About two or three weeks ago, a lot of people discovered that they were millionaires, all thanks to bitcoin.
In a twinkle of an eye, those who invested in crypto's days of little beginnings were rewarded.
And then those who were reluctant to invest initially started running around to buy one or two fractions. The value of bitcoin had already skyrocketed so they had to pay more to get less.
Funny enough, due to greed people refused to sell at least fractions of their bitcoins. They preferred to hoard and wait for the value to rise higher. What if the value falls instead of rising?
You then get to ask, is this kind of market sustainable? If people keep rushing into buying bitcoin at what point will the market get saturated? If the price and value keeps increasing, who can afford it?
It's a food for thought.
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