Quote from: noorman0 on Today at 06:32:00 AM

Quote from: OcTradism on December 15, 2021, 01:00:17 PM

Fact is 50% of Bitcoin was mined from 2009 to 2012, 75% till 2016, 87.5% till 2020 and 93.75% till 2024. It means most of Bitcoin was mined and was exchanged at very cheap price. Many of them lost because of cheap price and carelessness.

Interesting.

Did you also measure the total marketcap in the years in which bitcoin was traded so cheaply? If they knew that bitcoin would be what it is today so they still hold and keep buying, would you be able to get a small piece to hold on to?

I have said before, that people who feel sorry for the past who dumped their bitcoins are not alone. There is nothing wrong with trading bitcoin in the past, in fact it has opened up the flow of marketcap to gradually increase over time.

It was also the fact that those who mined and managed to buy a lot of Bitcoin in the past, which allowed the mining network to grow as it grew. If BTC were not appreciated and sold to buy more equipment and support costs, the network would certainly not have as much processing capacity as it is today. And we weren't writing on this topic now.