Is Bitcoin for everyone? - page 6. | Bitcointalksearch.org

YUriy1991

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Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem.

Whether this is true or not, what I have noticed to date is that there are still investors who still find it difficult to predict Bitcoin (BTC) price movements because of its high volatility. Btw, I have also felt what you feel but that is the real lesson (examine yourself why we are always defeated)

Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Friends, Bitcoin was created by Satoshi as a financial tool that can be accessed by everyone, regardless of background or social status. This means that anyone can have access to Bitcoin and one more thing, don't be mistaken in understanding and interpreting the language "BTC is a scheme for certain individuals" from your writing above, because Bitcoin does not lead to that but is a financial instrument that requires a careful approach and good understanding. I think it's clear enough.

taufik123

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Quote from: Patrol69 on October 21, 2023, 08:36:03 PM

-snip-
By selling bitcoins you can use it for your needs. When the needs are over, when you have money again you can invest bitcoins again. You may have sold your bitcoins at a loss, but the important thing is that you were able to meet your needs with bitcoins. Don't be disappointed if you sell your bitcoins once at a loss, then invest again for a good time and try to hold for a long time, hoping you can make a profit the second time.

I've been there, the most important thing is that your primary needs are met and maybe some ongoing investments can be a lifesaver.
But here we can learn how to do financial management well. Divide between basic needs and investment needs.

Putting money that is not needed for other things in the investment so as not to interfere with the investment.
If investing in Bitcoin for the long term and already getting a profit of at least half of the amount invested at the beginning, it is good enough Or take some of the investment for emergency needs.

Just need to organize financial management well and use a strategy that suits your situation.

Patrol69

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What people save money for, to use that money in times of danger to get out of danger. We invested in Bitcoin and planned the investment for a long term but I don't see anything wrong if at one stage of investing we face a lot of risk and we have to sell our investment to overcome that financial risk. By selling bitcoins you can use it for your needs. When the needs are over, when you have money again you can invest bitcoins again. You may have sold your bitcoins at a loss, but the important thing is that you were able to meet your needs with bitcoins. Don't be disappointed if you sell your bitcoins once at a loss, then invest again for a good time and try to hold for a long time, hoping you can make a profit the second time.

synchronym

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Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

All of us who invest in Bitcoin know that Bitcoin is a long-term project. What we need to have in Bitcoin investing is a lot of patience. If we rush instead of patiently investing Bitcoin then Bitcoin will not be very profitable. There are many people who have little idea about Bitcoin and think that investing in Bitcoin will make them overnight millionaires within a week or a month. If there has been someone who has become a millionaire within a month or six months of investing in Bitcoin, then his luck has been with him. But this is not the fate of everyone, so we have to take time and invest in Bitcoin, otherwise we may face losses.

barisbilgili

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Quote from: Distinctin on October 21, 2023, 04:28:19 PM

This question has been raised a lot of times but still a lot of us here are still confused on whether bitcoin is only for few individuals or everyone is free to engage in it. As for me, bitcoin is open for everyone. We can all invest and trade if we want as long as we are financially capable to accumulate bitcoin. However, my question is will it work for everyone? Will everyone be successful with bitcoin? The answer is NO.

It is true that everyone can invest in Bitcoin, but before they start investing in Bitcoin, of course they are financially capable and have knowledge of Bitcoin so that they can benefit from what they are going to do. I agree with you, not everyone can achieve success with Bitcoin because without knowledge and a strong mentality, of course they will easily give up investing in Bitcoin.

Quote from: Distinctin on October 21, 2023, 04:28:19 PM

Bitcoin is obviously not for faint-hearted and less knowledgeable and inexperienced individuals. Even if you have the money, that will not guarantee success with bitcoin. But if you have the right attitude, skills and adequate knowledge needed to make bitcoin work, of course the possibility to succeed with bitcoin is at its peak.

It takes many processes that must be passed to be successful in investing in Bitcoin because each process they go through will certainly add to the experience and knowledge that we have so that we can achieve success.

angrybirdy

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Quote from: nakamura12 on October 21, 2023, 06:00:35 PM

Yes, it's for everyone who are interested in learning Bitcoin and investing if they want to invest and No, it is also not for everyone because not all people are interested in Bitcoin or cryptocurrency for some reason. Now you know why the answer is both yes and no. Anyway, it's up to you if you also think the same but for me that's my answer and it's also my opinion. We all have different opinions and because of it, we have different answers.

