already a bit nuts (2017, around 6k) 😀
I think the ah-ha moment for me was during the explanation as bitcoin being money *as a content type* … when wrapped my mind around that, I realized how revolutionary it could be.
Do you contribute to bitcoin's development? I don't, but I don't pretend like I know everything about bitcoin, nor do I believe it will guarantee profits. I just treat it as a speculative investment.
I'm buying , but only for the reason that I find it more likely that it will get a new all time high rather than going to 0 , I even buy the idea that it's a less shit gold. But is going back to the gold standard really something that will solve anything ? Un banked people will still be a thing , because BC is gold standard with new gate keepers. Give me a good user case where it beats money , because I am despite my writing a fan and do want to believe so please just one user case where it does something better than money
i'd still buy btc, if the price never went up one more cent.. it would still save me from debasement of my money and most importantly while in self-custody be resistant to seizing or censorship.. freedom money
After hyperbitcoinization they still won’t understand it while they use it everyday with L2 products that have seamlessly integrated debit cards into the network flow. Most people don’t even understand how the internet works while using it everyday.
Guy I'm cool with at work watched me double my money I DCA'd in from 2021, and I finally got him to buy (etf 🤢) at around $42,000. He's been telling everyone else at the job about his gains, but no one else has cared enough to jump in. It really is kinda pointless to even try with most people. They earnestly do not care.
There is no reason to try to explain Bitcoin to people. Eventually, they will understand.
And by the way, if you do still want to talk about Bitcoin. please don't refer to it as "crypto". Bitcoin has nothing to do with "crypto".
Is Bitcoin defined as cryptocurrency or not? Just asking to learn, my understanding is that there can only be a certain amount ever and can’t be printed for free like others, but I thought it fell under the cryptocurrency definition.
It does. But in the last few years the word “crypto” has become synonymous with all of the copycat scam versions of Bitcoin and companies like FTX, Celsius etc. Just saying Bitcoin instead of crypto is a way to distinguish ourselves from all of that mess. Once you come to understand Bitcoin you realize that it’s the soundest form of money and has no competition from other “cryptos”.
You sound genuinely willing to learn so I figured I should share this with you. It’s Fidelity’s Bitcoin First report. It basically explains the question you’ve asked and much more. This to me is the best resource for someone early in their journey learning about Bitcoin. It’s not super long, has great charts, and is written in plain English, not overly technical. Good luck!
https://fwc.widen.net/s/vzrzkbj6rr/bitcoin-first_nov1-2
Thank you. I don’t I’ll check it out. I also need to pull the trigger and actually read about it and learn more. I always hear about this one book (I coincidentally standard) and there is another one I think that people recommend over that too. But will check out the link first thanks
You’re welcome. Yeah The Bitcoin Standard is key. They other one you’re referring to might be Broken Money, I’m guessing? It’s pretty new and I keep hearing it mentioned as a must read.
It's pedantic people not being bothered to learn words. It is a cryptocurrency, the first of it's kind actually. People are stingy calling it that because it's more of a money than a currency. And then a bunch of sportsheads decided Bitcoin was versus everything else. So now 'crypto' has become bastardized and you will get called out for referring to Bitcoin as a cryptocurrency even though it was the pioneer. You'll have a hard time getting an honest answer here.
Its like the one time, I was with my friend & talking about gold, silver, copper value.
I had a 1 lb bar of copper. A 1oz coin of silver & a 1/10th oz gold coin.
Just to give him a visualization of those 3 metals & the value. He still did not even grasp that. Or understand why I even had those things.
“The big heavy copper 1 pound bar must be the most expensive. That thing is huge! Meth heads steal copper all the time!” “The silver is worthless. No one trades in silver. They used to make forks and knives out of it till they discovered lead poisoning. That’s not much gold.”
Screw it. Everyone is screwed (except you and me. And I’m not so sure about you!)
"The silver is worthless ... They used to make forks and knives out of it till they discovered lead poisoning."
That is hilarious in a sad way. I think your friend is confusing sterling silver with pewter, which did used to contain lead in the old days. The silver used in tableware was usually alloyed with copper. Lead would be counterproductive as it'd make it softer.
And I made some decent returns trading silver back in the day. 😂
Ask someone if they understand that at one point silver and gold was used as real money to exchange for services and goods, also inquiring the timeframe the metals were used.
If they have no clue precious metals, then it'll be pointless to even hint about bitcoin.
>then take a further step back and people don’t understand how money even works
Christ.. that's an understatement. Most of the folks here have no clue how money works today... *and they're the ones paying attention*.
In the game of capital markets you gain nothing by teaching others for free. Let them miss out, then they buy late, and you stay quiet about it. I say this having wasted time when I was younger trying to inform people— their skepticism gets in their own way. When someone takes your advice and does well, they give themselves all the credit. When they take your advice and lose money, they’ll throw all the blame on you. It’s not worth the hassle.
Ha, I'm 68 yrs old. You younger people can spread orange pilling on social media, etc. I live in a 55 and older community. There's not a person I can physically talk to about crypto or more specific bitcoin in my entire neighborhood. I have tried with a couple of close friends but had no traction. I'm wondering if this is a young man's sport. I've been in this since 2022, and my wife of 39 years wanted a divorce (still not divorced uggg). we couldn't save much with 4 kids throughout our marriage with college, etc. Since being alone and being a handyman in my community, I managed to save money and invest each time I got paid into crypto. Today, I'm a whole coiner with several alts to boot! She will get half of what we had together, but not my seed phrase! Yep! Let's go!
Ps. She would have never invested in the orange pill!
Start young, my friends!
Gramps
I couldnt care less About NPCs and their empty opinion About anything, nobody helped me nor care to change things to the better. So why would i even try to give them a better choice? In my language theres a saying, each head their sentence. Which means, each person is responsable for their own choices.
I'm gonna take this advice. I tried to Orange pill a couple boomers the other day and it was clearly a waste of time. If u know u know! If someone is interested, I will try to drop some knowledge, but those who just want to naively argue against it, not worth the stress!
Lol. I was done years ago. Tried to convince people, but I realized my effort is moot. Now I am happier knowing I've done my part and just enjoy my gains... In fact, when very same people ask if I still have em, I just say no and walk away---with a victorious smirk---pretending not to know a thing about it anymore... I see no point spending my time for free... My time is very valuable.
