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What's going to happen when people start trying to retire by selling crypto? Many people will be selling at the same time, and suddenly the subjective value fo
by dontreact 5y ago
What's going to happen when people start trying to retire by selling crypto?
Many people will be selling at the same time, and suddenly the subjective value for everyone will be lower because it will be easier and easier to buy it.
My sense is that there is a cap on the demand for purchasing crypto, but the supply is very low because mining decreases over time, and generally people holding lots of crypto are younger and have no need to sell in order to pay for things, they can just pay with their fiat income.
This equation will change drastically as people start to retire and need to sell lots of crypto in order to fund their lifestyle without working.
- ipaddr 5y agoThe value of whatever coin you have may go down. Planning a retirement around a lottery ticket is fun but you still stuff your retirement fund. Bitcoin slows down ensuring it's value continues to increase with fewer buyers. Proper retirement planning means moving from 100% risky in your 20s to 50/50 in your 40s to 10/90 in your 60s.
- dontreact 5y agoWhat happens when people start generally moving away from crypto towards less risky assets as they age? This hasn’t started yet but it will