If bitcoin go high the poor will not participate - page 6.

Tumanggor

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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.

don't assume that all old or new investors have to buy 1 bitcoin
everyone of course can buy Bitcoin with a capital of $ 5 or $ 10 now

the price of bitcoin will continue to potentially rise and buying btc when the price is below $100k is a fortune
I hope many people who want to buy bitcoin realize that

Kasabus

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Quote from: swogerino on August 26, 2021, 07:07:57 AM

There are lots of ways for the poor to participate and I have a few friends from India who do so,they can claim a lot of faucets daily,watch videos,do the Paid to click sites and so on,they have a section here in the forum called "Micro Earnings" which is exactly for people looking to start and find new ways to make some extra money.Beside this I think everyone or almost everyone has at least a decent GPU-graphic card to try and mine some altcoins and keep them in their wallet.

And last but not least as already said anyone can buy as little as they want,usually 0.0001 Bitcoin as a minimum which is near 5 dollars right now.

Bitcoin is really expensive compared to other crypto coins but knowing how high its profits will be, then its always a must buy. While you are earning to buy a whole bitcoin, maybe getting a portion of it is already good as long as you can manage the amount once its lose. But investing in bitcoin for long term will definitely give you more assurance to be profitable as long as you're patient enough to wait for its price to surge high.

Bitcoin is not made for rich people but definitely for everyone in the community. The poor ones may find it hard to start buying bitcoin but if you really want to invest in a promising coin, the price is worth the risk. There are a lot of ways to earn bitcoin. Just explore the whole crypto market and you'll eventually discover that there are plenty of opportunities around.

swogerino

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There are lots of ways for the poor to participate and I have a few friends from India who do so,they can claim a lot of faucets daily,watch videos,do the Paid to click sites and so on,they have a section here in the forum called "Micro Earnings" which is exactly for people looking to start and find new ways to make some extra money.Beside this I think everyone or almost everyone has at least a decent GPU-graphic card to try and mine some altcoins and keep them in their wallet.

And last but not least as already said anyone can buy as little as they want,usually 0.0001 Bitcoin as a minimum which is near 5 dollars right now.

carrigan

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In my opinion if the price of Bitcoin goes up, we don't have to buy a whole 1 coin. We can buy Bitcoin as little as we can afford. It doesn't matter small or big capital, rich or poor, the important thing is that you know the right strategy to adjust the situation. Maybe the opportunity for rich people with large capital is greater, but this does not rule out those with small capital.

EvieLannister

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The poor will not choose to invest unless he has learned the skills of investment. Otherwise, he has no extra money to invest.
Bitcoin can be divided very small. No matter how many assets you are, you can invest, as long as you have an adventurous spirit and the principal of the investment.
Investing in Bitcoin is more cost-effective than investing in other stocks.

slaman29

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Quote from: newwest on August 25, 2021, 12:27:04 PM

Why will poor people not participate if bitcoin price goes higher. They can continue to buy the same amount they used to buy before only thing is that the bitcoin qty will get reduced due to higher price. Since it goes upto 8 decimal places so they will still get something even if they buy worth of say 100$ only. Infact what I have seen is that people become more active when its higher price as they feel it will rise more.

The poverty line is $2 a day. If you earn $2.01 a day you only earn $60.30 a month so you are living above poverty line and are therefore not "poor". And you are talking about "only" $100?

You do realize also now that 200,000 satoshi = $100 and if you want to buy, you have to pay commissions and then withdraw, most places and exchanges will charge at least 10,000 satoshi or $5 in fees right?

The Cryptovator

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It's not true poor can't buy if the price goes up. But you are right, they will not buy. Here is the difference, can't buy and will not buy is different things. Those who are familiar with Bitcoin know-how are it possible. Since there is a Bitcoin unit called a satoshi, means a poor guy would buy a lower amount as they want. But depends on their faith in Bitcoin. Once the Bitcoin price will higher, then a dump fear will work. So most likely that's why poor guys will not buy. But technically or financially, they can't always afford to buy small amounts. It's just a matter of interest.

lienfaye

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

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.

Well, for investors who bought their bitcoin at low price, the movement upward of bitcoin is what they anticipate because thats how we can earn with our investment.

Just like the what other user's said here, you dont need to buy a whole bitcoin, you can buy with fraction. So before the price increase further its better to buy already. Plus even you're a poor (but you really want to invest on btc) you can find way to invest by working hard to get a pay check and invest some portion of it in bitcoin.

Kiley33

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You can accumulate less and make more. Bitcoin can be invested in small amounts.
You can invest 10,000 at a time or 100 at a time.
As long as you have, you want to invest. Bitcoin has many rewards.
Learn to invest.

awik p

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Quote from: chichigirl on August 25, 2021, 08:20:51 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.

