Topic: Type of people who buy bitcoin. - page 5. (Read 937 times)
Some people still think that bitcoin is easy money and they are ready to spend their last credit money to buy crypto, you know
Invest in Bitcoin doesn't have to do with class (rich or poor) but understanding the market cause the market will present an opportunity to buy low (we people who have to understand and trust Bitcoin are the early stage)and the last time I checked the dream of every normal people working minimum wages is to hold a single Bitcoin which is purpose. Most people who are Bitcoin Millionaire before the institutional investors joined the market are minimum wage people
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... It won't be that easy for the developing countries. They are still striving for the daily needs to they could just hope or dream for the bitcoin one day. I mean the denominations for the different countries are as follows and but not limited to them only!
1 BTC = 1,98,74,824 Nigerian Niara
1 BTC = 40,00,000 INR
I mean one is under developed and other is almost modest country but there currencies are off the chart when compared to the Bitcoin.
You see owning whole BTC is big challenge. Im sure everyone can buy bits, but considering the fees and conversion rates, pssshh, that would sweat the butt!
1 BTC = 1,98,74,824 Nigerian Niara
1 BTC = 40,00,000 INR
I mean one is under developed and other is almost modest country but there currencies are off the chart when compared to the Bitcoin.
You see owning whole BTC is big challenge. Im sure everyone can buy bits, but considering the fees and conversion rates, pssshh, that would sweat the butt!
It won't be easy for some, but it ain't impossible either. Now, it's going to be completely up to them if they would adjust their lifestyle for them to be able to stack more sats or not.
As for conversion fees, they're percentage based though. So if the money you're converting is low, the fees(in fiat value) is going to be low as well. As for owning one whole bitcoin, seriously, while it's a good goal have, people should stop becoming too obsessed, thinking that having one whole unit should be a requirement or something.
The only thing a minimum wage individual can do is invested a fraction of her earning into Bitcoin rather than saving her fund in the Bank
It won't be that easy for the developing countries. They are still striving for the daily needs to they could just hope or dream for the bitcoin one day. I mean the denominations for the different countries are as follows and but not limited to them only!
1 BTC = 1,98,74,824 Nigerian Niara
1 BTC = 40,00,000 INR
I mean one is under developed and other is almost modest country but there currencies are off the chart when compared to the Bitcoin.
You see owning whole BTC is big challenge. Im sure everyone can buy bits, but considering the fees and conversion rates, pssshh, that would sweat the butt!
1 BTC = 1,98,74,824 Nigerian Niara
1 BTC = 40,00,000 INR
I mean one is under developed and other is almost modest country but there currencies are off the chart when compared to the Bitcoin.
You see owning whole BTC is big challenge. Im sure everyone can buy bits, but considering the fees and conversion rates, pssshh, that would sweat the butt!
It won't be easy for some, but it ain't impossible either. Now, it's going to be completely up to them if they would adjust their lifestyle for them to be able to stack more sats or not.
As for conversion fees, they're percentage based though. So if the money you're converting is low, the fees(in fiat value) is going to be low as well. As for owning one whole bitcoin, seriously, while it's a good goal have, people should stop becoming too obsessed, thinking that having one whole unit should be a requirement or something.
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.
Well, it's not just about buying, bitcoin is also used as a wage payment in work. I am one of the people who works with bitcoin payments. never did. If you mean the elite people alone can buy it. it is the wrong thing,even those who really want to trade with $10 capital can already buy bitcoin on binance.
In summary: You can buy bitcoin as long as you have money regardless of your financial situation, and remember that you can buy fractions for a bitcoin. Regardless how crappy and how low-paying your job is, as long as you are able to save some money, then sure you can buy bitcoin. But of course, obviously the wealthier people would be able to take advantage of Bitcoin more; just as with any other investment.
It won't be that easy for the developing countries. They are still striving for the daily needs to they could just hope or dream for the bitcoin one day. I mean the denominations for the different countries are as follows and but not limited to them only!
1 BTC = 1,98,74,824 Nigerian Niara
1 BTC = 40,00,000 INR
I mean one is under developed and other is almost modest country but there currencies are off the chart when compared to the Bitcoin.
You see owning whole BTC is big challenge. Im sure everyone can buy bits, but considering the fees and conversion rates, pssshh, that would sweat the butt!
Like a lot of people I found interest in btc in 2017. I have small business and keep 50% of my savings in btc, 10% in other altcoins and the rest on bank account. At first wife was suspicious about it, but now she's supporting me.
Sure, anybody can buy Bitcoin. You buy it based on your pocket size. Like me, i do not have up to 1 Bitcoin now but i have other altcoins. Even if you can not buy 1, buy fraction. All hands are not equal. Go and buy Bitcoin, do not be left out.
