Post
Topic
Board Economics
Re: If you hold 1 BTC you are a pioneer
by
tss
on 27/02/2016, 03:54:55 UTC
no investment is a sure thing.  the risk in bitcoin is much less today than it was just a few years ago.  it took great effort, knowledge, skill and foresight just to be mining bitcoin years ago. those that did, hold far more than 1btc now.  and yet a lot of it was squandered, lost to exchange scams, development, learning and mining equipment pre-orders all in an effort to expand the bitcoin reach. 

NO YOU ARE NOT THE NEW ELITE WITH 1 BTC.  no you will not be rich.  yes there is a "possibility" that btc will grow faster than the nasdaq but we are still in the development stage.  100 years from today your 1 btc may hold large fiat value but you will not be around. 

there is still a large uncertainty with btc holdings.  you may get 2x or 100x your money or you may lose it all if subversive technology like classic gain dominance or full on bans from finance industry come forward or "they" decide to change the original aspects of btc like max cap or fees. 

in the long run there is no get rich quick.  your $400 investment today will NOT be worth 10k anytime soon.  btc is here to stay but the market will decide its value.  when a new product hits the consumer market sometimes there is a very huge expense cost in educating the general public on the benefits of the product.  bitcoin is not a company and does not invest in educating the consumer so unless any major financial collapse of major world governments bitcoin can only grow at a relatively steady pace.