Nostr Web Client

No NPC is going to go from no-coiner to whole-coiner at this point.

It's over.

They will never have more than 0.1 BTC and most will have much much less.

The price puts it out of reach.

Even if you woke up today and suddenly realized that bitcoin was the correct choice, you'd have to bone-up more than $100,000 to get to 1.0

Most NPCs can't imagine investing $1,000 (let alone $10,000) in an investment and just letting it ride for 4 years, 8 years, or forever - and there are many mental hurdles that NPCs still need to get over first.

Reply to this note

Please Login to reply.

Discussion

vinney...axkl 1y ago

I was thinking the same thing today. If you see a whole-coiner any time in the future it means one of a few things:

- they were early

- they were late but finally took their crazy uncle's advice to heart

- they had such a ridiculous amount of fiat that they'd try anything

frphank 1y ago

Most NPC have IRAs with 30-40 time horizons not sure where the problem is. Same with mortgages these days unfortunately.

hodlpleb 1y ago

I don't see how that gets any of them closer to 0.1 bitcoin.

They'll have $1M in their 401k in 30 years and they'll struggle to buy groceries.

frphank 1y ago

You said "Most NPCs can't imagine investing $1000 in an investment". They can just fine. Just not *your* investment.

hodlpleb 1y ago

fair enough

hodlpleb 1y ago

to my original point, MOST people do not have $1,000 to invest in anything. We live in a bubble. Most people do not have 401k or "own" a home with a mortgage.

frphank 1y ago

Ok dunno in my world they do.

hodlpleb 1y ago

Well sure. In my world, they do to. But not for households that earn $50k/year.