Topic: Bitcoin is for everyone but not everyone will be for Bitcoin - page 5. (Read 819 times)

Yes, more investments mean more resources to generate an income. And this is what we probably need this time as relying alone from our day job won't sustain all our basic needs and wants. And if you are planning to invest in bitcoin, don't just create a plan but stick to it so you can reach your goal. Although its kinda expensive compared to other investments but you don't have to buy the whole bitcoin, a small portion of it can still make a big difference in the future. But you should also see to it that once you're making profits already, then invest a bigger amount so that you will reap a bigger profits after long term hodling.

You can prevent being a struggler by increasing the number of your investments and not just focusing on only one, with more investments in your pocket and making you money then you will make more and you will eventually make stabilize your way of living. If you don't hit the jackpot, hit the other one's until you've hit one, I believe that to change someone's life, you're going to probably need only one lucky hit.

If you are referring the high value of bitcoin as a barrier or challenge here, then that must be a misconception because you can start investing bitcoins as little as $5 or even smaller than that. Moreover, this is not a problem for crypto investments but for all kind of investment opportunities. For example, I cannot buy a house in my city but able to do only in nearby small town.

Anyone could invest 10% of their total investment capital into 10 different investment types, right? So, how much you are going to invest into bitcoin is up to you. For example, if you are investing some 20% of your salary for your retirements then from that invest some portion into bitcoin; if that 20% is into 10 different category of investments means 2% of your salary into bitcoin which is good enough IMO.

Well said OP. A lot of people have knowledge about Bitcoin but they failed to enter and take advantage of Bitcoin volatility. Just 2 years ago Bitcoin dropped to $3K. Even I was well aware Bitcoin would pump at any time I failed to accumulate during that time due to financial limitations. Earning wasn't very good and the priority was to feed the family. In that situation very hard to make the decision. Because we all are unaware of the Bitcoin future. We should be able to hold for a quite long time when we decide to enter on Bitcoin. Shouldn't be forced to sell for feeding family. So of course financial capability is quite important to invest in Bitcoin. That's how actually rich become a more rich and poor struggle to feed the family.

The title definitely makes sense and this sums up the situation as to why not everyone has bitcoin.

Bitcoin is made for everyone. Bitcoin is invented for us to be our own bank and to manage our own finances instead of letting our finances be managed by other people or institutions. Bitcoin isn't degrading and discriminating against any who plans to enter it. In fact, it encourages people because it is the heart of it. Without the people, bitcoin will lose its demand and will just be other coins that have little to no usage at all because none is using it for instance. Bitcoin is just always there, waiting for future investors. And it will always be ready and open for anyone, whenever, wherever as long as the country is open with the idea of cryptocurrency.

However, not everyone will be for bitcoin. In a sense that not every one of us has the same risk tolerance to be able to invest in bitcoin. We have different risk appetites and what might be profitable for me might not be the case for other people. There are just some people who don't like how aggressive the risks are in bitcoin and in crypto in general because some of them are used to other ways of generating income. And in those ways, there are various levels of risks too. Hence, they might not see bitcoin as something worth it. Meanwhile, there are people who just lack understanding and refuse to know more about bitcoin. These people are close-minded which is the reason why they don't want to invest in bitcoin. There are also people who just have none and as much as they want to invest, they lack the resources needed such as money, gadgets, and connectivity. I believe there are many people belonging in this case because of course, not each one of us is privileged enough to have spare that we could use to risk. Some just have enough to get by. Others just barely make it and are just living paycheck to paycheck. Sometimes still lack the funds to sustain their necessities.

So it's really fortunate of us to have the resources and be able to do and invest in bitcoin. Not everyone has the same opportunity no matter how much they crave it. We must be thankful and do our best to maintain it. I know there would be ways for the latter to be able to achieve it if they really want it, but it would be a tough time for them. This would take a lot of effort and patience in which only a few manage to do because there are still many unforeseen factors that we don't know about they are currently battling with.

people's awareness in facing the challenges for a more advanced family economy not all think the same thing and not everyone likes the challenge of digital invest ! real story yesterday my friend wanted to save money in a bank ,I recommend the bitcoin option for a better future than having to save in the bank with interest fee every month ! At first he hesitated because he lacked understanding ,Finally I taught him what I know ,it is indeed risky but he is very aware of it and will start investing when he receives his salary next week !
I once again remember that not everyone understands because of the limited space environment ,so why not everyone for bitcoin because their awareness of understanding also is still very minimal

The title of this thread makes total sense, very well said. Bitcoin is precious and still diponible for anyone who has legit interest for adopting it. i can't think of any other investment, asset, currency or precious metal which has the same proportion between accessibility and profitability of bitcoin. And even considering these aspects, most people aren't ready yet to adopt the digital currency. It's shocking, isn't it?

How many people struggling right now could be already improving their lives and overcoming financial problems with access to different international crypto platforms if they were bitcoin enthusiasts. In the end the picture presented in OP perfectly describes how most people are living their lives: with a heavy chain tied to their heels attached to a even heavier iron ball carried on their backs.

That is the burden of a life without financial planning, management and without an open mind regards alternatives to the traditional inflationary fiat system which makes average people poorer and poorer through the years.

