Topic: Bitcoin is for everyone but not everyone will be for Bitcoin - page 3. (Read 819 times)

I think most of us understand that a full bitcoin is expensive, but you do not need to buy a full bitcoin, you can buy very small fractions of it without no problem so I do not see the problem that you are seeing, holding altcoins is a huge mistake, I could understand your posture if you said you traded altcoins and you were one of the few traders that could become profitable with such a high risk high reward activity, but holding altcoins is simply not the correct strategy since you do not know if the altcoins you are holding will disappear overnight, so if you plan to hold an asset in the market make sure you are holding bitcoin.

Agree that price is too high and difficult to own one which that is why those tight of budget Investor are finding new coins or existing coins that is promising for the future which they will invest on . But what i suggest is buy bitcoin in small bits then it will be accumulated over time . Just dont noticed it .

If you are leaning towards shitcoins merely because of unit price bias, you are likely failing to understand the value of bitcoin.. so perhaps if you think in terms of satoshis, you can still get 1 million satoshis for just under $430 (as I type this post).... so for sure, newbies into bitcoin should be attempting to set reasonable and reachable goals for themselves, and you do not need to buy a whole bitcoin in order to be making solid finanancial progress...

Focus on what is manageable for you.

So these days maybe guys start out with some kind of reachable goal like 1 million satoshis or 21 million satoshis.. or whatever might be reasonable without necessarily setting goals that are so high that causes you to throw up your hands in futility... because many normies are not going to be able to have one whole bitcoin, especially if they are getting into bitcoin now... but sure, some folks will work themselves up into whole coiner status.

One of the best methods into accumulating bitcoin is to consider some kind of dollar cost averaging budget, whether $10 per week or some other reasonable amount, and set reasonable goals for yourself including having 4-10 years or more of an investment time horizon...sure dollar cost averaging can be supplemented by strategies such as lump sum investing and buying on dips, but surely if you are considering to accumulate bitcoin.. sometimes it may well take some time to adapt into a kind of accumulation status with reasonable and meaningful accumulation targets and practices that are suitable to your situation. 

Fuck shitcoins... did I say fuck shitcoins?

If you get caught up on unit bias and you are investing in shitcoins, there are a lot of opportunities for you to get screwed over with those kinds of smoke and mirror nonsenses and just fuzzy and meaningless
attractions as if you just want someone to take your money, but hey you do what you want, if you believe that it is NOT valuable to focus on bitcoin accumulation first before getting distracted in your thinking and in your behaviors into buying various kinds of shit and believing that there might be value because they cost less and someone might pump them and they are good fun and blah blah blah.. then that is on you if you are into shit that is likely not to hold its value in the longer term such as 4-10 years or longer into the future.

Bitcoin allows for a lot of a solid foundation to build upon, and it tends to take a while to build wealth..and rushing it frequently cause people to never really build anything.. seen it time and time again...so considering whether you are investing or gambling could be a good thing to consider and considering how much you want to put into investing versus gambling might be another good thing to consider.. I do not really like to gamble with my investments, and part of the reason that I believe it is really risky to get very involved at all with any kinds of shitcoins or various flavor of the month varieties of those.

The current bitcoin price is more than $40k, in my country at such a high price like this one can certainly buy a house with a land area of 100m2 or more, since the significant price increase I have never kept bitcoins and prefer to hold altcoins.

Ultimately, each of us should strive to figure out our own financial circumstances prior to investing into bitcoin, and surely it is possible to get started investing in bitcoin while getting our financial and psychological circumstances in order.

Surely, there are quite a few ways to assert that any of us should be able to start with some kind of a Dollar cost averaging strategy of just $10 per week, and maybe we are able to do more such as $100 per week or more.  We might not know our circumstances specifically without attempting to analyze where we are at in terms of our cash flow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, and time, skills abilities to plan, learn, strategize and reallocate from time to time which may also include trading and the use of financial instruments such as debt, margin or other financial instruments. 

For sure, I recommend getting your finances in order and attempting to employ the most basic of techniques before attempting to employ more advanced techniques including the use of financial instruments, debt or trading.  Also, starting out with at least a 4-10 year investment timeline can be quite helpful including attempting to learn and to tweak plans along the way that also involves monitoring your own personal progress and your accumulation of more bitcoin which presumably would also contribute toward increasing personal wealth with the passage of time, too.  Of course, in the short term, it might not be easy to measure progress, but with the passage of time there should be good likelihoods of progress and with the more passage of time, there becomes more and more chances that value invested into bitcoin starts to compound upon itself to show greater and greater compounding results.. and surely there is not necessarily any get rich quick in this, even though the financial wealth building that includes bitcoin will likely provide ways to increase wealth fast than traditional methods that do not include bitcoin.

One of the hardest situation is that you do like to invest but your capacity in doing so wasnt really enough or just good to sustain your everyday living which would really be a regretful thing

but there are people who had done their best on looking for alternatives which do give out possibilities or probabilities for them to gain and re-roll or reinvest if they do have the chance.

Im actually into this kind of condition but i didnt really lost hope on doing so and trying out those probabilities of making income.

Well, if you are more capable to invest, then you should have a sufficient amount of money to buy bitcoin and hodl. But for those who only have enough to sustain their family's basic needs, i think that will be a great barrier not to invest. Because even how determined you are that bitcoin will give you good amount of profits in the future, but the fact that you can't even start to buy it will make you deprived from the opportunity. But on the other hand, if you have good skills that will be your asset to make profits, i think better enhance and use it for good, sooner you will have enough funds to invest in bitcoin.

