Type of people who buy bitcoin. - page 4.

famososMuertos

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Quote from: TheBitcoineers on March 25, 2021, 06:08:12 PM

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.

Sometimes I have wondered why bitcoin does not reach more common people, because adoption does not grow where it has to grow, ordinary people, otherwise it is being given by the institutional, investors.

And the reason lies in your question, basically misinformation or the belief that you can only buy bitcoin and the most poor believe that it is for an exclusive target of people rich. As long as the minimum unit satoshi exists, there will always be the possibility of being part of Bitcoin.

bitzizzix

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Anyone can do it but should learn it before doing it, and you can do it from a small amount to invest in bitcoin if your income is limited.
do it gradually and buy in a position the bitoin price drops slightly and that way your investment can grow even though gradually in a small amount.
Don't waste this opportunity because even if you have limitations with your income, your intention is a good move and you will enjoy it when the bitcoin price goes up.

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I don't have any kind of funds like into a workplace instead I tried to make an extra income or additional sources like having an extra job to different companies, as a freelancer into a web developing and photo and video editing so mostly my funds goes to the Bitcoin the reason why? I trust the power of bitcoin volatility. I know it takes a few years before it goes to another ATH but again risk management.

From the previous ATH I pulled out and make another chipces that is trying to trade even though it's much riskier. But knowledge gives you a potential to avoid mistakes and losses

amimarah5

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i did bought small amount some times. a small investment for at least 5 years should be okay.

James Watson

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There may be the following kinds of people buying and selling bitcoins: 1. Technical school: They are interested in blockchain technology, and buy and sell bitcoins on this basis. 2. Miner: Needless to say, it is actually a branch of the technical school. 3. Speculators: I heard about the myth of Bitcoin's wealth creation and entered the currency circle, but they are basically all leeks. 4. Professional: a trader who has worked in futures or foreign exchange transactions, etc., understands some basic knowledge, has investment experience, and enters the currency circle to make money;
In summary, I think even as an ordinary person you can buy a small amount of Bitcoin as a long-term investment.

verita1

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Anyone can buy bitcoins. As the other members say, you can buy any fraction you can. It is better than having fiat money in any bank account is what I think. How much profit can you get with fiat in a year? You can also diversify your portfolio with some altcoins and you will see a good profit.
If you have been excited about buying bitcoin, I think it is a good choice. Now bitcoin has more support from large investors who have the idea of investing for the long term.

MCobian

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Why is the popularity of Bitcoin rising so fast, because Bitcoin can indeed be bought by anyone according to the finances of each person.
It doesn't have to be rich people who can invest in Bitcoin, but poor people can buy Bitcoin. It depends on how we manage the money we have,
if we are right in managing the income we get, we should be able to buy some of Bitcoin. Maybe it's just people who have no income at all
who can't buy Bitcoin. Because as long as we have income, should be able to buy Bitcoin.

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Quote from: TheBitcoineers on March 25, 2021, 06:08:12 PM

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.

Why not, they have a chance to buy bitcoin. Actually there is no limitation amount to buy bitcoin. Although you just have $10 in your wallet you can buy bitcoin with that. This is why, I always support for those who want make a saving money and I'll recommend bitcoin as their saving place. If they have money per week even per months they can buy bitcoin with the money that they can afford to lose. Like me, before bitcoin price up passed $20.000 I always tried to collect bitcoin as much as I can, I bought bitcoin with $5 per days and everytime I had money.

Josefjix

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I can only speak of the situation in my own country, the minimum wage here is Just $80, people need to feed and pay bills what would be left for an average person to invest in Bitcoin? There are people who still starve themselves to get bitcoin in their wallets regardless of the economical situations in the country. I believe it is applicable to other regions of the world as well.

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Quote from: TheBitcoineers on March 25, 2021, 06:08:12 PM

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.

Well, yes they can. If they have an extra amount and they are crypto enthusiasts --perhaps they will purchase bitcoin even a small amount and save it like your monthly saving that can be used in the future when you needed most financially. There is nothing wrong if you are normal people that earned a minimum wage monthly, even me, I am working at a minimum wage to sustain my family, and sometimes back then when the bitcoin price was down too much I can still manage my money to invest in bitcoin. It is a good investment at all.

Bilgent

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Quote from: kawetsriyanto on March 26, 2021, 04:56:21 PM

Once again, there may be misunderstood about the people who are buying or getting into Bitcoin. this is something quite different from the money or asset to have in the real world. In Bitcoin or other cryptocurrencies, everybody has the similar right to buy bitcoin in whatever amount. we can buy Bitcoin from small amounts to big amounts. Sometimes, whales will be dominant, but we can be ourselves to get profits from Bitcoin,. We can add from point to point to get the profits and get more amount of bitcoin again.