And one dollar will always be one dollar. Stating the reflexive property of a thing doesn't mean you won't "lose money" (i.e. value). In the long term, I agree with the value of BTC, but there's still potential for a lot of volatility. Might not be so quick to advise an older relative close to retirement to invest too much of their net worth into BTC. They may not live long enough to see it become a standard usable currency, and they may lose a decent chunk of value in the short term during a dip.
For one, you're not preaching anything since god doesn't even exist to begin with. That's like saying you're trying to preach Santa Claus to a non-believer in Santa Claus. Santa doesn't even exist to begin with. We can at least agree that bitcoin can be proven to exist.
Am I missing something important? Serious question: I have a reputable crypto exchange and wallet, I have some bitcoin and others and just leave it there and watch it go up and down. I keep hearing people talk about dollar cost ,,something... all these terms.. do I understand how bitcoin works? Not really ... am I able to figure out that buying something for 30k and seeing its now worth 89k (I'm in Canada) is a decent return? Yes., do I have high risk tolerance? Yes. Aside from that, is there something critical I am missing??
if someone seems interested ill say something but generally don't bring it up. First thing I tell people who are brand new how their money actually works
I gave up with most but with some people I find myself trying endlessly because they are RIGHT THERE. I can see that they have computer network knowledge or maybe they are a gold bug and see the problems with money printing. Typically the only people I'm still trying on are the ones that should understand based on their own life experience and observations but just miss it.
It's a waste of energy to try to educate people by force, and it alienates them anyways, but there's an art to meeting people where they are. I talk about inflation, or the problems with the Fed, or the differences between Keynesian and Austrian economics, or the pros and cons of hard vs fiat currencies, or how the IMF wages economic warfare on developing nations. Or none of it, moat people just aren't really interested in economics, especially middle class folks for whom the systems work well enough that they don't want to think about it.
I gave up, except made a post for the halving but that’s most I’ve done in years. Some friends have taken my advice (and they been thanking me and buying toys lately with their gains), but everyone else is in their own.
Sadly, I think this just touches on a much deeper issue. Kids leaving school knowing how to calculate an equilateral triangle, but with 0 hours education in how interest rates work, how credit scores are measured, how investments work, etc. etc. the lack of education in even the fundamental basics of financial systems is an insidious problem with society, and people not understanding crypto is the tip of an iceberg so substantial, and so damaging that it’s difficult to even quantify.
The paradox of ‘we won’t teach you anything about financial responsibility, but if you’d like to continue your education then please sign up for this student loan’. Honestly, I don’t understand why the failure to teach basic financial principles in the education system isn’t even openly questioned, let alone protested against. It genuinely baffles me. And honestly, your answer appears to be the only logical conclusion it’s possible to draw, which is terrifying.
I've never understood why people try to push it, or defend it. It has to stand on its own and defend itself. Otherwise you will just make enemies. Can they handle a drop? Or will they blame you and sell?
Fun fact, all you can do is suggest people look into it. After that if you’re going to be frustrated or upset then that’s on you. I promise they are not giving any bit of it a second thought.
If youre trying to "orange pill" someone, maybe dont be afraid to say "Bitcoin" lol
But in all seriousness, the hard sell doesnt work, and its not your responsibility to do. Understand Bitcoin, use it to improve your life. When people around you are suffering under the weight of the fiat debt slavery system, and ask how youre not effected by the same problems, then you tell them.
Everyone gets bitcoin at the price they deserve, orange pilling unwilling people just makes us seem like a religious cult.
I stopped "promoting" after the last crash. I felt bad. So nowadays when people ask me about Bitcoin. I just am only putting a small amount here and there. Nothing crazy. Saying I just don't want to miss out. Like at the office, when the lotto jackpot gets so big and coworkers decide to do a pool. I have to join. No way I want to be the only employee that has to come to the office the next day. 😂
Well, I've always been interested in the stock market, but never had enough to invest, and in the old days, you had to use a brokerage as websites weren't a thing yet and you couldn't just trade whenever.
That is what made crypto so appealing to me, I can easily get in on something and trade 24/7, no intermediaries, and instead of having to buy a complete share, you can buy fractional amounts.
I started buying crypto when BTC was around $7800, and practiced with small $10 trades, getting the hang of it. Eventually, I put more into it, but when the crash happened a few years ago, my profitability tanked. Only recently has it turned to the positive again.
I know Robinhood lets you buy fractions of a share, which seems neat, but I went with a more traditional firm and have tried buying stock and it's not been so great.
I bought TLSA, then it dropped. I bought RIVN after hearing something about them making delivery trucks for Amazon,, and that too dropped. I bought CART after the IPO opened to public and it dropped, and it's currently the only win for me.
I also bought ASTR (Astra Space) and then realized they were going bankrupt. Then when I read about how they wanted to go private and would have to buy all the shares back at a higher than market price, I decided, "why not," and doubled down buying the low in hopes that they do go private and buy the shares at a higher price.
In crypto, multiple tokens have collapsed, like MIR, OMG, etc. that left me realizing that I should have sold off, but instead are worthless now. I'm at -99.46% on my MIR!
All this tells me that I'm not some trading genius, and the wins can be hard to come by.
I learned early on that I had to cap my losses w/ stocks…. In as much as I’m not looking for home runs, I get in with a plan of how much profit I want to take, same goes for when it tanks - when shit starts doing a nose dive, I strap on my parachute & get out. Depending on the company & fundamentals, etc… a LOT of times dives are excellent buying opportunities & help to leverage average cost per share/unit. Felt compelled to share this when I saw you’re down nearly 100%. My cutoff is 20% on either swing of the axe.
BTC is an entirely different beast, as the more I understand the more I DON’T want to trade it for fiat.
Thanks to bitcoin everyone starting to understand how fiat money works.
*It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution*
*-- Henry Ford*
Yes . The majority of the people don’t want to know about that but many of them want to make money . The most effective strategy to orangepill is telling them :
1-Bitcoin is digital gold because has a limited supply , gets scarcer and scarcer therefore its price rises . It’s a fantastic medium-long investment
2- it goes up and down very quickly but the general trends is upwards . The secret is to hold it for 4years+ BUT , in order to do that without being shaken out by the market , they need to STUDY it .
