This caught my eye when it came through my twitter feed today as once your stake starts to grow you do start to think differently. Being in the top 0.1% of any crypto project is hard to achieve however, but due to the size of some wallets it is still possible to achieve. Only needing 21 bitcoin in theory tells you that you are 1 of 1 million due to only 21 million Bitcoins in existence. Being 1 of 1 million is not a great stat considering you could be 1 of a 1000 in another project and make more money than holding 21 Bitcoin. Bitcoin is a store of value and offers very little else in comparison to what other cryptos are developing.
Not that this means much really as everyone is trying to grow the biggest bag they can. On Hive it is easier to see how we are doing and where we stand in accordance with everyone else thanks to hivebuzz.me/rankings. Unless you can benefit from the stake I see no point in what size bag holder you are as you are unable to earn anymore by how many coins you have.
Hive has a current circulating supply of roughly 476 million so I would hate to guess what a top 1% would be and I guess if there are 15K active accounts anyone who is in the top 150 stake holders by HP which would be around 110K HP. This for myself is way more relevant as in crypto stake grows more stake as long as staking is an option available.
Someone could be a 1% in Bitcoin and the only benefits they have are with price movements whereas someone with an equivalent monetary value staked elsewhere could be earning far more. Bitcoin will be worth far more in the future per coin, but who says your coin doesn't outperform Bitcoin over the next 5 or 10 years. Bitcoin reaching $1 million is around a 33-35 x from here whereas the alts have far more multiples coming their way if and when that happens.
One project I am invested in places myself in the top 2%, but again meaningless as my stake is 1 in 7000 against overall staking so there is a long way to go.
I think this is why so many concentrate on the smaller cap alts and not on Bitcoin as if you were early in Eth or Bitcoin then you already have or should have a decent amount. Investing with small amounts you are better off with the cheaper options hoping they do well and grow your portfolio that way.
You always hear others say you should have a higher percentage of Bitcoin in your portfolio but the reality is it is not feasible for the majority. I see more use cases in the alts over Bitcoin for what they offer and the genuine ones will do very well no matter what Bitcoin does.
