Topic: The Great Thing is about Bitcoin (Read 535 times)

The unique concept of bitcoin makes users increase significantly, bitcoin is designed to replace the functions of conventional banks which are very rigid and not in accordance with customer interests, I think the biggest thing about bitcoin is the concept of security that makes users not worry about saving money in bitcoin.

yes, but sometimes not everyone can just trust bitcoin. Because bitcoin was not as famous as it is now. Even I myself used to think twice about investing, even though at that time the price was still very cheap. If only everyone used to realize bitcoin was so credible to provide long term profits. But it's not easy. . Until now, people including me regret not buying it when the price is very, very cheap.

We are the same, but I got into crypto in 2016 when the price was really low and we could afford one or more, but I quit by 2018 because I needed to do a job that I didn't have time to learn and also to do the bitcoin stuff, which I regret because I should still pursue it and I would say that I am earning a lot right now, but now I'm back and I started from scratch, but it's better to be late than never. I'm hoping to make more money.

its true unless institution start investing , with institute level investing they literally can buy huge amounts resulting in market value manipulation ,   
although we are free to hold our shares but we should not forget that if the institution cannot buy they would simply start mining for more ,
even we can mine but the question is how much , obviously with the funds they have they would have better mining rigs and in a large number and who knows how much more it is to be mined.

Crypto gives a very good chance to poor people to earn money to provide in their financial needs. We all know how big can we possibly earn in here if we really pursue it. Me, I am also very thankful to crypto because crypto plays a big role to what and where I am now. I am one of so many people that started last 2017. I am very lucky to discover this thing that time. I may not invested my own money before but investing time to earn through campaigns and investing time studying crypto staffs that time are all worth it.

It is all about how you perceive things in the crypto world. If you gonna trade the crypto to crypto then you don't really need to understand the price. Price is just measure of unit tbh. We measure it in fiat because we understand the fiat in different forms of currencies and we understand how much the stuff weighs in terms of value.

If you start thinking about BTC as BTC then you will not fear what value it has today. I mean you will start transferring the bitcoin in different units like mBTC, satoshi etc as per your need.

We never care about the USD, all you care about is how costly or cheap things are around us!

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So whether they control it or do not control it is second part really. 

The market can be controlled, and there are people who do that, and they are the ones who we refer to as the whales in the market. But that doesn’t mean that it doesn’t benefit the poor, Bitcoin benefits the poor as long as you know what you are doing and you play your game in the right way you are going to always benefit from me to whether it’s being manipulated or not.

Although the possibility of Bitcoin being manipulated is way much less than the possibility of the alternative coins being manipulated by all these people that are being called the whales, AKA the rich guys in the market. So, it benefits everyone, all you have to do is to know what you are doing and do it the right way. As long as you know what you’re doing you are going to be benefiting from it.

Bitcoin is an internet currency, and is not regulated by any government, bank or organization. With paper money can be counterfeited, but Bitcoin cannot, it completely eliminates the problem of counterfeiting, as it does not exist in physical form but is created by algorithms. If you use a bank or a money transfer service to send money to your loved ones, it will take a considerable fee, as well as take a few days to send abroad, With Bitcoin that fee is extremely low. and it only takes 20 minutes to 30 hours. Bitcoin uses an anonymous transaction system (Blockchain), so when you make a transaction, no one will know who you are, where you are.

Indeed, if only I invested way back 2017 and see the importance of the crypto then by now I'm pretty sure I'm way more secured than this year. But that should't be a problem because it's not too late to lear about bitcoin and its works and invest again to make gains on it.

The great thing about the bitcoin is that no one controls it even the bank or government and nobody know how much bitcoins you have. The government and bank will only know your assets if you choose to trust and store some funds on them. But again it's not a good idea to store big amounts of cash on banks because surely they'll suspect about that.

what makes bitcoin even more famous I think is because of its fantastic price spike, and beats all investment fields. with these high fluctuations, people tend to study it, and finally they can enjoy the results and tell their friends, all this I think is because of the result of a belief in bitcoin

I like you feel the many benefits that can be obtained from Bitcoin, for the first time when I got to know Bitcoin I could feel the freedom to manage
my own finances. Because doing Bitcoin transactions don't need a third party, that's what I don't get when using fiat. Another positive thing is that
maybe I feel that my privacy is protected when buying Bitcoin, because I don't have to give up my personal data. Even Bitcoin has also improved
my economy for the better, because Bitcoin can be a source of income if we can use it well. The conclusion is Bitcoin is changing my life for the better,
so I am very grateful to Satoshi Nakamoto who created Bitcoin.

