How people see crypto investment.

in LeoFinance2 years ago

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Most people see crypto investment as a waste of money and waste of time, some will say that it fluctuates, some say it too volatile.
But let it be known that, that volatility has made a lot of people millionaires with minimum or no effort, a real estate businessman said that he can never invest in something he cannot see, from his explanation he says he can invest in building because he can see it, he can invest in land and it's prosperity because he can see it, but he can never invest in crypto, and he says if you dash him bitcoin he will accept but he will never use his money to invest in bitcoin.
He went forward to say you can go to the bank and ask for a loan to start a business, if you say you want to go into real estate they is a very high percentage that the loan will be given to you. but if you say you want to invest in crypto no bank will grant you that loan.
Most real estate businessmen doesn't understand how crypto work, or they doesn't just like the it.
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screenshot from my coin gecko
A friend of mine doesn't believe anything about cryptocurrency and any online business and marketing platform, he was like, guy bitcoin was $67k and now it is in a download trend which he believes will eventually hit $1k, you still believe and still invest your own money in it,
I don't HODL any bitcoin in my portfolio but, I have other altcoin and stablecoin. I told him that the way crypto works is that when it is low(dip) you buy the dip, then when it is high you take profits, he was like guy you think this is the minimum it will go, you think this $20k is Its floor price? it will eventually reach $1k before you stop truthing crypto.

how humans think

When bitcoin was at its all-time high, they were like guys I have missed out on the opportunity to stack some assets to my portfolio. And now that it has dipped, instead to stack more assets to their portfolio, they begin to say thank God I do not even invest, to begin with. Humans are full of complain, when something do well they will talk about it, when it doesn't do well. they also talk about it.
Now is a good time to have some asset in your portfolio, they say bitcoin is not an investment, to begin with. So what your take on this?

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chillyanca

comment below let's see your view about this, or the view of people around you concerning bitcoin and cryptocurrency

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