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This is a great point. People might say bitcoin went up 5000% over x amount of time but what percentage of the people saw those returns and what percent of peop
by smaryjerry 5y ago
This is a great point. People might say bitcoin went up 5000% over x amount of time but what percentage of the people saw those returns and what percent of people got beat up over the spikes in 2021. Now that the market is essentially saturated, meaning everyone one who could buy bitcoin now has the ability to buy bitcoin… the growth left can’t necessarily come from new market entrants… and while there will always be stories of people hitting it rich, when 50% of people or more have only experienced a loss, a speculative asset can easily get negative sentiment, and permanently if enough people lose.