Post
Topic
Board Economics
Re: bitcoin wasn’t created to make you rich. It was created to make you free
by
Oasisman
on 11/04/2021, 22:23:32 UTC
~snip~
Right to say bitcoin wasn't created to make us rich but to give us financial freedom and becoming our own bank and eliminating the middle man in every transaction, if a person gets rich just by holding bitcoin then it should be seen as a compensation for not dumping it too soon, I think this is the point we have to make clear for noobs, cause alot of them see Bitcoin as a get rich quick thing.

Those "get rich real quick" mindset has been going on since Bitcoin pumped to $100 in 2013 and it has been going on till now. Honestly, majority of the people invested in Bitcoin sees Bitcoin as an investment tool that could make every holders rich. I don't usually hear like they're using Bitcoin to buy product or pay for service so Bitcoin could grow it's adoption as a currency used for everyday transactions, I know there were people loves doing this, but there's like 60%-70% (my mere calculations) who has been invested just to hold.

Anyway, the OP title is correct. Bitcoin has been created to make us free from traditional baking system and any third party companies when transaction from another person. Becoming rich with it is just an incentive for trusting this technology.