Engaging with it does give out that kind of chances or odds for you to reach out  that particular state in terms of finances but of course you would still need to exert effort and investment for you to
achieve that one and not just simply dealing in most basic stuff and you do anticipate that you would really be reaching on there. Dealing with market is really something that cant be handled out
by everybody and only the best and skillful ones would able to do so.You wouldnt able to find out if you wouldnt try, make yourself sustainable and
able to survive this harsh market condition then you are really doing well.

because tears, heartaches, disappointments, laughter, happiness dreams, life and death are the colors of life including the world of bitcoin and crypto that we live now, it's the simplest of them you come to grow your wealth, control your future, and achieve financial freedom this might be the reason we stay here

The best way to start is to start. Life is all about sacrifice and dedication. Most investors who made it through crypto currency actually started small and  made up their minds on whatever outcome the get as a result of their decision. Bitcoin is actually for everyone as you rightly said and it's obvious not everyone would embrace it at the tail end because most people still choose to see life from a very myopic angle. The goal for now is to bring a handful of people into the crypto world and still educate the ones who are still in doubt hoping someday they too would embrace the change

Lets just face up the reality and this is how thing works because engaging with bitcoin doesnt automatically that it would really be putting you up on a situation on where
you would possibly reach out financial freedom because it would always vary on how much you had invested and on how you do deal up with volatility or making out
investment and how well you do buy and sell. Yes, financial capacity would really be a big hindrance but as a person who are willing or strive on making their lives
better then they wouldnt care much about this issue or situation.

Good point, actually the most important thing about bitcoin is that's very much borderless and available for everyone in the world at any age, and any situation that makes people think they bitcoin is good for them and their economic situation with any mindset but they don't know bitcoin and bitcoin world is not for the people who don't really believe in bitcoin and can't wait for long term investments, that's like saying bitcoin is not for the weak hands but that's for the people who truly believe in bitcoin.

I like you because you understand very well where my point is, the average person who is still struggling to buy BTC of $100 will sell it anytime they have challenge but the rich will always find a way to get means to solve their problem and still hold their BTC untouched. Poor person may rush to sell his $100 as soon as the portfolio time 5. That's what rich people don't, they always wait for right time.


If you said the purpose of bitcoin has change, tell me what Microstragies and Elon Musk will later do with their stash if not for making more wealth, I wonder what will happen to BTC in 2050 if I will be able to see an ordinary person with 1BTC on their on portfolio.

That's exactly what it is for most people since everything that is necessary to earn is governed by money. People don't even have right to education. They spend so much time to get a good job just to pay their loans off. With Bitcoins the situation is similar to any asset. People cannot afford to invest until and unless they are financially stable and during covid it's a major issue since the jobs are in a bit of a crunch ad well. Therefore what people choose to do is invest in Altcoins. They are more affordable and oftentimes it's a wager that doesn't work well. That's just how it is unfortunately, it's always been that way, the economy is struggling and it's most of the times governed by rich people.

You are not mistaken but you are not completely correct ether, you are only thinking of bitcoin as an asset in which to invest and make money with it, however this is not correct, once that bitcoin begins to be used more as a currency than as an asset even those people are going to be able to benefit from bitcoin, after all they could be paid in bitcoin directly and even if whatever they can save is a small amount of money the purchasing value of that money will be protected by bitcoin, as it cannot be inflated away by the governments.

Acquiring asset isn't easy especially for someone still struggling with finance but at same time life does not make things easy also so the need to keep struggling becomes a constant phenomenon. Very many can not buy 1 btc because of the price but buying little of it is part of effort we should make and not to complain of lack of cash. Bitcoin is a longtime investment because it value will keep increase with time. Therefore keeping hands fold not to struggle to invest is not the best thing to do. Buy small, hodl for future.

The traditional advice for investing in anything has often been "only invest what you can afford to lose".  And it is unfortunate that some people can't afford anything beyond merely keeping themselves or their loved ones alive.  Bitcoin can be used to achieve some things, but I would argue it's no more practical a tool than fiat is to rid the world of poverty.  You need social reform to achieve that, which is a matter for politics.

Also, as others in the topic have alluded to, sometimes Bitcoin isn't a suitable investment even for those who do have wealth.  Some people do manage to get by without comprehending how Bitcoin works.  However, Bitcoin is far safer to use if you possess a certain level of knowledge, which not everyone has attained.  It's easy to make mistakes if you don't fully understand what you are doing.  So there is both a financial barrier and a knowledge barrier to overcome.

Bitcoin is innovated with a purpose, but at times it gets deviated from its real purpose. For this reason at times people find it different. If bitcoin is at a price that is affordable people would've said it is for everyone. In my opinion bitcoin can be bought upon one's ability, which means any lowest denomination is possible. Even now this is for everyone, maybe making big money out of bitcoin might've got slowed down for the present investors.

Can't help being pessimistic really because for an average person that can only afford $100 worth of BTC. In the bear market, it will just be spent as the value depreciates.

Before an average person can invest they have to have a regular job in which they would not have to spend the little investment they have. And it's a problem too because of the basic necessities that are also inflating. Surviving today has to make an average person find 2-3 jobs to be able to live.

Don't be too pessimistic or feel incapable because many users are unable and even very poor but capable, it all depends on your intention and consistency in doing it.
because bitcoin has derivative units, known as satoshi, the value of 1 Satoshi is one millionth millionth of 1 Bitcoin (0.00000001 BTC)[1] it is the smallest unit of bitcoin, because bitcoin can be broken down into satoshi units so you can also buy retail without have to buy 1 bitcoin.
make a purchase within your means and use the money you can afford to lose and no matter how small you buy it if you do it regularly for the long term you will feel the benefits and the price of 1 bitcoin doesn't matter to anyone depends on whoever uses it regardless of the circumstances because bitcoin is for anyone for those who are willing to put in the effort, think smart and are not pessimistic.
and for some other reason some of my friends are not good financially and he does as I mentioned above and other ways use his skills to get free bitcoins and the result is very satisfying, so knowledge and information will help you to grow and ambition to be like them and will study it so you can, and this forum is the best for those of you who have financial problems depending on your efforts and hard work.