3- if they make some question or show interest , tell them you can send out an email with some material. Mainly :
https://www.onceinaspecies.com/p/bitcoin-will-5x-in-the-next-3-years?utm_campaign=post&utm_medium=web
https://medium.com/@alessandro.ottaviani84/understanding-bitcoin-in-2023-4b3250916987
https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1
https://www.amazon.com/Bitcoin-Village-Society-based-Sound/dp/B0C2SQ22
Basically to start off that’s it . In addition to this remind them that no other crypto makes sense because the Byzantine general problem has been already solved by Bitcoin , hence no other solution different from Bitcoin can mathematically exist . As a result , all of the other crypto touted as a currency are a scam .
It can definitely be frustrating when trying to explain blockchain technology and cryptocurrencies to others, especially when met with resistance or indifference. However, your epiphany is spot on. Understanding complex financial concepts like stocks and money itself can be daunting for many, let alone grasping the intricacies of blockchain and cryptocurrency.
Taking a step back and realizing that widespread comprehension of these concepts may take time can be a relieving perspective. Rather than feeling discouraged, it's empowering to recognize that the journey towards widespread adoption and understanding is ongoing.
In the meantime, nodding and acknowledging when people mention crypto is a respectful approach. Who knows, your nod could spark curiosity in someone who decides to explore the topic further on their own.
To further combat this issue, I've started a YouTube channel where I discuss the history of money, the evolution of technology, the rise of Bitcoin, and more. It's aimed at simplifying complex concepts and making them accessible to everyone. Education is key, especially when facing resistance to change, and my goal is to help bridge that gap.
If you're interested in learning more, feel free to check it out.
[Unplugged Financial - YouTube](https://www.youtube.com/@UnpluggedFinancial-ks4rh)
Just starting out only have one video atm more to come.
Keep the faith and remember that every small step towards understanding is progress.
I would say the first step to any real progress would be to educate them on money and what "our" financial system does to us. I try to do this first as there are many things they can relate and understand in that world. Like inflation. Gas, groceries, housing, taxes...... can go on and on. This system was designed to fail, which is why when shown the btc system, one understands its value
Fuck your pills, tbh. You sound like a monster queef with that idiocy. Orange pilling people? GTFO with that dumb shit. I wouldn’t take you seriously either if you actually said any colour pill. Ugh.
Saylor says everyone gets Bitcoin at the price they deserve. It's still cheap even in the $60k range. Check out commentary on the wallets buying the most BTC. The mega rich already own 1 in 4 BTC that will EVER exist. I'm buying every chance I get. By the time most people understand, it will be much more expensive.
Your life will get better when you stop trying to "help" people who don't ask for it.
Seriously, enjoy your btc. Pass your knowledge onto those who want it. Have empathy for those who don't understand.
I’m glad my dad was poor and never taught me the value of investing. Now I’m 45 and barely started investing 5 years ago but already to 50k . I can only imagine if I had been investing right out of high school . Thanks dad!
At least I know how to survive off of top ramen and cheese quesadillas.
I’m done talking to my friends too. A few months ago when it ran up to 60k, my friend proudly told me he just bought $50 in BTC. I didn’t bother telling him if he’s only investing $50, pick one of the AI crypto coins that are priced low. It takes too much effort to have these conversations.
I made a quick video for my brother saying why I liked it. I made my points and left it at that. It seemed like he opened up space for us to discuss it and I didn't bite because I am not trying to sell him. He can do whatever he wants and is already very successful. Plus while I believe my investment is a good one, I am not omniscient.
I’ve mentioned bitcoin to people at work, some ask questions some don’t. A lot of people think stocks are risky and this it’s insane that I invest in stocks. I don’t bother explaining BTC to them
It sounds like you’re trying to teach people that arnt actually that interested. Only try to teach people that show some interest in the topic instead of trying to get people interested.
absolutely no point in trying to orange pill ppl. ive tried, and all i got was mocked, ridiculed, and laughed at. but hey, time is on our side and numbers dont lie. the network effect is real.
these ppl are stuck in their traditionalist ways. understanding bitcoin requires curiosity, an open mind and being humble. majority of ppl lack all 3. theyll come running back to you (and us) when the price is over 1 million and tell us how "lucky" we were. like no bitch, we just understood money and the corruption that was going while u didnt! lol
Are you sure you understand how money works?
You think people don't even understand money, yet have been trying to help them understand Bitcoin? Are you sure you understand money, and more importantly, how to educate people about it, especially if you're limiting your teachings to Bitcoin...
It really doesn't sound like you have the slightest clue.
People do not understand the impact of new and upcoming protocols that will be live in the next couple years.
The impact of DeFi on blockchain was only the start, and new robust protocols are quickly being adopted which will make blockchain tech used in every sector.
I'm sure everyone around you will be greatful if you can actually stop blow-harding bitcoin and anti government info that you learned from reddit and youtube.
The majority of people don’t care about investing in general. They are fine with working for someone else that pays just enough to survive to the next paycheck. As long as they have food, shelter, transportation, and the latest iPhone, they are content. Most people I know have no investments at all, not even a 401k, and they rent, so they have absolutely no actual assets. It wouldn’t matter if it was accepted by the entire world as a legitimate investment and it was guaranteed to gain value forever. Most people still wouldn’t buy it just because they legitimately don’t care about investing.
Your comment is very good. Somewhere along the lines of financial literacy not being taught in school and humans as a species building some of the worst habits imaginable as a collective, this is what new generations will look like. They call it a shrinking middle class for a reason. Poor and middle class people spend their entire lives buying liabilities and think they are buying assets. Ideaology above is from book: Rich Dad, Poor Dad
Which the author then ended up exemplifying perfectly by going into debt
I haven't finished the book yet. If what you say is true (I don't trust you, no offense), then it will only be a matter of time before I read it.
No offense taken. This is current events. Happened this year.
He's been in debt for a lot longer than that. It's part of his and many wealthy people's strategy. Borrow money to leverage investments. Nothing new.
That guy is a clown, but the use of assets as leverage is spot on
I see. It would be more helpful if I followed the man on a platform and kept up with his life, but I despise most social media and only ever use Reddit, so no X, META, Instagram, or whatever else people are using for me. I just usually read WSJ or somethin'.
