Post
Topic
Board Economics
Re: Bitcoin is the fastest asset to hit 1 trillion marketcap
by
sana54210
on 26/05/2021, 18:41:09 UTC
The huge market cap is one of the disadvantages now. Many of the noobs are choosing to invest in newer shitcoins with smaller market cap, because they believe that Bitcoin is already having a market cap of close to $1 trillion and therefore any appreciation in the prices will be more muted. The sort of returns that the early investors received from Bitcoin can't be expected by the recent investors. And that is true with any asset, and not just Bitcoin or other cryptocurrencies.
I feel like that is a noob approach towards what we are doing here. I mean bitcoin was not created so that you could make 100x profit, some people did that it is true but that doesn't mean that we should be aiming for it we just have it without working for it because it is a by-product, when everyone goes into bitcoin obviously price goes up and that's it.

Bitcoin is like gold and it is a store of value the idea is to have a thing that is much better compared to fiat and also something that can still be spent like fiat, it is like a digital gold and that's the important part for all of us. I can't say that we are not there yet, but some people are totally forgetting what the purpose was and that is why they are going towards shitcoins.