As a Bitcoiner, I’ve always wondered 🤔 why do people invest in anything else? I’m not being sarcastic or trying to troll, I genuinely want to hear different perspectives and learn from others. 🌊⚡️
#dividedbywater #bitcoin #nostr
Discussion
Most likely because Bitcoin, while very valuable, has its own flaws. The biggest flaw is its outdated privacy features. That's why some people may prefer to invest in other things like Monero because it's not as traceable.
I would also say it's due to people being uninformed or misinformed about Bitcoin (and crypto in general).
Yes I definitely agree misinformation about #bitcoin and #crypto in general is one of the main reasons as to why.
Another reason I forgot to mention was that people are too hooked to fiat.
For instance, whenever I try to convince my parents (who are boomers) to invest into crypto, they refuse to because crypto is not insured like banks are under the FDIC.
Yes I know what you mean, honestly though I could understand (boomers) being hesitant. Is when the younger generation don’t get it, that worries me.
Greed
Most yes but I really would like to know their thought process lol if the objective is wealth or purchasing power or whatever wouldn’t #bitcoin get you there, maybe not the fastest but surely still a better option in my opinion
