Topic: If bitcoin go high the poor will not participate (Read 1447 times)
I think the higher the price of Bitcoin, the better for people. At one time the price of bitcoin was very low. People usually buy bitcoins.But nowadays Bitcoin has increased a lot and people are becoming more and more confident on Bitcoin.Now people think Bitcoin is more popular.Now the way the poor are participating in Bitcoin If the price of Bitcoin has skyrocketed then they will participate in such a way that they will never lag behind.
I am also a poor person and I will buy altcoins if Bitcoin rises at this stage. However, the risks of altcoin investing are always present but the returns are worth it.
One more thing Bitcoin is divisible to satoshi level so we can hold a part of Bitcoin but not have to hold a Bitcoin completely. I agree about the poor they have no money but I believe they have the wisdom to think about this.
One more thing Bitcoin is divisible to satoshi level so we can hold a part of Bitcoin but not have to hold a Bitcoin completely. I agree about the poor they have no money but I believe they have the wisdom to think about this.
please note that you don't have to invest 1 btc here, we can start with a small capital first so it adjusts to our capital. if people think that poor people can't invest here then they will be more afraid to invest in btc even though btc investment can be done by anyone as long as they have their own capital. so throw away such thoughts because it will create a negative perspective on bitcoin.
Anyone can buy Bitcoin. When the price of Bitcoin rises, it is not necessary to purchase a complete Bitcoin, but only a portion of it within the economic capacity. Bitcoin is the most valuable currency, and it will be profitable to buy and hold it for a long time. You can also buy valuable altcoins at lower prices and profit from them.
Even if Bitcoin continues to rise, the poor can still buy Bitcoin for only $100 or tens of dollars. Regardless of the price of Bitcoin, the poor have the opportunity to participate!
I am thinking that if the bitcoin continue to go up to $100,000 and above. it will be expensive for the poor people to invest. It will be for only rich people. It will be better for bitcoin will not go so much high so that it will be affordable to everybody to invest and have profit.
I will like to read and learn for everyone here.
I will like to read and learn for everyone here.
Bitcoin creates free and equal trading opportunities for everyone and everyone can use it. There is no limit to the number of bitcoins that can be purchased. When the funds are insufficient to purchase the full bitcoin, a small portion can be purchased. Long-term holding and continuous investment of funds can also make profits.
I am thinking that if the bitcoin continue to go up to $100,000 and above. it will be expensive for the poor people to invest. It will be for only rich people. It will be better for bitcoin will not go so much high so that it will be affordable to everybody to invest and have profit.
I will like to read and learn for everyone here.
I will like to read and learn for everyone here.
What is this? Some sort of threat?
This guy doesn't even know about the basics of Bitcoin. For investing in BTC, you don't need $100,000. One Bitcoin consists of 100 million Satoshis, and as per the current exchange rates 1 Sat costs just $0.00044. Even if Bitcoin goes up to $100K, the price of 1 Satoshi will be $0.001. Are you so poor that you can't afford to spend $0.001 to purchase one Satoshi? If that is the case, then please send me a PM and I will transfer one Satoshi to your Bitcoin wallet (only catch is that you need to pay for the transaction fee).
Since we are talking about the poor people investing in cryptocurrency, we can assume you are referring to people who can only invest very little, like $100, that is not even a poor mans amount, realistically a poor man will put his money more on his kids education and food and basic necessities more than investing in something they do not know for sure. What kind of poor people are we talking about here? The hand to mouth type of poor. Or the lower middle class who probably can invest at least $100 and not $5 or $20. The word poor is now generalized and can mean a whole lot of different people with different situations.
I am thinking that if the bitcoin continue to go up to $100,000 and above. it will be expensive for the poor people to invest. It will be for only rich people. It will be better for bitcoin will not go so much high so that it will be affordable to everybody to invest and have profit.
I will like to read and learn for everyone here.
I will like to read and learn for everyone here.
First of all, you don't have to buy one bitcoin or more, you can buy a small part of it. But I think you know it without me. And the thing is that we can't stop Bitcoin from growing. The more investors are, the bigger growth is. The problem of small investors is that not always we can afford holding. Sometimes it happens that we need our money very much, so we have to sell off our assets. As opposed to whales, who don't care about price fluctuations and just hold.
if bitcoin goes up high then the poor can't participate it's not necessarily true about people who don't have a lot of money to invest in the crypto world, of course they can buy a small amount according to the budget they have because the crypto world is an investment which is where miners can buy bitcoin in small or large amounts.the important thing is that they want to enter the digital world, even though the price is very expensive and they can buy half of what they want to invest in the future
We can buy just a portion of it and still be able to get a profit.