BTC is one of the great potential coins I ever buy because People can buy Bitcoin any amount they want and this will never change. And yes, nothing or no one can control Bitcoin and its price. Satoshi created BTC with decentralization so amazing it makes me always feel like I really own a coin of my own and not controlled by anyone and we all admit it's great.

why i am interested in investing bitcoin or other crypto because all control is up to us. we can decide when to sell or buy crypto. and it's true that if we can put it to good use then we can also profit from it. many bitcoin or other crypto lovers who have made big profits and we should be able to imitate and follow them. although there are many advantages, but we must also remember the risks, so don't be too hasty and rash in responding to this volatile crypto market.

If you invested early in Bitcoin since 2017 then I am sure you are a shark in the crypto market. I think that if I have time, I should learn more about this market and learn more about Bitcoin.

The rich and the poor will always be able to buy Bitcoin in the future also. This is the most important advantage of Bitcoin actually. Because everyone can reach it whenever they want. It is not a cryptocurrency that is specific to a group of people or something. And this will never change in the future also. If the rich were the only people who could buy Bitcoin, then Bitcoin would lose its purpose and there would be no meaning of it.

That's just the beginning. Bitcoin has a long way to go. We will continue to grow to be the best financial with a healthy community. Bitcoin has always been supported by entrepreneurs and businesses. They're very enthusiastic. I'm sure there are more surprises in the future.

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BTC is not only for the rich people because all the people have the rights to use or to invest in bitcoin its all about the money you will invest or pay for bitcoin and that is one of the best thing of bitcoin anyone can use it to make profit from it to use it on purchasing stuff to invest to pay online. Thats the potential of bitcoin to make other peoples status of life to  change.

If you already know how bitcoin works, it will be very easy to increase our income for the needs of life and many people who have succeeded if in 2018 they invest in bitcoin and currently have very large assets and already have luxurious facilities to enjoy this year, but only some people can feel this way because they believe that bitcoin will grow in the future, And currently still have the opportunity to get results in the crypto world then we must use it as best as possible.

Just take advantage of this good opportunity to encourage income to meet the needs of life. Bitcoin is certainly one hope that can take us in a more forward direction, it is a pity if someone or several people cannot know Bitcoin much more closely.  Let's keep support Bitcoin to continue to be in a positive scope and prove that this has really helped many people so far, especially for people who had invested from years ago.

Although there are many negative issues circulating, but basically Bitcoin will not weaken due to falling demand, Keep the trust, we will waste an opportunity if you ignore the presence of Bitcoin in our lives.

Others keep on saying that because bitcoin price is huge meaning this investment is only for Rich in which i dont believe because the design of Bitcoin (Per Satoshis) the reason why this can be afford by rich and poor.

we are not required to own whole Bitcoin instead we can accumulate small amount as the value will surely increase in the future.

bitcoin is for everyone, it's not about what status we had wherein its for all the people who believed how it really works in the space and can give good return after all.  Knowledge, effort and patience is the most important in it, so if you don't have such abilities you cannot obtain a good return after all your hard work on it.. So be smart and keep believing, indeed there's a lot of people who have proofs how they become successful because of bitcoin,  just be patient always don't give up. 

coin game? since when that Bitcoin happens to be a Gaming coin? not unless used in gambling site(in which take effect years after the creation) there is no chance that this was been considered as that.
Company promoting bitcoin? lol it is users that first advertised this and not companies.
Not everyone because there are majority of people around the world who hates bitcoin.

Bitcoin is open for everyone regardless if you're rich or poor. It depends on us on how we will take advantage this chance to make money (by investing) or for our convenience (sending money).

On the other side, we didnt expect the price to skyrocket after few years that it was created thus most of us have this regret of being late to buy. But it happened already and its not good to dwell on the past, so just move on and look forward for the future that lies on bitcoin.

precisely because the price is unpredictable I'm sure new people will be afraid to buy bitcoin.
everyone who comes for bitcoin must see its popularity first. even many who do not see the past of bitcoin and just buy it. when they are careless, the panic is there and they will come out with a loss.

Bitcoin is one of best Crypto Currency coin and it is famous in world wide traders. All traders wanna trade bitcoin because its price is unpredictable any time it gives you big profit.

Great thing about bitcoin it is secure and safe. It is not controllable by any government. It helps to many people where you can earn, invest. It has fast and easy transaction anywhere.

So you just drop here to post this realization that million people had already do since 2009?   bitcoin is the greatest invention human has created , since the beginning of financial world when fiat and gold starts to dominate there are no other option people has but to comply with what the government is giving us as instruction , but when bitcoin comes? you'll see how people become powerful in their own fundings.
now banks are being alarmed because of this as the depositors are going little and little each coming years.

