Bitcoin is a strange thing.
-- Before you understand it, it is extremely confusing and makes no sense. This outright kills 99% of all potential adopters.
-- When you understand it, everything becomes crystal clear and falls into place. This happens to the remaining 1%, who HoDL like there's no tomorrow.
-- Traders belong to the first 99%, they just don't know it.
I don't think I've ever encountered anything quite like this in my life.
I agree with the overall sentiment of your post AlcoHoDL.. but something strikes me quite wrong about your 99/1 numbers...
[...]
As I was composing the above, I thought of adding a sentence saying that 99/1 is purely out of my own personal experience. As you say, it could well be 90/10 or even 80/20, although the latter seems far too optimistic to me.
Whenever I go out for drinks/dining, I make a habit of asking the waiter if I can pay in Bitcoin (I have LFC's prize money in my phone, so I can always pay if they say yes). No one has yet responded positively to my request. The vast majority don't know much about it, some think it's another type of credit card, others think it's a kind of PayPal, many think it's a Ponzi/pyramid scheme, a few even mentioned Elon Musk FFS! Not a single one has yet to comment favorably about it, let alone agree to be paid in BTC...
