Topic: If bitcoin go high the poor will not participate - page 9. (Read 1447 times)
A certain amount of value in fiat currency that you put into bitcoin does not change over time. You could put $1 in Bitcoin in 2012 and you can do it now and percentage wise your rewards are going to be the same. If bitcoin pumps by 100% you'll have $2 and if you did that in 2012 you'd also have $2. It's good to set yourself some goals like the one to reach 1BTC in savings but don't be discouraged by prices. Your profit is proportional to your investment, that's all there is to it.
Where is it said anywhere that Bitcoin was created with 'The Poor' in mind? Ans.: Nowhere. No currency, or investment vehicle is designed with them in mind.
That said, as many have already pointed out if a poor person does desire to invest in BTC they can for just a few dollars. Only problem is that most of 'The Poor' never invest in anything but rather have to spend and live for-the-moment with very little (if any) saving for a rainy day. That's just how Life is.
That said, as many have already pointed out if a poor person does desire to invest in BTC they can for just a few dollars. Only problem is that most of 'The Poor' never invest in anything but rather have to spend and live for-the-moment with very little (if any) saving for a rainy day. That's just how Life is.
if bitcoin goes up poor people won't participate, maybe your review has some truth in it, because poor people like me are very difficult to buy bitcoin, don't buy one bitcoin, even buy half bitcoin I won't be able to, but I will try to rise and I will do everything I can to be able to buy a little bitcoin, for me to make an asset in the future, I really hope for support from friends on this forum to continue to give me direction..
That perception is bad, because it's obvious that weather poor or not if you want to buy bitcoin you will definitely buy it, because bitcoin can be purchased base the amount you have, secondly it's not mandatory that you most buy one btc or buy all the bitcoin, remember that no one is poor, what we need to Excell is plan, with $20 even $10 you can purchase a bitcoin, but people are waiting to accumulate money before purchasing bitcoin, which from my perspective it's totally or absolutely unacceptable by waiting for accumulation of money before purchasing cryptocurrency or bitcoin. 
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 wont able to do so if you are really considering on buying a whole coin which it couldnt really be possibly be bought by most people in the market but we know that we can buy bitcoin in fractions I will like to read and learn for everyone here.
which basically means that poor people could still have the chance on engaging or holding bitcoin even with small amounts if they are intending to make out some investment and thats the beauty of it
which it doesnt really need to buy a whole coin but rather you can accumulate on small parts which should really be sufficient and considerable for most people on the average category in terms of
finances.
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.
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OP, how much is one kilogram of gold worth? Or one metric ton of gold? Would you find that expensive? Still, some people invest in gold, even the "poor".
Please, take more time to think about this.
Bitcoin is the most affordable investment for poor people. Regardless of the dollar amount it costs. You can always buy fractions from it. Unlike absolutely all other types of investment.
You will usually need a series of proofs and documents to invest in stocks, government bonds, stock funds, invest in companies directly or in real estate. Bitcoin simplifies this. You can use a company or buy directly from someone else.
Also, you pay absolutely nothing to store Bitcoin. There is no cost to keep it. And your key to accessing it can be your memory, your phone or paper.
Now, a hindrance of the investment is the transfer cost. The fees to move Bitcoin can really turn off a lot of investors who own no more than $10. This must be one of the biggest concerns of the entire community.
You will usually need a series of proofs and documents to invest in stocks, government bonds, stock funds, invest in companies directly or in real estate. Bitcoin simplifies this. You can use a company or buy directly from someone else.
Also, you pay absolutely nothing to store Bitcoin. There is no cost to keep it. And your key to accessing it can be your memory, your phone or paper.
Now, a hindrance of the investment is the transfer cost. The fees to move Bitcoin can really turn off a lot of investors who own no more than $10. This must be one of the biggest concerns of the entire community.
I'm sure the question was asked before when Bitcoin was a lot lower. Its just perception.
When Bitcoin was at $1 there were many who couldnt fathom buying it at $10, the
same when it went to $10 it was probably unthinkable to buy at $250 and so on.
When Bitcoin was priced at $1000 I didnt even buy a half Bitcoin. There is a phrase
being used more and more its "Stacking Satoshi's", there will come a time when some
people will be stating they are so happy because they have 100,000 Satoshi's.
When Bitcoin was at $1 there were many who couldnt fathom buying it at $10, the
same when it went to $10 it was probably unthinkable to buy at $250 and so on.
When Bitcoin was priced at $1000 I didnt even buy a half Bitcoin. There is a phrase
being used more and more its "Stacking Satoshi's", there will come a time when some
people will be stating they are so happy because they have 100,000 Satoshi's.
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.
Perhaps no need to worry about that mate sice market always plunges after making all time high, wherein if that times happen for sure whales will interrupt again to manipulate the price back to the lower price in my personal opinion . I will like to read and learn for everyone here.
