Post
Topic
Board Bitcoin Discussion
Re: $1,200 stimulus check in 2020 = $12,392 in 2024
by
Zlantann
on 30/05/2024, 05:58:10 UTC
These kinds of posts FOMO the fuck out of the paperhands on twitter who think bitcoin's going to be the solution to their poverty. So when they spend and invest money on it and find out it's not making them any richer any quicker than they hoped to, They sell and swear against it, urging even more people to hate on it which hampers with the progress of bitcoin in general, cause instead of having newer people who are more supportive of the coin and are gonna hold no matter what, instead we have more haters who are going to swear against bitcoin even if it became the signal to the second coming of Jesus Christ.


Bitcoin is not the solution to eradicating the poverty of this world but this just explains why the rich getting richer and the poor getting poorer, this is just to make people who are weak hands and trading in the short term to make pennies can realize what is the potential reap when they do nothing but simply buy and HODL bitcoin that they bought earlier.

Bitcoin will not stop poverty in the world but it is making the poor rich. Many people that wouldn't have ever gotten wealthy are now rich because they kept their coins for a long time. Indeed, the coin shouldn't be advertised as a medium to get rich quick but this doesn't dispute the fact that people are getting rich from it. People work for thirty years and receive a small amount as gratuity, but imagine if such funds were invested in Bitcoin. Some people keep money in a fixed deposit account for many years and get less than a 10% rate; keeping Bitcoin would have given more profit. The greatest problem of the poor is the lack of information and the inability to take risks.