RE: Volatility is an Acquired Taste

Imagine all the crypto newbies this cycle.

Bitcoin looks like its going to $40k, and blam, flash crash to $10k! (where all the exchanges seem to be closed and you can't get on to scoop up some of that) and then bitcoin is at $50k three days later.

All the old hands are gonna be like, meh, someone tried real hard to crash things.
All the new hands will be like, oh no! Sell everything.

And it will be our task to talk them off the ledge.

But, how do you tell someone to buy bitcoin at any price. Everything under a million dollars a coin is cheap. Cause bitcoin is going way, way up (just from people actually using it), the alternative is it is going to die and we will live in CBDC 15 minute city hell.

Didn't like beer as a kid, still don't like beer.