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Regarding people who actively try not to understand Bitcoin

Bitcoin Reddit

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I just want to remind everyone that the reason Bitcoin's price is still only at $30k and not $3mil is because most of the world hasn't woken up to this yet. If everyone actually understood what this was it would already be at $3mil and we wouldn't be "early". So it's great there's this much misunderstanding, that's what creates asymmetry in investing. It's why investing in California real estate isn't going to yield the same results now as if you bought in the 60's.

A lot of these people may never get it either, the goal isn't to get 100% of people onboarded, because it'll never happen. Making fun of Buttcoiners sounds like it could be fun but it's actually similar to going around making fun of poor people for being poor. It's kind of pointless to do to someone who doesn't even know how to become wealthy in any financial environment regardless of Bitcoin existing or not.

I can easily tell by reading most of the comments on that reddit they are your typical employee who only knows how to passively invest in index funds or target date funds and if they do anything with real estate they probably wouldn't know how to mathematically break much down beyond basic cash-flows or tell you what type of real estate investing to do in different markets. I'm sure there are some people who know what they are talking about with investing there, but my immediate response to that is "no you don't because you have no idea what risk management means regarding lost opportunity cost". Bitcoin is so asymmetric that it actually is more risky not to own it than to own a little bit of it and it going to $0, regardless of if you believe in it or not. This is why trying to convince them to believe in it is fruitless and a waste of your time.

Remember all you have to ask these types of people, who are so sure of themselves, if they are shorting Bitcoin to $0 and they will never say "yes". That tells you all you need to know about their financial knowledge. They basically have no idea what they are talking about. They have opinions but no actions. (Peter Zeihan, you there buddy?).

They aren't shorting something they think is worthless, yet on the flip side say things like "I'm sure it'll keep going up because it's a bubble ponzi scheme" and yet also aren't owning any at the same time. The safest investing strategy is to invest for both outcomes based on probabilities, not no outcomes lol. There's no such thing as "no outcome" in any type of investing.

Lesson #1 in safe investing practices (since they always claim about Bitcoin being too risky) is to invest in probabilities based on your research and then allocate accordingly. It's not about being "right", that's emotional. It's about the probable outcome of something working. If you think Bitcoin only has a 5% chance of working and you are not investing 5% of your cash-flows towards it, you are already on the wrong side of the trade. Most people in Buttcoin would agree Bitcoin doesn't have a 0% chance of working, so if that's the case, the mere fact they still have a 0% allocation towards it again, shows you their lack of any kind of financial perception and therefore negates any credibility they may claim to have.

I just want to help people here not to get too worked up about their opinions or waste much energy and time on it lol. Their opinions are about as useless as asking a Boomer, who has acquired no material wealth beyond their own primary home during the greatest financial boom in American history, what it takes to become wealthy.

submitted by /u/TotesGnar
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