Is bitcoin really not for everyone? - page 2.

Mahanton

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Quote from: dothebeats on August 14, 2023, 12:42:22 PM

Quote from: uswa56 on August 14, 2023, 11:50:53 AM

Quote from: cheezcarls on August 14, 2023, 09:14:15 AM

It’s for everyone but not “everyone” can be pleased or appreciate Bitcoin as we all are having different opinions, insights, criticisms, etc., about it.

Like my own uncle. Although he acknowledged Bitcoin, but he does not like it. I didn’t even convinced him to explore Bitcoin and the crypto world.

One time, his daughter (my cousin) shared to me that she wanted to get in to Bitcoin, but the problem is that she listened to her father’s advice about being against it due to high risks.

But my dad? It took him years (didn’t convinced him) until he suddenly talked to me about buying Bitcoin and I educated him about the risks. And you know what? He acknowledged and decided to buy some of his little money to BTC and hold it. I only guided him about the basics of crypto wallets, depositing BTC, etc.

Of course everyone has a different point of view and I don't blame those who don't like Bitcoin like your uncle, maybe he avoided too much risk so he decided not to get into Bitcoin.
And your father, maybe he also has a very different perspective from your uncle and also sees a promising future, but I think your father is a smart person who wants to get into Bitcoin even though you have explained the big risk.

The point is I think, this bitcoin can be for everyone, be it trading or investing, this can cover all people because we can buy Bitcoin with only a few dollars.

It is for everyone with the capacity to trade and invest. However, it is not accepted by everyone due to the risks and their lack of knowledge regarding bitcoin and the system. It's like it is open for everyone but not everyone will have the interest to dive into it, not because it is not out there for them but because they either have no money for it or they just don't want to. It's honestly as simple as that.

These would be the possible things;

1. No interest
2. Government regulation
3. Didnt been able to hear off
4. Trusting fiat before anything else
5. Doesnt have the money to invest

Its true that its is really for everyone, it is really just that there are things in life that its inevitable and there's nothing we can do but to deal up with it.Just like on having no money to invest.
If you dont have money then there's nothing you can do but to deal up with the things that you do have in front and missing out those opportunities. Yes, its sad but there's nothing
we can able to do to engage on.

Captain Corporate

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Sometimes its hard to understand something, and when you do not understand it, you just do not understand it. But when you are capable of understanding it then it becomes easier. This is basically the same concept, bitcoin is for everyone and I mean literally every single human on the world but sometimes people do not really understand the situation. This should be the important difference, if they do not understand it, or understand why bitcoin is amazing, they end up not buying it. If you ask me, I would very much rather get rid of fiat currencies all together and just have bitcoin alone, not even other coins neither, fix the transaction fee issue and speed, and only have bitcoin globally.

Ryu_Ar1

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Quote from: Kasabus on August 14, 2023, 04:58:39 PM

I always believe bitcoin is for everyone but after witnessing a lot of people end up failing and losing big time from investing in bitcoin, now I can say that bitcoin is definitely not for weak and easily fainted individuals. And those who have been highly spirited and well motivated to invest in bitcoin despite of its high and inevitable losses, those were the ones brave enough to establish their faith in bitcoin.

I actually don't really agree with this because for me bitcoin is only for people who want it.
Even though the concept for everyone is not wrong because in the end this is in bitcoin there are also no certain restrictions for some groups because we are all here but on the other hand we must also be aware that not all like bitcoin and even there are still many disagreements about this so there is no need to force the will by making this apply to everyone.
On the other hand, even though in the end there will be many people who are in bitcoin regardless of their intentions for what but I think bitcoin will ultimately only be owned by people who understand well about what the purpose of bitcoin is like.

GiftedMAN

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Since Bitcoin is a better option than fiat and fiat is generally accepted by everyone because it is used for payment for goods, services and more, I believe Bitcoin will eventually be for every one once it is generally accepted like fiat but right now, Bitcoin becomes for everyone in a country where it is widely accepted and accessible by everyone but in a country where it is seen as illigal, it becomes for few individuals who understands it's value, usefulness, and those who are digitally inclined who understands the importance of total control of their finances and those who values security and privacy.