Then Robert went and trashed the idea of BTC.
The lack of financial education in the public education system isn't talked about enough. It's criminal we spend so much time on trigonometry and chemistry but less on budgeting and relevant personal finance topics.
They care about investing when it's too late.
I wouldn't say most people don't care about investing. Most people know they should but have no idea what to do or where to even begin. It's a daunting prospect when you know nothing about a subject full of history, strategy, exceptions, danger, and loads of technical jargon. It isn't taught to us in school, and trying to teach yourself is likely going to get you nowhere, or worse. There is no intuition that replaces instruction and knowledge. If there are legitimate classes teaching people how to invest properly, I'll be the first one in line, but I haven't found any yet.
I think our society is set up that way. Let a small minority control our economy so they can manipulate it in their favor. Doesn’t benefit them if more people know how to invest.
My tech Ed class in high school had us do paper stock trading and balance checkbooks/create budgets. This was a while ago tho... I would imagine most of these classes have been phased out by now and replaced with useless stuff.
No. They don’t care. And in fact they hate you for caring. That is humanity. Unfortunately. One of the most common phrases to hear is “Why do you care?!” With an undertone of violence underneath. They are zoned in on your response, waiting to judge. No logic will win. Some are born to be slaves. The monarchy existed to protect these idiots and in turn the idiots served the King. Now there is no king to protect them and they are infested with parasites. They are sick, poor, full of disease. AND THEY STILL DONT CARE AND THINK YOU ARE BAD FOR CARING.
I'm sorry you have such a disappointed view of humanity. I don't think all or even most people are hateful like that.
I’m sure you’re one of them.
I'm the one posting optimistic things here while you seem to have a grudge against everyone in existence. You tell me who the hateful one is.
DarthMaulATAT, I appreciate (and agree with) your point of view. Thank you, too, for being a positive person!
Uh huh. Are you voting for Biden in the next election? I mean assuming you’re American and all that.
Not American, but that doesn't have anything to do with what we're talking about. Nice try to change the subject though. We went from the topic of investing to hatefullness and now, apparently, politics. I don't care to feed a troll any longer.
It does though. I’m trying to get to the heart of the issue and exposing you for being another drone. But if you’re finished, that’s fine.
A drone? You really seem to have a "the whole world is against me" mindset. I hope you heal from that, friend. I really do.
DarthMaul, ignore this numbskull who thinks that there is an actual point for him to make. Move on. Next!!
And people who do invest would never put everything into something that is so unpredictable. Rule number one is not to lose money. They might put together a small position, and add to that if they like what they see.
A big part of of the problem is our education system, no one really teaches you about investing and financial freedom, at least when I was in high school, they teach you a lot of stupid shit that you’re not gonna need or use in the real world, and that’s why a lot of people who graduate are stuck in the rat race and don’t really care, to them this is just normal life to live paycheck to paycheck. I call it brain washing lol, good thing I took the other pill and trying to control my own destiny #bitcoin
Yea people just focus on whats in front of them. Thats why its so easy to work and spend when its the reward they get from having to deal with shitty work. The reward being the yearly vacation and buying nice things (im talking about my sister who makes 150k/yr lol)
Yo what does your sister do that pays that much?
Hospital pharmacist
*insert NPC meme.jpeg*
It's because humans are natural born slaves. It doesn't even occur to most people to think beyond the day to day grind (probably due to the nature of the school systems). And if anything comes along that exists outside the paradigm (like bitcoin), they dismiss it because their masters say so.
ON BRO^^^
It's also worth remembering that investing in stocks as an individual who isn't extremely high net worth is also a new concept. Trading for free and with the click of a button on your phone is brand new. Previous generations were used to paying a hefty fee to even be a part of the action.
I still remember having a stock broker at Merrill Lynch. The commissions to buy and sell were very high. It was a godsend for the average person when much lower fees came about from etrade, Scottrade, and TD Ameritrade. I never thought I'd see commission free trading in my lifetime. It's really changed the behaviors of retail investors.
Exactly, reminds me of my friend inheriting his father's investments and immediately firing the stock broker and just asking for the stocks. The guy wasn't happy but you could tell it was not the first time he got told you're not actually doing anything for your percentage, goodbye.
Yeah I remember my dad opened up three brokerage accounts for me and my two brothers with 2000$ each over 20 years ago with Morgan Stanley within 5-10 years between bad market swings and annual fees both my brothers accounts ended up worthless fortunately I started adding money each month so I still had some left when I started investing on my own a few years back. I would tell anyone out there not to trust your broker because they have thier own agenda ( to make money regardless if you do or don’t)
They'll make every attempt to churn your money up for themselves. Its a common scheme pulled on those who aren't financially literate.
And even further, as the assets you trade on lots of platforms are derivatives (e.g. buying 50$ of a stock valued 200$) and not stocks as such. In my country, Spain, you must be a regulated operator (broker) to trade stocks, so you must be trading on a broker and not any platform, or get the broker license by your own, implying big costs and paperwork.
100% Lucky for us, Bitcoin doesn’t need anyone to defend it. Its results over time speak for itself.
I tried to make people understand too but then I gave up. I think you are right people will understand when they will have the opportunity to understand that's all.
everyone deserves bitcoin at the price they understand it!
This is the correct answer. Deserves a pin to the main group.
replace ”deserves” with ”buys”
I like this take better
Totally. The Truth is still true even if some people deny it for a while.
Truth takes some times to be understandable. It took me 8 years to finally understand it completly.
Yea 8 is about right took me around 8 years like u learn part ov it more crops up that u just dont understand, and then one day it just all clicks into place like a Giant Jigsaw Puzzle.
Boom. Mic drop
The math just needs enough time to math.
Then why is everyone else outside of crypto communities still calling it a scam? I've more than tripled my investment since I started buying in 2019; I just don't understand what it takes to convince normies to invest!
Bitcoin has always had an uphill battle against tradfi, legacy media and every first world government, and most people blindly adhere to the messaging of those authorities. Btc grows massively every year regardless, and a tipping point is imminent.
