People are still getting hosed with that “alternative money system”. It’s the rare person that makes enough and bails out with profits, even rarer gets enough to be wealthy. It’s the “influencer” of money. Everyone thinks they can be the winner, but there’s tens of thousands of failures for each person on the top.
I recognize that most of the time, the market isn’t soaring like this. The average user, most of the time, has lost money. The tried-and-true method of becoming a winner with this instability is to “Dollar Cost Average” over long time periods. Nobody who has DCA’ed for more than a few years has lost out; it’s trying to time the market that tempts and screws beginners.
As one dev put it - Bitcoin isn’t a “get rich quick” scheme, it’s a “don’t get poor slowly” scheme.
People are still getting hosed with that “alternative money system”. It’s the rare person that makes enough and bails out with profits, even rarer gets enough to be wealthy. It’s the “influencer” of money. Everyone thinks they can be the winner, but there’s tens of thousands of failures for each person on the top.
I recognize that most of the time, the market isn’t soaring like this. The average user, most of the time, has lost money. The tried-and-true method of becoming a winner with this instability is to “Dollar Cost Average” over long time periods. Nobody who has DCA’ed for more than a few years has lost out; it’s trying to time the market that tempts and screws beginners.
As one dev put it - Bitcoin isn’t a “get rich quick” scheme, it’s a “don’t get poor slowly” scheme.