Bitcoin was created by Satoshi Nakamoto for all humans, meaning that anyone can own Bitcoin. There are many benefits that we can get from Bitcoin,
one of which Bitcoin can be a source of income. So Bitcoin is indeed extraordinary, because it has benefits for human life. The interesting thing is
that Bitcoin cannot be controlled by the government, meaning that the government cannot prevent us from owning Bitcoin. Transactions using Bitcoin
are also faster and more efficient, because there is no need to go through a third party. What I am very grateful for is getting to know Bitcoin,
because I have felt the benefits of Bitcoin. So I'm happy to explain if anyone is interested in Bitcoin.

It can be controlled but only by those who has what it takes to control it. There are lots of whales who has been doing that from the start. Though bitcoin has gotten to a stage where manipulation is a very difficult thing for anyone to achieve these days in it. The only coins people can easily manipulate are those small coins with a small market cap. That’s why initially when bitcoin had a small market cap, it was very much possible, but not this time around. Just gave this answer for a reason. And finally I would like to say that it favors both the rich and poor, although some people will also say that it favors mostly the rich, for me I think that as long as you know what you’re doing, it’s going to work out for you.

Bitcoin is for everyone. People don't have to buy full bitcoins, they can buy the amount they want. Not only rich people with a lot of money can invest in Bitcoin, it also provides investment opportunities for ordinary people.
Bitcoin's decentralization will not be controlled by the government and banking system, it is the free management of personal funds.
Bitcoin also brings more benefits to investors and helps people improve economic development. Long-term investment can achieve wealth freedom.

Bitcoin is an amazing technology, an open-source software protocol on the Internet for transferring value between two parties without relying on a third party. I’m still amazed by this concept.

If everyone believes in the crypto world then they will not waste the opportunity to invest in bitcoin or altcoins, because for now not a few people who already feel very big results in the crypto world, let alone we have big capital then using the opportunity in 2018 to invest is the right decision, because the increase in this year is very big, Although currently the decline again occurs up to 40% then this is our opportunity to buy some bitcoin, because in the future the increase will definitely happen again.

BTC is the next-generation coin. It was a surprising invention of Satoshi Nakamoto in 1908. It is a unique type of business getting popularity among all ages of life. Trusting on Bitcoin, if someone had invested money in its beginning, imagine today he would be a millionaire. Having all kinds of business aside, it is a strange and different kind of business. The person who is doing business with crypto does not give up this one even after having a loss

I think the volatile price for investment assets is not always a positive thing for everyone. it's a relative thing and everyone can have a different view of the characteristics of bitcoin. I think freedom in use and ownership is important and very helpful. in terms of investment and means of payment and finance, the freedom that is obtained from the use of bitcoin is indeed very helpful in many things.

For me bitcoin is better than fiat. When you hold fiat for years then the value will be decrease because of inflation. Imagine, we working for years and save money but the value keep decreasing although we don't use the money. I think it's unfair. So I personally think that is one of the great things about bitcoin. The market still extremely volatile, people should be careful in taking decision whether to buy or sell or hold.

The crypto market is very volatile. If you want to invest in crypto currencies and "not" plan to hold for long term, then only invest whatever you can afford to lose. In short term the market can be a roller-coaster ride. You will never know when the price will  go up or down (like look at the market right now. Two days ago it went down a lot. But right now, it is all recovering). So for a "poor" person, if he can't afford to lose the money, then he shouldn't invest at all. But if they are willing to take a risk, then yeah. Go ahead. Let them do it. Secondly, the price can be manipulated a little. The whales can do that. Even influential person can have some sort of power over the market. But effects are always short term. And as time goes by and more people joins the market, it will be harder for the whales to cause any disturbance.

Indeed, the fact that the price right now is high and the fact that there are many of people that are investing in it and there is a huge marketcap for it makes it highly decentralized and can't be controlled by some whales that can pump and dump the price whenever they want, like the other coin that are existing right now, so like you said bitcoin has the perfect balance of keeping the rich richer and give opportunity to poor people to improve their situation.

The most interesting thing is no one is interested in Bitcoin technology or the concept. Just everyone is interested in the price which is most volatile. OP is wondering if he could invest back in 2017 then he could make much money, but I lost too much by investing in 2017. Do you think you were would hold Bitcoin till $60K? I don't think it's possible due to our greedy behavior. Cryptocurrency isn't too easy that you are wondering. There are many facts that work on behind. If you have too much patience then most likely you would succeed, otherwise, you would lose like me. We have to improve our knowledge about Bitcoin technology before investing in that. Otherwise more likely you will be a loser.