Compromise me

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Bitcoin is my favorite currency ,But Bitcoin is not safe for everyone, one should invest in Bitcoin, if someone is ready to lose his money invested in bitcoin. Because Bitcoin price can go up and if millionaires will raise and if we see dark side of investing in Bitcoin, Bitcoin produces bankruptcies if we lay all money in Bitcoin. Because crypto can be crash at any time, it is not
Trust able investment. We can invest in real estate, gold ,silver and other costly metals and we can buy businesses which we understand and Work on it and after we can sale it. For average person, Bitcoin is not safe, if someone has no knowledge about Bitcoin. For average person, gold real estate and silver investments are best.

zaim7413

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Bitcoin is only for people who accept Bitcoin, no matter how hard you try to explain all the advantages of Bitcoin to people who are still closed to bitcoin, they will never believe everything you say. Awareness of Bitcoin will grow naturally when they are aware of all the advantages and conveniences of the transactions offered, that's when they will become part of the people who have accepted the presence of Bitcoin.

There are always pros and cons to everything related to the place where their assets are stored, the principles of different people will produce a beauty that will be debated for those who accept and reject its presence. Bitcoin will never die even though some people cannot accept its presence, but the great people in the world with the wealth they have have kept some of their money in Bitcoin. I feel lucky to know Bitcoin at this age, even though I haven't made much from investing in Bitcoin, the presence of Bitcoin has made me more active in setting aside money to save in Bitcoin.

Kasabus

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I always believe bitcoin is for everyone but after witnessing a lot of people end up failing and losing big time from investing in bitcoin, now I can say that bitcoin is definitely not for weak and easily fainted individuals. And those who have been highly spirited and well motivated to invest in bitcoin despite of its high and inevitable losses, those were the ones brave enough to establish their faith in bitcoin.

Kelward

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Quote from: The Cryptovator on August 13, 2023, 05:51:26 PM

How would you react if I mentioned that Lamborghini isn't meant for everyone? It's a fact, isn't it? Although it's accessible to those with sufficient funds, it's not within my reach due to my financial situation. Similarly, while Bitcoin is accessible to all, not everyone can afford it. Despite its positive attributes, Bitcoin also carries potential risks. Its price can plummet unexpectedly, leading to prolonged waiting periods for recovery. In such instances, even though Bitcoin is accessible to everyone, it might not be suitable for everyone.

True, it's just like comparing wants and needs. People want many things in life, but they don't have the means to achieve it, while needs are necessities. So it's left for the individuals to make decisions to determine what will be top priority to them and pursue it. So if bitcoin or cryptocurrencies as the case may be, is ones preference, then the person needs to diligently learn about it and decide if he has the capability to engage in it. Whether someone sells the idea of bitcoin or the person researches or even stumbles on it by chance, it will eventually come down to choice and capability to determine the person's decision.

CryptoHeadlineNews

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Quote from: Rupok on August 14, 2023, 12:59:28 PM

It is not mandatory for everyone to use Bitcoin but if anyone wants to use Bitcoin there is no restriction. Anyone can use Bitcoin. Bitcoin is open to everyone and everyone has the freedom to invest since Bitcoin is decentralized. Bitcoin is mainly used by people to earn some profit also people use bitcoin to get rich easily.

I disagree with you on this very statement of yours where you said people use Bitcoin to get rich easily because though Bitcoin is a decentralized digital currency that provides us the ability to have control over our finance, it's not an investment or currency that makes people rich easily. Because by that statement "Get Rich Easily", it implies whoever invest in Bitcoin is likely to get rich in either next 1 week, month or a year time, which is not how it works, because it took Bitcoin more than 6yrs for rise from zero to a thousand dollar, and as such, it will definitely take time to make reasonable profit from a Bitcoin investment.

Rupok

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It is not mandatory for everyone to use Bitcoin but if anyone wants to use Bitcoin there is no restriction. Anyone can use Bitcoin. Bitcoin is open to everyone and everyone has the freedom to invest since Bitcoin is decentralized. Bitcoin is mainly used by people to earn some profit also people use bitcoin to get rich easily. But those who have little knowledge about Bitcoin and feel high risk should learn Bitcoin well before investing.As the cryptocurrency market is always very volatile, everyone needs to invest with patience.

dothebeats

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Quote from: uswa56 on August 14, 2023, 11:50:53 AM

Quote from: cheezcarls on August 14, 2023, 09:14:15 AM

It’s for everyone but not “everyone” can be pleased or appreciate Bitcoin as we all are having different opinions, insights, criticisms, etc., about it.

Like my own uncle. Although he acknowledged Bitcoin, but he does not like it. I didn’t even convinced him to explore Bitcoin and the crypto world.

One time, his daughter (my cousin) shared to me that she wanted to get in to Bitcoin, but the problem is that she listened to her father’s advice about being against it due to high risks.

