The story of my brother in law, the ex-roofer - part 2.
Short version:
He declined my offer to pay him out in bitcoin, now here's the translation:
"Bitcoin is over. It will keep going sideways in the $10k range, before it will go to zero in the next couple of years. I had the chance of my life when it was at $300, but my father didn't even borrow me $5k, because he was into stocks only"
No more questions were asked.
He even did know about last year's rise to $14k. So he is still more or less following the price action as a nocoiner.
End of story
I was going to say something about your Part 1, so I am glad that you reported back, even though the news is not good.
There are a lot of folks out there who are not going to act, even if you present them the information and give them a premium.
I had a recent thought in my head that I was going to offer to give a wedding gift that was something like 33% more if they were to accept it in bitcoin rather than cash. It was a 26 year old male relative, so I did not mind considering offering a premium. I had a few conversations with that relative weeks before the wedding, and I also spoke with his mom and some other relatives (close to the matter) regarding his financial situation and his ways of dealing with money.
After quite a bit of contemplation, I decided that he would NOT appreciate such an offer, so I did not even make it, and I also figured that I was going to appreciate keeping the BTC more than he would appreciate getting them.. and he would probably convert them to cash or resent having them locked up for a year (considering me to be to patronizing) if I were to use the "give bitcoin" website.
So, even though I did not know the specifics of the response of your brother-in-law, I kind of anticipated some kind of similar story... sad as that seems to be. No coiners and/or precoiners tend to presume that we are trying to sell them something, unless either they come too the matter themselves and ask us or they are really excited about the possibility of investing in BTC.
It is still good that you made the offer, but you should be glad that you have more bitcoin because your brother in law refused to consider your recommendation and clung on to some likely misleading mainstream misinformation narratives.
It's also these disbelieves, that an asset can't break the norm and gain so much more value compared to stocks or physical metals. After all, it "was just luck" or "the bubble of the century" for nocoiners afterwards. Also one of the main concerns (narratives) is the "no real value behind bitcoin", which i would translate to "no matter in bitcoin", something you can't see, weigh or hold in your own hands. Maybe if the sum of all miner hardware and infrastructure is accounted as "matter" in this case, makes it value comparable to gold, silver or a tech company like elon's version of Wayne Industries?
However, if one thinks that way, he'd be lost from the beginning. Like trying to explain gravity to an octopus.
Let's assume one day crypto will be normal, everybody will use it and buy food, clothes and toilet paper with it. Finally it will become something people "can touch".
Then it's only a minor change in perception for everybody. With the next FOMO spike there will be even more development towards mass adoption, i guess, so it's only a question of time, unless a possible black swan event occurs.
On my BiL, i have to say that i would have re-bought the amount of bitcoin i would have given him instantly, so i'd have lost only a few Sats for good.
But when the right time has come, i'll happily lend a fraction of my corn to some relatives
Poll
