Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.
Topic: Type of people who buy bitcoin. - page 3. (Read 844 times)
I will say the types of people who buy Bitcoin are the liberated souls and those who are open minded to loads of things including technology and all that it comes with. It will wow you to know that loads of people are yet to tap into the Bitcoin network both as investors or as workers and they are actually over qualified for it.
I'm pretty sure not only the privilege one can buy it, i mean everyone can if they are willing to save their money to buy bitcoin. Or even, people can still earn bitcoin without buying it, like joining signature campaign or something. It's free, you just need to work hard and earn those coins.
Although it might be easier for the rich to buy bitcoin, since the price is so high and might be unreachable for some people with low wage. But still it's not like it's impossible to do. There are a lot of way to get bitcoin without buying it, and those who can't afford btc by buying it might be able to try those things instead.
Bitcoin is totally expensive if you think of its price but that doesn't mean that it's only for wealthy people because bitcoin is made for everyone. Of course, those only who can afford can have it either you take money from loans or from your hard earned savings. But the more you have money, the bigger the opportunity to invest in bitcoin. You can still earn bitcoin from signature campaigns but it will take time for you to earn that amount to pay the price even a fraction of it. Although it might be easier for the rich to buy bitcoin, since the price is so high and might be unreachable for some people with low wage. But still it's not like it's impossible to do. There are a lot of way to get bitcoin without buying it, and those who can't afford btc by buying it might be able to try those things instead.
I'm pretty sure not only the privilege one can buy it, i mean everyone can if they are willing to save their money to buy bitcoin. Or even, people can still earn bitcoin without buying it, like joining signature campaign or something. It's free, you just need to work hard and earn those coins.
Although it might be easier for the rich to buy bitcoin, since the price is so high and might be unreachable for some people with low wage. But still it's not like it's impossible to do. There are a lot of way to get bitcoin without buying it, and those who can't afford btc by buying it might be able to try those things instead.
Indeed, there are many ways you can get bitcoin for free. However, currently it is not easy to get it and the number of bitcoins that are obtained is also very small. Unlike in the past, there were lots of bounties and airdrops that gave a lot of bitcoins when the price was still under $100.Although it might be easier for the rich to buy bitcoin, since the price is so high and might be unreachable for some people with low wage. But still it's not like it's impossible to do. There are a lot of way to get bitcoin without buying it, and those who can't afford btc by buying it might be able to try those things instead.
Now getting coins for free seems a waste of time because there are so many rules and very little amount. If you have enough money or just a little bit, you can buy bitcoin gradually. Purchasing in stages is also called an investment in installments or buying it every week. it will also be profitable when the price suddenly starts to rise.
I'm pretty sure not only the privilege one can buy it, i mean everyone can if they are willing to save their money to buy bitcoin. Or even, people can still earn bitcoin without buying it, like joining signature campaign or something. It's free, you just need to work hard and earn those coins.
Although it might be easier for the rich to buy bitcoin, since the price is so high and might be unreachable for some people with low wage. But still it's not like it's impossible to do. There are a lot of way to get bitcoin without buying it, and those who can't afford btc by buying it might be able to try those things instead.
Although it might be easier for the rich to buy bitcoin, since the price is so high and might be unreachable for some people with low wage. But still it's not like it's impossible to do. There are a lot of way to get bitcoin without buying it, and those who can't afford btc by buying it might be able to try those things instead.
This is simple, only smart people will buy Bitcoin, some invest in forex, and other exchanges, but if I have the necessary information it is clear that in a short time the investment made at this time will grow leaving good results, if this is an investment sure, why hesitate?
Are normal people working minimum wage buying bitcoin, even if it is a small amount?
They can, if they wanted to save for their future. When you’re in crypto anyone has the opportunity to buy the amount of sats they want. Unlike the stock market with a lot requirements to able to secure investment, Bitcoin opens door to common people to make investment the amount that they can afford with less hassle.
Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.
the most popular local crypto exchange in my country has a minimum limit for BTC orders around $0.69.
according to this, I can say there's a demand for small BTC orders on that exchange.
the minimum wage here is around $200 per month.
this exchange already has almost 3 million users.
it is just 1% of the total population of my country.
IMO, bitcoin (in general) is for all, but bitcoin transactions might be not for all.
As per my nowledge creative and technology friendly people involve in Bitcoin and buy without any hesitation.It is also seen on social media channels students and young generation too much interest in crypto and Bitcoin as well.Still majority of population related to business owners,government woring class avoid to buy Bitcoin but if proper guideline and educate them about Bitcoin will know the benefits of Bitcoin.I also believe illetracy about Bitcoin is the main reason people avoid to involve in Bitcoin.
Purchasing of Bitcoin is always open to all classes no matter which class you do belong as long as you do have the funds to purchase it they you have the capability to have one or more than that and even just a small part of it. On the old times and early years of Bitcoin existence normal people can have the capability to purchase even 1 Bitcoin but as time goes by, the price gets more expensive giving the rich or elite groups to have an upper hand over the normal people but still normal people take part of the big population of those who purchase and trade or invest with Bitcoin. It doesn't really matter whether you are just a normal people or a rich one because what matter the most is that you have the funds to purchase even a small part of it and do manage to make it big as you get along in your journey.
Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.
Anyone can buy bitcoin even if they are rich or poor. The only condition is to have money that you will use for buying bitcoins. Actually, buying small amount of bitcoins will result to small amount of earnings since it a low risk type of investment but if you will invest a large of money it will be high risk since it will greatly affected because of the fluctuation.
