If bitcoin go high the poor will not participate - page 3.

conected

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Quote from: kanayaTabitha on September 07, 2021, 01:49:06 AM

Quote from: ?? on ??

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.

What do you mean poor people can't afford it. I wonder why you assuming that the people have to spend the whole 52k to have bitcoin. I know they can't afford a bitcoin but i'm sure they could buy 1 satoshi.
But the return of investment if we buy bitcoin right now is lower than we invested in new projects. But the risk is higher if we investing for a new project.
So the choice is from the investors itself.

- The reality today is that people of average economic level and above, they are no different from the poor, if bitcoin for example is a giant cake, they can only buy the outer layer or a small portion of the cake, this current expenditure seems very expensive, I am also an existence in the example of that economic level but it does not imprint on my mind a sign of giving up, the cake supplier does not limit buying and selling. This is an online country with absolute equality of rights, the poor can still go up even though they are too poor and have nothing in hand.

Mikayla Buckley

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Quote from: Hisamgeo on August 24, 2021, 09:27:02 AM

It's actually a wrong perception, people invest according to what there have as capital.

No matter how high the price of Bitcoin is. There will be people of different classes making investments.
As long as you have investment experience, you will invest in Bitcoin.
The poor do not invest in Bitcoin because they do not understand Bitcoin. Even if you have a small amount of money, you can invest in Bitcoin.

Melody kdl

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That is for sure. If the price of Bitcoin continues to rise, then the poor or people who do not have enough funds to invest will not have complete Bitcoin. Although you can only hold a small portion, you can still profit from it. Invest a small portion of it first. Slowly Slow accumulation keeps adding coins, and if you want to get high profits, you have to bear the same risks.
Whether you are poor or rich, you are responsible for the consequences of your investment.

kanayaTabitha

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Quote from: ?? on ??

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.

What do you mean poor people can't afford it. I wonder why you assuming that the people have to spend the whole 52k to have bitcoin. I know they can't afford a bitcoin but i'm sure they could buy 1 satoshi.
But the return of investment if we buy bitcoin right now is lower than we invested in new projects. But the risk is higher if we investing for a new project.
So the choice is from the investors itself.

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Quote from: ?? on ??

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.

there will always be alternatives. although bitcoin will be very expensive in the future, even for now. there are alternative coins that can be chosen by people who have limited capital.
but at least when the price of bitcoin becomes very expensive, it will trigger altcoins to follow the movement of bitcoin in the market. and that's also something to gain apart from bitcoin.

Helen-cty

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No one will dictate how many bitcoins you want to buy, and you may not choose to buy a full bitcoin.
However, it has to be said that the investment difficulty will be lower for the rich, and they should not have the pressure on wealth. When investing in Bitcoin, they will get corresponding profits based on the investment, but the poor will also get less income if they invest less. It does not mean that the poor cannot invest.

James Watson

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It can only be said that Bitcoin is suitable for everyone, but the amount of purchase depends on oneself, and the amount of investment is controlled according to one's financial ability.
There is no limit to the number of coins we can buy. Don't put too much pressure and burden on ourselves, invest little by little, and control the risk to what we can accept.

Jasper HODL

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I think the reason why it is more difficult for the poor or ordinary people to participate is not the price of Bitcoin, but that there is no systematic textbook to teach them what Bitcoin is. For them, the time cost and knowledge cost required to contact this field are far greater than the monetary cost.

CryptoSable

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The market is volatile, it will not always stay above that high. The poor have their chance if they pick up the right time to buy.
Besides, you don't need to buy a whole Bitcoin, you can buy as little as you want, for example, 0.1 Bitcoin.

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They can participate in projects similar to bitcoin at a cheaper price, nowadays only bitcoin can be said to be very expensive for the poor, but they can choose projects that are cheaper to invest in, it also has the same or even greater advantages of bitcoin.

Kiley33

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Quote from: Lucius on August 24, 2021, 07:21:59 AM

Although we know that it is possible to buy only a fraction of BTC, I think that many see their possible investment in the context of the price of 1 BTC. No one disputes that it is possible to buy only $ 10 worth of BTC, but that is only 0.00020300 BTC, which at some points may not be enough to pay a transaction fee.

We can’t escape the fact that Bitcoin is becoming something that becomes available to the rich (when we talk about quantities) because they can afford to buy it no matter the price. If their interest continues to grow, I have no doubt that the vast majority of BTC will end up in their wallets because ordinary people will sooner or later decide to sell - let's face it, most are only there for profit.

Ordinary people may not invest.
There is a certain amount of experience before choosing to invest. If they choose to buy Bitcoin, they will always hold it.
Everyone knows the truth: accumulate little to make more.

worldofcoins

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Quote from: Dilladupak on September 04, 2021, 09:11:18 AM

Bitcoin can be bought with a small amount according to our abilities, and that can be done by anyone who wants to invest in Bitcoin.
The price of expensive Bitcoin will not make it difficult for poor people to have it but if the price of Bitcoin is getting higher it will make many poor people rich.
With a note, these people want to learn and get to know Bitcoin and Cryptocurrency, because there are many good Cryptocurrency coins and have high potential to be able to change the life and economy of someone who is serious about it.

