Topic: The Great Thing is about Bitcoin - page 4. (Read 535 times)

This, IMO, applies only to those who bought earlier and those who have the $$$ to buy bitcoin. If you don't have the money to buy it, you won't have anything to keep and probably nothing to save for the future. Also, no one knew for sure what was going to happen with bitcoin. Let's face it, most of us doubted bitcoin when the price is crashing and for months, the volumes are declining on most exchanges. Most hands are ready to sell save for those who had the money to bear more losses.

While true that bitcoin opens up opportunities, it is not a free one, and you have to really believe in bitcoin for it to pay off.

Btc for everyone, poor or rich. Anyone can buy. The blockchain system that Btc presents is changing the world view of assets and future investments. Transactions are easy, fast and safe. We store and carry our wallets directly, not depositing them like banks in general. This would be great if later Btc could be used all over the world as an exchange.

Ok let's predict the future; our big dream is to replace Fiat money with bitcoin (not to mention other alts). In this case, some futurists expect that the btc price should reach 1M $ if we want to replace only the dollars all arround the world, think by yourself how much it would cost 1 btc if we want to replace all the international currencies (USD,RUB,...).
No one is certain about the next stage of bitcoin. however, experts are certain that when bitcoin reach those ATH, it becomes not compatible with small transactions (just imagine if 1 Satoshi equal 1$) or even not considered as a safe investment, and this should open the door for alts to evade the Fiat market with some good alternatives (Ripple already plays this role with his big supply may replace a whole currency).

That's the best aspect of Bitcoin. It can't be controlled by neither the Rich nor Poor. Also, acquiring Bitcoin does not require you buying 1 BTC, lower class citizens can probably purchase a bit of it. Bitcoin is indeed amazing, it don't have boundaries, which basically means one can transfer his/her Bitcoin to anywhere in the world. To me, Long term Investment has always been the best option. Although, is not easy holding Bitcoin for long time.

I believed that in general, regardless of whether the whales which are mostly the rich folks have been able to manipulate the market to their favour, the average people have been able to invest too in their little amount and have made them profits. That is the great thing about Bitcoin investment, the only thing will be to know when to get in so that they can maximize their investment.   

Thanks to yourself, because you have been able to hold some. Not many people are able to hold it in the long term. If you bought 2017 at its highest point then you already have a big profit now. As long as the market analysis deals continue and a lot of big companies start adopting it I'm sure Bitcoin will get higher and higher in price. For those of you who are new to today, don't be sad because of the price. But take advantage of the opportunities that exist, use your skills to multiply yours for your own well-being.

Price maybe controlled by supply and demands, and news sometimes really affect on it. So although maybe bitcoin price can't really be predicted, sometimes we can take advantage from it. And no matter in what year we made investment in bitcoin like maybe in 2015 when it is less than $400 people can be millionaire with it.

Yeah, it makes Bitcoin special that nobody or no company etc. have a control over Bitcoin. It is one of the most crucial features that distinguish Bitcoin from fiat currencies. Nobody can print Bitcoin like they print dollar for example. It has a limited supply which makes it even more valuable. Maybe nobody has the control but some people etc. can affect the price indirectly. FUDs can cause the price to change positively or the opposite way.

Do you really think so? Whales can control the price of btc. The huge amount of Bitcoins is concentrated in the hands of a small group of whales, who knows each other. They can even negotiate to collapse or raise the market. If they want to do it, of course. That is the way some of them earn money.
The same you can do now. You can invest in BTC in 2021 year, hodl and in 2024-2025 after the next halving you can collect a huge amount to use it for your needs.

That's just one advantage of BTC, there are many others also. According to World Bank report in 2017, around 1.7 billion people of the world are un-banked due to monopolies of centralized banking system for centuries. Bitcoin empowers people by giving authority of there money back in there hands. This concept was not there until we saw Bitcoin.

But unfortunately, sometimes it doesn't work like that. Many becomes more poorer because of bitcoin volatility where emotion get attached on every buy/sell order, especially when there's a fud, while on the other hand there are some become rich.