"A currency or an asset is for everyone but not everyone can afford it"

This is basically what the title says when I read or did I miss something. Since not everyone is in the same boat that's why most of them can't afford to buy a small amount of Bitcoin. They would rather buy it for foods than buy/invest in Bitcoin in order for them to live their everyday life but if someone who learned about how the Bitcoin market would work I think that someone would just invest in Bitcoin and hold it until the right time to sell or when there's a bull run.

Unfortunately there are too many people who think that they could make a profit very quickly and right away. I do not understand why they think of it like that but at the end of the day they still try to make a quick profit. If they saw bitcoin as something they could make a great wealth over course of 10 years, then I would understand it, but for some reason they do not do it that way.

Imagine buying bitcoin once every month with some money saved aside, in 10 years you will definitely have enough money to buy a house, if you are 23 or so and start working, by 33 you will own a house, by 38-39 you will get your second house thanks to you not paying rent and keep investing same amount + rent into bitcoin, by 50 you will have few houses and you do not have to work ever again. How many people here thinks that a kid who is 23 years old right now, could own few houses and retire at 50 easily? Bitcoin gives you that option.

You could really start up from zero capital in terms of investment and same as you said that via some jobs or tasks where you could earn some coins and then you do tend to make it grow gradually.

Of course this would be needing a good money management and good control on spending because not all do really ends up on being successful but rather getting wrekt and make those earnings comes to waste.
Even myself do make use of capital which didnt came from my own pocket but rather into those funds that i have earned through several tasks  or jobs online which is paid
via crypto or btc itself and make it grow gradually.

It's true that some people cannot afford to invest any money in anything, and they won't be able to invest in Bitcoin. However, if we consider Bitcoin's prospect of functioning as money, they might be able to switch to getting paid in Bitcoin in the future and to use it directly as payment. It's possible already in some places, but not in most. For now, if you have any money to spare, you're better off than the majority of the world (by population). But it's the problem of our world economy and inequality people live in. I don't believe everyone should have the exact same amount of money, but I do think that it's a crime that many live in poverty and can't meet their basic needs for food and shelter, while others own multiple mansions and throw away tons of food.

Is this one of them? 

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Not everyone is born with rich status from their parents because we are also born from poor families. The family's economic status still hinders one's education and knowledge, especially in some countries with a large number of poor people. I also feel that we can change our destiny and economic status just by being willing to learn and not giving up, this will really depend on the dreams we want to achieve. We will create our own standard of living, what we want to achieve and what we want to get.

Indeed it is. It was so cheap before and I even doubt it. That was one of my regrets bumping into a good asset at a cheaper price and didn't even invest at my full capacity. Doubts will make you rusty most of the time but we are human so it's normal.
The challenge is if you will be hard headed enough to keep on feeling the same way, doubting the new technology that is being offered in front of you.
I guess I am pass that question right now.
Who will believe in something that you cannot even physically attain, it's just numbers in a computer and yet there is value. That was also one of the biggest question that I tried to conquer years ago. Now, all I want is to accumulate more and seek a better future.

it's not easy to be able to believe in bitcoin, it takes a strong push...

I still remember when I heard about bitcoin for the first time, it took me a long time to decide to invest in bitcoin, especially when the market was bearish, luckily I didn't give up on the market and was able to see the bitcoin price go past $50k and stay in bitcoin.

I somehow agree with your statement but I also disagree with some points.

Being born rich can definitely put you to a great advantage in terms of access and convenience. You have the funds in order to supplement yourself with the information needed to run this world. In contrast, people who are born poor must have to double or triple their effort in order to make ends meet. But this does not mean that people who are born poor cannot acquire the opportunities of those born rich.

At the end of the day, while there may be some poor people who are not knowledgeable about BTC, the fact that this has been existing for years now can be an inevitable circumstance that they will soon encounter.

If you only talk about Bitcoin, I think many people already know,
but indeed people who understand in detail about crypto are not as many people who only know Bitcoin,
apart from that we don't need to bother thinking about it

Investing in bitcoin is like we save gold or invest in a piece of land and it requires patience for us to enjoy the results of that investment, I think nowadays many people have heard about bitcoin, but their limited funds and knowledge make them just a spectator without being involved can do anything and in the end such people will be left behind by the advancing era.

I understand that you are trying to emphasize about the difficulties of high value of bitcoin for first time investors. But, we still live in fiat world, we earn and spend in fiat hence you should start considering all your bitcoin related investments only in fiat and not in BTC; for example if you invest some 100 USD into bitcoin then you should calculate profit or losses only in USD and no need to bother about where the bitcoin is trading.

I do see people do the same for stock market as they do consider the price of a stock is highly insignificant because after a split, price of a stock may vary drastically whereas for same investment you might be holding more number of shares. So, where we buy a stock and where we sell is alone important and not the price of a stock. Same could be applied for bitcoin investments as well.

No, I don't agree with you both. It is not as if Bitcoin is merely something that people would only either accept or not. Bitcoin is not only a question of patience, or the ability to understand, or being open-minded, and other personal factors. Those are too limited.

There are a lot of people who are caught in situations in which they wouldn't even encounter Bitcoin. It is not as if Bitcoin is right in front of everyone waiting for their interest and curiosity. There are prerequisites. Bitcoin, for example, basically requires electricity, internet connection, at least a smart phone, and so on. These are things many people don't have.

For normal life circle not every body like to eat rice but every one know what is rice, you most not like every thing that come around you for investment, some people use to see Bitcoin devil kind of some thing that they don't know the way about but know the news of bitcoin, and some people is seeing it fraud some thing, you can not believe any one who saying bad about Bitcoin is uncivilized about bitcoin, many people have the money to put into bitcoin but they don't like to put their money, from what i copy out in bitcoin is like food or bank, you will decide the bank you will bank