I've said it many times that 99.99 percent of the time when you pay for something using bitcoin then the payment will be calculated according to the local currency then will be paid through the bitcoin and no most of the stuff you'll see online will have a Static bitcoin pricing for long. Every product in the market that can be bought with bitcoin will go through change and it doesn't matter if you're poor or rich, Whatever you can afford with local currency you can with bitcoin.

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Quote from: shield132 on September 06, 2021, 03:48:55 PM

Quote from: Newlifebtc on August 24, 2021, 05:52:55 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.

Why will it be for only rich people in near future? Does it matters how much bitcoin can you buy? As long as 1 satoshi doesn't worth thousands of USD, then bitcoin is affordable for everyone. It's not necessary to buy exactly 1 Bitcoin or higher in number but you can start buying from 1 satoshi that is 0.00000001 BTC, worths 0.00052 USD.

The thing you said was right and its just a pure presumption on why would poor people couldn't able to make out investment even just buying with $1 worth of bitcoin then you could already get engage with this market.

The only advantage is in between financial capacity which its normal that rich people would always have the edge compared to those average or poor ones which had been always the reality and not
surprising.

But doesn't mean that poor people couldn't jump in into the market and wait up for some good opportunities to make profits too even though not that much but at least seeing some interest or gains
which do counts.

shield132

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Quote from: Newlifebtc on August 24, 2021, 05:52:55 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.

Why will it be for only rich people in near future? Does it matters how much bitcoin can you buy? As long as 1 satoshi doesn't worth thousands of USD, then bitcoin is affordable for everyone. It's not necessary to buy exactly 1 Bitcoin or higher in number but you can start buying from 1 satoshi that is 0.00000001 BTC, worths 0.00052 USD.

Also, just want to note that bitcoin is very volatile and iy's possible everyday to make more than 2-3% profit of capital, this profit especially doubles, triples and even grows when you use leverage.
Just don't forget, you can bet on price drop too

gabbie2010

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Quote from: Dilladupak on September 04, 2021, 09:11:18 AM

Bitcoin can be bought with a small amount according to our abilities, and that can be done by anyone who wants to invest in Bitcoin.
The price of expensive Bitcoin will not make it difficult for poor people to have it but if the price of Bitcoin is getting higher it will make many poor people rich.
With a note, these people want to learn and get to know Bitcoin and Cryptocurrency, because there are many good Cryptocurrency coins and have high potential to be able to change the life and economy of someone who is serious about it.

Some people based the price of Bitcoin as too costly and expensive for buyimg not knowing that it can be bought with any amount of money, even with as little as $5 lthough I see those category of people who lack a depth knowledge of Bitcoin, meanwhile the price Bitcoin wouldn't definitely gone out reach of poor people even as it price continue to rise, and its not meant for the rich alone it is for everyone, for those who has a financial means of buying irrespective be of their status whether rich or poor

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I disagree about this. Because I'm very confident that there will be nothing changing in the future also. Rich people will never own Bitcoin. People buy and sell everyday in this market. There is always a circulation. And it is nearly impossible to see people just stopping to do this suddenly. Rich people will never be able to own all of the Bitcoins in the circulation. They will also sell sooner or later. And the other people will always be able to buy whatever amount of Bitcoin they want.

Issa56

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You don't have to buy one bitcoin you can just buy pair of bitcoin you can just buy any amount you are having because even currently I don't think the poor can buy 1 bitcoin currently because $50k is not a small amount which the poor can afford so you can buy any amount you are having. So even if bitcoin goes to $100k i believe the poor can still buy it.

dezoel

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I think this is a misunderstanding that everyone has, especially the naive people. I have notice that whenever I talk to people about Bitcoin, they might be interested at first, but when they see the price of Bitcoin they will become discouraged to invest in it. So this is a problem that we really need to tackle. It’s high time that will make people understand that no matter the price of Bitcoin you can still invest in it depending on how much you have. Even if the price of Bitcoin is $50,000 today and you have only $1000 you can still go ahead and invest in it.

Price is not a limit. We have seen how the price of Bitcoin kept changing from the year 2009 till now. Take for example: in 2015, when I started Bitcoin and the prize was around $300 I was scared to invest in it because I felt the price was already high, little did I know that the price was moving to thousands of dollars and that's what happened. now if people are going to continue to be scared of investing in Bitcoin just because of the price, then they will be missing a really big opportunity like I did when I was still a newbie.

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Quote from: MartinsCoin on September 04, 2021, 05:30:00 PM

One of the reasons many people still don't invest in bitcoin is lack of knowledge. It is very common for those who are not exposed to bitcoin to think that in order to acquire the asset or currency it is necessary to buy
1 bitcoin, and many do not imagine that it is possible to buy only the bitcoin fraction.

i'm from a third world country and yet the first day i saw bitcoin i had 0% knowledge about bitcoin and yet i just looked at bitcoin at the same time i realized i could gain fractional bitcoin with faucet and i could also buy bitcoin fraction, so I don't see how anyone could not know something as simple as that just by looking at bitcoin

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actually we can not swallow raw the statement but I think it has some truth. but that doesn't mean everyone can't invest in bitcoin, of course they can, it's just that maybe the initial capital of each person will be different according to their abilities. if the capital you have is small then you can invest in btc too and don't have to buy 1 btc. if we can manage the assets we have well then over time it will also pay off and allow us to invest even more.

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