But my dad? It took him years (didn’t convinced him) until he suddenly talked to me about buying Bitcoin and I educated him about the risks. And you know what? He acknowledged and decided to buy some of his little money to BTC and hold it. I only guided him about the basics of crypto wallets, depositing BTC, etc.

Of course everyone has a different point of view and I don't blame those who don't like Bitcoin like your uncle, maybe he avoided too much risk so he decided not to get into Bitcoin.
And your father, maybe he also has a very different perspective from your uncle and also sees a promising future, but I think your father is a smart person who wants to get into Bitcoin even though you have explained the big risk.

The point is I think, this bitcoin can be for everyone, be it trading or investing, this can cover all people because we can buy Bitcoin with only a few dollars.

It is for everyone with the capacity to trade and invest. However, it is not accepted by everyone due to the risks and their lack of knowledge regarding bitcoin and the system. It's like it is open for everyone but not everyone will have the interest to dive into it, not because it is not out there for them but because they either have no money for it or they just don't want to. It's honestly as simple as that.

uswa56

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Quote from: cheezcarls on August 14, 2023, 09:14:15 AM

It’s for everyone but not “everyone” can be pleased or appreciate Bitcoin as we all are having different opinions, insights, criticisms, etc., about it.

Like my own uncle. Although he acknowledged Bitcoin, but he does not like it. I didn’t even convinced him to explore Bitcoin and the crypto world.

One time, his daughter (my cousin) shared to me that she wanted to get in to Bitcoin, but the problem is that she listened to her father’s advice about being against it due to high risks.

But my dad? It took him years (didn’t convinced him) until he suddenly talked to me about buying Bitcoin and I educated him about the risks. And you know what? He acknowledged and decided to buy some of his little money to BTC and hold it. I only guided him about the basics of crypto wallets, depositing BTC, etc.

Of course everyone has a different point of view and I don't blame those who don't like Bitcoin like your uncle, maybe he avoided too much risk so he decided not to get into Bitcoin.
And your father, maybe he also has a very different perspective from your uncle and also sees a promising future, but I think your father is a smart person who wants to get into Bitcoin even though you have explained the big risk.

The point is I think, this bitcoin can be for everyone, be it trading or investing, this can cover all people because we can buy Bitcoin with only a few dollars.

Lorence.xD

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Quote from: raidarksword on August 14, 2023, 03:01:31 AM

I don't agree at all because bitcoin is for everyone, from all walks of life you can have it in any amount you want and that's what makes it special, for everyone can adopt whatever amount. This was created for the people in order to achieve financial freedom and not be controlledby the government or any organizations. Adoption and education is what we need to make it global currency.

Bitcoin is actually open for everyone or they have the freedom in Bitcoin since it's decentralized. They are also free to learn and study Bitcoin as well since you could already search up some information and knowledge in the internet. But those "everyone" we referring are not all willingly to learn it due to many reasons, it can be they don't have enough time like schedule from work which is very hectic, too old to understand crypto like they don't understand technology stuff, might be too complicated for them and especially the money to invest. So these examples shows that Bitcoin is free but not really for everyone, if you really don't feel doing some crypto shts like you have been pressured to do it, isn't still for you? There's a wide alternatives than Bitcoin or crypto so if it's not for you, then its not.

uneng

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Quote from: cheezcarls on August 14, 2023, 09:14:15 AM

It’s for everyone but not “everyone” can be pleased or appreciate Bitcoin as we all are having different opinions, insights, criticisms, etc., about it.

Like my own uncle. Although he acknowledged Bitcoin, but he does not like it. I didn’t even convinced him to explore Bitcoin and the crypto world.

One time, his daughter (my cousin) shared to me that she wanted to get in to Bitcoin, but the problem is that she listened to her father’s advice about being against it due to high risks.

But my dad? It took him years (didn’t convinced him) until he suddenly talked to me about buying Bitcoin and I educated him about the risks. And you know what? He acknowledged and decided to buy some of his little money to BTC and hold it. I only guided him about the basics of crypto wallets, depositing BTC, etc.

I believe Bitcoin is disponible for everyone, but indeed it's not for everyone, because some people are too closed minded regards innovations and changes (like your uncle), so they are likely to never give up their old ways of doing things to adopt new ones, unless they feel it's extremely necessary.

Good news is that most people aren't freezed in time, so they can always adapt themselves to the environment where they are inserted, just like your father and your cousin did, developing and expressing a legit interest for Bitcoin.

Now it's your task to remove the first bad impressions they had towards Bitcoin through the media and other people in the past.

cheezcarls

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It’s for everyone but not “everyone” can be pleased or appreciate Bitcoin as we all are having different opinions, insights, criticisms, etc., about it.

