Topic: What do you think only the rich can make profit from Bitcoin? - page 15. (Read 2966 times)
November 02, 2018, 05:12:21 AM
Everyone can be making profits for the bitcoin. Investment, trading, holding everyone do it and get more profit.but rich man do it invest huge money and get more profit it deffernt something.
November 02, 2018, 05:00:06 AM
Everyone can invest in bitcoin. The only reason why people thinks that only the rich can make profit from it because they are the ones who invest more. Of course, the more you invest, the higher are the chances of more profit obviously. It is unbelievable to think that if you invest $500, the profit is immediately $1M. That is dreaming on.
November 02, 2018, 04:57:42 AM
A few people thought that Bitcoin investment is intended for just the rich to make the additional reach. That isn't true. Bitcoin can be utilized by either the rich or poor to make benefit. It requires smartness, patience, and less greediness both make a good profit from Bitcoin.
I agree with you, the point is anyone who understands how bitcoin provides benefits, so he can do it without any provision of rich or poor. because to get profit, the main key is patience, perseverance, strategy, planning, even with small capital.
November 02, 2018, 04:51:13 AM
A few people thought that Bitcoin investment is intended for just the rich to make the additional reach. That isn't true. Bitcoin can be utilized by either the rich or poor to make benefit. It requires smartness, patience, and less greediness both make a good profit from Bitcoin.
If we are observant and feel worthy of getting bitcoin, then we will immediately jump into it, don't think only rich people are able to get bitcoin, but everyone who is capable and intends to want bitcoin. Courageous and ready to take every decision with all the risks to make a profit.
November 02, 2018, 04:50:21 AM
Yes it right, only people have many bitcoin could take and get profit, how come we do not have bitcoin or money for starting investment or trade on bitcoin, we need money and bitcoin for getting profit with bitcoin or altcoin investment.
November 02, 2018, 04:35:21 AM
Let's not just call rich people profit. Let's say that rich people can be more profitable. Ultimately, the big investment will be big. But the damage is the same way.
November 02, 2018, 04:31:33 AM
That's true to some extent given they're using huge funds.
November 02, 2018, 04:30:05 AM
In fact, it is not necessary that only rich people can earn profit from bitcoin. This is a great platform where a poor person can also make a good profit. Yes, of course, that rich people earn a lot of profit because they have more money to invest. But if the work done with correct information by thinking in the right way, the poor person can also make more profit from the rich person.
November 02, 2018, 04:30:01 AM
No I don't think so why because:
The crypto market is not meant for the rich alone, because can't buy all the coins in the market, Moreover all money isn't in the hands of the rich alone so the poor will still have some amount of $ with them and if they can use some of it to invest into crypto, then with this the market dosen't belong to the rich alone.
The crypto market is not meant for the rich alone, because can't buy all the coins in the market, Moreover all money isn't in the hands of the rich alone so the poor will still have some amount of $ with them and if they can use some of it to invest into crypto, then with this the market dosen't belong to the rich alone.
November 02, 2018, 04:08:18 AM
I don't think that's true. I'm not a rich person. But last year I made a big profit. I lost some of it later, but I kept my profit again.
November 02, 2018, 04:04:49 AM
I think it just depend on your knowledge and research about crypto. Even though the rich has opportunity to make good profit. Also ordinary man can make profit even with the little cash. It's just a matter of knowledge and research.
November 02, 2018, 03:33:57 AM
I am very grateful to Bitcoin came into my life even though its too late for me to take actions. When I started buying small % of Bitcoin and other alts before and if their is an incremental of 30% I can not withdraw my profit and investment because the capital that I put in was less and I need to pay trading charges also, compare to the rich people who put big capital and 30% such a huge difference.
November 02, 2018, 02:45:48 AM
A few people thought that Bitcoin investment is intended for just the rich to make the additional reach. That isn't true. Bitcoin can be utilized by either the rich or poor to make benefit. It requires smartness, patience, and less greediness both make a good profit from Bitcoin.
