Is bitcoin really not for everyone? - page 3.

Kakmakr

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There are a lot of education going around on all things Bitcoin, but people are more willing to listen to the FUD that are being spread by the haters. Roll Eyes

I have seen several highly educated people, talking nonsense about Bitcoin... without even doing the most basic research on the subject.

Bitcoin are not for those people that think that they are too "clever" for this technology or for the people that are too lazy to do the most basic research. We need open-minded people that are innovative and willing to learn.... those are the kind of people that are Bitcoiners... not speculating sheep that embrace the norm. Roll Eyes

Fivestar4everMVP

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Bitcoin is not for everyone is a basic fact, and I think those who argue or think otherwise simply do not understand exactly what that statement meant, for me, when I see some one or a user on this forum write that bitcoin is not for every one, I might not know what exactly the op meant by that, but I always believe its true based on my own understanding of that statement, For example, I understand this statement to mean that, not everyone will invest in bitcoin as the end of the day, even though the opportunity is there and always available to every single person, some even after being introduced to bitcoin and them accepting the invitation, will still turn around to see bitcoin as an already too expensive currency to invest in, and they will rather choose to invest in other altcoins instead, i see such people that bitcoin is not for them, or maybe i can rephrase it to say that, they are not for bitcoin, which ever way it be, the one fact remains that they have refused to accept investing in Bitcoin, so bitcoin is really not for such people, at least, until they accept bitcoin as a good form of investment.

bitzizzix

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Bitcoin isn't for everyone due to a number of factors, most notably regulation, risk as well as knowledge. And those who make Bitcoin are not for them, and for those who use bitcoin because of the awareness and knowledge that they finally realize that Bitcoin is important for those who have knowledge and know the many benefits of Bitcoin.
But I don't care about that, because I think Bitcoin is something that develops and continues to grow from time to time in this technological world. And although I'm not really sure if it matters or not but it will make a big difference in the future and in the end all will use it without knowing it. To compare bitcoin then and now and over time I think Bitcoin is going to be very important and everyone will eventually use it and it's only a matter of time.

wxa7115

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Quote from: Texac on August 13, 2023, 11:32:16 PM

Even if you tell them everything about bitcoin from its benefits and risks, they will still not care about bitcoin, because there are a lot of people who are stubborn and always doubt everything even though we tell the truth with them. moreover, not everyone likes risk or high volatility, many people prefer safe, low volatility, and that's why banking is still considered by many as an option. bitcoin is really not for everyone, and we don't need to impose our thoughts on them and force them.

Not only that, by giving unsolicited advice on this manner people will feel that you are treating them like fools, as if they do not know how to manage their money on their own, and while there are a few people which may appreciate the advice the majority will hate it.

Besides it is also useless as the few people which would appreciate the advice would have invested in bitcoin anyway once they found out about its existence, and if anything they will be more comfortable with their decision as they would have come up with the decision on their own.

Texac

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Quote from: Weawant on August 13, 2023, 07:23:32 AM

Quote from: Spaceman1000$ on August 07, 2023, 04:27:48 AM

In telling people about bitcoin, even if they don't seem to accept it at first, you will see a good number coming to pick interest much later. Just because a person didn't accept your idea presented to him immediately doesn't perfectly mean he has totally rejected for at some point in life he might find reasons to give the idea a try even without you knowing about it. Let's keep the ball rolling bitcoin is here to stay.

Sometimes it's the way you approached the person or the way you presented your speech that make people not to accept investing in Bitcoin. People are used to hearing scammers promised them good profits so if you come with the same approach people won't invest.

When telling people about bitcoin, always make it very clear the advantages and disadvantage of investing in Bitcoin. Let them know the volatility rate of the market and tell them it isn't a must to buy immediately that they can buy with dollar cost average through accumulating.

Don't force anybody to invest in Bitcoin, just teach them and in the future they'll come back if they don't invest when you were telling them because bitcoin is a type of investment that grows on people with time as they'll see the profits they could have made if they bought.

