ETH has been climbing steadily for a few days, but will these high prices cause a bigger class divide in this technological world? Will it bring a class divide among investors and even shut out more people? Let's be candid we are playing the game to make a profit.
Sadly, when a lot of investors who are struggling to make ends meet see these expensive prices like BTC and ETH, they won't put in a dime. Because the price of the coin is too high and they can only afford a small piece of the pie.
In the early days of crypto, I remember when ETH was under 100 dollars and BTC was under 20K. Fast forward, ETH is almost half of 10K and BTC is over 50K.
Low income investors who would rather take a chance in the crypto space do not see much hope in the top two coins or even coins above 100 dollars.
The danger comes in with some misleading under the penny coins with hopes and dreams of 'burning a zero'. Sadly you have manipulators and con artist who enter the crypto game with duplicitous and fake *poo* coins to swindle the masses. Also, the new technological services that will arise, who may prefer their pay in the crypto gold and silver, will not be accessible to some even many.
You may say "so what stay out of the game if you can not play!". But it seems money has once again put a stumbling block on technological advancement and progress in the world.
The cypto world is getting more intense. Many early investors foresaw this and some warned people of this law of supply and demand. Many 'whales' accumulated as much of the gold and silver as possible. I guess it is survival of the fittest, and has a bottle of almond milk rises so will the gold and silver of cryptocurrencies.....
This is not financial advice or legal counsel/ advice.This is only for entertainment purposes.
Many thanks to Joshua Coleman one of the pioneers of cryptocurrency for helping with the thought process and putting a lot of people in the crypto game and many thanks to the other pioneers of investing who warned the masses of this new class divide.