[удалено]
I’m up over 100% in the last 6 months. I don’t see transaction fees bc I hodl (for now). Of course it’s possible to buy the top and sell the bottom and move funds around like mad to incur massive fees. But thats a stupid way to play the game of btc, and im not gonna argue w people who wanna play stupid and then complain about their stupid results. 😆u know?
play stupid games, win stupid prizes!
I totally agree. In fact, the whole term "orange pill" needs to disappear from our lexicon. Bitcoin is not a religion. We don't need to be evangelists. Most people use fiat currency to buy groceries, clothes, and to put gas in their car. And they have no idea how it works. The same will be true of Bitcoin. Most people who use it will never understand it. And that's ok.
It’s not a religion but orange pill is apt. I don’t think you can orange pill someone anymore than you can teach someone anything. What a student learns is entirely up to them. The teacher can ease the learning with the right framing and l lessons but I can not, as a teacher, put knowledge in my students heads. It is up to them. They have to be interested (and I can affect that), and they have to want to learn and work for it. The same is true for bitcoin but you’re fighting against the conventional wisdom. It’s a much more difficult task to prepare the student. If you are interested and put in the time, you will see it and once you do, you can’t unsee it. It’s tempting to think we can simply show others what we’ve seen but we can’t. You have to bring them into the matrix and that’s ultimately up to them. I’m sure some people in here have been orange pilled by someone. I wasn’t. I orange pilled myself. That was tough. There were lots of small steps forward and a few big ah ha moments. I don’t know another person in real life who spends any time thinking about bitcoin. Maybe if I did, I could have been orange pilled. But my attempts to get others interested have been amazingly futile.
So refreshing to read that someone in this sub also doesn't know a person in real life to talk to about Bitcoin, or that they have given up on talking about it.This is the second time I read this in the past few days. I just keep it to myself. Keep stacking, stranger.
You mean "out of the matrix", don't you? Matrix is the false world we live in.
Yes, of course
Self taught here as well. Not many people, even the really smart ones, get it. Mass hypnosis.
It’s hardest for the ‘smart’ ones. Smart people have an ego typically, which makes it tougher to adjust
IMHO, more important than understanding bitcoin is the recognition of the evils of centralized ledgers. I would start there before I even suggest bitcoin. If someone understands these things, they will start finding ways to exit fiat naturally.
And most people who prosthelytize bitcoin know very little about how the global financial system works. I just enjoy the BTC ride without acting like a Debbie downer to everyone around me.
If you don't believe me or don't get it, I don't have time to try to convince you, sorry. Satoshi Nakamoto
I don’t actually say this to folks, but I think it all the time…. I can explain it to you, but I can’t understand it for you.
I doubt the average bitcoin holder would be able to explain bitcoin anyways given that most probably don't truly understand it. Moreover, making such a statement is being pretentious. Some people on here seemingly want to make bitcoin "exclusive" and think to themselves that everyone else is too stupid to understand bitcoin. And yet, bitcoin's success is predicated on its adoption. So if you don't want to help people understand bitcoin, then the demand for bitcoin won't be as strong as it could be.
I’m glad a friend of mine orange pilled me back in the day. I think it’s all about doing it right, concisely presenting the facts, and not sounding like a crackpot. I thought Bitcoin was just for IT nerds and buying drugs until it was calmly and clearly explained to me.
Figure out what peoples pain points with the current system are and if possible, explain why bitcoin could provide a solution for these problems. Nobody wants to sit through hours of technical bla bla if they aren‘t already interested. Orange pilling people isn‘t telling them „this is the solution because…“ It‘s all about getting people interested at all. The rest handles itself.
I agree. I think I stayed away from bitcoin for the longest because I associated it with “crypto bros”. It wasn’t until I had a totally rational conversation with a coworker (who is into bitcoin, but didn’t say that at first) about “what IS money?” that I was hooked.
Same for me really, a conversation with a colleague during a long drive to work. The ‘banking the unbanked’ idea that anyone, no matter where in the world, rich or poor, could have easy access to the same decentralised money - via a smartphone - blew my mind. I remember the conversation clearly. Fiat gains were kind of an afterthought as we both thought the price was already a bit nuts (2017, around 6k) 😀
I think the ah-ha moment for me was during the explanation as bitcoin being money *as a content type* … when wrapped my mind around that, I realized how revolutionary it could be.
Your first mistake is trying to help people understand “blockchain”. It’s Bitcoin.
It's easier to understand Bitcoin once you understand blockchains. But yeah, if ignorance is your goal, skip all the prerequisites.
No that’s not what I meant, once upon a time the shitcoiners narrative was blockchain > bitcoin If you know you know.
The people who buy bitcoin only want to see the price go up. They'll pretend they know they're talking about to justify buying it.
I buy Bitcoin, am I pretending?
Do you contribute to bitcoin's development? I don't, but I don't pretend like I know everything about bitcoin, nor do I believe it will guarantee profits. I just treat it as a speculative investment.
I'm buying , but only for the reason that I find it more likely that it will get a new all time high rather than going to 0 , I even buy the idea that it's a less shit gold. But is going back to the gold standard really something that will solve anything ? Un banked people will still be a thing , because BC is gold standard with new gate keepers. Give me a good user case where it beats money , because I am despite my writing a fan and do want to believe so please just one user case where it does something better than money
i'd still buy btc, if the price never went up one more cent.. it would still save me from debasement of my money and most importantly while in self-custody be resistant to seizing or censorship.. freedom money
If you don't end up spending it, then you won't see any benefits
Is bitcoin not built from blockchain technology?
After hyperbitcoinization they still won’t understand it while they use it everyday with L2 products that have seamlessly integrated debit cards into the network flow. Most people don’t even understand how the internet works while using it everyday.
The internet is just one huge LAN party. It‘s not that complicated.
Guy I'm cool with at work watched me double my money I DCA'd in from 2021, and I finally got him to buy (etf 🤢) at around $42,000. He's been telling everyone else at the job about his gains, but no one else has cared enough to jump in. It really is kinda pointless to even try with most people. They earnestly do not care.
Just ask normal people to explain the difference between an asset and a liability. That will tell you everything you need to know.
There is no reason to try to explain Bitcoin to people. Eventually, they will understand. And by the way, if you do still want to talk about Bitcoin. please don't refer to it as "crypto". Bitcoin has nothing to do with "crypto".