Even if you tell them everything about bitcoin from its benefits and risks, they will still not care about bitcoin, because there are a lot of people who are stubborn and always doubt everything even though we tell the truth with them. moreover, not everyone likes risk or high volatility, many people prefer safe, low volatility, and that's why banking is still considered by many as an option. bitcoin is really not for everyone, and we don't need to impose our thoughts on them and force them.

n0ne

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Quote from: jeraldskie11 on August 13, 2023, 05:20:43 PM

In my opinion, Bitcoin is for everyone who really know what it is. There's no specific people for Bitcoin as long he knows to earn with it. If the person thinks about the future and really believe to Bitcoin, there's a high chance that he will going to buy Bitcoin and hold it long term. Some people just close minded and only focus on today, that's why their life will only stay on what they are today, just like a routine. But this is not permanent, since Bitcoin will be adopted worldwide as a mode of payment, some of them change their mind to encourage them to invest in Bitcoin just like what happened in 2021.

Agreed, there are products that are being developed for certain group of people or depending on the financial stature. Satoshi had nothing in mind, he wants the middle man to be taken off. This is common thought, when the middleman is taken off huge funds can be saved and the same amount will be in circulation among the users itself.

If he had kept in mind the financially grown people or something like that, he shouldn't have developed this as an open source platform. Bitcoin is for everyone and the goodness relies on the trust, believe it and it'll give good based on the learning.

jeraldskie11

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In my opinion, Bitcoin is for everyone who really know what it is. There's no specific people for Bitcoin as long he knows to earn with it. If the person thinks about the future and really believe to Bitcoin, there's a high chance that he will going to buy Bitcoin and hold it long term. Some people just close minded and only focus on today, that's why their life will only stay on what they are today, just like a routine. But this is not permanent, since Bitcoin will be adopted worldwide as a mode of payment, some of them change their mind to encourage them to invest in Bitcoin just like what happened in 2021.

suzanne5223

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Quote from: TimeTeller on August 12, 2023, 06:51:58 PM

Quote from: suzanne5223 on August 12, 2023, 06:25:51 PM

Quote from: romero121 on August 12, 2023, 05:57:53 PM

Nowhere it is mentioned that bitcoin is for specific people or it can be used by someone who is technology wise good. The prime objective is to take away the middle man. The technology does it and it is helpful to each and everyone. This makes bitcoin is meant for everyone. This happens only through better understanding and the interest towards it.

We need to spread the word about bitcoin, but the same shouldn't be done on force. The growth and spread in these days have happened as a result of proper understanding about it. Nowadays scams in the name of bitcoin have decreased as people were well aware to segregate and get into the trusted market.

I believe the reason why we are seeing this type of question these days is because of how some people interpreted the potential and uses of Bitcoin because what Satoshi said is "I've been working on a new electronic cash system that's fully
peer-to-peer, with no trusted third party.". However, Bitcoin being a digital currency make it something that some people cannot use due to lack of the knowledge of how to use the internet and this is what I believe make some people to have the impress the impression that Bitcoin is not for everyone.

Bitcoin is for everyone, but only some can understand how they deal with this market.
Just like education, it is for everyone, however, only few can acquire their degree.
But this market is always open to everyone, especially for those who are eager to learn this technology.
There's no requirement, age, education or whatever status you have in life, you can always enter into this market at your own convenience.

When something is for everything it is something that everybody will technically have and something may be created for the general public but that doesn't mean it is meant for everybody because some people won't have some sense of belonging in it.
Meanwhile, Bitcoin is for people that believe in the concept and vision used by Satoshi.

The Cryptovator

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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.

Viscore

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Yes, same goes for fiat especially for those who are using their position to create fraudulence just to satisfy their own selfish desires. However, on part of bitcoin, it can’t be a tool for fraud and money laundering, but once you invest it with greed, you are not using it on it’s designed purpose which is aside from a currency, it’s also a tool for long term investment but not for get rich quick scheme.

