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Topic: Why Bitcoin might soon make your 401k obsolete - page 3. (Read 2794 times)

legendary
Activity: 2394
Merit: 1216
The revolution will be digital
Do they all personally know these 'large numbers' of people who bought at $35 and sold at $1000?

If we're going for exact adherence to those figures I'm going to postulate that 19 people in the entire world bought at exactly 35 and sold at 1000.

Very few people who bought at 35 USD have sold at 1000 USD. Most of them sold when it touched 100 USD and most of the rest are still holding. They have no plan to sell in near future.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Do they all personally know these 'large numbers' of people who bought at $35 and sold at $1000?

If we're going for exact adherence to those figures I'm going to postulate that 19 people in the entire world bought at exactly 35 and sold at 1000.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
Most Americans don't have any wealth worth mentioning in their 401k. The bottom 50% of Americans own only one half of one percent of all stocks, bonds, and mutual funds. The top 1% own 50%.

So if we even HAVE a 401k, it is already "obsolete" for the vast majority of us wage slaves. We aren't truly investing, we're only just scraping by.



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member
Activity: 72
Merit: 10
Over the last few years a large number of people were fortunate enough to buy in when Bitcoin was priced at $35 and sell when it reached $1000

http://www.ahametals.com/bitcoin-might-soon-make-401k-obsolete/
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