Topic: Bitcoin is for everyone but not everyone will be for Bitcoin (Read 876 times)

What do you mean by cycles in digital money? Is this the same as up and down of the price? Or we can also say the bear and bull cycle? But, not all digital money are like cryptos that are volatile. Paypal is a digital money but it was stable and other more. People join crypto thinking that it was decentralized so your right, that they should also know that cryptos are prone to regulations.

Understanding fluctuations is important so that we will know how to make money on here but this wasn't enough I believe but there should be something that they need to learn to become good at it. Bitcoin is not for everyone because btc is not easy to understand and there is also country restriction.

unfortunately, up until today, there are still many newcomers who have great expectations when they get on board with crypto. they are misled with what they are watching from these YT streamers with clickbait of earning huge amount of money when they trade crypto.
come to find out that crypto market is not an easy peasy industry to venture with. patience is needed to gain enough knowledge to earn profits. but if you are aiming to win big time at one go, better forget such illusion.

Bitcoin is for people who understand fluctuations and regulations in crypto as well as people who often understand or predict cycles in digital money.

Many people think like that they just want a way to make a quick profit and of course that's a big mistake,
investing or trading in crypto especially Bitcoin is not as easy as people imagine,
besides that they forget to make a profit or be successful in crypto it takes a process and needs to learn it

People want to invest in bitcoin because of the profits, not on the potentials of bitcoin that makes it more profitable. So they look for shortcuts where they can make profits easier and faster. And end up losing their funds. Bitcoin is not a rich quick scheme. Yes, its giving us more profits but we need to learn it first and understand how it works. Everyone wants to invest in bitcoin, but not everyone wants to learn and be capable of long term profit making.

Image explaination was enough for the process of the dollar ruin our life.It's essential for the trade mark element like bitcoin to save us.If you had invested in the gold, after two to three years, you will get 4 percentage of money which you invested as an interest.Even it will happened in the Bank deposit. But it was not the same in the terms of bitcoin.If you had invested 10k dollars in a bitcoin.You can have a look of profit in two years, it will be 50 percentage of investments.

Well, something else I think you have to know is that when you invest in Bitcoin, the profit isn’t something that comes quickly, it do takes time. Bitcoin is not a quick way to run your capital up, but the good thing about it is that if you are able to invest for a long term and you are able to have that patience that it would take for it to increase, when the profits eventually comes, it is going to be really huge.

Of course, there are a little profit that you can get on a daily, maybe by trading Bitcoin, but that isn’t really enough for someone that is taking care of their family and have a lot of expenses to handle every day. So, for you to get that good amount of profit, it is something that will take time. So, anyone who really wants to make good profit from Bitcoin need to make out money for it and invest, and be ready to hold that for a long term.

Bitcoin shouldn’t be the only thing you have focused on. If you are investing in Bitcoin you should as well have other businesses or a work that you are doing that would be generating you a steady income. If you’re to be waiting on Bitcoin at all the time, then it is really not going to work out, because you would always be in need of money and at the end of the day you will be selling the Bitcoin you have just to get profit.

But, if you are someone who have something else that they are into (you are working or you have a business), then you would have something that would be able to sustain you until you are able to make a reasonable profit through Bitcoin.

This is the reality, the phrase is the real talk in the crypto world.

Everyone wants to have bitcoin but in reality only few of those who wants understands the risk of investing bitcoin, most of us probably just focus on the reward as we got inspired by other people because of their success without understanding how they were able to do that.

That's why some gets easily victimized by scams, like the ponzi scheme in particular because of greediness and the scammers are very smart to use the popuarity of bitcoin on their scam business.

There still seems to be quite a bit of ongoing empowerment of businesses because they can choose to use third parties or not... Also, we have ongoing development in which some ways of interacting with bitcoin might become less complicated.  For sure, there is a certain level of technical complication with the lightning network, and it seems that one of the costs of having  individual empowerment in a decentralized and open source way is not really easy to carry out without a decent amount of complications..  A decent amount of the value of both bitcoin and the lightning network is the difficulties to attack - so there is a kind of power that comes through these kinds of services that have never really been available to people before. Third parties can help to make the use of the services less complicated, but then as you suggest ends up taking away some of the power of the whole bitcoin/lightning network systems to the extent that a large number of people/businesses start to rely on the third-party systems.


There are always going to be difficulties with conceptualizing ideas of what is a fair launch and the extent to which normies have had reasonable access towards investing in bitcoin, and for sure a certain amount of technical knowledge or even access to the internet would have allowed for people to have exposure to bitcoin and appreciate the practicalities of it.   Of course, there has always been a certain amount of hoarding going on in bitcoin, and even in the past year and a half, Michael Saylor has been promoting the idea of hoarding and even doing that for himself, so of course, hoarding pushes up the BTC price and makes it more difficult for later comers to acquire anything close to as much bitcoin as the earlier adopters.

So, in some sense, there is quite a bit of incentive for normies to become sufficiently aware of bitcoin and to act to start to accumulate BTC at whatever level that they are able to muster up based on their own circumstances... the longer that normies wait to get in, the smaller the level of BTC stack that they are going to be able to accumulate, yet I will argue that even late comers to bitcoin will still have a lot of potential to be empowered to come into bitcoin because in a large sense bitcoin is designed to pump forever.. and even now days we may well ONLY have less than one percent of the whole world who have any kind of meaningful exposure to bitcoin, and a certain number of those who do have exposure to bitcoin are holding a decently large number of coins as compared to some kind of "bitcoin share" that would presume a kind of equal proportion (distribution).. so there is some personal responsibility to both learn about bitcoin and to start to accumulate bitcoin as early you can.. and for sure, many of us likely know quite a few people who still have not gotten much of any exposure to bitcoin, and part of the reason is their failure/refusal to act and to set up systems to start to accumulate. 

