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I have successfully used “has my mother heard of this” as a reason to sell a few times, notably Bitcoin and selling out a political bet position on Pete Buttigi

I have successfully used “has my mother heard of this” as a reason to sell a few times, notably Bitcoin and selling out a political bet position on Pete Buttigieg — essentially at the point my not-especially-well-informed mother has heard of something, I no longer have any kind of information advantage.

WrtCdEvrydy 6y ago
I worked in a company that has a decent mixture of technical and non-technical folks. I consider it like the DEFCON level. DEFCON 5 - Technical people who were aware of Bitcoin speaking DEFCON 4 - New technical people who were not aware of Bitcoin (we are currently here) DEFCON 3 - Business people DEFCON 2 - Non-technical people DEFCON 1 - Bathroom chats (last time I saw this was around the $17,000 mark)
- lebed2045 6y ago
  very interesting mental model. Coincidentally enough, I got request from janitor (very nice person btw) to help him to buy bitcoin when it cost about $18k. I explained him to do not to, but the fact itself was clearly alarming.
  - LanceH 6y ago
    As a kid, our handyman told us to get out of the market in Fall '87. He enjoyed his work and was always driving a new corvette.
- gruez 6y ago
  >DEFCON 4 - New technical people who were not aware of Bitcoin (we are currently here) It's 2020, who isn't aware of bitcoin?
  - WrtCdEvrydy 6y ago
    You'd be surprised, there's some people who still aren't aware and start asking some pointed questions when the news start saying Bitcoin reached new heights. Be careful of people asking where to buy a large amount of Bitcoin... since they probably just re-mortgaged their house.