Bitcoin is literally not for everyone, Not all people are interested when it comes to crypto or into different type of investment. That's true that it is free to use by everyone but It's difficult to explain how crypto works over and over again because some people stick to their mind that crypto is a scam just like what they heard and watched on the news. Bitcoin is open for those who want to learn more and have a basic knowledge and understanding of it.

GideonGono

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Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is free to use by everyone, but investment and trading is different from your perspective.
Base on your statement you believe that Bitcoin would make everyone successful by investing and holding them, but it doesn't work that way at least for most of us.
It doesn't work that way, the way you say it makes it sound like you are expecting every investor or trader to be successful because others could pull it up.
Do you think every business owner would succeed because they started their business?

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Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

No, bitcoin, crypto or even the whole purpose of investments is not for everyone. Before entering in bitcoin trading, people need to understand first the security of their device and wallet, safety for their funds. Now if this person doesn't know how a simple send/receive works which some still getting a problem, neither trading or holding should be recommended to them. They will just lose their money snd later on insecure their wallet because of bad practice doing with the device where their wallet is installed.

2Pizza410000BTC

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Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

I think Bitcoin is for those who invest and hold until the investment succeeds. Bitcoin is not for people like us because we have to sell the Bitcoin we hold at any time due to scarcity. There are times when we have to sell where we lose twice as much as we bought. So in this situation I think Bitcoin is not for middle class needy people like us, I think Bitcoin is for those who don't need money.

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Each and everyone who had kept hold of bitcoin have profited. The users who hadn't got profited out of holding were the one who hadn't utilised the holding feature and was in panic. As the market is volatile by it development, there used to be fluctuation and the same causes fear among the people who are new to bitcoin holding. Maybe such situation should've taken place with the users. Apart from this, holding is the best way to profit than making ourselves involved into trading activities and making money. Bitcoin hadn't got restrictions and it is for all. The price looks high and gives a thought only the rich can buy. The reality is different as everyone were able to buy according to their ability and use it.

uneng

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Of course it's not for everyone, because not everyone has the right mindset to invest in Bitcoin, besides being more inclined to another categories of investments based on risk and volatility levels.

However, in OP's case, the issue was planning and organization. If he had planned his investment correctly, he wouldn't need to sell his holdings for a cheaper price than he bought. Rather, he would be still holding for the necessary length of time, doesn't matter if it would take a week, a month or a year. I don't believe Bitcoin is supposed to work only for selected individuals. Instead, it's supposed to work for individuals who have long term goals when investing.

nakamura12

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Yes, it's for everyone who are interested in learning Bitcoin and investing if they want to invest and No, it is also not for everyone because not all people are interested in Bitcoin or cryptocurrency for some reason. Now you know why the answer is both yes and no. Anyway, it's up to you if you also think the same but for me that's my answer and it's also my opinion. We all have different opinions and because of it, we have different answers.

Traderbtcc

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Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Absolutely! Bitcoin is accessible to anyone who wants to buy and trade it. If you're not making a profit, it could be due to your approach to the market. It's important to use spare cash for trading or investing, so you're not pressured to make hasty decisions. Luck doesn't play a role in the market; you have to take full responsibility for your actions. Stay informed and make wise choices!

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Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem.

It is because not everyone is knowledgeable about the Bitcoin market and please don't blame Bitcoin for having no confidence and patience in the Bitcoin market. It is not Bitcoin's decision to make you sell your stash. It is your own action, if only you have enough funds to meet your needs, I know you will hold BTC until you sell at a profit. This gives us a lesson that if we don't have a stable job or source of income, it is really hard to hold Bitcoin for a long term because the same situation like you will happen.

Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is for people who have perseverance and patience. Bitcoin is not get-rich-quick investment and if someone told you that, they may probably want to lure you to a scam investment. It has been proven and stated by lots of people several times that Bitcoin is not a get-rich-quick investment and if you look at the history, people who got filthy rich in their Bitcoin investment need to wait for several years.

