RE: Why Bitcoin is Perfect for Most First-Time Investors
It's like a gateway drug in reverse. You start with the risky stuff which may ruin you if you're not careful, then once you've been put through the ringer you move to something softer which bites less. Wonder if that would work with read drugs...
On a personal note, I'd consider myself reasonably financially prudent who's (mostly) doing the right things savings-wise. However, the ideas of stocks never really appealed due to the need to find a broker and the transaction fees. Just seemed a bit out of reach. I've got money in tracker funds but that's as close as I got.
Something about cryptocurrency investing just seems more approachable. There are no suits to deal with. Everyone's kind of nerdy and you can talk about how world-changing this will all be. That said, I can't get passed the inflated valuations and have struggled to move beyond Etherium as an alternative to Bitcoin. Anything that seems interesting and not a scam has probably already pumped. Such is the nature of a bubble, I suppose.
I'd actually be curious whether there's anything that can help acclimatise to this. Would it be something like think of what a reasonable value might be and add $1 billion?