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The market action is what brings many new people into BTC, and then they discover the real value of it.
As @naval says:
“Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme.” -
Mostly they just add more gratuitous market action, i.e. noise, and never learn.
![Giacomo Zucco [I identify as a -e^iπ vampire]](https://pbs.twimg.com/profile_images/1172971162919415813/Pn8O2gkx_normal.jpg)
Computes. If you wrongly think you can identify a dip why not a peak. Unreasoned buying and selling just adds noise.
And Bitcoin from the ground up is a low time preference affair, starting with its strong security against historically common but for most not recently encountered risks, and continuing all the way up to its price behavior. In-and-out traders are a mismatch with its culture.
A somewhat pessimistic view but probably accurate.
Yes, but many it is the entry point to an education of the foundations of economy and society. So much new interest in Bitcoin since the ICO frenzy of 2017. So many new podcasts, books etc. since then.
agree: major @Bitcoin twitter account should not get involved in trading. day-trading BTC is a loss-making exercise for 98% of all Bitcoin holders #bydefinition
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