It will all depend on how good we are in trading and investing.
Investing in the amount we can only a lot help us to have bitcoin and maybe will let us have more bitcoin if we know how to trade or probably when the price is high.
The bitcoin price is way too high but it doesn't mean we need to buy 1 whole bitcoin.
There is no chance that if bitcoin goes high poor will participate because it is too costly and everybody can't afford this only millinoers or billioners traders can participate in it. Poor will participate in other little coins.
If the price of bitcoin goes up high, of course, people who lack capital can't be sure to buy bitcoins. Because if the price of bitcoin is too high only people who have a lot of money or entrepreneurs can buy it. Currently bitcoin price is very low from May, so many people can buy bitcoin. I think that's very good.
this in my opinion is not true if you are poor you can still buy according to the poverty rate. For example: you have 10$ you can still buy less than the rich but I think anyone, even if BTC rises to 100k$ or more, anyone can buy it, just a little or a lot.
But how about if the fees go up high, just like before when the fees of bitcoin high like paying $50 for every transaction. If you are poor maybe don't enter crypto because you can't afford it when the price fluctuates. Maybe bitcoin and crypto investment is good for the middle-class people, poor it means they can only afford what they eat a day, and maybe they are behind on the technology. But yes, maybe below $20 you can buy it on the exchange including the transaction fee.
this in my opinion is not true if you are poor you can still buy according to the poverty rate. For example: you have 10$ you can still buy less than the rich but I think anyone, even if BTC rises to 100k$ or more, anyone can buy it, just a little or a lot.
I am thinking that if the bitcoin continue to go up to $100,000 and above. it will be expensive for the poor people to invest. It will be for only rich people. It will be better for bitcoin will not go so much high so that it will be affordable to everybody to invest and have profit.
I will like to read and learn for everyone here.
I will like to read and learn for everyone here.
I believe you do understand that Investing in Bitcoin is not neccessarily in whole? meaning you do not have to invet in buying a whole Bitcoin since you can invest in satoshis of Bitcoin. I believe that it is still this kind of rationel that makes people believe that investing in Bitcoin isint for them whilst letting the so called Rich people to take over the space. I truely believe that every one can invest base on your financial capability. I magine what your $100 investment in Bitcoin/Satoshis back in 2017 would be worth now.
Even if this happens, which is likely to, years from now, there’ll always be fractions of Bitcoin accessible to the poor. At the current price, there’re still people out there that can’t afford 1BTC. That doesn’t stop them from owning fractions of it, as their account status permits.
Everyone can use bitcoin if they have enough capital there is no such thing as rich or poor bitcoin is open to everyone if they can invest in the right way. Even if you can't hold one bitcoin you will invest a small amount with your own capital if the price goes up you will sell it and if it goes down you will buy it you will get benefits in this way.
Bitcoin is for everyone; the poor, the rich, whatever class. You don't have to buy 1Btc, you can buy in smaller bits which some people prefer to measure as "Sats". Whether that or not, you will not be restricted from buying $5 BTC, and if exchanges like Binance whose minimum buy/sell is $10, you can try other services. Just don't let the big worth of Bitcoin intimidate you when you want to buy.
I don't think so....if price of bitcoin is at $50k for example and you buy 20 dollars worth of bitcoin and you come back after 2weeks price goes to $50.5 then your $20 still remains what it was but the problem comes when there is a crash and a combination of high fees,then that $10 will be stuck in your wallet. So prices really just affect the value of your coins depending on when you got into the market and not based on financial status.
Even if this happens, which is likely to, years from now, there’ll always be fractions of Bitcoin accessible to the poor.
Not just only for the poor but let's say that buying fractions of bitcoin is always available for everybody. Those that can't invest in it right now but wants to invest because they have no money. If they want to buy it, they don't have to save until they will be able to buy the whole thing.At the current price, there’re still people out there that can’t afford 1BTC. That doesn’t stop them from owning fractions of it, as their account status permits.
Many. It's not everyone that has $40k-$50k in savings that they can just buy bitcoin on it or with that amount as a spare since we're all voicing that people should only invest what they afford to lose.they can buy bitcoins in small amounts and if they do so regularly their holdings in the long run will be large.
do it according to your ability and don't push yourself beyond your ability, if you can do it in a small amount why not, than not doing it at all because the function of bitcoin is very useful, especially as a very important reserve fund in the future.
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