As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.
Most people in the world do not hold Bitcoin or any other cryptocurrency. If they started buying it, prices would soar and there would be a huge purchasing power transfer from those who got later in to those who got in earlier. For these people, staying in Fiat currency will be the best option.
Also, there is the issue of scalability and of the timeframe of existance of Bitcoin.
Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?
I think many of the discussions about cryptocurrencies leave out those of our society who have less access to information and new technologies.
What do you think?
Thank you.
I think it depends on the person who is investing. I say that because whether they are those who bought when it was starting or now, when the price is high already, they still have faced challenges and will still be facing challenges today. It may be different, but still, it's all but the same obstacles that could make or break your will to invest in this market. Therefore, if you are just buying now, what you need to have is a difference in approach that is more fitting for the times and trends now. So, instead of thinking that you are now in a bad position because you have started late, just make sure to use better strategies to keep up.