If bitcoin go high the poor will not participate - page 2.

blockman

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Quote from: Nutrient on September 16, 2021, 05:30:32 PM

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.

Quote from: Nutrient on September 16, 2021, 05:30:32 PM

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.

EdenHazard

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Quote from: famososMuertos on September 16, 2021, 06:52:24 PM

@Newlifebtc

I went through the more than 180 answers looking for you... zero.
Your action in this post is the answer why many are left without 1 satoshi, at least.

There is no effort, the concern is not enough, the misinformation is not a pretext and that the bitcoin reaches $ 100,000 neither.

Friend, buy your part of the Picasso painting, because the gold... the "xcompany" shares, the minerals, etc. none of that is available to everyone, the bitcoin! yes.

grab it while it last and HODL it tight... that is true

you might will not fully ready to keep buying and compounding the coins, you will lose some of it instead... as time goes by... as the more higher the price the bigger chance for you to enticed to release it all and feel bad after it.
nice analogy, i love it, brate.

famososMuertos

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@Newlifebtc

I went through the more than 180 answers looking for you... zero.
Your action in this post is the answer why many are left without 1 satoshi, at least.

There is no effort, the concern is not enough, the misinformation is not a pretext and that the bitcoin reaches $ 100,000 neither.

Friend, buy your part of the Picasso painting, because the gold... the "xcompany" shares, the minerals, etc. none of that is available to everyone, the bitcoin! yes.

Wawa2013

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Quote from: Natalim on September 16, 2021, 12:02:08 PM

Quote from: LyJones on September 16, 2021, 02:49:44 AM

This is something that novices will consider. They will judge whether it is worth investing and buying at the price of one bitcoin. I thought this way a long time ago. I think Bitcoin is too "expensive" and I dare not buy it. Later, after learning to understand Bitcoin, I know that you can buy any price you want. If you want, you can buy Bitcoin for 500 dollars or 5,000 dollars for Bitcoin.

Yes, bitcoin is expensive but it does not mean that you should buy the whole coin to make an investment. We can still invest through buying just a fraction of it. And anyone who think that bitcoin is just for the rich investors because of its expensive price is clearly a picture of lack of education about bitcoin.

The main reason for Satoshi to come up with crypto is freedom from banks and any other financial institutions and that bitcoin alone can be our own bank. So anyone is free to invest in bitcoin regardless of your social status in life. But as an advice, bitcoin is really risky so invest an amount that you can manage to lose.

It is true that if there are people who think Bitcoin is only for the rich, it means that person lacks knowledge, because they do not understand Bitcoin.
Since the beginning was created by Satoshi Nakamoto Bitcoin is not for certain circles, but Bitcoin for everyone. And there is no rule that says we have
to buy 1 BTC, we can buy Bitcoin in small fractions according to everyone's financial ability. Another thing that must be known is that Bitcoin
price movements are volatile, making Bitcoin very high risk. So start learning about Bitcoin first, so we really understand how Bitcoin works,
that way we will understand how to invest in Bitcoin properly.

Desmong

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Quote from: Ryder Kudrow on September 07, 2021, 10:17:31 PM

Bitcoin is suitable for everyone. Anyone has the opportunity to invest in bitcoin and can buy it within their own financial capacity.
When the price of bitcoin is too high, you don't have to buy a complete bitcoin, you can use it for the investment part according to your financial ability and daily needs, and then increase it regularly and hold it for a long time, and finally you can get great benefits.

If bitcoin get to the amount you have mentioned which is what we have been anticipating for, then the poor that op thinks will not be able to buy will now more because cos the price had gain more value attracting more investors who might have thought that Bitcoin will not surge high. Everything is left to the market and I know when price get high many might decide to sell there Bitcoin why some will buy it back.

stomachgrowls

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Quote from: Nutrient on September 16, 2021, 05:30:32 PM

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.

There's no such thing about prohibition for you not to engage nor buy bitcoin even with fractions and its just a personal mindset for someone on aiming on getting 1 whole bitcoin but the truth is that poor people could

still accumulate on smaller fractions because not all would really be having financial capacity on doing so thats why its understandable that people would accumulate on smaller fractions.

This is something shouldnt really be worried on because all people could participate and no one can stop you on doing so because its your money after all.

Nutrient

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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.

Natalim

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Quote from: LyJones on September 16, 2021, 02:49:44 AM

This is something that novices will consider. They will judge whether it is worth investing and buying at the price of one bitcoin. I thought this way a long time ago. I think Bitcoin is too "expensive" and I dare not buy it. Later, after learning to understand Bitcoin, I know that you can buy any price you want. If you want, you can buy Bitcoin for 500 dollars or 5,000 dollars for Bitcoin.

Yes, bitcoin is expensive but it does not mean that you should buy the whole coin to make an investment. We can still invest through buying just a fraction of it. And anyone who think that bitcoin is just for the rich investors because of its expensive price is clearly a picture of lack of education about bitcoin.

The main reason for Satoshi to come up with crypto is freedom from banks and any other financial institutions and that bitcoin alone can be our own bank. So anyone is free to invest in bitcoin regardless of your social status in life. But as an advice, bitcoin is really risky so invest an amount that you can manage to lose.