The cycle once you understand gave you chances to earned decently, there's no exact or accurate time but by all those indicators
you'll be able to find the suited position that may bring you the winning trading position that you are aiming. It's all about good understanding that will guide you to enjoy the benefits of this industry.

You don't need to have lots of money to start as everyone have equal opportunities when making your position.

it's all about your trust and your skills to figure it out  when will be the best timing for you to engage and invest your money.

Bitcoin teaches us that everyone is able to get the same rights and teaches us to be patient to maintain assets in the long term as seen from the history of every 4 years which has the same cycle in 2017 and 2021.

That's right, bitcoin is a friendly investment with anyone. You don't have to be rich to invest. Ordinary people can still invest in bitcoin. What is certain is to last long term if you want to enjoy the results . Not one day or two days, even saving it for years can make you rich. But keep in mind that investing in bitcoin is a risky thing because of its unstable nature so it goes up and down fast.

Well as a newbie in forum you tried well but you just massed up everything. You didn't explain bitcoin properly. You made it soo simple. Well i have to say you tried to explain bitcoin very simply but after that you just finised in hurry. Well let me explain in which way you started to explain about bitcoin you can't finished it properly. After reading your post i just clearly saw you are in hurry to finished it. That's why your post had begging and ending. But middle point is missing. So if you are research  little bit more before posting this. Then your post might be a perfect post. Though you are begginer so its okay for you. Thank you and welcome to the world of bitcoin.

those who improve their economy with bitcoin, of course, are those who do believe and stick with bitcoin. Now bitcoin has turned many poor people into rich people. and that is the reason why there is always an increase in bitcoin adoption when its value drops.
everyone knows how the potential of bitcoin will grow again. so when it goes down, everyone who has already benefited from bitcoin will buy it back.

That thought of yours count, BTC is generally for all the people, rich or poor, everyone is allowed and able to buy and sell bitcoins, imagine those people who were able to overcome poverty because of how Bitcoin continued to grow, most probably these people are more invested in Bitcoin after seeing such growth.

Thats right, with limited supply and growing demand for bitcoin ownership. if people miss 2017-2018 to own bitcoin at low price. 2021 we still have a second chance to own bitcoin before he goes to the moon with $100k. Bitcoin price is trending down in recent days, but exchange metrics still show that major bitcoin storage wallets are still quietly buying more bitcoins for around $40k.

Business software company MicroStrategy announced that it has purchased an additional 5,050 BTC(14/9)
El Salvador bought another 150 Bitcoin when the price of this cryptocurrency dropped to $45,500. Currently, the Central American country is holding a total of 700 BTC.(20/9)

You're probably right but that's going to take a really long time because people that are still ignorant and still thinks that it's the 80s are still alive and we won't get rid of those mostly ignorant people for the next 100 years and that's not including their values.

Crypto will become the favorite investment asset in the future. Similar to gold, cryptocurrencies can be a global investment channel to complement investors' portfolios in order to get bigger profits. I think that's a very strong narrative. Perhaps another global asset is gold. But now (crypto) is called an attractive investment channel for retail..

Well I think there are pump and dump groups with very large whales that in a way can kind of control the price of bitcoin.  Not totally but to a certain extent.  I think even more so the great thing about bitcoin is the fact that it will give so many people living in poverty a way to "be their own bank", being that there are countless people who are under-banked around the world.

indeed no one can predict the future of the market and crypto-assets like bitcoin. but some people are used to predicting market opportunities. they can do their research with visible market analysis. no one is going to be 100% right, but with the skills you have, I believe the possibility of profiting from bitcoin by holding it long-term will yield a profit.
here, we can learn. how we should trust the assets and the plans we make. all to make a profit.

Yes, bitcoin has no limit no prediction or anything else, because, when it was started, it had very low price and now the price of btc is very high as we know. When the price was 16k, I have a little btc, but I sold. If I hold for future, I have a huge profit. So, no one knows what will happen the future of btc price and btc market?

And most likely things are going to get even better, after all peer to peer lending will also become a thing so those people that only need a small loan to start a small business venture but that will never get it from banks now will be able to do so directly without any third party involved, this is where bitcoin is going to have yet another opportunity to shine and show the world why it is better than traditional banking and why it is the future.

Investing in bitcoin does not have to be people who have a lot of capital but poor people can also start investing with bitcoin, because we can buy bitcoins with small amounts for example BTC 0.005 - BTC 0.001, although the amount is very small but in the future it is very possible for us to get bigger profits because the supply of bitcoin is very limited and when all supply is mined then the price will rise very high.

‌‌‌ ‌The great thing about bitcoin is that they provide extreme profits. Moreover, people can get exchange value through bitcoins without even requiring an intermediary since it’s digital and decentralised.