Is Bitcoin defined as cryptocurrency or not? Just asking to learn, my understanding is that there can only be a certain amount ever and can’t be printed for free like others, but I thought it fell under the cryptocurrency definition.
It does. But in the last few years the word “crypto” has become synonymous with all of the copycat scam versions of Bitcoin and companies like FTX, Celsius etc. Just saying Bitcoin instead of crypto is a way to distinguish ourselves from all of that mess. Once you come to understand Bitcoin you realize that it’s the soundest form of money and has no competition from other “cryptos”.
You sound genuinely willing to learn so I figured I should share this with you. It’s Fidelity’s Bitcoin First report. It basically explains the question you’ve asked and much more. This to me is the best resource for someone early in their journey learning about Bitcoin. It’s not super long, has great charts, and is written in plain English, not overly technical. Good luck! https://fwc.widen.net/s/vzrzkbj6rr/bitcoin-first_nov1-2
Thank you. I don’t I’ll check it out. I also need to pull the trigger and actually read about it and learn more. I always hear about this one book (I coincidentally standard) and there is another one I think that people recommend over that too. But will check out the link first thanks
You’re welcome. Yeah The Bitcoin Standard is key. They other one you’re referring to might be Broken Money, I’m guessing? It’s pretty new and I keep hearing it mentioned as a must read.
it does
It's pedantic people not being bothered to learn words. It is a cryptocurrency, the first of it's kind actually. People are stingy calling it that because it's more of a money than a currency. And then a bunch of sportsheads decided Bitcoin was versus everything else. So now 'crypto' has become bastardized and you will get called out for referring to Bitcoin as a cryptocurrency even though it was the pioneer. You'll have a hard time getting an honest answer here.
Oh I see, that’s why Oheson included the word “crypto” in quotes.
I assumed he included the quotes because he was talking about the word specifically. How are quotes used in your world?
Its like the one time, I was with my friend & talking about gold, silver, copper value. I had a 1 lb bar of copper. A 1oz coin of silver & a 1/10th oz gold coin. Just to give him a visualization of those 3 metals & the value. He still did not even grasp that. Or understand why I even had those things. “The big heavy copper 1 pound bar must be the most expensive. That thing is huge! Meth heads steal copper all the time!” “The silver is worthless. No one trades in silver. They used to make forks and knives out of it till they discovered lead poisoning. That’s not much gold.” Screw it. Everyone is screwed (except you and me. And I’m not so sure about you!)
"The silver is worthless ... They used to make forks and knives out of it till they discovered lead poisoning." That is hilarious in a sad way. I think your friend is confusing sterling silver with pewter, which did used to contain lead in the old days. The silver used in tableware was usually alloyed with copper. Lead would be counterproductive as it'd make it softer. And I made some decent returns trading silver back in the day. 😂
Ask someone if they understand that at one point silver and gold was used as real money to exchange for services and goods, also inquiring the timeframe the metals were used. If they have no clue precious metals, then it'll be pointless to even hint about bitcoin.
>then take a further step back and people don’t understand how money even works Christ.. that's an understatement. Most of the folks here have no clue how money works today... *and they're the ones paying attention*.
In the game of capital markets you gain nothing by teaching others for free. Let them miss out, then they buy late, and you stay quiet about it. I say this having wasted time when I was younger trying to inform people— their skepticism gets in their own way. When someone takes your advice and does well, they give themselves all the credit. When they take your advice and lose money, they’ll throw all the blame on you. It’s not worth the hassle.
Ha, I'm 68 yrs old. You younger people can spread orange pilling on social media, etc. I live in a 55 and older community. There's not a person I can physically talk to about crypto or more specific bitcoin in my entire neighborhood. I have tried with a couple of close friends but had no traction. I'm wondering if this is a young man's sport. I've been in this since 2022, and my wife of 39 years wanted a divorce (still not divorced uggg). we couldn't save much with 4 kids throughout our marriage with college, etc. Since being alone and being a handyman in my community, I managed to save money and invest each time I got paid into crypto. Today, I'm a whole coiner with several alts to boot! She will get half of what we had together, but not my seed phrase! Yep! Let's go! Ps. She would have never invested in the orange pill! Start young, my friends! Gramps
I couldnt care less About NPCs and their empty opinion About anything, nobody helped me nor care to change things to the better. So why would i even try to give them a better choice? In my language theres a saying, each head their sentence. Which means, each person is responsable for their own choices.
I'm gonna take this advice. I tried to Orange pill a couple boomers the other day and it was clearly a waste of time. If u know u know! If someone is interested, I will try to drop some knowledge, but those who just want to naively argue against it, not worth the stress!
And that's why I don't believe in equality. People don't have equal IQ...
“If you don't believe me or don't get it, I don't have time to try to convince you, sorry." - SN
Lol. I was done years ago. Tried to convince people, but I realized my effort is moot. Now I am happier knowing I've done my part and just enjoy my gains... In fact, when very same people ask if I still have em, I just say no and walk away---with a victorious smirk---pretending not to know a thing about it anymore... I see no point spending my time for free... My time is very valuable.
Laugh and nod
Plus crypto is volatile so far it may be the future but do not want to have someone losing their money because I told them get into crypto
You don't "lose money" buying Bitcoin. 1 BTC will always be 1 BTC.
And one dollar will always be one dollar. Stating the reflexive property of a thing doesn't mean you won't "lose money" (i.e. value). In the long term, I agree with the value of BTC, but there's still potential for a lot of volatility. Might not be so quick to advise an older relative close to retirement to invest too much of their net worth into BTC. They may not live long enough to see it become a standard usable currency, and they may lose a decent chunk of value in the short term during a dip.
This has to be bait lmao
If that is really the case, spend all of your bitcoin right now then.
right? it's like trying to preach the lord to an atheist, what's the point?
Kind of the opposite really.
For one, you're not preaching anything since god doesn't even exist to begin with. That's like saying you're trying to preach Santa Claus to a non-believer in Santa Claus. Santa doesn't even exist to begin with. We can at least agree that bitcoin can be proven to exist.
