Topic: Is Bitcoin for everyone? - page 5. (Read 720 times)

Bitcoin was originally made for everybody, it is not like a fiat currency that is limited by countries and state border, however not anyone want to learn new things because new technology is risky and not everyone want to take risk. Other than than those reasons, not everyone has access to technology that can support them to own bitcoin like internet and computer, believe it or not in this very digital and modern era, there are some people that still have difficulty to get access to technology.

I was like you in 2016 where I have to sell good numbers of Satoshis for my inevitable needs, there was nothing I could do than to sell for loses and I believe the reason was because I don't have a source of income.

If you have money problem you shouldn't be investing not only in Bitcoin but everything else, stay away from investment until you get a job or some good source of income, investment isn't an investment if you aren't able to hold until you make profits,  as a matter of fact you just throw money away because you sold at a loss.

We are trying to fix problems the wrong way, and it's all about common sense, if you are not financially capable, why get involved in things that will task you for not been financially stable? It's like having no job and getting someone pregnant.

It's not too late as you can still fix this, get a job and start making some money first and use part of your income to invest, this is when you will get peace in mind and you will be able to hold your Bitcoin till the ROI is better for you to take profits.

Bitcoin is actually for everyone, maybe you didn't do the right thing before investing in it. There are rules that you should follow before investing. If you are investing in bitcoin, make sure you don't invest all your money in it. If you can do that, you will end up going back to sell the bitcoin you have bought when you are in need of money, and it's likely to be a loss. Make sure you  invest the amount that you won't be using within a short time in bitcoin. Always have emergency fun that you can always fall back to whenever you are in need of money so that you won't end up selling your bitcoin when you are in need of money. One of the mistakes people make is investing all their money in bitcoin. You can just invest a small amount in bitcoin, you don't have to invest a lot, and then you will end up selling it back later.

Some people don't understand how they are supposed to hold their bitcoin, and then at the end they will end up complaining. If you depend on your bitcoin holding, then whenever you are in need of money, you won't have a choice but to sell the bitcoin that you are holding. But when you have money outside of bitcoin, when you need money, you can fall back to it and make use of it, without even thinking about selling bitcoin.

Some people just hear about bitcoin investment, maybe from friends or on social media, and they end up jumping into it, and they don't know the appropriate things that should be done before investing.

It concludes that you're not prepared for financial possibilities. Especially if you're bad with your own financial management, then hodling up to your sales targets is just a dream. Hodling isn't as simple as you think, investment shouldn't interfere with other parts and vice versa.

You make it sound like Bitcoin is meant for everyone to hodl which is the wrong message to the outside world!!
If you use it solely for investments then it's acceptable to hodl , otherwise you can use Bitcoin simply as a medium of exchange (currency) to have access to goods and services or trying to avoid giving out your personal information if you were to use your bank card.

I honestly don't think it's for everyone, especially if you having total control of it then you need to have about of common sense to protect your coins and need to be in the know when it comes to navigating the cyberworld.. probably the best for Bitcoin are the millenials

To make it clear, OP refers to the decision-making when holding Bitcoin. OP thinks it's not for everyone due to the volatility and the timeframe of how long it takes to make a profit in Bitcoin. Decision-making is indeed a big factor in avoiding selling at a loss in case you need the money. People should be prepared not only in mind but also financially to avoid this kind of scenario.

Bitcoin is not for everyone, there are things to consider prior to investing. Knowledge is not enough as you also have to look into it and see if Bitcoin is a good fit for investment for them.

Is Bitcoin for everyone? In my opinion Bitcoin is not made of everyone one and every investor. Beacose we all know that Bitcoin holding is a game if patience. Without patience you can't do any think in Bitcoin. Beacose the mane game of Bitcoin investment is holding. You can see many people invest in Bitcoin and they left the coin short team or make loss in their investment. They don't do proper analysis of the Bitcoin price movement and Bitcoin psychology. That is the main to make profit in Bitcoin. If proper observation of the price actions of Bitcoin and the market psychology of it then you can make a good profits in Bitcoin. But many invest in Bitcoin the have a wrong think thak if I invest in Bitcoin that is profileable for us but that's wrong. They don't do proper analysis they invest in bearish season it brings loss of thame and many don't have that much Patience to hold Bitcoin. That's the reason Bitcoin not made for everyone.

