Post
Topic
Board Economics
Re: Out of Reach
by
Silberman
on 28/12/2020, 22:56:23 UTC
My understanding was that the target for the minimum amount of Bitcoin which most
people wanted to own was/is 1BTC in our current bull market that target becomes
more out of reach for the people who most need it.

As an investment Bitcoin is a very friendly  asset for the nit so wealthy classes. There
is no minimum purchase amount and each and every one of us gets to hold our investment
if we want.

We all like to see Bitcoin rise in value and increase in adoption but its pushing it away from
the people who need it and into the people who control large portions of wealth.

A bit of a conundrum...
While true they have no one else to blame but themselves, you did not had to be an early investor to hold that amount of bitcoin, there was a very long period of time in which the price of bitcoin was close to the 3k level so anyone that wanted to buy bitcoin cheap had months and even a whole year to do for extremely cheap prices, if they did not do it then that is on them, remember bitcoin waits for no one and you are either in or you are out and if you are out of bitcoin then you have no option but to hope bitcoin does not skyrocket while you are not invested in it, which is exactly what happened to all of those people that are complaining now.