Topic: Michael Saylor owns 0,5% of Bitcoin Supply - page 3. (Read 492 times)
In any investment the people smart enough or lucky enough to get in early, or rich enough to get a large amount when coming in later, are going to own the majority of that asset. This doesn't mean bitcoin doesn't work for the average person. The average person still reaps the same benefits as the people with the most bitcoin. If you buy today and 6 months from now Bitcoin is double the price, you, me, Saylor, the Winklevoss twins, and everyone else will get a doubling of their value. The percentage gains are the same no matter how much Bitcoin you have. So no, this isn't a problem, it is a natural outcome of the differences in wealth, risk, information, luck, and intelligence that permeate society.
We have to look at it through different lenses, by buying and adopting Bitcoin we are part
of a revolution, by selling early we are just handing more Bitcoin into the hands of those
who are accumulating more and more.
I'm speaking generally of course there are times where we need to spend Bitcoin.
I genuinely feel sorry for those who bought at $40, 50 and 60k and didnt have the knowledge
to know not to panic sell, which is exactly why the market was manipulated, to shake out
the weak hands and make strong hands stronger..
Get, accumulate and own as much as you can, there will be less for the whales.
of a revolution, by selling early we are just handing more Bitcoin into the hands of those
who are accumulating more and more.
I'm speaking generally of course there are times where we need to spend Bitcoin.
I genuinely feel sorry for those who bought at $40, 50 and 60k and didnt have the knowledge
to know not to panic sell, which is exactly why the market was manipulated, to shake out
the weak hands and make strong hands stronger..
Get, accumulate and own as much as you can, there will be less for the whales.
The term knowledge is quite challenging here. Who could have seriously known that this thing will literally go to the moon and will be worth over $60k one day? That is just too much. Yes if you were able to afford it you could have just held onto it, but still I doubt that many people seriously expected today's price ranges from the perspective of 2011.
We have to look at it through different lenses, by buying and adopting Bitcoin we are part
of a revolution, by selling early we are just handing more Bitcoin into the hands of those
who are accumulating more and more.
I'm speaking generally of course there are times where we need to spend Bitcoin.
I genuinely feel sorry for those who bought at $40, 50 and 60k and didnt have the knowledge
to know not to panic sell, which is exactly why the market was manipulated, to shake out
the weak hands and make strong hands stronger..
Get, accumulate and own as much as you can, there will be less for the whales.
of a revolution, by selling early we are just handing more Bitcoin into the hands of those
who are accumulating more and more.
I'm speaking generally of course there are times where we need to spend Bitcoin.
I genuinely feel sorry for those who bought at $40, 50 and 60k and didnt have the knowledge
to know not to panic sell, which is exactly why the market was manipulated, to shake out
the weak hands and make strong hands stronger..
Get, accumulate and own as much as you can, there will be less for the whales.
Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer, i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
This has happened as a rich man's game, but we can't say it has benefited only the rich. Market is volatile, which is its inbuilt feature. This volatility is much used by this massive holders as they've got large holding and has the ability to move the market to some extent. We need to be clear even though 90% is with 1% people the market hasn't gone under their hands/control. This is the true potential of the network. https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Well, here is the big problem of Bitcoin from my view, 90% of all Bitcoins are owned by just 1% of the wallets created, this mean that if people buy today they are just doing the rich richer, i know that here we have some of the Bitcoin holders since 2013 but that doesn't change the real problem, Bitcoin is a millonaries game right now, retail investors can't do a shit about that.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
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