If bitcoin go high the poor will not participate - page 5.

BuNga_cute

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Quote from: Spack17 on September 04, 2021, 08:41:22 AM

Bitcoin is not for the poor or the rich. Bitcoin is for everyone and this is never going to change in the future also. Some people still worry about whether the rich can capture all the Bitcoins and there would be no Bitcoin left for the other people. But they shouldn't worry about it. You will always be able to buy whatever amount of Bitcoin you'd like. There is no necessity for you to buy at least 1 BTC etc..

If there are people who think that Bitcoin is only for the rich and the poor cannot participate. I think people who think like that don't really
understand Bitcoin or may be getting the wrong information. This is the importance of learning Bitcoin properly and from a trusted source,
so that we know the reality that Bitcoin is for everyone. I agree that poor people can buy Bitcoin according to their respective financial capabilities,
there is no rule that requires us to buy 1 BTC.

worldofcoins

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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.

I don't think it will be expensive unless they want to feel that they own a full Coin and not a fraction of it.

They can still pay the amount in USD and I'm sure people will charge in bitcoins based on the cost of the local products (most of the time)

Spack17

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Bitcoin is not for the poor or the rich. Bitcoin is for everyone and this is never going to change in the future also. Some people still worry about whether the rich can capture all the Bitcoins and there would be no Bitcoin left for the other people. But they shouldn't worry about it. You will always be able to buy whatever amount of Bitcoin you'd like. There is no necessity for you to buy at least 1 BTC etc..

bitterguy28

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Quote from: dupee419 on September 04, 2021, 06:30:45 AM

I know a lot of replies have the same point as I do, but I can't go on without giving my two cents about your topic, you do have a point about Bitcoin being more and more expensive, I myself have not bought Bitcoin for a while, I earned it, with signature campaigns and bounties, after earning a bit of Bitcoin, I studied how to trade and it worked out well, so, therefore, the thought of Bitcoin not being for the poor is actually not true, you can consider me as a poor guy since I never pulled out money from my bank account, all I did was try to earn and expand, basically, all you have to do is be smart and plan out things well, just be an organized and witty person and you'll be successful.

even how expensive bitcoin is yet everyone can still purchase satoshi right? thatis the reason why bitcoin was divided into Satoshis so even how much the value each bitcoin still people can own satoshi so i don't really think it is the price of bitcoin that matter,
instead it is the trust of people for this on how crypto can go higher or lower, and if we really trust this coin then start buying now and maintain in your wallet.
we are all at the same boat in which cannot buy whole bitcoin but at least we can manage to hold some for our future or our children.

Kittygalore

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Well, that's not entirely true,bitcoin can be subdivided into smaller units if the need to do it comes. Also, if they can't participate right now, there's always some alternatives that they can use to be able to grow their wealth gradually and then move to bitcoin and then grow it more exponentially if they're to be patient for it to go up again.

Hypnosis00

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Quote from: bhooscream on September 03, 2021, 07:24:47 PM

Is it a must to buy 1 Bitcoin? No bro, every people can buy how many they want. As far as I know, we can buy Bitcoin for only about $10. I think $10 isn't a big amount of money, still affordable for all economic classes of people around the world. So, don't be afraid that even poor people can buy Bitcoin. We must know that a higher Bitcoin price, a good sign for Bitcoin to survive a long time. That's a good thing for sure.

When it comes to prioritization, these poor people won't look first to invest In Bitcoin but rather to invest in things where they can generate profit as easily as possible every day. As investing in Bitcoin is higk-risk and it takes time to have some gains, that simply they will never choose it, they simply ignore this. And the more Bitcoin becomes pricey, that actually giving some consideration to choose local investment instead.

It was found to be realistic, even we can buy a few bucks worth of BTC but naturally, these poor people never think this a better opportunity. And we can't hide the fact that only rich people could afford to do this, well, the middle class can do as well but it seems optional.

dupee419

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I know a lot of replies have the same point as I do, but I can't go on without giving my two cents about your topic, you do have a point about Bitcoin being more and more expensive, I myself have not bought Bitcoin for a while, I earned it, with signature campaigns and bounties, after earning a bit of Bitcoin, I studied how to trade and it worked out well, so, therefore, the thought of Bitcoin not being for the poor is actually not true, you can consider me as a poor guy since I never pulled out money from my bank account, all I did was try to earn and expand, basically, all you have to do is be smart and plan out things well, just be an organized and witty person and you'll be successful.

bhooscream

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Is it a must to buy 1 Bitcoin? No bro, every people can buy how many they want. As far as I know, we can buy Bitcoin for only about $10. I think $10 isn't a big amount of money, still affordable for all economic classes of people around the world. So, don't be afraid that even poor people can buy Bitcoin. We must know that a higher Bitcoin price, a good sign for Bitcoin to survive a long time. That's a good thing for sure.

lalabotax

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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.

What do you mean?
Bitcoin can be bought in a small amount of money, too. We don't need to buy 1 BTC if we don't have that money.
Check on exchanges, there are minimum purchases for Bitcoin.

Quote from: Pulsar77 on September 03, 2021, 07:13:14 PM

Actually, this is not a good way of thinking. Because Bitcoin is never going to be special to rich people in the future.