Yes, I agree. Bitcoin is not only for rich people. All people have the same right to buy Bitcoin. It is just a matter of the amount of Bitcoin you are able to buy. Not everyone has the financial power to buy high amount of BTC (especially when the price is too high).

kawetsriyanto

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Once again, there may be misunderstood about the people who are buying or getting into Bitcoin. this is something quite different from the money or asset to have in the real world. In Bitcoin or other cryptocurrencies, everybody has the similar right to buy bitcoin in whatever amount. we can buy Bitcoin from small amounts to big amounts. Sometimes, whales will be dominant, but we can be ourselves to get profits from Bitcoin,. We can add from point to point to get the profits and get more amount of bitcoin again.

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Quote from: TheBitcoineers on March 25, 2021, 06:08:12 PM

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.

No, absolutely not, bitcoin isn't for the elite or rich people alone, bitcoin is for everyone in the world who believes in the technology, also I think people who are able to live comfortably on their money wage and still have some left over can buy bitcoin, i believe they are alot of them out, it's not mandatory that someone must own 1 bitcoin, even if you buy piece by piece or own a few million sats you're okay, you don't need to buy one buy at a time.

mazdafunsun

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The age where only rich can buy stocks is over. Not to talk about crypto, crypto has been accessible to poor and average citizens from the start, in crypto the rich are getting in later than average joe. Also the companies are getting in later than person with normal income.

Bitcoinislife09

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Quote from: TheBitcoineers on March 25, 2021, 06:08:12 PM

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 guess even if it is a small amount as long as you know what you are doing and know the potential of bitcoin you could still buy it and invest in it. I just started in bitcoin with just buying 20$ of bitcoin weekly and then just started from that 20$ to buying and selling my bitcoin when the price is pumping and when the price is dumping. If you do that in the past years continuously you could easily earn a good amount of profit today considering the market price of bitcoin today is around 50k$ and way back it was just around 400$ so you could easily earn a profit as long as you know bitcoin and buy it that time.

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Quote from: TheBitcoineers on March 25, 2021, 06:08:12 PM

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 as long as they can afford to. It's not like you have to be extremely rich or privileged to buy bitcoin. People with minimum wage can also invest in bitcoin as long as they are willing to lead a frugal life and save every penny they can in bitcoin. You don't have to buy one whole bitcoin. You can buy fractions of bitcoin. Try saving like $25 bucks a week and you will have around $100 to invest in bitcoin by the end of the month. Keep doing this and you will invest around $1,200 in a year. That $1,200 might turn your life around in the future who knows.

ene1980

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Quote from: MinoRaiola on March 26, 2021, 11:48:45 AM

I think it is people who think a lot about the future and find the current situation unsatisfactory. you need courage for change, technical understanding and healthy skepticism, then bitcoin will be a solution. It is also important to want to take a risk, because we do that in the short term ... for more than a decade I see it as a minimal risk.

The problem with majority of the common investors is that they do not want to take much risk and i am not expecting people to invest when the price is this high. It is not about technical understanding as there are none to identify why and when the price will rally unless you have huge investment coming in and small time investors will be cautious about the high volatility as well.

MinoRaiola

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Quote from: Cvetik56 on March 26, 2021, 08:45:30 AM

I think now almost all types of people buying bitcoin. It became popular at 2017 and becoming more popular since then. As for me, i'm freelancing and spend about 10% of my month earnings into btc.

I think it is people who think a lot about the future and find the current situation unsatisfactory. you need courage for change, technical understanding and healthy skepticism, then bitcoin will be a solution. It is also important to want to take a risk, because we do that in the short term ... for more than a decade I see it as a minimal risk.

suzanne5223

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This reminds the story of a Norwegian man that bought $27 worth of Bitcoin in the year 2009, he kept and forgot about them but he later discovered their value had a pump to $980,000 in the year 2014.
Listen, it not about how much money you have, how expensive it is now but it about you seizing the opportunity the market brings forth and you have good knowledge about how to invest profitably.

slapper

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If you have some extra money, you can buy bitcoin, no matter how many in the quantity. But due to the high fee, it would be a waste of money to buy bitcoin on a small scale. In my country, I know a guy whose salary is about $400 but still tries to save $50 each month for his wet dream with bitcoin, lol. And I do respect this man.

However, I believe that there are lots of options for people with small wages, such as Ethereum, Binance coin, etc. But first, you need to dig deep for good information and also remember to buy during the dip. You might suffer a huge pain if you choose to buy on a peak.

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