Quote from: just_Alice on February 03, 2021, 11:16:46 PM

Quote from: lichig on February 03, 2021, 12:34:17 PM

I'm curious about some publications mentioning that "only 2% of the addresses holds 1 Bitcoin or more".

I found this to be quite surprising, since I always supposed longtime hodlers to be the larger segment of the Bitcoin ecosystem and not just a small fraction.

How accurate this data could be?

As for me, it's not that surprising, considering that most people aren't that rich to afford various risky investments. Also, even if we take large investors - it takes nerve to see BTC drop in price and still keep it on the wallet, also, many people are greedy and they sell just as the price begins to drop.

So potential longtime holders are either very rich people who don't care if they lose money, but if they're rich and not interested in profit - why invest in the first place? Just for fun, I guess, so we can't expect the % of such people to be large. Or, it can be ordinary middle to upper-class people, but for this kind of people, it must be particularly hard to see their investments lose value as Bitcoin drops in price, so many of them eventually sell.

I am 64 semi-retired and don’t earn huge money 💰.

So If I have a decent house in a decent town.
An income stream of x
A 401k of 4x

Having 4x more in btc is too much .

Lets pretend an example with even numbers.

100k income pretty much fixed.

400k in a 401k in a moderately safe portfolio 💼

means having 400k more in btc is over investment in crypto for me. As I only have 100k income and cant save back losses very fast n my fixed income.

I would prefer

same 100k fixed income.

600k in 401k very safe portfolio 💼

200k in btc

A crash and burn 🔥 of crypto would not kill me in the second case.

But would really hurt in the first case.