Manipulation exists before bitcoin was created. But for bitcoin, rich (whales) always rules at first but the community/traders will always have the last move (either bad or good).

everyone has the right to own any amount of bitcoin. this may be the benefit of bitcoin and can help the economy of the lower class to be able to develop their economy through bitcoin. but the lower class must be careful because the rich or the pope still have a great opportunity to play the price.

Not exactly, bitcoin is still subject to the laws of demand and supply and if anything due to its decentralized nature I would say that it is completely at its mercy, so if a whale that has a huge amount of coins wants to move the price in one direction or the other then they can do it, however bitcoin now has so much volume that it is going to be difficult for such whale to maintain the manipulation for long, especially if other whales do not like what they are doing and decide to engage in some manipulation as well on the opposite direction.

No one controls it, but rich people manipulate it. As time goes on, this will probably become harder to achieve, but it'll always be in the hands of individuals and not governments'. Michael Saylor is an example of an individual who owns 115,000 BTC. This is an incredible amount. Whether the market cap moves backwards or upwards, this man will always be able to somehow affect the final result.

How do you know there aren't? I'm pretty sure that Bitcoin is in lots of millionaires' portfolio. They just choose to not tweet their wealth.

It has no boundaries, but still the rich can control on how the game is it played, and they are called whales. They are individuals or institutions who own a lot of bitcoins. Of course, majority is still the retails investors and average joe investors just like you and me.

You don't have to look further, just look at what is the price last March 2020, when the world was grip about the news of a virus and a lockdown, the price of bitcoin and any other financial market goes down very hard. We even hit the price around $3k.

But we have bounce back already as we have reach $64k this year. So bitcoin is a form of invested, nevertheless it has a lot of ups and downs so it's not a guarantee that you can collect huge amount and use it in education or your family. There is still a big risk involved.

Yes, that's right, Bitcoin is not only an opportunity for rich people with large capital but also provides opportunities for those who can be said to be poor with small capital. How could this happen? The answer is simple because buying Bitcoin doesn't have to be a coin but can be in fractions, this is a very good thing considering the fantastic price. So for those of you who have small capital, don't be discouraged because your opportunities are also great. Moreover, the market cannot be controlled by anyone, rich or poor, so what you will see here is how you respond to a fluctuating market.

It's not only about the price, OP. It is also about the freedom that Bitcoin gives to people, well you know the decentralization. I never bothered to get myself a CR/DR cards.

I invested back in 2017, the same year I registered in here so that I would be able to read a lot about "what's more" about Bitcoin. Until now, I am still holding some of it to be honest. No point for me regretting the earlier price of Bitcoin.

Bitcoin is really awesome as it isn't only for the rich people. Every people can buy Bitcoin whatever amount they would like and this will never change also. And yeah, nothing or nobody can control Bitcoin and its price. However, some prominent people, big companies and big governments can cause the price to change with their FUDs.

I liked the phrase I read in the most recent John Green's book about the world we live in because I think it's a very accurate description. He talks about how in Mario Kart the question boxes give bigger perks to those who are falling behind in the race and smaller ones to those doing alright, and then he continues:
That's how the world works, IMO, providing benefits to those who are already privileged, and that's why alternative things like diversity quotas appear to balance it out a bit. With Bitcoin, I think the same system holds, but not to the same extent. Let's say two people invested in Bitcoin when it cost $10k and sold at $40k. They both made a 4x profit, but the first person only had $300 to invest, and the second one invested $30k. So now the first person has $1200, which is not a huge improvement, even though it was a great financial decision, and the second person has $120k and can now afford way more stuff than prior to the investment. I'm not saying it's fair that prices and investments work like that because obviously this is just purely mathematical, but in the end it's still more beneficial to those who already have a lot. Not to mention oktana's Elon Musk point, which is also valid, even though price manipulations like that are temporary.

Bitcoin is truly for everybody. But the thing is that people that just knew bitcoin lately, they're looking at the price to be expensive and they can't bear with it because that's the first impression that they look at. They ignore the facts about its past and charts and that's where they're sticking.

This is a bit off the comparison, there were many investors in those years that probably have sold a lot and didn't buy back because of the situation that has happened in 2018 which was very bearish. And instead of buying during that time, they thought that bitcoin was about to end.