LyJones

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This is something that novices will consider. They will judge whether it is worth investing and buying at the price of one bitcoin. I thought this way a long time ago. I think Bitcoin is too "expensive" and I dare not buy it. Later, after learning to understand Bitcoin, I know that you can buy any price you want. If you want, you can buy Bitcoin for 500 dollars or 5,000 dollars for Bitcoin.

rozak

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Totally agree and even if they can buy at smaller denomination, it won't be enough because not everyone has the opportunity or the spare money to buy those things, they're already on survival mode so it's not really the best thing for them even if it can turn their life around, when you're poor, living is much more difficult.

because in a life that is all too lacking, owning an asset like bitcoin is not an option for them. of course meeting their needs will be more important. even for today's prices, owning bitcoin for those who are still short on capital, of course, will not be much profitable.
an alternative for those who do not have large capital is assets that are cheap in value and hold them for the long term. maybe 10-100x of the purchase price.

onecall123

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Is anyone able to estimate when BTC will reach such a high point? In my opinion, high Bitcoin prices do not pose a big challenge to investors. As before, Bitcoin will always retain its position of appeal regardless high price. Is Bitcoin designed to improve the lives of every poor person? Not at all. I'm convinced that bitcoin is a solution to the issues of the regular banking system, and early adopters can benefit once it rises in price. However, your words have inspired me. I hope others will take part as well.

Rruchi man

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Quote from: Newlifebtc on August 24, 2021, 06:52:55 AM

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.

It's no big deal if you can't afford to invest in bitcoin, Bitcoin investment is not for everybody, if the price gets too high and it becomes difficult to invest in, there is the option of investing in other cryptocurrencies as there are also ample opportunities there as well. I believe a massive growth in the value of bitcoin will come as a result of widespread popularity and acceptance, the effect of the this will definitely be felt by other cryptocurrencies as well as more people will become aware of them.

blckhawk

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as of now unfortunately the poor cannot buy bitcoin, this is the problem with bitcoin because it is not accessible for people living in third world countries only the rich and the ones that have financial freedom can invest in bitcoin. this is the sad truth but such is the way of life not everyone can gain access to good life without sacrificing resources, but for the poor they cannot afford to make any more sacrifices.

Boov

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Quote from: Newlifebtc on August 24, 2021, 06:52:55 AM

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.

It's very hard for people who's in poverty for to participate on expensive bitcoin price, indeed rich and wealthy individuals usually risked their funds over btc at this certain situation. For now, average status investors will take chances of the recent price fall before month of October, because the projections will eventually break the current resistance.

excro

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Anyone can participate in Bitcoin, as you can buy any amount of Bitcoin. You can literally buy 1 cent worth of Bitcoin if you feel like it, so anyone can participate in Bitcoin.

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Quote from: Sanugarid on September 08, 2021, 02:13:01 AM

Yes, everyone can't afford to buy and hold 1 BTC at $100,000 or even at the current market price but there's no need to buy a whole 1 BTC in order to be profitable even small value of it will do like 0.5,0.4,0.1 BTC. Moreover, we have alternative coins which have the potential to be big just like BTC in the future.

if using this way, i think everyone can reach bitcoin. even the poor can own bitcoins. there is no compulsion to buy 1 bitcoin, and you can still be called a bitcoin user even if you only have 0.001 bitcoin in your wallet. they can buy or deposit their assets bit by bit into bitcoin as savings or investment.
I found the article quite interesting, https://iai.tv/articles/the-rich-get-richer-the-poor-get-bitcoin-auid-1766
maybe it is still included in this discussion. however, everyone can use bitcoin, even in some poor countries too many people use bitcoin as an investment tool.

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Quote from: Newlifebtc on August 24, 2021, 06:52:55 AM

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.

Yes, everyone can't afford to buy and hold 1 BTC at $100,000 or even at the current market price but there's no need to buy a whole 1 BTC in order to be profitable even small value of it will do like 0.5,0.4,0.1 BTC. Moreover, we have alternative coins which have the potential to be big just like BTC in the future.

willhuber

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The best thing about bitcoin or any other crypto currency is, you don’t need to be rich to get your hands on it. If you understand the importance and the benefits it is going to give you in future you will definitely participate in it.

ropyu1978

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Bitcoin can be said to be high now, at $52k I don't think any poor people can afford it, they have to look for new projects that are still developing in order to get the same big profits at a cheap price, that's a good solution in my opinion.

true as you said, seeing the price of bitcoin which is fantastic and so high, it is very difficult for a poor person like me to get bitcoin, i have to try to find another business, to be able to earn, but i will try to collect a lot of money ,to be able to earn at least a little bit of bitcoin..

Ryder Kudrow

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Bitcoin is suitable for everyone. Anyone has the opportunity to invest in bitcoin and can buy it within their own financial capacity.
When the price of bitcoin is too high, you don't have to buy a complete bitcoin, you can use it for the investment part according to your financial ability and daily needs, and then increase it regularly and hold it for a long time, and finally you can get great benefits.

Topic: If bitcoin go high the poor will not participate - page 2. (Read 1368 times)