Post
Topic
Board Economics
Re: Bitcoin is for everyone but not everyone will be for Bitcoin
by
RealMalatesta
on 14/01/2022, 06:39:38 UTC
The average person must have probably heard of bitcoin or cryptocurrency as an asset class, however the means to start and engage with it is always a problem. Many have been capacitated with knowledge and understands what the game is all about, but they have been stopped by a financial barrier that prevents them from reaching the other end of financial freedom.
I understand that you are trying to emphasize about the difficulties of high value of bitcoin for first time investors. But, we still live in fiat world, we earn and spend in fiat hence you should start considering all your bitcoin related investments only in fiat and not in BTC; for example if you invest some 100 USD into bitcoin then you should calculate profit or losses only in USD and no need to bother about where the bitcoin is trading.

I do see people do the same for stock market as they do consider the price of a stock is highly insignificant because after a split, price of a stock may vary drastically whereas for same investment you might be holding more number of shares. So, where we buy a stock and where we sell is alone important and not the price of a stock. Same could be applied for bitcoin investments as well.