Invest in Bitcoin doesn't have to do with class (rich or poor) but understanding the market cause the market will always present an opportunity to buy low (common people who have to understand and trust Bitcoin are the early stage are doing good now) and the last time I checked the dream of every normal people working minimum wages is to hold a single Bitcoin which is ourpose that can be achieve. Most people who are Bitcoin Millionaire before the institutional investors joined the market are minimum wage people Erick Finnan is an example.
Yes, it is true that to invest you need to have the knowledge but you also need to have the time and above all capital that you can invest. It seems to me that people who embrace change and welcomes technology are among the highest tiers that buy Bitcoin. Unfortunately, at the moment BTC hasn't become so common that any commoner will have but this tends to improve with time...
Lol, most of my friends who didn't know about bitcoin they think if they want to buy BTC they should buy 1 BTC.
Almost all of my friends keep asking me with this kind of question.
The answer is you can buy btc even though you just have 10 or 100$.
Almost all of my friends keep asking me with this kind of question.
The answer is you can buy btc even though you just have 10 or 100$.
Those people who are want to invest to the bitcoin even they earn minimum wage are still have chances to buy but the problem is they need an extra money because their income is mostly use to buy their needs so they need to prioritize it. So sad those people who are rich become richer because they capabality to invest and they hold more years without worrying because they have extra money .
Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.
I believe that Bitcoin is not for everyone and only those who are looking for opportunities to earn extra money buy it. Why did I come to this conclusion? I have many acquaintances who do not want to buy BTC and not because of its high price at the moment, no, they just do not believe in BTC. Yes, they are surprised when I tell them about BTC, but they do not want to buy it, because they think that it is a waste of money. This is why many will not buy BTC and will not be able to earn additional funds. BTC is for those who believe in success and a great future.
Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.
If you only have a minimum salary, I don't think the investment will be their priority but it is likely to prioritize the basic needs of the family.Well, that depends whether he has wife and children. If single, then I don't think money would hinder a minimum wage earner to invest in Bitcoin.
I taught one of my colleague to invest while he's still single. He's a slightly above minimum wage earner but still manage to invest 20% - 30% of his salary to Bitcoin and he's doing it for almost 6 months now. I don't know how much he have right now, but for sure he'll reap what he sow in the future.
We have been seeing cases here when a Simple human , like the one that sold His GF's Car just to buy bitcoin couple of years ago.
this is a great example that people are really into crypto now and understand the benefits of this from the past belief of this is scam.
i did bought small amount some times. a small investment for at least 5 years should be okay.
of course , actually at some point it won't need to take 5 years, Imagine investing last march 2020 when the price is 4k? and now that 55k ? how much profit We can have? 
Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.
If you only have a minimum salary, I don't think the investment will be their priority but it is likely to prioritize the basic needs of the family.Well, that depends whether he has wife and children. If single, then I don't think money would hinder a minimum wage earner to invest in Bitcoin.
I taught one of my colleague to invest while he's still single. He's a slightly above minimum wage earner but still manage to invest 20% - 30% of his salary to Bitcoin and he's doing it for almost 6 months now. I don't know how much he have right now, but for sure he'll reap what he sow in the future.
Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.
That will be something to consider, some were having the interest to buy Bitcoin but money gives a hindrance to start. If you only have a minimum salary, I don't think the investment will be their priority but it is likely to prioritize the basic needs of the family. That really be hard in a situation like that, and I don't want to suggest then committing a loan for this sake because that will only give additional problems later.
I think people are aware of having the investment right now, but most of them do not know how to select the investment instead follow the other people suggestions. It will be too risky for them because they will not know if that investment can profit or scam them.
Bitcoin has never been for any specific type of person or status at any point in time and there isn't a fact that is going to change about this. Like every other currency, bitcoin has other denominations and this was done as to create the vacuum for other minor investments. So, you don't necessarily need to buy 1 bitcoin at $66k, no you can buy as little as you can afford. You have the Btc, mBtc and Sat option to take up an investment with. A friend asked me a few weeks ago if he could buy bitcoin with at least $25 and I said yeah, by all means.
Most times the restriction or obstacle lies in the know how and not necessarily the finance. Especially in crypto ban nations where your at risk using your credit card in buying cryptos but, thats where the p2p option steps in. You just get to know how to use it.
Most times the restriction or obstacle lies in the know how and not necessarily the finance. Especially in crypto ban nations where your at risk using your credit card in buying cryptos but, thats where the p2p option steps in. You just get to know how to use it.
Hello. So, I was wondering if bitcoin is something that only the privileged and elite who have extra money leftover can invest in or not. Are normal people working minimum wage buying bitcoin, even if it is a small amount? Thanks.
That will be something to consider, some were having the interest to buy Bitcoin but money gives a hindrance to start. If you only have a minimum salary, I don't think the investment will be their priority but it is likely to prioritize the basic needs of the family. That really be hard in a situation like that, and I don't want to suggest then committing a loan for this sake because that will only give additional problems later.
That is a difficult to answer because minimum wage varies per country and in my country, minimum wage isn't enough even for daily needs for a month, if you are frugal enough you might have some surplus in money but it won't be enough to consider investing that surplus money in bitcoin. I would say that if the person that is working a minimum wage doesn't have any responsibility such as a family or children then maybe if that person can live in a low maintenance for a month then that person might be able to afford to save money to invest bitcoin little by little.
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