Like my own uncle. Although he acknowledged Bitcoin, but he does not like it. I didn’t even convinced him to explore Bitcoin and the crypto world.

One time, his daughter (my cousin) shared to me that she wanted to get in to Bitcoin, but the problem is that she listened to her father’s advice about being against it due to high risks.

But my dad? It took him years (didn’t convinced him) until he suddenly talked to me about buying Bitcoin and I educated him about the risks. And you know what? He acknowledged and decided to buy some of his little money to BTC and hold it. I only guided him about the basics of crypto wallets, depositing BTC, etc.

Blitzboy

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Quote from: Awaklara on August 14, 2023, 03:37:30 AM

Quote from: Xampeuu on August 14, 2023, 01:44:29 AM

actually bitcoin is for everyone and all groups considering that it is the same as the currency that we use every day, it's just that at this time the fact is bitcoin is not for everyone, considering that many people are disappointed after investing and experiencing losses and looking for profits from bitcoin this is what is currently becoming the main purpose of people joining. it was caused by a lack of knowledge so selling it at the wrong time. therefore not everyone wants to invest in bitcoin

it is because of the ignorance of those who just go along with the hype. they come when they see Bitcoin in the conversation on social media because of the pump. they enter hoping to participate in the profits. unfortunately they do not have the slightest knowledge of Bitcoin.
when Bitcoin functions as a means of payment, Bitcoin will become a part of everyone. this restriction occurs when Bitcoin is used as an investment asset. and that makes most people who think they need capital to own Bitcoin. although in fact it can be had for just a few dollars.

Because of some passing social media fad, so many ignorant people flock to Bitcoin without even comprehending its fundamental concepts or even its history. The core of Bitcoin is being diluted by these opportunists, who are making it more of a spectacle than a financial revolution.

Let me correct you on one thing, though: Bitcoin WILL NEVER serve as a payment method. Do you understand why? because everyone is too busy hoarding it in the hopes of reaping huge rewards. Bitcoin was never intended to be secreted away in digital wallets and closely monitored; rather, it was meant to transform financial interactions. If things continue the way they are, it will eventually replace money as the digital equivalent of gold. Everyone is so preoccupied with the investment possibilities that they have entirely forgotten what the goal was in the first place!

Awaklara

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Quote from: Xampeuu on August 14, 2023, 01:44:29 AM

actually bitcoin is for everyone and all groups considering that it is the same as the currency that we use every day, it's just that at this time the fact is bitcoin is not for everyone, considering that many people are disappointed after investing and experiencing losses and looking for profits from bitcoin this is what is currently becoming the main purpose of people joining. it was caused by a lack of knowledge so selling it at the wrong time. therefore not everyone wants to invest in bitcoin

it is because of the ignorance of those who just go along with the hype. they come when they see Bitcoin in the conversation on social media because of the pump. they enter hoping to participate in the profits. unfortunately they do not have the slightest knowledge of Bitcoin.
when Bitcoin functions as a means of payment, Bitcoin will become a part of everyone. this restriction occurs when Bitcoin is used as an investment asset. and that makes most people who think they need capital to own Bitcoin. although in fact it can be had for just a few dollars.

raidarksword

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I don't agree at all because bitcoin is for everyone, from all walks of life you can have it in any amount you want and that's what makes it special, for everyone can adopt whatever amount. This was created for the people in order to achieve financial freedom and not be controlledby the government or any organizations. Adoption and education is what we need to make it global currency.

sesterceshop

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Absolutely, you bring up a crucial perspective. Bitcoin's adoption indeed varies based on individual contexts. Educating people about its intricacies and benefits, particularly in developing countries, can be an uphill task due to unfamiliarity and resistance to change. Patiently sharing accurate information and dispelling misconceptions is vital. It's true, initial rejections might evolve into genuine interest over time. As more awareness spreads and understanding deepens, we can anticipate wider acceptance and integration of this innovative technology. The journey might be challenging, but all efforts, even the negative ones in the long run, contribute to the ongoing success and permanence of Bitcoin.

Xampeuu

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actually bitcoin is for everyone and all groups considering that it is the same as the currency that we use every day, it's just that at this time the fact is bitcoin is not for everyone, considering that many people are disappointed after investing and experiencing losses and looking for profits from bitcoin this is what is currently becoming the main purpose of people joining. it was caused by a lack of knowledge so selling it at the wrong time. therefore not everyone wants to invest in bitcoin

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