Post
Topic
Board Economics
Re: Is it easier to HODL if you are already rich?
by
bitsnack
on 08/08/2021, 01:29:13 UTC
Do you think it was easier to benefit economically from bitcoin if you were already a bit up in the ladder?

Yes, I think if you are already wealthy then it is far easier to hodl for a long period of time, as the money may not be as much use to you as it would be if you were not wealthy. For example, if you were not wealthy then you might need to stop holding crypto at any moment due to some emergency or other reason. But if you are already wealthy, you can just get money for emergencies and whatnot from someplace else. Although this example would change depending on the amount of wealth someone has compared to the amount invested in cryptocurrency.