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Topic: What do you think only the rich can make profit from Bitcoin? - page 17. (Read 3007 times)

sr. member
Activity: 830
Merit: 258
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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.
Indeed it will take a lot of time for people to implement it to different things. Different spheres will try to implement it to use cases which are possible, but also people will be worried about the goverment which always control money circulation and if it's not allowed you can get a fine, but earining from it will be possible later for all social levels
full member
Activity: 728
Merit: 101
Bitcoin is the currency of this age
The bitcoin currency is an open platform for all to take advantage of, both the rich and the poor, If your are poor, invest at your level, acquire knowledge about how to increase your earning and portfolio in the Bitcoin, with consistency, patience and focus, you can be sure you will become rich. Bitcoin give opportunity for all.
full member
Activity: 2520
Merit: 204
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 and poor have right to make benefits in bitcoin
Bitcoin is for all people niot only for the rich people
Bitcoin created to help people to grab the opportunity given by the new technology
full member
Activity: 476
Merit: 100
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.
Absolutely not! Anyone can profit from Bitcoin. The only difference is that the rich can earn much more because they can afford to invest more. Let's say an average person invested $1000 and made a x10 return, that's $10000 for him. Not bad. The same time a rich person invested $50000 and the same thing happened. Now that's $500000! Both made a profit which is great but the difference between their earnings is huge!
member
Activity: 1302
Merit: 25
Your return in investments are commensurate to your earnings,you can't expect to invest 100$ and earn more than someone who put in a 5000$

The point is that $100 invested has the capacity to increase much faster than other areas of business. Like for example, during the last December trade, some small traders experienced high financial growth on their investment.
member
Activity: 420
Merit: 10
I think rich people are to blame for the fact that the price of Bitcoin is falling. Many have already lost 70% of their investment portfolio due to incomprehensible panic.

Who makes this panic? Anyone who wants to buy cheap bitcoin
member
Activity: 322
Merit: 11
I think even rich people can lose a lot of money on Bitcoin investments.

This is a very dangerous business and a very small circle of people earn from investing in Bitcoin
full member
Activity: 826
Merit: 104
bitcoin is a user friendly crypto and anyone can use it and make profit by trading.
its not only for rich people but also for poor.
there are many people who doing daily profit from bitcoin trading.
member
Activity: 364
Merit: 13
Bitcoin as a currency and payment system can be used by all the people. Also, for earning money there are many people form different classes involved in cryptocurrencies. There is no need to be rich.
Some can afford to buy 100 bitcoins and some can afford to buy 0.01. All people can invest and all people can earn money. All people can trade and all can work for cryptocurrencies. I am sure many people here in the forum are in the lower middle class.
jr. member
Activity: 154
Merit: 2
Well bitcoin is a cryptocurrency investment that need high capital to purchase it in its whole form and not in fractions and just like in every investment the higher your capital the higher your profit. Although bitcoin can benefit both the rich and poor but the profit level of those that invested substantially is high if the market is Good. But if the market is reversed then the loss Is higher
hero member
Activity: 1040
Merit: 538
Defend Bitcoin and its PoW: bitcoincleanup.com
Of course not only the rich people can make profit. Poor or less financialy stable people can make money trough Bitcoin. For an example I have made some decent amount of money from pretty much nothing because I didn't have the money to buy and trade Bitcoins. But it is also true that rich people make a very larger profit because they have more money to invest. Only the intelligent and smart can make more profit than them.
jr. member
Activity: 266
Merit: 4
As bitcoin grew in value, it started to be valued in fractions of it, which are popularly referred to as Satoshis.
This makes it possible for people to buy the amounts they can afford.
Trading is also a way to earn profits in cryptocurrency. And you can start with little capital (that is even advisable)
jr. member
Activity: 34
Merit: 1
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
sr. member
Activity: 560
Merit: 251
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.
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