Remember that we are at the buy low and sell high market. so stop assuming when bitcoin price continue to surge it will stay for long time because as long as whales sees that there's an opportunity for them to obtain massive profits it's impossible to happen.
if bitcoin goes up poor people won't participate, maybe your review has some truth in it, because poor people like me are very difficult to buy bitcoin, don't buy one bitcoin, even buy half bitcoin I won't be able to, but I will try to rise and I will do everything I can to be able to buy a little bitcoin, for me to make an asset in the future, I really hope for support from friends on this forum to continue to give me direction..
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.
No, I do not think that poor people can not invest in bitcoin because they can still buy bitcoin with a small amount and buy more if they want to use bitcoin as their investment. If you think bitcoin is too expensive to buy, you can buy altcoin that is not expensive compared to bitcoin. You are free to invest in crypto and how much money you will use to buy bitcoin or altcoin. You only need to remember that you should use the money you can afford and not break your limit if you do not have much money. I will like to read and learn for everyone here.
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 don't need to buy 1 bitcoin to invest, even when you have $100 or $1000, you can invest in bitcoin. however, if the price has gone up, you can buy it bit by bit. however, the type of bitcoin investment is the same as the type of gold investment, you can buy gold per gram, and accumulate it into kilograms.I will like to read and learn for everyone here.
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 will like to read and learn for everyone here.
What we have to understand is that 1 bitcoin is equal to 100,000,000 satoshi, if the bitcoin price is $100,000 and we have only $ 10 money then we can get 100 satoshi or 0.000001 btc, to be successful then we can start with small amount.
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.
Same thought. Also, the circulating supply is limited. Even though it's considered huge, the users are expanding. Demands will be high, and so the price.Still, some indigents have many opportunities and platforms to invest in. Even though Bitcoin might not be used as an investment, it can still be used as a trading partner as it can be converted much easier. Still providing its purpose of convinience.
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 don't need to buy 1 bitcoin to invest, even when you have $100 or $1000, you can invest in bitcoin. however, if the price has gone up, you can buy it bit by bit. however, the type of bitcoin investment is the same as the type of gold investment, you can buy gold per gram, and accumulate it into kilograms. I will like to read and learn for everyone here.
It's actually a wrong perception, people invest according to what there have as capital.
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.
1 thing that i like from crypto investment, there are no minimal limit how much we can buy our coins. I mean we not forced to buy single coin every want to make investment and maybe what limit us only minimal order that can allowed in market. So, bitcoin as long people have access into it they can have it and free to use it to anything they want as long they can do, if want to save little by little is ok, want to buy a single or much coin they can too so bitcoin and other crypto can be adopted by almost every single person as long they can have access to it. Have access i mean about maybe with internet, or any devices or anything that can help us open our wallet or exchanges. I will like to read and learn for everyone here.
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.
That is why every single Bitcoin has been divided into 100,000,000 Satoshis. I will like to read and learn for everyone here.
We don't need to buy 1 Bitcoin if we really needed to invest into it. I'm not holding 1 BTC but I'm holding a portion of it.
Poor or rich, there is no limitation when it comes to investing in crypto. You are equipped with knowledge and you know what you are doing?? You're good to invest already.
Bitcoin is only for the rich people? I disagree with this. I saw Bitcoin at $3,000 last 2018 and I saw Bitcoin at $60,000 this year and there is no difference on what I see it because people can invest into Bitcoin whatever the price is whether it is $100,000 or $200,000 or $1,000,000.
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 will like to read and learn for everyone here.
First of all you seem to assume that everyone is using bitcoin to "profit". That is not he underlying use of bitcoin, for people to "profit". Bitcoin is a decentralized currency that is especially helpful for the poor to use. As others have pointed out, you do not have to buy a full bitcoin, you can easily buy a fraction of a bitcoin. You could use cheaper cryptocurrencies but that would also open you up to more risk as the underlying asset will likely not be as stable as bitcoin, a mature coin, will be.
I can see the point but you will need to convince everyone not to buy BTC or sell for less i order for that to happen. If bigger companies are boarding this ride, it ain't gonna happen.
Remember that the world is shifting into this crypto market. Even if you buy just a little today like $20 worth of BTC and hold it, you won't be left behind anymore.
Worst thing about that perception of being too late for Bitcoin is that turns people towards shitcoins, like it happened to me.
If someone just wants to make a short-term profit then gambling with altcoins can be really profitable, so I can fully understand someone's philosophy to think that they will make money sooner if they invest in something other than Bitcoin. The problem arises when people do not have an exit point, but stay inside even when they could make 100% profit - because then greed comes to the fore, and most ask "why not earn 150% or maybe even more?"
As I wrote in a previous post, people who don't have a lot of money to invest don't see the logic in buying a BTC worth $100 and keeping it for a long time, because even if a price increase of x10, this doesn't bring them any wealth - but if they invest in some altcoin that is worth maybe $0.10 then they have 1000 coins which if they ever increase their value x10 can make a significant profit.
This of course is not advice, but just my observation I gained on the forum and from personal experience with potential crypto investors.
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