Dr.Bitcoin_Strange

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Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Yes, Bitcoin is for everyone, especially you. In the history of Bitcoin, Satoshi Nakamoto did not restrict his technology to being accessible to some categories of people; he designed Bitcoin for everyone, with no restrictions, and anyone who chose to use it was free to do so. When Satoshi created Bitcoin, he said it was to serve as a digital currency and a decentralized means of making payments without the help or involvement of any third party. From the start, Bitcoin was not taken as a means of investment and making profit, but it was after the price skyrocketed that many holders became millionaires and billionaires. That's how and why some people have just cultivated the thought that Bitcoin is only for investment and making profit. OP, if you want to invest in Bitcoin with the hope of holding it for a long time and making a profit, then you should also have other streams of income. If you only depend on your Bitcoin investment, then you will definitely use it up when you have any financial need, but if you have a source of income that you rely on apart from Bitcoin, then you will hopefully earn from there and invest a small amount into Bitcoin. With such an approach to accumulating Bitcoin, you can hold it for a long time.

Furious 7

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Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is not for everyone but bitcoin is only for those who want and those who are serious about being in bitcoin.
You often sell even if it is a loss not that bitcoin is wrong but you are acting carelessly because you already know it is a loss but you are selling at a low price which for this I do not understand what you are doing.

On the other hand, this is not a matter of being lucky or not when buying at a low price but whether or not you can hold bitcoin when you have it. This is an important point because in the end at any price you buy when you are unable to hold bitcoin the result is the same because you only think about selling and selling.

nurilham

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Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

How long do you invest or trade Bitcoin? I think there is something wrong with the way you learn Bitcoin investment/trading. If you learn correctly, you must understand that people hold Bitcoin isn't for weeks or months, they hold Bitcoin for few years. You need to understand the bearish-bullish cycle, so you know when to buy and when to sell your Bitcoin. The cycle returns every 4 years, you must understand how to take advantage from this cycle.

Anyway, why do sell at loss? Do you feel panic or you need to earn money for your daily needs? You need to understand that you mustn't use your main money, or the money for your basic necessities. That's because you will hold the Bitcoin for few years, it is a long time holding. You also need to know that we are still in the bearish season, it is not the time for selling.

Actually everyone deserves to invest in Bitcoin as long as he/she knows how to invest properly. If there are people who failed with Bitcoin, they probably still don't know well about Bitcoin investment. They need to learn more, improve the knowledge!

Distinctin

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Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

This question has been raised a lot of times but still a lot of us here are still confused on whether bitcoin is only for few individuals or everyone is free to engage in it. As for me, bitcoin is open for everyone. We can all invest and trade if we want as long as we are financially capable to accumulate bitcoin. However, my question is will it work for everyone? Will everyone be successful with bitcoin? The answer is NO.

Bitcoin is obviously not for faint-hearted and less knowledgeable and inexperienced individuals. Even if you have the money, that will not guarantee success with bitcoin. But if you have the right attitude, skills and adequate knowledge needed to make bitcoin work, of course the possibility to succeed with bitcoin is at its peak.

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Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem.

This varies per situation of the holder. Just like your example, you were about to profit but you have to sell because of some important matters and that's fine. If Bitcoin isn't for everyone then your money has gone away and you go home with nothing and yet, you were able to still sell those and you got that cash for solving that problem of yours. The help was there although you were in a loss during that time but, you were still to trade and sell it.

Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

It is, but when you invest you need to consider that you don't all in on it. Learning from the situation that you have been before, that's why I am telling you and other new investors to just invest what you afford to lose so that you won't sell when you're in dire need because this is all what you've got.

BitcoinPanther

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Quote from: Pablo-wood on October 21, 2023, 12:50:24 PM

I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is intended to be used by everyone as a currency and be a mode of payment but it is not for everyone in terms of investment and trading. Bitcoin market is highly volatile and often unpredictable so it is not for people who don't have enough money to hodl and wait for months or years to gain profit. It is also not for people who are aiming to get rich quickly, it needs patience to see a desirable profit. It is not for lazy people who has no intention of learning its market and hope that they will profit.

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