How to Think Crypto as Layman?
How many cryptocurrency investors, beginners, or experts have read the Bitcoin whitepaper?
There are thousands of written works, articles, reviews, and documentaries, which cover bitcoin and cryptocurrencies extensively. They explain Bitcoin and blockchain technology in plain language, and discuss their benefits.
Retail and institutional investors, as well as older generations ( Boomers) looking for investment alternatives, would preferably go for the crypto market during a recession.
The bear market is the ideal time for economicus to have an understanding of the psychology of investors. Lots of regrets, loss after DCAing, Fomoing, unpleasant confessions, chaos, a financial disaster, and other things happened. We have seen it all. Freedom is a risk, but it’s the sweetest!
Let’s go straight to the points.
Tackling Influencers?
David Gokhshtein, the most followed crypto influencer on twitter, tweeted; I have $2,000 — what do I jump into? again or something that might go parabolic or get me rekt?
Ash WSB,crypto influencerwith over 497K followers on twitter, tweeted; It’s funny how big institutions bought bitcoin in billions at the top and are buying with them dip barely in millions. Rekt as retail, no money to buy the dip.
The Moon, with over 1.1 million follower on twitter tweeted; @cz_binance says it will “probably take a few months or a couple of years” to reach all-time-high. I agree, this bear market is already very severe and needs a long time to recover.
For influencers, cryptocurrency is an investment opportunity, a money game, or a financial tool to make some money, similar to the stock market, but with more attractions. You can either make a decent amount of money or go rekt. That’s understood by all crypto traders.
Is there any other understanding of Crypto as a Layman?
Let’s consider developers, entrepreneurs, and other people who are pioneering the ecosystem.
Michael Saylor, followed by 2.2 million users on twitter, said : #Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.
CZ Binance , the CEO and Co-founder of Binance, the top list crypto exchange platform, followed by 6.5 million twitter user. Pionering blockchain development through BNB Chain, an EVM comptable network to elverage the scalability on ETH smart chain. Is a blockchain enthusiast.
CZ tweeted, Web3 = blockchain, Blockchain allows global commerce., You can’t have blockchain without crypto.It is irresponsible to not learn about blockchain. We have only just begun to scratch the surface of the full potential of blockchain.
Elon Musk, CEO of well known and high performing Companies; SapceX, Tesla, Neuralink etc, most followed on twitter with over 100 millions users, is a crypto enthusiast.
Elon Musk acknowledged in his quotes; Dogecoin is the people’s crypto, SpaceX launching satellite Doge-1 to the moon next year — Mission paid for in Doge — 1st crypto in space — 1st meme in space To the mooooonnn!! , The true battle is between fiat & crypto. On balance, I support the latter.
Blockchain is powering the future of the finance industry. It will revolutionize the finance industry in the same way that the internet revolutionized the communication industry. It will soon be seen as a store of value, like gold. It could even be used as a base currency. The most effective way to strengthen the future generations. It’s not just an investing possibility, but the safest way to secure wealth, according to them.
Your understanding of crypto currency depends on type of economicus in the field of blockchain. Investors, gainers or believer ?
Is it possible, if blockchain is the future, all money on blockchain will be worth in the future? That’s not a particularly helpful advice, but it’s up to you to decide which cryptocurrency suits your investment option. Bitcoin has been the most successful currency in terms of sustainability, as most people believe in it. However, thousands of scams are being attempted.
Please do your own research as a layman! DYOR
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