Many people think that the ability to become a Bitcoin investor depends only on financial literacy or access to technology. In fact, the main role is played by personal qualities and the willingness to take responsibility
Most people make the same mistakes. The author of the book “The Age of Bitcoin and the Great Harvest” Adam Livingston talked about them in his X. He called his thread “the sad truth about owning BTC.”
Adam Livingston identified several of the main mistakes, in his opinion, that Bitcoin investors make:
These mistakes lead to a person either losing their funds or becoming a tenant of financial intermediaries.
Every crisis redistributes coins: the impatient sell, and the disciplined buy. As a result, the concentration of cryptocurrency in the hands of large investors is constantly growing.
Livingstone estimates:
In total, almost 27% of the entire supply is effectively withdrawn from free circulation. This increases inequality and reduces the “free” market.
Additionally, dependence on intermediaries increases. ETFs provide convenient access, but turn the investor into a tenant: commissions are paid annually, and control over the asset remains with the management company.
By 2040, 99.6% of all coins will have been mined. The new supply will become statistically insignificant. This means that:
Let us recall that BeInCrypto previously wrote about how BlackRock, in the opinion of investors, manipulates the market in order to buy up cheap bitcoins.
Source: cryptonews.net
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