50 sats \ 1 reply \ @Imyourfed 16h \ on: (Rant) The bitcoin subreddit is basically a degenerate gambling forum bitcoin
The Bitcoin subreddit was awesome few years ago, but now its just ruined by people who try to brainwash eachother and spread a lot of misinformation.
I wish few smart people who are still there shift to SN!
The Bitcoin subreddit is great during bear markets (like last year, maybe last summer). There is a lot of insightful commentary and discussion during a bear market... and most of the people care about Bitcoin legitimately.
Right now it's... a forum for unsuccessful daytraders LOL.
If that individual bought 75k today then he/she would be down for the day.
In addition they think they can 'hold for a year' and then 'buy a house'. Well... what if Bitcoin is down 50% from now in a year's time? Do they believe in Bitcoin or not? Because tourists get washed out during bear markets or volatility if they don't know what they are buying (which many apparently don't)
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