Common patterns I see:
doesn't understand money + doesn't understand tech = 60/40 portfolio, has financial advisor, is scared of #Bitcoin
doesn't understand money + understands tech = leans crypto, thinks #Bitcoin is outdated, may or may not worship vitalik
understands money + doesn't understand tech = leans gold, angry at #bitcoin, $1,800 forever Peter
understands money + understands tech = understands that there is no second best
imo doesn’t understand money + doesn’t understand tech is like 90% of people.
This is due to the constant brainwash by Universities, Financial Advisors, and Economists to buy Bonds, Real Estate, S&P500 to c̶a̶t̶c̶h̶ ̶u̶p̶ ̶w̶i̶t̶h̶ ̶i̶n̶f̶l̶a̶t̶i̶o̶n̶ preserve wealth .
This is a great addition. These statements could be seen as a funnel of people and I agree that 90-95% have no clue
Understanding tech isn’t even really necessary with BTC anymore. Depending on age (boomers that can’t use an iPhone etc).
The understanding money part is the biggest issue. People just don’t understand or care to understand money.
Spending time on this, for me, made me a maxi.
And by that point (2017) BTC had already crossed barriers through time that made it “proven”.
People that invested in BTC very early, 2009/10/11 are real warriors and understand the tech 10000% better than most.
Agree, we are crossing the line to where the tech side matters less. I still get some resistance from people that are uncomfortable with the tech thus lean gold.
Understanding it enough to know it is secure is still a requirement for most but more time will erase this
It’s harder for me to wrap my head around the gold tech than BTC.
I’d be curious where they store their gold. How is it shipped? How is it verified? What the payment method? When can they get access? How? Can it be broken down into coins or did they buy coins?
I’ve looked into Gold. It’s a fuckin nightmare.
Unless it’s paper then why not BTC? It’s just Digitial. And soon to be paper.
Niceeeee. V accurate!