Mr.suevie

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Quote from: Russlenat on August 13, 2023, 12:59:34 PM

Bitcoin gives limitless opportunities to everyone, but not everyone is capable to turn it into substantial source of profits, as some only give it a try and when they start losing, they eventually leave bitcoin for good. That’s where I can tell that those who have faith in bitcoin regardless if they have experienced consistent losses at first are definitely those who will stay and are capable to make bitcoin profitable for them.

The people that left are actually people that are not self determine to actually know how beneficial one can be or get with Bitcoin. Even in life it's design that it's not actually everyone that's going to be successful and this principle of life follows in almost all areas. So encountering failure is not an excuse for someone to leave crypto Instead it should serve as an challenge for them to strive harder to actually achieved success.

serjent05

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Quote from: Altryist on August 13, 2023, 01:46:53 PM

Quote from: Russlenat on August 13, 2023, 12:59:34 PM

Bitcoin gives limitless opportunities to everyone, but not everyone is capable to turn it into substantial source of profits, as some only give it a try and when they start losing, they eventually leave bitcoin for good. That’s where I can tell that those who have faith in bitcoin regardless if they have experienced consistent losses at first are definitely those who will stay and are capable to make bitcoin profitable for them.

But you understand how difficult it is for a beginner to understand that drawdowns in the market are just a temporary phenomenon, and if it concerns bitcoin, you can benefit in the long run. This may be understandable to an experienced player who understands what is happening, but for an inexperienced person it will all seem too complicated and when you see losses on your wallet balance, it can be too difficult to endure.

It is really difficult for a beginner to understand since it is their money and most probably they don't want to lose them in an investment that they are new about. If ever we wanted to convince anyone about Bitcoin investment we should tackle the information with care and openly discuss the pros and cons. Thi discussion can be easy for a tech-savvy person but those who are having a hard time even operating a mobile phone will definitely find themselves in confusion.

Learning Bitcoin and using it needs a certain requirement but sadly not all people have that requirement.

erep

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Quote from: Weawant on August 13, 2023, 07:23:32 AM

When telling people about bitcoin, always make it very clear the advantages and disadvantage of investing in Bitcoin. Let them know the volatility rate of the market and tell them it isn't a must to buy immediately that they can buy with dollar cost average through accumulating.

Don't force anybody to invest in Bitcoin, just teach them and in the future they'll come back if they don't invest when you were telling them because bitcoin is a type of investment that grows on people with time as they'll see the profits they could have made if they bought.

I agree, we must clearly explain everything related to understanding crypto investment to beginners, we don't only explain the benefits but don't hide the high risk of loss so that they can anticipate using reserve funds for bitcoin investment in new portfolios.

I have tried several of the same approaches but their response is not ready to enter into crypto investments which have a high volatility level, they need time to make decisions about managing their finances, but I am sure they will become part of the bitcoin holders in the future without anyone coercing them because they already know the details of managing crypto funds.

Altryist

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Quote from: Russlenat on August 13, 2023, 12:59:34 PM

Bitcoin gives limitless opportunities to everyone, but not everyone is capable to turn it into substantial source of profits, as some only give it a try and when they start losing, they eventually leave bitcoin for good. That’s where I can tell that those who have faith in bitcoin regardless if they have experienced consistent losses at first are definitely those who will stay and are capable to make bitcoin profitable for them.

But you understand how difficult it is for a beginner to understand that drawdowns in the market are just a temporary phenomenon, and if it concerns bitcoin, you can benefit in the long run. This may be understandable to an experienced player who understands what is happening, but for an inexperienced person it will all seem too complicated and when you see losses on your wallet balance, it can be too difficult to endure.

Russlenat

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Bitcoin gives limitless opportunities to everyone, but not everyone is capable to turn it into substantial source of profits, as some only give it a try and when they start losing, they eventually leave bitcoin for good. That’s where I can tell that those who have faith in bitcoin regardless if they have experienced consistent losses at first are definitely those who will stay and are capable to make bitcoin profitable for them.

