I don't know if you have noticed it, but there is one paradox about cryptocurrencies. The thing is that there are a lot of people who invested in "cryptocurrencies" mostly on Bitcoin, on time - few years ago. Some bought Bitcoins, but most of them invested in mining.

Now, Bitcoin had almost constant growth, especially in the last 2 years. Let's take for an example someone who has 50 bitcoins. At one moment, Bitcoin's worth is $1000 and growing. This guy has $50k right now, but it's growing, and let's be real here, it's quite easy to spend 50k, so he doesn't want to spend any yet. But at some point, bitcoin grows insanely and it worths $10k. Now, with $500k you can live comfortably for years in some countries. For example, you can buy 5 houses on Greek or Croatian coast and rent it or you can live for 64 years with average salary in Bulgaria.

But Bitcoin still grows, and no one wants to sell it yet. At some point Bitcoin's worth is around 19k and suddenly (and almost instantly) drops to 7k. This guy knew that he had almost 1m at one time, and now he has like 350k, and everyone believe that Bitcoin will grow again, so he still doesn't want to sell it.

The point of this story is that this guy had a lot of money for a few years, but didn't spend a single dollar. The thing is that if you are living in some countries I mentioned, such as Bulgaria, Croatia, Hungary, Serbia...you probably don't have to much money and you are struggling with your everyday life. At the same moment you have a lot of money but you are not spending it. And believe me, I know few guys in the situation like this. The worst thing about it is that they will probably wait for some time for bitcoin (or some other crypto they hold) to grow, and everything can happen again, like in the vicious cycle.

What is your opinion about it? I would like to hear about it in the comments.