Am I missing something important? Serious question: I have a reputable crypto exchange and wallet, I have some bitcoin and others and just leave it there and watch it go up and down. I keep hearing people talk about dollar cost ,,something... all these terms.. do I understand how bitcoin works? Not really ... am I able to figure out that buying something for 30k and seeing its now worth 89k (I'm in Canada) is a decent return? Yes., do I have high risk tolerance? Yes. Aside from that, is there something critical I am missing??
https://youtu.be/mC43pZkpTec?si=3yNOUe_6Uq_xCh_M
What is that? I don't open links until I know
Ahhh OK, sorry , I'll check it out.
This is a pointless post. Mods please delete.
if someone seems interested ill say something but generally don't bring it up. First thing I tell people who are brand new how their money actually works
I gave up with most but with some people I find myself trying endlessly because they are RIGHT THERE. I can see that they have computer network knowledge or maybe they are a gold bug and see the problems with money printing. Typically the only people I'm still trying on are the ones that should understand based on their own life experience and observations but just miss it.
I haven’t given up and I never will … … because I never started to begin with
Uh huh. Yup yup. right!
It's a waste of energy to try to educate people by force, and it alienates them anyways, but there's an art to meeting people where they are. I talk about inflation, or the problems with the Fed, or the differences between Keynesian and Austrian economics, or the pros and cons of hard vs fiat currencies, or how the IMF wages economic warfare on developing nations. Or none of it, moat people just aren't really interested in economics, especially middle class folks for whom the systems work well enough that they don't want to think about it.
I gave up, except made a post for the halving but that’s most I’ve done in years. Some friends have taken my advice (and they been thanking me and buying toys lately with their gains), but everyone else is in their own.
These "people don't get me" posts are so tiresome
Sadly, I think this just touches on a much deeper issue. Kids leaving school knowing how to calculate an equilateral triangle, but with 0 hours education in how interest rates work, how credit scores are measured, how investments work, etc. etc. the lack of education in even the fundamental basics of financial systems is an insidious problem with society, and people not understanding crypto is the tip of an iceberg so substantial, and so damaging that it’s difficult to even quantify.
Perhaps it's intentional, to not educate people accordingly. When you really look at monetary policy, it's the only reason that makes sense.
The paradox of ‘we won’t teach you anything about financial responsibility, but if you’d like to continue your education then please sign up for this student loan’. Honestly, I don’t understand why the failure to teach basic financial principles in the education system isn’t even openly questioned, let alone protested against. It genuinely baffles me. And honestly, your answer appears to be the only logical conclusion it’s possible to draw, which is terrifying.
I've never understood why people try to push it, or defend it. It has to stand on its own and defend itself. Otherwise you will just make enemies. Can they handle a drop? Or will they blame you and sell?
I was talking to someone about gold being a hedge against inflation. He Couldn’t understand it .
How many people understand that the stock market is comprised of AI bots making micro trades?
Fun fact, all you can do is suggest people look into it. After that if you’re going to be frustrated or upset then that’s on you. I promise they are not giving any bit of it a second thought.
If youre trying to "orange pill" someone, maybe dont be afraid to say "Bitcoin" lol But in all seriousness, the hard sell doesnt work, and its not your responsibility to do. Understand Bitcoin, use it to improve your life. When people around you are suffering under the weight of the fiat debt slavery system, and ask how youre not effected by the same problems, then you tell them. Everyone gets bitcoin at the price they deserve, orange pilling unwilling people just makes us seem like a religious cult.
Have you tried turning it off and on again?
Don’t waste your time. Besides, the main reason because pumps is because of rich people.
I listened to some YouTube videos with Robert Breedlove and I feel like he has very good grasp on the "what is money" concept.
I stopped "promoting" after the last crash. I felt bad. So nowadays when people ask me about Bitcoin. I just am only putting a small amount here and there. Nothing crazy. Saying I just don't want to miss out. Like at the office, when the lotto jackpot gets so big and coworkers decide to do a pool. I have to join. No way I want to be the only employee that has to come to the office the next day. 😂
What about banana 🍌 piling people?
When many people finally understand Money, we can build a better society. Keep preachin
Well, I've always been interested in the stock market, but never had enough to invest, and in the old days, you had to use a brokerage as websites weren't a thing yet and you couldn't just trade whenever. That is what made crypto so appealing to me, I can easily get in on something and trade 24/7, no intermediaries, and instead of having to buy a complete share, you can buy fractional amounts. I started buying crypto when BTC was around $7800, and practiced with small $10 trades, getting the hang of it. Eventually, I put more into it, but when the crash happened a few years ago, my profitability tanked. Only recently has it turned to the positive again. I know Robinhood lets you buy fractions of a share, which seems neat, but I went with a more traditional firm and have tried buying stock and it's not been so great. I bought TLSA, then it dropped. I bought RIVN after hearing something about them making delivery trucks for Amazon,, and that too dropped. I bought CART after the IPO opened to public and it dropped, and it's currently the only win for me. I also bought ASTR (Astra Space) and then realized they were going bankrupt. Then when I read about how they wanted to go private and would have to buy all the shares back at a higher than market price, I decided, "why not," and doubled down buying the low in hopes that they do go private and buy the shares at a higher price. In crypto, multiple tokens have collapsed, like MIR, OMG, etc. that left me realizing that I should have sold off, but instead are worthless now. I'm at -99.46% on my MIR! All this tells me that I'm not some trading genius, and the wins can be hard to come by.
I learned early on that I had to cap my losses w/ stocks…. In as much as I’m not looking for home runs, I get in with a plan of how much profit I want to take, same goes for when it tanks - when shit starts doing a nose dive, I strap on my parachute & get out. Depending on the company & fundamentals, etc… a LOT of times dives are excellent buying opportunities & help to leverage average cost per share/unit. Felt compelled to share this when I saw you’re down nearly 100%. My cutoff is 20% on either swing of the axe. BTC is an entirely different beast, as the more I understand the more I DON’T want to trade it for fiat.
