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Replying to Avatar MattA

My best friend is a no coiner.

He owns a very successful company but he got smoked speculating on weed stocks in 2022, sold them for a loss of -$90k & has been afraid to invest in anything but real estate ever since.

He told me over the weekend that he’s now “priced out” of #Bitcoin

I tried to again explain that $5,300 would buy him 0.1 BTC

and if #Bitcoin goes to $101k per coin, he’ll still have 0.1 BTC but that will have 2x in $ value, so he is definitely not priced out of #Bitcoin ownership.

There is something about the concept of fractional ownership / investment that some people do not grasp… & I can’t put my finger on what that lack of understanding is?

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:P 1y ago

That’s why fiat companies on the stock exchanges do reverse stock splits to give people the illusion that they are buying more shares. Have you told your friend that .1 corn is equivalent to 10 million sats? I’ve had some luck orange pilling this way. Fractions can be scary!

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MattA 1y ago

one 🌽 = one 🌽

one 💵 = 🗑️🔥

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