Of course, there are some people who really have not yet heard of bitcoin or do not have any real understanding of what bitcoin is, and there is ONLY so much that can be done to help them in terms of learning about bitcoin in order that they are going to be able to help themselves.... and ultimately, it is not easy to figure out ways to inform the less informed folks in order that they can be advantaged by bitcoin, and surely some people do "get" bitcoin sooner and more quickly and even though someone like Michael Saylor and his company have learned about bitcoin in a relatively late (and recent) time, he and his company look like early adopters partly based on their level of aggressiveness in terms of accumulating (hoarding) bitcoin in a very prompt way once he and his company did find out about bitcoin.. and for sure, he found it to be a more beneficial way of going about his accumulation (and hoarding philosophy) in a quite public way (and surely he is a very articulate person who puts the whole matter in very clear terms).

The core element that hide behind bitcoin is the elimination of third party or the intermediary. The real purpose for which this got innovated isn't fulfilled, because even the stores that accept bitcoin into their business use services like bitpay.

Bitcoin is for all levels of people and there is no discrimination. However the growth has made it to be affordable for specific group of people. However it is possible to buy based on our investment ability making it an accessible asset for everyone. With time changes will happen, and until then market doesn't look like a diversified one.

Bitcoin is made for everybody to enjoy but some country who don't have any knowledge on bitcoin see bitcoin as a scam decentralized currency that will scam people in future. Till now bitcoin is still eliminating errors and improve employment in the world for countries to enjoy and improve their economy.
Anyone that is not enjoying the benefits of bitcoin are those who are not willing to understand decentralized currency in the community. Many countries that rejected bitcoin in their country some years ago has accepted bitcoin because their government has seen the good things other citizens are using bitcoin to do in their community. Many has used it to improve their businesses and education level.

Your statement is so daft. There is no knowledge that's a waste.
You must have heard of  Gold back then but you choose not to invest, does that make your knowledge a waste?
What do you say about Warren Bufet, they are aware of it flaws but didn't give it a try because it was never something they want to put their money into.
I was introduced to bond when I was in junior school when we attended a inter school competition, despite the knowledge and encouragement, I never dreamed of it and I was not even aware if bitcoin then. It's a choice to have knowledge and to also make used of it.

https://www.reddit.com/r/Bitcoin/comments/ry0of8/btc_is_a_fool_theory_type_investment_bill_gates/

Here is a link to a video clip by Bill gate when he wanted to short bitcoin when it was around $9k, he would have made history of the first billionaire to fall to zero for not believing in bitcoin after shorting with his fortune.

In summary, acquiring knowledge is one thing and investment on it is another thing.

That's a waste if they learn and understand btc but they do not have a money to put on it while on the other hand there are people that do not understand btc but then takes a risk and then lose. I think that if a person is willing they will do anything even if its hard just to get what their hearts desire.

Like for example they can do extra work to earn money and use it to invest in bitcoin. If done right their money can grow in btc and that can change their life dramatically. It might be true that life is unfair but everyone has a chance to change their lives. I remember there was a saying once that when you born poor its not your fault but when you die poor well that was obviously your fault.

And this is where mistakes do happen on which we do only engage when its too late or we had missed out already the train on becoming rich.If we had able to see its potential or possible benefit then we might able

to change our lives when it comes to finances.Not everyone would really be having that kind of mindset though but we do know that opportunity doesnt really come always thats why you should be smart

on taking up steps which you do seem that it could really benefit you out on upcoming future even though it wont be a guarantee but at least you had tried out.

Yes, that's depending on someone's effort. If they're sure with what they do, they'll going to push what they know and what they have. As they invest and go deeper on it, that only shows that they're interested and responsible for it.
The success that they'll have in the future speaks for the actions that they do for now. If they invest and believes that there will be the future and better price of bitcoin then they should make a decision today if the price is cheap.

at least by having prior knowledge about bitcoin, then we will have the insight to decide whether it is worth investing or not. everyone will have their own opinion, even there are famous people who don't like bitcoin even though they are famous economists. therefore we must believe in our own conscience so that it is comfortable to live it

To know bitcoin alone , it's a massive thing.

we are heading into final mass adoption phase which could take more than 50 years now for everyone to use bitcoin or any crypto in daily basis.
there is plenty obstacle as well to make it happened, but we are in the right direction .

Its a personal choice whether we do dig deeper into crypto space or wouldnt really make out any actions at all.Someones success will really vary on how hardly you do put up some effort.

Not everyone would really be having that kind of mindset because there are some who do work and some who do ignore and of course it would really be obvious on whose the one would
able to get that kind of opportunity to make profits out of their investment.

So it will depend on someones engagement and effort that do made.

It's no longer our problem if those people that knows bitcoin and cryptocurrencies can't avail to invest. We cannot also push them hardly if they barely survive just to put food in their tables. I know it's quite of a situation but we've been there. We can make things work if we're too focused and inspired by the problem that we're experiencing. All of us have 24 hours, and it's all on them how they're going to spend those hours they've got wisely and monetize it and as they earn, that's what they can use to invest in bitcoin.