Subnostr

Was reading The #Bitcoin Standard over breakfast at the hotel bar yesterday. The waiter stops by and ask, “did I see the book you’re reading is about Bitcoin.?” I told him yes and recommended the book.

He said he owned some crypto but not #btc. I told him he should study bitcoin and consider investing. His response: “yeah. I think I’ll wait until the price goes back down.”

I suspect this isn’t an uncommon notion for people who aren’t familiar with bitcoin.

BITwise 🐳 >>= RIGHTish 1y ago

What was your response after he said he'll wait? I have a hard time with that and I hear it all the time. Yes as an investor, it's rational to wait until price drops. But as a flee to safety and protection against inflation, yesterday was the best time, regardless of price.

Maybe the proper response should be to start DCA?

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Discussion

strah 1y ago

Told him to study bitcoin, that he wasn’t too late and to be careful with other coins. Didn’t have a change to speak much further since he had other tables to tend to and I was leaving.