Topic: If bitcoin go high the poor will not participate - page 7. (Read 1374 times)

You don't need to purchase 1bitcoin to benefit from it's volatility even with the little you can afford  provided it's a reasonable amount. There is nothing like been late or unable to purchase. It's similar to a physical business vendor who operates their business with the available capital the can afford and come to think of it even if one can afford to buy 1bitcoin such will still not be satisfied

Already not everyone can invest in btc as the price is too high for some people, then imagine if btc manage to hit the 100k target, only few will be able to afford btc by then, but the good thing is, we don't need to buy a whole btc before anyone can invest but the sad thing will be that the price of a sat will be high as well, $200 worth of btc when the price is 100k will be very less than what it is now, the higher the price,  the less people can afford to buy.

If you are thinking about the possibility of buying a single bitcoin then bitcoin is already only for the rich, after all do you think those that are part of the middle class have 50k on their bank account ready to just buy bitcoin? Of course not, however that is not a problem, the ones that are poor will not buy bitcoin as an investment they will just use it as a currency, and with the lighting network and its low fees then they will be able to buy what they need with bitcoin.

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.

As what TheBeardedBaby said, you don't need a whole coin. You might not own a whole bitcoin, but let me tell you that you own more than 1 satoshi for sure.

No need to pressure everyone into buying one whole Bitcoin. Maybe in the future, someone would ask the same thing as you but this time it would be that they're concerned of people not buying a single sat.

Dear, of course, a great opportunity is going to be missed by the poor, many people in developing countries do not believe in bitcoin as an asset, but I am sure that one day they will all be upset, I Why didn't I invest? Do you know why I like bitcoins because I can buy them according to my value, I buy in parts as much as I can afford

There are 100,000,000 sats in 1BTC. It’s perfectly viable for the poor to buy bitcoin, you don’t have to deal with full bitcoins.

Anyone has the same opportunity to invest in bitcoin, anonymous systems work effectively in crypto, poor people of course still have money, if we have $50 or even $5 or $10 then we can buy bitcoin, and the next step is just to be patient waiting for the price to skyrocket.

If your only motive is to invest only then the price of Bitcoin isn’t a big issue.
Right now when BTC is at 50k USD, no one is buying whole BTC.
You can buy a small amount of BTC and can trade and earn profit.
No one will be never bounded by the price of BTC if it rises.
Hope you understand this OP.

They can participate just like what the other companies did to the salary of their employers where they can choose between two options whether they get their salary as bitcoins or cash. If I was given a choice like that, I would have chosen bitcoins since I also have another source of income which can be used to pay for my essential and utilities. I'll hold it for about 4-6 years and maybe withdraw it on another ATH just after the bitcoin halving is done. As we can see, whenever it happens, we see another new ATH. so, it's reasonable to hold up to that long whenever you can.

They can still participate, there's a reason why you can't buy a bitcoin as a whole, poor people can always buy a fraction of those bitcoin and depending on how early they enter, that small fraction that they've bought will be worth more than their initial capital and even more than they've expected.

Agree to this because as long as you have money, no matter how small, you can buy a bitcoin. But if you want to make a lot of money out of it, you'll need a lot of money. This doesn't mean that the poor can't afford it; we don't know if he has that much money because he won the lottery or something else. Simply use people who do not have money to buy bitcoin, rather than the poor, because the term "poor" is very broad.

Exactly. This is one of the good things bitcoin offers. It is inclusive - anyone can invest as long as you have the knowledge and capital, may it be big or small. You can buy in installments and you have the authority on when to invest, how much to invest, how long you will hold, and when you will withdraw (all-out or partial of your fund).

This is the biggest difference of investing in bitcoin compared to investing in other investment vehicles. You have the autonomy and it doesn't enclose you to a fix or maintaining balance unlike that of investing and saving in other platforms such as in central organizations. You can buy whenever you want. You can wait the market to be bearish to enter. You can withdraw a portion of your fund or all of it if you want to. And you can hold it for a very long time and your funds will still remain in intact. Just make sure to secure your accounts information because once you have forgotten it, it will be hard for you to access it.

So, I don't think if bitcoin's value will be higher, the lower bracket cannot enter anymore. Remember, bitcoin is volatile so its price can always change depending on the season and market flow of course. One must just have to be smart, strategic, and must have a good timing to be able to buy low, sell high.

Because we are still in an uptrend. Bitcoin can hit 100k or more. Therefore, it is better that people with difficult or normal finances can accumulate it as a net asset for long-term purposes. In fact, bitcoin is currently quite expensive for ordinary people in developing countries. 1 Bitcoin can buy a house in my country. Sometimes I wish I could turn back time trying to buy cheaper bitcoins but no one knows where the bitcoins are going.
Personally, I can only accumulate 0.02BTC per month when I receive my salary from my job.

I dont think so becuase there is no minimum amount to buy the bitcoin. No one needs to buy the whole bitcoin or even 0.001 btc there is no minimum requierement. Bitcoin can be bought even with only 1$ doesnt matter how much price the bitcoin reaches.

That is why bitcoin is composed of SATOSHI's meaning if one cannot afford whole bitcoin then he can buy satoshi to be part of the system.
never underestimate the poor because if they want to partake surely they will find way to get in.
and besides it is not the whole bitcoin is needed to trade , the smallest part are enough to make people use this coin and that is satoshi.

So, should it be kept low for the poor to participate?
 It's never to late to invest as long as Bitcoin keep growing and making progress. It's not like not having enough money to buy expensive food, Or not having enough food to eat because the foods are expensive. If you invest any amount in Bitcoin today it will worth more in the future if you are patient enough, you can use that profit to take care of your needs in the future.
It doesn't become expensive except you are too focused on owning 1 or more bitcoins.

I am not sure about that. I think it's not a matter of price but it is a matter of benefits. If people keep using fiat they will keep experience inflation. Their money's value will be decrease but if they buy bitcoin they automatically escape from inflation. No matter how small their money that invested in bitcoin, it is still grow day by day. If they use fiat then they suffering financial loss for about 2%-5% every year but if they invest in bitcoin then their money value will increase atleast 300%. I am not saying that they have to invest all of their money but atleast some of their money so they can improve their live and not being poor anymore.

I'm very surprised that your point of view can still receive Kingsden's merits, you have already stated your position. You want to get more bitcoins, so you want the price of Bitcoin to be lower, but from the point of view of the problem itself, bitcoin does not impose any restrictions on people. What is wrong is not the price of bitcoin, what is wrong is your desire . Your mentality is not correct. Like the Bitcoin forum, there is no discrimination, no ethnic hatred, and no borders. Bitcoin embraces everyone. If you are a speculator or a liar, then you are definitely not liked

It does not matter if a person is rich or poor, as Bitcoin is for everyone. Everyone can afford to buy a at least some sats, there is no need to but whole Bitcoin at once. Of course if a person barely make ends meet wont buy a Bitcoin. But such people dont think about investment at all.
Also the trick is in topic name. If the Bitcoin coin always go high, then why not skipping chance to increase investment? Whether it cost $1k or $1kk, invested $1 today, tomorrow will be worth $1+.