Try to dig deeper mate and don't just look in the brighter side because this market is for both ways the positive and the negative.
Yes there are many chances that this is uncontrollable but also there are many speculative talks about Whales playing the market because the stocks is limited for bitcoin.
the current stock of bitcoin is too low compared to 20million supposedly so the chance of being manipulated are there.
bitcoin is secure but only if you know how to handle this and control this because there are army of scammers and hackers that waiting to bite you.

The great thing is about Bitcoin is transferring money over the internet, it is a good currency to invest and Bitcoin has an increased scarcity and a high value. Bitcoin is secure. Bitcoin is the best cryptocurrency platform around the world to invest and earning

Maybe that is because they can not manage their emotion when they have bitcoin, especially if they are buying bitcoin at a high price but the price now is at a low price so they think that the price will not increase in a short time. Emotion is something that we should manage because no matter how hard we hold bitcoin, we will have a chance to make a profit from that and our waiting time will give us a better result than if we sell at a loss.

Some friends told me that the great thing is not bitcoin, but blockchain technology. Bitcoin is a blockchain technology, but it is not the focus. I wanted to argue, but I didn't say anything in the end.

I hope that's true that many people realized already that banking system will not help them in the future but instead it's trying to get their money slowly before they could even earn enough of that just to live in a decent house. Thankfully, Bitcoin is created and it is now an innovation for most people they can manage their own wealth the way they want it without some third party slowly taking their money before they could even touch it. Although, the risk is there already and it's huge but who cares if you can enjoy your money without a delay not unless if the blocks is congested due to the bull market.

I'd say Bitcoin is the easiest vehicle towards curing inequality in the first world. For all the talk of wealth being absorbed by the upper class, what happens when the wealthy can take all their assets and put them into stable investments outside of currency?

For someone retaining any amount of currency, their spending power decreases everyday by built in inflation by financial institutions. Bitcoin is not as easily manipulated, and therein lies the reason why the rich don't want ordinary folks using Bitcoin.

Rich meaning the "elite," not just the well off.

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.

It should be stressed that bitcoin is not meant to cure inequality in this world of poor and rich. What bitcoin has been doing so far and will continue to do is give everyone an equal opportunity to convert their time, effort, and skills into something that cannot be stolen and debased. Presently, the most scarce and valuable asset in this world, time, is being constantly stolen from those who have to work hard to feed their family and pay bills. It is done via inflation and money printing, which is basically a legal way to counterfeit money. No matter how much time you spend working, all that you earn will surely be taken away from you. Rich and wealthy people, unlike the poor, have many ways to protect themselves from this robbery, but still, it doesn't solve the problem but rather delays the inevitable. Bitcoin allows both the poor and rich to make sure they will not lose what they earned offering what they have.

Umm... I kind of disagree with this. Elon Musk made me realize that rich people can cause a news which will then cause a price dump or pump. If he tweets "Buy Bitcoin" you'll see the pump that'll follow. What I think that makes it an amazing concept is that irrespective of who you are, how much you have, no one can access your Bitcoin, never until you give them your private key(never give it out).

We never really lose this kind of thread praising bitcoin even though it's all the same, I mean there's no way you can describe bitcoin as something bad so most of the people who do this kind of thread are spewing the same thing.

It is indeed a great invention. I don't know how many dollars Bitcoin will rise to in the end. After reaching a certain price, what will happen to the next stage of Bitcoin?

It's what's so good with it: anyone can take advantage of it. It takes a lot of investing and finance illiteracy to think that bitcoin is only for the rich just because it's so-called "already expensive". (even though, you know, you can buy fractions of a BTC)

Only you control your bitcoin and you have your right not to tell how many bitcoins you have to other people while your bank do not know about that. The banks will only know the money in your bank account while you should not make them suspicious about the largest transaction if you are not too often make a big money in your bank account.

And related to the bitcoin price, you do not need to afraid of the price volatility but that will be good for you because if you can buy at a low price and sell at a high price, you will get profit and that means, you can make money.

While it was initially true that rich cannot control the price of the Bitcoin. Currently, due to lot of trading in Bitcoin, the price of Bitcoin is subject to lot of volatility and hence the price can be manipulated by big players who are generally referred to as whales. Still the system of issuance of new Bitcoin cannot be controlled and hence it remains decentralized.

Today Morning, One Thing came in my mind. BTC is really an amazing concept not only for the rich people while the for poor also, because no one can control the price of btc. For example, at 2017 -2018 if you are invested in btc then right now you can collect a huge amount to use like in education , in health, in your family or your future plan.