Topic: What do you think only the rich can make profit from Bitcoin? - page 2. (Read 3007 times)
November 12, 2018, 04:19:57 AM
The % of profits are the same whether you buy 1 btc or 1 satoshi, but the difference is that the rich can manipulate (no all "reach" of course, but, for example, owners of exchanges, coins, etc.) to rip off the poor. So it's harder for the poor to earn, as there are always manipulations and "temptations" that generally lead to financial loses. But if you smart enough not to get in that traps, the market is open for you!
November 12, 2018, 02:56:13 AM
It is true that bitcoin can be used by both the poor and the rich. But the rich can make more gain in bitcoin than the poor because if both are holding bitcoin and the price went further down, the rich can afford to buy more at the new lower price so that he can resell at the nearest price reversal while the poor will continue to hold on the former position with patient till there will be complete price reversal before he can make any headway.
November 12, 2018, 12:22:15 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.
That's correct. Bitcoin is for everyone who wants to invest and earn. But make sure they know the risk and they should learn the in and out of the business. They also need to learn the basic trading and how to read the chart. 
November 11, 2018, 08:59:09 PM
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 disagree. Bitcoi investments don't revolve around the rich people. There are far more people who are knowledgeable about the technology who are also below and right in the middle classes of families. Bitcoin investments are easy to understand that's why it is not only the rich that gains a lot from this investment.
November 11, 2018, 07:51:43 PM
People with less capital can make profits from bitcoin. I am start in crypto without a large capital and i am start by join in bounty campaign. Bounty program helping people with less capital to earn token and coin and they can convert it to bitcoin or they can hold the token. Many opportunity to earn in crypto world
November 11, 2018, 05:19:30 PM
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 tend to lead an idle life and are not interested in development, technology and innovation. Bitcoin is rather designed for smart and progressive people who want to get rid of the shackles of taxation and have a more free way to pay for goods online. Anonimnosti a very important aspect. Of course, many programmers are now rich and this is quite logical.
November 11, 2018, 05:16:16 PM
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.
Well you are right some people thinks that only rich people can make money with bitcoin but its not true. I guess some of them are still newbie and need some guidance so they can cope up with others. I am not rich just like in some of you im just an average person and im glad that I can earn profit and some benefits from bitcoin. You dont need to be rich , you just need to use your knowledge to earn. 
November 10, 2018, 03:14:40 PM
I am not considered rich yet, but I already get my profit from bitcoin.Now of course less than last year.But I hope that next year will fix everything.The rich naturally have more opportunities for implementation,because bitcoin is not very cheap,even now.But with the right approach and small investments can make good money,unless of course you have a professional flair and special skills.
November 10, 2018, 10:13:12 AM
I think the use of Bitcoin is not about rich or poor. The real thing here is on investment. Because the one who has invested so much money will get the same profit. It can be 10 bitcoin , 0.1 bitcoin may be. So investing in the amount of money invested on the investment. The profit will come on her. In addition, there are some profits in Bitcoin trading. There are many people who have returned their fate to Bitcoin trade.
November 10, 2018, 07:28:13 AM
Interesting question.
Partly, I can agree with your opinion.
More reach people have more funds and can, buy more bitcoin.
More bitcoin can mean more profit in the future (or more loses).
But, don't forget users who recognized value of bitcoin long time ago, 8, 7, 5 years ago.
They could buy a lot btc very cheap before and now they are already reach just because they was in the right time at the right place.
Partly, I can agree with your opinion.
More reach people have more funds and can, buy more bitcoin.
More bitcoin can mean more profit in the future (or more loses).
But, don't forget users who recognized value of bitcoin long time ago, 8, 7, 5 years ago.
They could buy a lot btc very cheap before and now they are already reach just because they was in the right time at the right place.
November 09, 2018, 01:03:07 PM
Its not a matter of only the rich its a matter of following the rules of the game making the right moves and the right investments even the rich can also get poor in a matter of time if precautions are not applied its a two way thing,the rich can get richer or poor the poor can get rich or poorer
November 09, 2018, 12:27:55 PM
Profit can be in one dollar or maybe in thousands of dollars, it is depend upon how much you have invested. it might be possible that rich people can get high profit and on the other side poor or middle class people can earn low profit as compared rich.
You deed make a good point but the most important aspect of every investment is time which I believe you'll agree with that time is very vital in every business setting. However, in the early days of Bitcoin do you know how much those that invest $29 worth now. Therefore, I don't believe in the gravity of ones money because if not invest the money at the right time such person will make losses. 
November 09, 2018, 12:13:59 PM
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.
their assumption is wrong ... I've seen people who have big capital losses in Bitcoin, people who have a small amount of capital profit in Bitcoin, the point is smart, thorough and patient, don't carelessly buy and sell, because if you do a wrong step then the loss that we will only get. Bitcoin doesn't care, rich or poor, Bitcoin is free and very ready for anyone 
November 09, 2018, 11:43:40 AM
Ofcourse wealthy people has a big advantage compared to middle and poor people. They have lots of money to invest to and they can get bigger profits unlike poor people like me,i started with $150 and with that i only have little profit. In trading, the higher funds get higher profit. However, some things can start in small before it becomes bigger.
November 09, 2018, 11:33:21 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.
Wealthy individuals has more advantage compared to poor people in terms of profit in Bitcoin due to their ability to hoard huge amount of funds unlike less fortunate ones like me that can only afford small denominations or fractions of Bitcoin. It is not actually for the rich people because of the fact that it was intended as a currency not an investment, so we can use it all regardless of social status and we are the one who made or use it that way. 
November 09, 2018, 11:25:24 AM
for newcomers I agree that it would be difficult to get 1 BTC because in terms of time and finance it would take a long time different from the rich people who directly invest in bitcoin and have a calculation of getting thousands of dollars. if you have all the money it's possible but crypto is not just that, we also need an investment strategy
November 09, 2018, 11:13:36 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 ddon't agree that only rich can make profit with bitcoin i will give my own example that am educated but not rich and not having a rich family but i have worked for the users in different assignments and they have paid me bitcoin which makes me very happy that due to some talent and skills i am able to make money while rich can make through money and in that the chances of profit and loss both are available.
November 09, 2018, 11:03:49 AM
Not only rich people can make profit from Bitcoin. People with small income can invest in cryptocurrency too.
You can invest small amount of money and have profit.
But you should be smart and do research before investing money.
You can invest in companies and have no profit at all or have great profit. Same with cryptocurrency.
You can invest small amount of money and have profit.
But you should be smart and do research before investing money.
You can invest in companies and have no profit at all or have great profit. Same with cryptocurrency.
November 09, 2018, 10:50:44 AM
A lot of capital could help a novice investor / trader. However, it all depends on the mind and experience of man. A stupid person will not be helped by any money - he will always have time to lose them on the exchange/ in a failed investment. Therefore, everyone, if he has the mind and experience, can profit from Bitcoin.
November 09, 2018, 10:38:35 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.
Investment in bitcoin is not only for rich people. but people who have enough money because to get profit from bitcoin requires capital. if the capital is large then it is likely to get a big profit too. but if small capital gains are also small.
all groups have the same rights because bitcoin is decentralized, allowing large investors to have a larger profit structure that is more visible in their favor. But everyone has the right to form stigma in market movements and and with conditions that can be reached by all users. Don't always see people who are more fortunate because individual skills really determine the profits earned.
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