Rich people, old people, young people, poor people, as long they can make profit and can manage their assets well, they can be rich in crypto. That is why crypto is loved by a lot of people because it can be used by any kind of people. November 02, 2018, 02:43:45 AM
Your return in investments are commensurate to your earnings,you can't expect to invest 100$ and earn more than someone who put in a 5000$
It's just basically easy to figure out,the major constraints in investing is limited capital,and so since the rich have enough capital to throw about,definitely they'll earn higher than those with far less capital
Smartness,patience and less greediness are vital tools in trading/investing
But the major determinant is investment capital,without it, the aforementioned tools are useless
I agree with you and that's the reality in this world. Those rich people can influence in any form of business. Although the poor can earn but it's just a little portion to those who invested huge amount of money. It's just basically easy to figure out,the major constraints in investing is limited capital,and so since the rich have enough capital to throw about,definitely they'll earn higher than those with far less capital
Smartness,patience and less greediness are vital tools in trading/investing
But the major determinant is investment capital,without it, the aforementioned tools are useless
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November 02, 2018, 02:13:48 AM
When it comes to trading then you can bring in the money game because the higher your capital the bigger your gains but in investing, patience is the key not money. There are many individual who have become rich today because of their level of patience. A less patient investor may invest more than you but won't gain as much as you did because of lack of patience so I don't think only the rich can make profit from bitcoin, it takes more than just money to succeed
November 02, 2018, 01:45:56 AM
Your return in investments are commensurate to your earnings,you can't expect to invest 100$ and earn more than someone who put in a 5000$
It's just basically easy to figure out,the major constraints in investing is limited capital,and so since the rich have enough capital to throw about,definitely they'll earn higher than those with far less capital
Smartness,patience and less greediness are vital tools in trading/investing
But the major determinant is investment capital,without it, the aforementioned tools are useless
I agree completely. Capital changes everything and this is what differentiates the rich from the poor in a huge way. This logic applies to literally every financial market and it will always stay true. It is infinitely easier to earn huge profits by investing more money instead of trying to turn small amounts into big money. 2017 was an year in which even the small traders hit it off and earned big through small investments which is why you can only imagine how much the big traders earned through their large scale investments. This difference will always exist and the rich will always have the advantage. It's just basically easy to figure out,the major constraints in investing is limited capital,and so since the rich have enough capital to throw about,definitely they'll earn higher than those with far less capital
Smartness,patience and less greediness are vital tools in trading/investing
But the major determinant is investment capital,without it, the aforementioned tools are useless
November 02, 2018, 01:41:57 AM
A few people thought that Bitcoin investment is intended for just the rich to make the additional reach. That isn't true. Bitcoin can be utilized by either the rich or poor to make benefit. It requires smartness, patience, and less greediness both make a good profit from Bitcoin.
I don't really believe this point, alot of small investors are making profit int he space, the reason I would agreed with this is that rich people have huge appetite for risk and won't be checking their laptop for Bitcoin price performance daily, they can invest and walk away until the price meet their exit position November 02, 2018, 12:23:27 AM
Bitcoin is blessing for both rich and poor people.But every profit needs investment.It is more easy to invest huge amount by rich people compare to poor.But poor and rich both are involving in bitcoin.
November 02, 2018, 01:06:36 AM
maybe at this time yes only people who have capital can get access to crypto currencies because in my country crypto currencies have not been fully recognized by the government so to get the need for access and of course need money
November 02, 2018, 12:03:26 AM
A few people thought that Bitcoin investment is intended for just the rich to make the additional reach. That isn't true. Bitcoin can be utilized by either the rich or poor to make benefit. It requires smartness, patience, and less greediness both make a good profit from Bitcoin.
I agree. It is just about the strategy you used. It is not only rich people that could ain profit in bitcoin but also those who are willing to do everything and find ways to have something to invest too. I think most poor people are being patient all the time and content on whatever profit they could have. Jump to: