High volatility in the cryptocurrency market, whether with BTC, ETH or DogeCoin, is promoted as a rich quick money-making idea to new investors who are desperate to make money.

Technically, new investors are also the vulnerable group who are unsure where they are in the investor market.  Some are greedy to make high profits; some are genuinely interested in making decent profits; some are okay with the risk-taking; some understand it is all or nothing game and still go all in. There are different kinds of investors. The reality is that no one can guarantee you that you can make money from your investment.  You can lose value or sometimes lose it all.

“If the most powerful man in the world can be banned on social media, one thing that is certain is that the least powerful person in the world cannot be banned from buying Bitcoin, buying Ethereum, buying DogeCoin. It is for everyone!” – Olawale Daniel

Investment is the process where an individual allocates resources with the expectation of making profits. The expectation is always to get a positive or beneficial return in the future.  Investing is the process of owning an asset.  In cryptocurrencies and buying Bitcoin it is about investing fiat money and holding Bitcoin in a wallet.  BTC ownership provides the investor with the right to transfer the BTC data to another wallet in exchange for money or service that the other party is willing to provide.

With investing being an essential part of wealth creation, everyone gets convinced at some point in time to invest in accordance with their means or sometimes more than they can afford.

Convincing Statement:  “Everyone gets Bitcoin/Ethereum/DogeCoin at the price they deserve.” – Olawale Daniel

Bitcoin Advocates, along with the group of people who believe in the technology, create a cult.  Preaching and predicting are interlinked in marketing specialist psychology to promote new investors to buy BTC, ETH, and DogeCoin. Some preachers believe genuinely in what they preach. On the other hand, some preachers are con artists who are very clear about the pattern of doom ahead.

“When it comes to early adoption, invisible technologies are often the hardest for humans to relate with. It takes a lot of time and stories to gain a narrative that becomes viable. This is blockchain technology’s problem too.” ― Olawale Daniel

There are primary narratives, secondary narratives, tertiary narratives, assumptions, presumptions, and wishful thinking that influence a new investor’s end buying decision. Everything about investment starts with narrations. Good preachers are good narrators who ultimately sell the investment idea. People follow suit with beginner, intermediate, and professional level bitcoin investment strategies while accepting the risks associated with each level of investment.

“Any Physical or Digital Commodity that is traded are subject to bubble and crash.”
― Gun Gun Febrianza

Why should I invest in Bitcoin (BTC)? Every investor desires to have a reliable long-term store of value.  They do not want politicians or local bodies to dilute the value of their investment. They do not wish inflation to affect their investment.  And, quick profit is very attractive to the greedy and those who want to feel lucky.

Why narratives around buy Bitcoin, buy Ethereum, buy Dogecoin are selling like hot buns? Every investor is willing to take risks.  Marketing specialists have convinced investors about one thing:  1. The price of Bitcoin is not going to be the same.  It will go higher and higher, and suddenly, it will go lower and to the lowest! 2.  All you need to do is sell BTC for a value above what you bought it for.  3.  If you do not know what to do with your BTC, hold it for as long as possible and sell it anyway when the price is profitably more than what you bought it for.  4.  The key is not to sell it when the price is low and to not buy it when the price is very high.  5. Bitcoin might go high, higher, and highest.  So, there is profit-making potential in BTC beyond all the risks.  And, the Bitcoin (BTC) investor/mobs of investors are convinced, and they are set to create a money-making culture that is a natural happening.