Post
Topic
Board Economics
Re: Is it easier to HODL if you are already rich?
by
glendall
on 05/08/2021, 11:53:26 UTC
One of those successful cases of bitcoin hodling was a friend of a friend. They (a couple) took an important risk by investing 60k of a dismissal compensation into bitcoin and making a x100 on it before selling half. I do not know what they did with the rest. Now, these people were not rich, they took an enormous risk compared to their total wealth. They had to really believe on the project and pass though some of bitcoins usual "tests of faith".

For someone with let´s say, a net worth of 1M USD or more plus house, hodling 60k until they became 6M would have been not that much of an stress. Do you think it was easier to benefit economically from bitcoin if you were already a bit up in the ladder?

I think it is true that holding is easy for rich people, because they have excess money and their intention is to save and if they get 100x profit it is one of their advantages to increase their wealth