Ken Berry, MD's avatar
Ken Berry, MD kenberrymd@primal.net 0 years ago
As a student of human nature & paradigms, I have some advice for BTC influencers out there trying to wake everyone up. The best strategy I've seen is to show how the price of things in BTC have changed over the years. Don't show the price of BTC going up, show the USD going down compared to BTC. People define value in $ and that confuses them & makes BTC look dangerous. Flipping the paradigm seems to help them see the folly of this. Here's an example... image

Replies (14)

Node Runner's avatar
Node Runner 0 years ago
Seems like you are playing loss aversion to your strength.
Adam's avatar
Adam discoverbtc@BitcoinNostr.com 0 years ago
To be fair, the chart uses log scale. If you also change the upward-trending charts to log scale, the perceived bubble effect goes away.
🇵🇸 whoever loves Digit's avatar
🇵🇸 whoever loves Digit 0 years ago
As I said last time I saw this chart, let's see the same chart but in doggie coin. It's performed much more strongly than Bitcoin over the same time period image
satskew's avatar
satskew 0 years ago
the housing example is powerful and could help so many Americans struggling with an affordability crisis in fiat terms. it's also a good way to illustrate how broken the current system is - housing is unaffordable for utility as people who can have rushed there to offset inflation
Citizen's avatar
Citizen 0 years ago
Yup! 🙌 I've had more success showing people how much they are losing with #Fiat, rather than show how much they would "gain" with #Bitcoin.
Brisket's avatar
Brisket brisket@nostrplebs.com 0 years ago
People get Bitcoin at the price that they deserve man. Most lack the humility to see it or don't want the responsibilty that's required. I don't think the chart displayed has much to do with it. If their favourite influencer tells them it's a bubble, they'll continue to dismiss it. Most Bitcoin charts should be displayed in log scale.
Hodl_poet's avatar
Hodl_poet hodlpoet@nostrplebs.com 0 years ago
I like this framing a lot. I think it ties into the biological tendency to feel the loss of something more keenly than a similar sized gain. We have an asymmetric emotional valence wrt losses vs gains. It's easier to rationalize missing out on an investment gain (especially if it seems risky or volatile) as opposed to taking a hit to one's net worth (everything priced in Bitcoin).
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