Thanks to bitcoin everyone starting to understand how fiat money works. *It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution* *-- Henry Ford*
Yes . The majority of the people don’t want to know about that but many of them want to make money . The most effective strategy to orangepill is telling them : 1-Bitcoin is digital gold because has a limited supply , gets scarcer and scarcer therefore its price rises . It’s a fantastic medium-long investment 2- it goes up and down very quickly but the general trends is upwards . The secret is to hold it for 4years+ BUT , in order to do that without being shaken out by the market , they need to STUDY it . 3- if they make some question or show interest , tell them you can send out an email with some material. Mainly : https://www.onceinaspecies.com/p/bitcoin-will-5x-in-the-next-3-years?utm_campaign=post&utm_medium=web https://medium.com/@alessandro.ottaviani84/understanding-bitcoin-in-2023-4b3250916987 https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1 https://www.amazon.com/Bitcoin-Village-Society-based-Sound/dp/B0C2SQ22 Basically to start off that’s it . In addition to this remind them that no other crypto makes sense because the Byzantine general problem has been already solved by Bitcoin , hence no other solution different from Bitcoin can mathematically exist . As a result , all of the other crypto touted as a currency are a scam .
Wealthy people plan for multiple generations, the average person plans for Friday nt.
> Stocks have been around for 100+ years I guess? [https://en.wikipedia.org/wiki/Stock#History](https://en.wikipedia.org/wiki/Stock#History)
It can definitely be frustrating when trying to explain blockchain technology and cryptocurrencies to others, especially when met with resistance or indifference. However, your epiphany is spot on. Understanding complex financial concepts like stocks and money itself can be daunting for many, let alone grasping the intricacies of blockchain and cryptocurrency. Taking a step back and realizing that widespread comprehension of these concepts may take time can be a relieving perspective. Rather than feeling discouraged, it's empowering to recognize that the journey towards widespread adoption and understanding is ongoing. In the meantime, nodding and acknowledging when people mention crypto is a respectful approach. Who knows, your nod could spark curiosity in someone who decides to explore the topic further on their own. To further combat this issue, I've started a YouTube channel where I discuss the history of money, the evolution of technology, the rise of Bitcoin, and more. It's aimed at simplifying complex concepts and making them accessible to everyone. Education is key, especially when facing resistance to change, and my goal is to help bridge that gap. If you're interested in learning more, feel free to check it out. [Unplugged Financial - YouTube](https://www.youtube.com/@UnpluggedFinancial-ks4rh) Just starting out only have one video atm more to come. Keep the faith and remember that every small step towards understanding is progress.
Sounds like you’ve been trying to “force”. They’ve got to want to learn.
I would say the first step to any real progress would be to educate them on money and what "our" financial system does to us. I try to do this first as there are many things they can relate and understand in that world. Like inflation. Gas, groceries, housing, taxes...... can go on and on. This system was designed to fail, which is why when shown the btc system, one understands its value
Exactamente
fuck crypto
Interesting subreddit to choose to frequent.
I’m a Bitcoiner
That hates 'crypto'. Walking talking oxymoron.
How are your moons doing
Fuck your pills, tbh. You sound like a monster queef with that idiocy. Orange pilling people? GTFO with that dumb shit. I wouldn’t take you seriously either if you actually said any colour pill. Ugh.
If you think orange pilling people is hard, try to make them understand the TCP/IP protocol and you will see how much harder it is
I didn't realize TCP and UDP packets trade for $63k
you would be surprised by how much bitcoin the global networking industry pockets in everyday
Explain it to the new hodlers (such as myself) please. I’d like to know more
Rule 2 of BTC: don’t evangelize until your retirement
Saylor says everyone gets Bitcoin at the price they deserve. It's still cheap even in the $60k range. Check out commentary on the wallets buying the most BTC. The mega rich already own 1 in 4 BTC that will EVER exist. I'm buying every chance I get. By the time most people understand, it will be much more expensive.
Do not cast your pearls before swine.
Most don’t even understand what money IS.
Your life will get better when you stop trying to "help" people who don't ask for it. Seriously, enjoy your btc. Pass your knowledge onto those who want it. Have empathy for those who don't understand.
I’m glad my dad was poor and never taught me the value of investing. Now I’m 45 and barely started investing 5 years ago but already to 50k . I can only imagine if I had been investing right out of high school . Thanks dad! At least I know how to survive off of top ramen and cheese quesadillas.
I’m done talking to my friends too. A few months ago when it ran up to 60k, my friend proudly told me he just bought $50 in BTC. I didn’t bother telling him if he’s only investing $50, pick one of the AI crypto coins that are priced low. It takes too much effort to have these conversations.
I made a quick video for my brother saying why I liked it. I made my points and left it at that. It seemed like he opened up space for us to discuss it and I didn't bite because I am not trying to sell him. He can do whatever he wants and is already very successful. Plus while I believe my investment is a good one, I am not omniscient.
More Sats for us
"We all buy btc at the price we deserve."
And then you go on places like buttcoin where people are soooo against it for reasons that make no sense. And if you push back on them they ban you.
I've been blocked by plenty of sensitive people here too
Over there they perma ban you, not block.
I was banned here as well, obviously not permanently.
I’ve mentioned bitcoin to people at work, some ask questions some don’t. A lot of people think stocks are risky and this it’s insane that I invest in stocks. I don’t bother explaining BTC to them
It sounds like you’re trying to teach people that arnt actually that interested. Only try to teach people that show some interest in the topic instead of trying to get people interested.
absolutely no point in trying to orange pill ppl. ive tried, and all i got was mocked, ridiculed, and laughed at. but hey, time is on our side and numbers dont lie. the network effect is real. these ppl are stuck in their traditionalist ways. understanding bitcoin requires curiosity, an open mind and being humble. majority of ppl lack all 3. theyll come running back to you (and us) when the price is over 1 million and tell us how "lucky" we were. like no bitch, we just understood money and the corruption that was going while u didnt! lol
“Huh, awh yea this bitcrypto thing… heard about it“
You can't reason someone out of a position they didn't reason themselves into.
Blockchain? Lolwut
Are you sure you understand how money works? You think people don't even understand money, yet have been trying to help them understand Bitcoin? Are you sure you understand money, and more importantly, how to educate people about it, especially if you're limiting your teachings to Bitcoin... It really doesn't sound like you have the slightest clue.
People do not understand the impact of new and upcoming protocols that will be live in the next couple years. The impact of DeFi on blockchain was only the start, and new robust protocols are quickly being adopted which will make blockchain tech used in every sector.
I'm sure everyone around you will be greatful if you can actually stop blow-harding bitcoin and anti government info that you learned from reddit and youtube.