Why does every newbie see Bitcoin, then go and buy shitcoins? Me included, back in 2016 TBH.
Lack of education and the inability to harbor the beauty of low time preference. We are conditioned to want immediate gratification. It takes time to adjust I suppose. 🤷🏻♂️
i think it has more to do with the promise of getting rich quick as bitcoin most people think they are already late… this assumption is based on the ignorance of thinking that a coin worth $1 or less can go to bitcoin price (they know shit about issuance, market cap, etc.)
Price bit it's also because of gains.... But everyone learns eventually... Now #bitcoin is more then the average salary and most Americans don't have 500 to they name so #Bitcoin is expensive
also shitcoins don’t require any work, the scam tells you just need to sit and wait to get rich … with bitcoin the only way to make it is becoming a maximalist… if you act as investor looking for profit in fiat you will be out in less than a cycle
i think it has to do with the promise of getting rich quick as with bitcoin most people think they are already late… this assumption is based on the ignorance of thinking that a coin worth $1 or less can go to bitcoin price (they know shit about issuance, market cap, etc.)