Bitcoin is good for people who are open-minded, have a good strategy, good analysis, good learning process, and also good for someone who has understood about Bitcoin itself. So, it doesn't mean only good for rich people.
Everybody can own Bitcoin.

Pulsar77

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Actually, this is not a good way of thinking. Because Bitcoin is never going to be special to rich people in the future. The poor or the middle class are always going to be able to make an investment whatever amount they would like. There is no such goal for Bitcoin like it is going to be used by only a group of people after a point. If there was such thing, it would be really ridiculous. And the interest in Bitcoin would go down sharply. And this would even end Bitcoin in time.

glendall

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what we know is that bitcoin is in the form of satoshi for the smallest unit, not 1 bitcoin directly and can be bought in 10$ per trade so in my opinion
it doesn't matter bitcoin has a high price i think it's better for bitcoin to keep going up instead of being stopped by poor people.
if a poor person like me will look for an alternative to invest in another coin and convert it to btc when the coin goes up
and i hold my btc until i reach the peak of profit i want

Yamifoud

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May the price really matters? I think everyone has been capable of investing in crypto if they want, that is your decision.
Well, most of the poor people are not investing, that may be the reason that we can say they are hopeless. But actually, it was their mindset that holds them from getting into this. If they look at investing as hard and worthless, then they'll have to help as still been neglected. But if they consider this as an opportunity to help them out from poverty, then they should find a way to make it happen.

Oilacris

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Quote from: dothebeats on September 03, 2021, 06:14:21 PM

It isn’t even necessary to purchase a whole bitcoin when the price is that high. Every bit counts by then, and for sure bitcoin is already an established currency that everyone can and will accept. They can ask for payment in bitcoins if it is allowed, just like what other people are doing right now. Or you can try to allocate a portion of your salary to bitcoin no matter how small that amount is.

The thing is, bitcoin will keep on getting price hikes all the while the poor hesitates to buy. It’s about taking risks and turning them into opportunities which a lot of people do not even dare try to do. Most are affixed to the belief that bitcoin is a get-rich-quick scheme and do not try to factor in the possibilities that there will be losses and bad days. It’s no different than other investments honestly, if we are talking about investing.

Newbie would really be having that perception that they would need to buy a whole coin without considering or able to know that they could buy in small portions or on sats.

Yes,every bit counts and this is should how new people should realize that it isnt really needed for you to buy a whole coin for you to engage or invest into this market.

Knowing bitcoin does really have potential on reaching heights which is i can say to be worth but only invest on the amount that you could afford to lose.

livingfree

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People don't realize that as early as bitcoin was launched and became popular somehow several years ago. It's always been with the poor and everyone who had believed on it had told everybody to buy at least $10 with their money during those cheap price days of bitcoin.

But right now, lucky folks who have listened to those advises probably have sold and multiplied their money and now that it's becoming more expensive, it's not the fault of bitcoin itself that it cannot be bought by unfortunate folks. You don't actually buy it with all that you've got, it's like DCA and accumulating with any amount you've got.

dothebeats

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It isn’t even necessary to purchase a whole bitcoin when the price is that high. Every bit counts by then, and for sure bitcoin is already an established currency that everyone can and will accept. They can ask for payment in bitcoins if it is allowed, just like what other people are doing right now. Or you can try to allocate a portion of your salary to bitcoin no matter how small that amount is.

The thing is, bitcoin will keep on getting price hikes all the while the poor hesitates to buy. It’s about taking risks and turning them into opportunities which a lot of people do not even dare try to do. Most are affixed to the belief that bitcoin is a get-rich-quick scheme and do not try to factor in the possibilities that there will be losses and bad days. It’s no different than other investments honestly, if we are talking about investing.

Irenerty

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There is no strict quantity limit for buying bitcoins. If you trust and want to invest in Bitcoin, you don't need to buy a complete Bitcoin, you can only buy a portion.

Bitcoin provides equal opportunities for all investors, and when its price rises anyone can benefit from it.

sherenikaw

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investing in bitcoin is not that complicated, we don't have to have 1 BTC, we can buy it according to the capital we have. if we really believe in bitcoin then we can invest with the capital we have. so I don't agree if you say investing in bitcoin is not for people who have small capital because everyone can invest in bitcoin if they really want to. with a small capital but if we can handle it well then it will also be profitable. if we believe in ourselves to be able to get the goals that we want, surely all of that will be easily with the perseverance and never give up to keep learning so that we can invest well.

Assface16678

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Bitcoin will always be available to the people, it's just a matter of what time you get into the market, there's 100 million satoshis in 1 bitcoin and I think that even around 10 million satoshis are achievable if you have the determination to buy and accumulate slowly overtime and in the future gain a big profit.

Kusman

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This is wrong. Whatever Bitcoin price is, all people will always be able to get access Bitcoin. It's just the Bitcoin amount changing which is equal to a certain fiat money for example (e.g. $1000). There is no scarcity in Bitcoin amount for people and there won't be. I know that there is a limited supply of 21 million. But it doesn't mean that majority can't have Bitcoin.

DOH!

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I hope, The poor will have to understand that the fiat currencies they are working so hard to get will lose more value to the accumulation they have when the money printers are always on. Instead buy and accumulate bitcoin, which is how they create things of value and potentially help them overcome poverty in the future.
With the development of bitcoin, I believe that in the near future, the mentality of the poor will be like that.

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