There can be many reasons why you may suffer repeated losses after investing in bitcoin. All of them have some common problems that can be avoided.
1. Always keep your invested money separate from your required money. So that you don't have any problem in real life to hold Bitcoin for a long time.
2. Don't be too excited to invest. Invest by understanding the market conditions. Always try to buy low and sell high.
3. Gradually increase the amount of money you invest. Take care so that you don't have problems in real life.
4. If you are new to investing, take the help of a knowledgeable person.

Everyone can bring bitcoin; everyone can own it; the difference is that not everyone can earn it. Bitcoin is not to be taken lightly. Before you can earn from it, you need to first study about it; it's not just investing and then hoping to earn, not like that. So for the question, yes, bitcoin is for everyone. Everyone has the right to buy and hold bitcoin, but not all can expect to earn from it. I know many people who got hyped by bitcoin and didn't go well as they entered a world where they didn't know anything. and they regret it. Some get their lesson, but some quit bitcoin. The one who learns from it is now making a good profit, which is great, and the quitters have now found a way to earn. I also have come to that phase where I question myself if bitcoin is meant for me, and I'm still wondering right now, but instead of thinking aimlessly, I still continue finding opportunities through bitcoin.

It is actually confusing to me because the question seems not to align with what I aspected the post to cover. I was expecting him to be referring to the use of Bitcoin, if everyone can access and use it for transaction. Unfortunately, he is just saying it from the aspected of investment where his poor decision made him to lose money.

Anyone can use Bitcoin provided they have the knowledge but not everyone will use Bitcoin.

Who told you that people are not winning tangible profits from BTC investment, or do you think people will start spreading their profits on social media to tell you this is what  they made from their BTC investment, what you need to do if you are not earning well from your BTC investment, just check your capital very well to know the next step to take when another bear appear because if you can increase your capital and hold it long, you will surely get Favour from your BTC investment.


If you want to get it right from your BTC investment, just apply long holding, and don't allow any problem to make you release your BTC until massive pump appear and you are convince that if you sell your BTC you will make a nice profits that will help you to improve financially in your environment.

Bitcoin is open for adoption and use by anyone. However, before making the decision (to adopt or invest in Bitcoin), it's essential to at least understand the potential risks associated with buying Bitcoin. Bitcoin's volatility can be a double-edged sword, offering both opportunities for gains and the potential for losses to its users.

As for those pondering whether Bitcoin's gains are attainable by everyone or exclusive to specific individuals, what I know is that the market fluctuates, moving both upwards and downwards. Prices are subject to fluctuations driven by supply and demand. As for the individuals or groups you may refer to as "whales" or "market manipulators," they remain rather elusive and hidden from plain sight.

Bitcoin is for everyone. The definition is for everyone here, those who want to invest in Bitcoin long term (holding Bitcoin for a long time, up to decades) rather than buying and holding for months, weeks or even days.

And Bitcoin can also be traded by everyone.

If I pay attention to the OP's statement, the OP is disappointed because he experienced a loss when trading Bitcoin. Advice for the OP if he wants to trade. OP can first study and carry out technical and fundamental analysis.

Of course Bitcoin is open to everyone that is willing to learn and be patient with it since it's complicated for first timers. From your experience, it's part of the process to have mistakes like selling at loss, you need patience, if you buy Bitcoin with a certain price, it's just a matter of timing whether you will sell in your target price. If your are aiming for higher price then you could also do long term but I think it's already considered as investment already. Just imagine this, the people you referring that have bought low price and sell with their set price, why don't you do the same, instead of asking if it's everyone? You don't have to totally copy their style but the methods itself, cause for sure they are just like you an average person making their profit in Bitcoin,

Bitcoin is for everyone who is willing to be patient when holding for more than a week or a month, because apart from the luck factor, it really varies from person to person. Basically, Bitcoin holders must be able to exercise patience when buying at low prices for long-term holding purposes, because if you sell Bitcoin and experience a loss due to wanting to solve your personal problems, it is not appropriate for you to blame Bitcoin for this.

