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RE: The Wealth Distribution of Bitcoin Will Most Likely Follow the Distribution of the Real World
Good point. The issue of rich or poor is really a mental one. A poor person cashes out fast because they have not seen riches like that before and rich people much slower because they already have the riches before BTC. Comes down to... are you willing to live a simple life, restricting yourself from the privileges of the wealth you do have, just so that you can never be poor again? Do the math. How much do you need to never worry again according to the lifestyle you want to live. Everyone cashes out at the point they believe they hit that point. But many calculate wrong and end up poor again. Checkout 90% of the lottery winners. Money enhances what you already believe and spend like.
yeah we all have a different opportunity cost for what we consider rich or consider an amount we can take out and live on. People who saw this price rise and are 60 years old might say "screw it i can pull my money out and live the rest of my days on it."