Negotiation

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The price of this digital currency fluctuates much like the stock market. Prices may vary on the same day. Bitcoin price is at a record high compared to other currencies. Everyone can invest in bitcoin, rich and poor don't matter. If people have enough capacity then holding on to this coin and waiting patiently will change their whole life. If the knowledge about bitcoin is less then you can research bitcoin well before investing. Because with the increase in the value of bitcoin, the number of scammers in the market has increased a lot. Just keep faith and move forward, it is possible to get good results if you wait for a long time.

Weawant

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Quote from: Spaceman1000$ on August 07, 2023, 04:27:48 AM

In telling people about bitcoin, even if they don't seem to accept it at first, you will see a good number coming to pick interest much later. Just because a person didn't accept your idea presented to him immediately doesn't perfectly mean he has totally rejected for at some point in life he might find reasons to give the idea a try even without you knowing about it. Let's keep the ball rolling bitcoin is here to stay.

Sometimes it's the way you approached the person or the way you presented your speech that make people not to accept investing in Bitcoin. People are used to hearing scammers promised them good profits so if you come with the same approach people won't invest.

When telling people about bitcoin, always make it very clear the advantages and disadvantage of investing in Bitcoin. Let them know the volatility rate of the market and tell them it isn't a must to buy immediately that they can buy with dollar cost average through accumulating.

Don't force anybody to invest in Bitcoin, just teach them and in the future they'll come back if they don't invest when you were telling them because bitcoin is a type of investment that grows on people with time as they'll see the profits they could have made if they bought.

tw0.625

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Quote from: Spaceman1000$ on August 07, 2023, 04:27:48 AM

Is bitcoin really not for everyone?

Bitcoin is not for everyone.

If the majority (98%) of players in the market simply buy Bitcoin in equal shares, they will lose - as Bitcoin would depreciate under such a strategy, and until the majority sells, Bitcoin won't resume its growth. In antagonistic zero-sum games, the majority always loses. Therefore, it's crucial not just to buy, but to know how much Bitcoin to purchase and transfer to a cold wallet to ensure that the majority will never be able to buy it again. That's why the bet of 2.625 Bitcoin still remains optimal in this game.

A question might arise, why would the majority (98%) never buy Bitcoin? After all, it seems like an obvious strategy... well, they won't buy it precisely because according to their 100 IQ logic, they don't want to make people like me or other holders richer; they simply can't understand the simplest truth - it's when the majority DOESN'T buy Bitcoin that they make us richer. When 98% of suckers put their money into LUNA or BNB, those trust scammers who take the suckers' money buy Bitcoin, because they're already up to their ears in their own garbage, and their accounts in US dollars or euros are simply inaccessible, as they can be blocked.

legendbtc

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Quote from: someone703 on August 13, 2023, 06:30:46 AM

Everyone has their own preferences, beliefs, and situations, and this also applies to the use of Bitcoin.

While everyone can have access to free Bitcoin, the reality is that not everyone has the ability to use it effectively. There are many factors like utility, ability to buy BTC, and internet accessibility that can affect Bitcoin usage.

And of course, change and choice always exist. Some people may continue to prefer fiat money for its familiarity and comfort, while others may find value and benefit in using Bitcoin. It is important to respect this diversity and understand that everyone has their own approach and perspective on the cryptocurrency market.

I agreed, although bitcoin is for everyone, regardless of color, regardless of rich or poor, and anyone can own bitcoin with the smallest amount they have. But the problem is not bitcoin, but each person. Some people will like it and some will not, and that is completely normal, because as you said, everyone's preferences and beliefs are different. Just like we don't like banks, don't like fiat, but still there are many people using it. Can't say they're stupid or wrong when they don't think the same as us.

someone703

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Everyone has their own preferences, beliefs, and situations, and this also applies to the use of Bitcoin.

While everyone can have access to free Bitcoin, the reality is that not everyone has the ability to use it effectively. There are many factors like utility, ability to buy BTC, and internet accessibility that can affect Bitcoin usage.

And of course, change and choice always exist. Some people may continue to prefer fiat money for its familiarity and comfort, while others may find value and benefit in using Bitcoin. It is important to respect this diversity and understand that everyone has their own approach and perspective on the cryptocurrency market.

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