Because everyone definitely has problems, even if it's not the same problem, so you need to be patient when facing your own problems and try not to sell Bitcoin carelessly so that you don't experience losses. The basic concept of holding is holding while waiting for a higher price, not like trading where you bought last week and then sell this week. So it seems you still need to understand the basic concept of holding so you don't blame Bitcoin when you experience a loss.

You are right, now I invest in Bitcoin for some future profit. Now if I face financial problems, what should I do if I don't find any solution anywhere? Now I have to sell my bitcoins. Maybe I'm in a situation where I can starve to death, I think it's better to sell bitcoins. Because if it is difficult for me to live now, then what will happen to me with so much profit in the future? However, it does not mean that selling bitcoins cannot be invested later. Of course I can reinvest again. Again I will invest in Bitcoin as per my ability.

You're overcomplicating things TBH.
You sold your Bitcoin holdings at a loss because you want to solve a problem then you'll think, and ask yourself if Bitcoin is for everyone?  

It all comes to timing, and decision. Don't think too much about is Bitcoin for everyone blah, blah, blah. Bitcoin is for everyone, but not everyone wants Bitcoin, or not all has the chance to even accumulate even a small portion of it. Make better decisions on your part. Accumulate Bitcoin again, and instead of asking yourself question like this, make a better strategy, and stick to it no matter what. Don't sell your Bitcoins to solve a problem. Set aside a small portion of your money for that part, and set aside a small portion of your income to be used to buy Bitcoins.

Buying at a low rate, and selling it at a higher rate isn't called lucky, but it's strategy. So you think those expert traders are just lucky if they gain profit with their trades? No they have a strategy that they are following with.

If you sell at a loss or lose money when investing in bitcoin, it is your fault, not bitcoin's or anyone else's. You sell at a loss because you don't have a proper investment plan when you have to sell to solve life problems.

Bitcoin is for everyone, anyone can invest in bitcoin, it does not discriminate on gender, class, or skin color, especially anyone can start with any amount of capital. Unlike other investments that require a certain amount of capital to start.

You can invest in bitcoin, which means bitcoin is for you and whether you win or lose is up to you to decide. Just because you lost money investing doesn't mean bitcoin isn't for you. Don't assume that if you lose money it means bitcoin isn't for you.

Bitcoin is for everyone but unfortunately, not everyone wants to use Bitcoin. It is normal to sell at a loss. Many people have done it before, including me. But if you can learn more about Bitcoin, you will start to learn to give strong-hand investors a try.

You wouldn't sell at a loss just to solve a problem. But you can hold Bitcoin well and only sell Bitcoin when you really can't find a solution. Most people sell their Bitcoins when they are faced with a sudden need that requires money and sell his Bitcoins so they can meet their sudden needs.

Besides that, they will not easily sell their Bitcoins. If the market is declining, they buy Bitcoin instead of selling it. If you are really strong-handed, you will not sell Bitcoin just because you have a loss. You can hold it until the price reaches your target selling price. Be patient for a moment. We are almost there to see a bull market.

Sure, Everyone can invest on Bitcoin but Bitcoin is not for everyone. Not everyone gets what Bitcoin is and has the financial capacity to dive into it. The golden rule of investing is to only risk what you can afford to lose, and sadly, not everyone's living the high life. In places where poverty's a big issue, folks often prioritize putting food on the table over investments, so they're kinda out of the game for now. But let's not forget, countries can turn the tide on their economies, so the door's not closed forever.

There are also people who've got the money to invest but haven't quite wrapped their heads around the whole crypto scene, so it's not their thing either, at least for the moment. What really matters is that the opportunity's out there, and it's just a matter of time for some folks.