Post
Topic
Board Economics
Re: Is it easier to HODL if you are already rich?
by
qwertyup23
on 05/08/2021, 13:05:04 UTC
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?

This is relatively true since the financial condition of a person makes him at least comfortable with his investments.

Compared to people who live in the middle to lower class, people who are up in the ladder have the financial security and blanket in case their investments fail. People under the middle class struggle relatively with their finances and investments to the point that one failed investment can put them in financial jeopardy.

There is, however, an exception to this rule. People who live in the middle class may set aside a specific amount of money primarily for their investments to the point that assuming that it failed, it will not affect them totally.