You can have some part of BTC as the investment if the price is too high. You are right only rich people can buy 1BTC but still some can affort a small percentage but they need to learn more about BTC first before buying BTC because even a small amount to every person is very important.

if you dream of buying 1 full btc maybe only certain people can buy it, but we can buy bitcoin fractions as much as we can and that's where the convenience of using bitcoin is, and when the price goes up our assets will also go up according to the percentage increase, so don't worry about starting to invest

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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.

You can have some part of BTC as the investment if the price is too high. You are right only rich people can buy 1BTC but still some can affort a small percentage but they need to learn more about BTC first before buying BTC because even a small amount to every person is very important.

Vaskiy

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We have the access to buy small denomination, but people will surely won't consider much on it. By that time we can see poor people moving towards something else, particularly on altcoins. Even now specific group of people concentrate much on altcoins that are priced low against the high priced coins for investment, trading and long term profiting.

Artemis3

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The entry is the satoshi and the satoshi is cheap and will remain accessible for a good while.

Unlike certain NFT "game" that to start playing you need today like 700 USD...

The word bitcoin, as a monetary amount, simply means 100 million satoshis. As you should all know the actual bitcoin does not exist in code, only the satoshi.

Besides you can do nothing about it. The holders and the market have the last world. Its not Bitcoin's fault that anything else is going down around it. People are learning about fractional reserve banking and debt based economy with their trash money that is collapsing.

The Canadian gov is too worried that people have too much in savings... If i were them, i wouldn't hold to those dollars long, who knows if tomorrow their gov decides to make them all poor faster than what they expected?

The USD is collapsing, and will pull all the others with it. Your time to opt out may be running out. Once its happens, its too late.

imstillthebest

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i guess thats not possible for btc to remain low because if its low , many people will also buy so its value could still rise but no worries when btc is at the top because many people will also sell later on and as a result btc can go back again at a lower value and that is the time that poor people can re participate .
they maybe poor but i know a lot of poor are willing to loan and take risk when they hear that something is profitable .
some of then can still be able to buy btc even if its not low

Traderbtcc

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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.

I was thinking this way at one point in time, but then later I realised that it's not about owning 1 full bitcoin, but about how many sats you can stack for yourself and your kids even owning 1 millions sats is enough, it's not about who owns the most bitcoins or having 1 whole bitcoin, lastly it's better the value of bitcoin keeps increasing compared to fiat which the purchase power keeps reducing everyday.

ccFOUND

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Bitcoin's denomination gives its buyers an opportunity to buy even the least of it (Satoshi) for less than a cent, and we know that nobody is going to invest such small value as they will also try to accumulate through chunks of $1 to $10 and even more. If we speak about trading BTC for alts on exchanges to make more BTC, then your statement suits as a correct example because some of the best exchanges have set higher limits, both for buying BTC and then buying alts with it. In that case, it can be said that BTC has gone out of reach of some people because they missed the opportunity and it is now Big Man's Show.

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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.

Why you guys keep on thinking that the bitcoin is only for rich? when it was cheap and everyone shouted that they should invest by that time, they don't pay attention to it. And now that it's gaining its value and its price is increasing, you have nothing to say but it's expensive. You can still buy it with any amount that you wish for as long as it's under the minimum amount of those exchanges.

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

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 is the best that bitcoin will go as much as it can and sky is the limit so that everyone who invests on it will have their greatest return and asset of their lives.

verita1

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If bitcoin reaches its highest peak of $ 100,000 it is still good for the poor. Why not?
It is better for them to invest in bitcoin than to make it in their own banks. It is also better to receive their salary in bitcoin than in US dollars or euros.
IMO, although the price of bitcoin could be very high, it is also good for them, I trust it because I am poor and I live in a country with inflation and I have overcome the problem.

Let's keep our attention in the country of El Salvador where bitcoin will begin to be a payment alternative as legal tender that will come into effect on September 7 and as we know that the population of that country is mostly poor but with a powerful ally that it will be BTCitcoin.

DarkDays

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Here are a few of my responses to this: If BTC goes higher the poor will not participate!

1) BTC is open to everyone to participate, all you need is internet connection - doesn't discriminate against the poor

2) BTC is a digital currency with the benefit of not needing to buy a whole coin, and so smaller fractions can be attained - thus, BTC is affordable to all pocket sizes

3) The poor will probably not think of investing as they'd prioritise day-to-day existence (which is not as easy as for others more privileged)

All in all, while BTC is considered a hedge against inflation, its appreciation in future value would only benefit those who risked it at the beginning, regardless of the social class.

Yes, there will be individuals that could afford more BTC and that may lead to a wider inequality gap but unlike anything else before it BTC in a way provides an equal opportunity to all.

Shenzou

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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.

The thing about bitcoin is that you don't need a fortune to invest in it or buy it, sure that investing thousands will net you some good profit whenever the prices go up, but investing some small amounts ever so often is a good way to go about it, for example you could start saving money that you would spend on entertainment stuff and put it back to bitcoin instead.

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