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 is welcome to invest in bitcoin regardless of your status in life. So as long as you have the money to buy bitcoin then you can engage yourself in crypto world, because there's no discrimination here.
The advantage of well-off investors are, they can accumulate more even the price is expensive while average users (like me) needs to timing the market to take advantage the correction.
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.
Have you heard who millennials are? According to statistics, they are the most popular Bitcoin buyers. But this does not mean at all that the older or, on the contrary, the younger generation are not fans of bitcoin. Today, the popularity of bitcoins is growing at a high speed, information about it is spreading from all sides, so those who are informed in one way or another try to invest in bitcoin as much as possible. There is no need to think that bitcoin is intended for some privileged segments of the population, on the contrary, you must always keep up with the times and try to regularly buy bitcoin, despite and not being afraid of its growth or decline.
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.
You don't need to be a financial or economic expert to conclude that there are people who can't afford to buy Bitcoin because they earn so little that it doesn't even cover their basic living needs. They don't care if the price is $100 or $10 000, the only thing that matters to them is that they can put some food on the table every day, because there are people who are practically starving, and statistics say that almost half of the human population is hungry, and about 10% literally die of hunger because they don’t even have a plate of rice a day.
On the other hand, those elites you mention have the money to live a hundred lives, and they don't care too much what the price of BTC is - they just want to get into the game, and they will pay regardless of the price. However, we cannot say that people did not have enough time to invest in BTC at far lower prices than is the case today, because back in 2016, 1 BTC could be bought for less than $1000.
Anyone that has money can buy Bitcoin (granted they know how). The only difference is that they wouldn't necessarily buy it even if they had money since it's an issue of whether they should even buy that or not. It's a matter of priority in this case I suppose. The most comfortable level to those who want to buy Bitcoin would probably be people who have jobs, constant ones that pay pretty well as well as having not much expenditure when it comes to expenses. I'd reckon some people have proper jobs yet can't earn properly due to them paying bills and the like of family members.
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.
Actually a normal people who are having a minimum wage can acquire bitcoin and also students. I'm a student and I am acquiring bitcoin way back when the price is around $13,000 and it is proven that students and also people who are working for a job is also applicable on having bitcoin because as long as you have some extra money, you can buy bitcoin little by little. You don't need to buy a 1 whole bitcoin but you can buy a little piece of it and you can also called it as an investment. It's more likely when you are buying a stocks, even though you've buy a cheaper stocks but later on it may grow up.
Yeah, i'm working at storehouse and buying small amounts of crypto sometimes. Around 50-100$ in two-three months. I feel safe to keep my investments there, i'm hodling some altcoins too.
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 reality is that bitcoin being an investment makes people who enter this market have to have money, a poor person who does not have food will not take the money that could buy food to invest in bitcoin. and in the case of bitcoin the situation becomes more complex and difficult for poor people if they want to buy bitcoin
example from my country:
imagine an employee earning $50 minimum wage. this person decided to buy bitcoin, but just to buy bitcoin using a debit card this person must have 50 $, they do not accept value below $50 and have the fees, so that person would have to borrow some money or stop eating for months to join money to be able to buy bitcoin
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 as a low or minimum wage earner by just buying small fractions of them in the form of satoshis. Same thing with other cryptocurrencies where we could buy what we can afford to lose. Some of my friends who are just working for minimum wage even buy small fractions of Bitcoin from time to time and keep accumulating it along with other altcoins.
anyone can buy a small amount. anyone who wants to invest their very little amount of money in order to have a better chance in the future will buy BTC. you don't have to be a millionaire but having just internet access will give you a chance to win.
certainly, the ones who can afford are buying BTC, the rich ones are buying BTC because they are also investing. you could also say there are criminals also buying BTC.
the elite sure are the ones going to be the big buyers. you can look at elon musk. we never know how much BTC he got.
certainly, the ones who can afford are buying BTC, the rich ones are buying BTC because they are also investing. you could also say there are criminals also buying BTC.
the elite sure are the ones going to be the big buyers. you can look at elon musk. we never know how much BTC he got.
Just don't check who is buying bitcoin and in how much amount everyone is accumulating. The important thing is how much bitcoin we are accumulating. Most of us are not whales so we cannot buy more bitcoin but that does not matter. Each person should accumulate as much as he / she can, as they will know the true potential of bitcoin in 5-10 years.
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.
Bitcoin investment is for those who have the ability and willingness to purchase bitcoin and hold for future profit benefit. If you are earning $10k weekly or monthly, you can choose to invest the $10k or $5k according to your power. Jump to: