The minimum amount of Bitcoin the poor person can HoDL or invest depends on how much they earn. If a poor person who thinks they are poor have an opportunity as joining and earning from a signature campaign here, a portion of it can be saved, and it would be easier to do so.
Being poor is a mindset actually, the person who thinks they are poor should study themselves properly and shed every unhealthy habit that has kept them poor for awhile now. Thanks for the realization of being poor and forge ahead with a better mindset and see how the statement is reversed.
Topic: What is the minimum amount of bitcoin or satoshi should hold for poor? (Read 487 times)
November 18, 2023, 01:59:23 PM
November 18, 2023, 01:36:15 PM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
The term "poor" is almost as broad as what "rich" is. It will all depend on what the capabilities of that person are financial-wise. I mean I can consider myself a poor person because I'm having a hard time budgeting my monthly salary. At the same time, a person who has a lot of money can consider himself poor as well. A person can buy a single Bitcoin, and consider themselves poor still. Like other users here, I can't say a specific amount as well because this question is kind of irrelevant.
Emphatically, saving Bitcoin as you have the capacity will go a long way, but ensure that it's regular, and before you know it, you might have had so much BTC in your wallet. Note that Bitcoin is always neutral to all, just find the right wallets that can accommodate the little BTC you can afford. With this advice, the supposed poor person might painstakingly gather more Bitcoin if determined more than the supposed rich people, it's a thing of mindset and how you place your priority.
It's never a crime for the less privileged to save more than the rich, he should just have the will, do his bit and be consistent.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
November 18, 2023, 01:30:54 PM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
Well, based on this thread which I just created before I saw this one, I personally assumed 2 million satoshis to be a good number to hold for those who feel they are too poor to afford more, based on the current price of one satoshi today which is around $0.000366 like i mentioned in the thread I shared above, 2 million satoshis will worth around $732 dollars, and if you can be patient enough to hold it till 1 satoshi hit 1 cent, then your 2 million satoshi will be worth $20,000 dollars, if it hits 10 cents for each satoshi, then your 2 million satoshi will be worth $200,000 dollars.The ball is in your court, so it's up to you to decide.
November 18, 2023, 01:21:57 PM
There is no specific minimum number of Bitcoins that should be held and it is a highly individual matter. Investments in cryptocurrencies, including Bitcoin, depend on each individual's financial capabilities and goals. It is important to invest only what you are willing to lose. In other words, you don’t need to jump above your capabilities when investing in cryptocurrency, much less get into debt.
November 18, 2023, 12:44:58 PM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
Oh my. You make it sound like Satoshi defined a specific amount for the different classes of people. There’s nothing like that. Anyone (poor or rich) can have any amount of Bitcoin they want.The minimum amount anyone can have is 0.00000001 BTC, which is currently as tiny as $0.00037. So, make no segregations because Bitcoin is money that is designed for everyone to use equally (no one’s own is more relevant). 
November 18, 2023, 11:59:17 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
It depends on what you call poverty in your country because a poor person in some countries might actually be considered rich in others. For instance, a cleaner in US earning like $10 per hour will be treated like a kind in a place like Bangladesh or Nigeria where even the highly skilled and professional workers may not earn that much. Consequently, while someone from US will see 1BTC as a normal amount of money, someone from a low income country will see 1BTC as a life changing fortune. Therefore, it becomes difficult knowing the quantity of Bitcoin a poor should hold. Holding Bitcoin depends on a lot of factors. It takes a great deal of courage and determination for the poor to hold Bitcoin especially when their basic needs are not met by their income.
November 18, 2023, 10:50:34 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
There is no minimum amount of money to hold bitcoins, and not even for the poor person. Bitcoin only depends on how much money you can invest and how long you can hold it. Basically, when you invest in bitcoins it depends on you how long you hold one, and you get profit according to it. If you invest more money in bitcoins, you will definitely get more profit if you hold it in the future. And if you invest a small amount of money then you will definitely get a small profit accordingly. That's why you have to be patient for a long time to get the same amount of money you invest. 
November 18, 2023, 10:37:45 AM
Poverty is defined in different ways, so the answer can depend strongly on what we count as being poor. From the definitions I've encountered (here and here, for example), it's quite common to define poverty as not having enough to cover basic needs or struggling to cover basic need. If that's the definition we follow, then there's no amount of BTC a poor person can have because one should only invest what one can afford to lose, and a poor person doesn't have anything to spare.
If it's a more lax idea of being poor by comparison to others, like not being middle class or not being rich, then the amount of BTC will vary on a case-to-case basis.
If it's a more lax idea of being poor by comparison to others, like not being middle class or not being rich, then the amount of BTC will vary on a case-to-case basis.
November 18, 2023, 10:26:29 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
You can hold Bitcoin has long at you want depending on the nature of the market. There are people that had been holding Bitcoin for a long time and they are still holding till now. All this depends on why you are holding especially for people that are self sufficient. People that have enough funds to buy more Bitcoin to their portfolio when they see that the price of Bitcoin is going down. More people tend to buy more Bitcoin when they see the price going down. When the price goes up, they may decided to sell their Bitcoin holdings. 
November 18, 2023, 10:19:48 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
I know we're dealing with being broke here though you used the poor person tag. The real poor person won't even be bothered with anything investing as they don't even know where their next meal comes from. Be that as it may, you've to know that in this crypto industry no one is infallible. We're all at best speculators. It's like what happens at wedding where the priest tears out a marriage certificate and hands it over to the groom. People don't graduation on the first day of whatever they're into without first learning it. Yet, a newly wedded couple is handed a certificate. It simply shows thag no one knows it all in marriage. You should see crypto that way while seeking advice. Verify whatever you're told and don't take any advice or suggestions on their face value without doing your own research too. In summary, you will still be the one who will decide what amount of Bitcoin you should hold and that will depend on the cash at your disposal. November 18, 2023, 10:19:33 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
Bitcoin does not segregate like other physical assets do, you can owe as any amount you wish to, if you can't afford having the bitcoin standard, you can also have the smaller units in satoshies, and how you could do this is by steady accumulation, when you're also interested in bitcoin it's, you can receive as little as you want or were being capable of, we are having this privilege because it's a decentralized digital currency, anyone can decided on what to do with his cryptocurrency at anytime or Invest at any rate or amount.
November 18, 2023, 09:39:12 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
I don’t get it, how the hell poor person is kept here? I mean what amount determines that whether you are poor or rich? This is just a stupid question according to me. If you want to invest in Bitcoins then just follow the 40:30:30 rule. Invest 30% of your monthly earnings in Bitcoins, save 30% of the monthly earnings and use 40% of monthly earnings to pay bills. Continue buying the coins irrespective of it’s price, and definitely a time will come where you will make great profits.
November 18, 2023, 09:20:48 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
Bitcoin accumulation provides no limit regardless of your status in a society, but the more bitcoin you have, the bigger the profit opportunities you will enjoy. It all depends actually on how capable you are to purchase and manage bitcoin investment, and how far your finances can go considering that every piece of bitcoin is worth a thousand dollars. But one thing is certain, bitcoin is for everyone. Even the poor ones are free to purchase it, as long as they have sufficient funds ready to invest in bitcoin, on an amount that they can afford to lose. But to be honest, if you are a poor individual, every cent counts so I don't think investing in bitcoin on an amount that you can afford to lose is applicable. There is no minimum amount of bitcoin a poor person is able to hold. Just like for rich people, sky is the limit when it comes to buying bitcoin.
November 18, 2023, 08:54:03 AM
A poor person you said, what is poverty in the first stance, poverty is a state of not being able to afford things that one needs, so going by this definition do you really want a poor person to be involved in bitcoin, if your answer is yes, which fund will he or she use to invest, in the aspect of holding, hodling is not meant for every bitcoiner, you don't expect a poor that mange to get an amount thats if possible to hold for a long term, what is situation arises, do you expect him to keep holding until he or she is no more, I think you should understand a poor man major concern is not investment, there concern is feeding, clothing and shelter.
November 18, 2023, 08:07:58 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
A poor person may not afford even worth $1. He is busy arranging food for two times for his family and ks not even aware of crypto. Life is not same for all.
November 18, 2023, 07:47:08 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
Bitcoin does not treat rich or poor differently. no minimum or maximum investment is mandatory for anyone. You can invest just a few cents in Bitcoin. It totally depends on your ability. You will profit according to the number of dollars you are able to invest and lose if the price of Bitcoin falls. and the more you invest, the more you gain, on the other hand, the more risk you have to take. Bitcoin gives everyone the highest priority in their freedom. so here you can always give more privacy to your own desire. so invest as much Bitcoin as you can afford. But your ability should be long term. November 18, 2023, 06:58:21 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
Bitcoin does not treat rich or poor differently. no minimum or maximum investment is mandatory for anyone. You can invest just a few cents in Bitcoin. It totally depends on your ability. You will profit according to the number of dollars you are able to invest and lose if the price of Bitcoin falls. and the more you invest, the more you gain, on the other hand, the more risk you have to take. Bitcoin gives everyone the highest priority in their freedom. so here you can always give more privacy to your own desire. so invest as much Bitcoin as you can afford. But your ability should be long term.Thanks for perfect advice!
November 18, 2023, 06:31:18 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
Bitcoin does not treat rich or poor differently. no minimum or maximum investment is mandatory for anyone. You can invest just a few cents in Bitcoin. It totally depends on your ability. You will profit according to the number of dollars you are able to invest and lose if the price of Bitcoin falls. and the more you invest, the more you gain, on the other hand, the more risk you have to take. Bitcoin gives everyone the highest priority in their freedom. so here you can always give more privacy to your own desire. so invest as much Bitcoin as you can afford. But your ability should be long term. 
November 18, 2023, 06:00:29 AM
Poor?!!! Really, from the words you said, "poor" means it has no capability to obtain a bitcoin or even a fraction of bitcoin. Why? It's because they will, of course, buy necessities first before anything; they don't have the time or money to think about bitcoin. Okay, let's take consideration. Let's say you are talking about those in the middle class. Then what they need is just a fraction of bitcoin that they can afford, and the money they used is money that could be extra or money that they can afford to lose. If you know that you have other things to buy, then they will not be interested in this thing, but if you want to make your life easy, then it would not be bad to invest even the amount that you can in bitcoin. It doesn't need to be that big at first; you just need to start.
November 18, 2023, 04:49:05 AM
What is the minimum amount of bitcoins a poor person should have? and the minimum time it should be Hold/retained?
It depends on your lifestyle. There's really no required minimum amount a poor person should have but it's on how they are going to determine what they need for the rest of their lives. Usually with these calculations, we're thinking on how much we can afford to live on a daily basis and how much we need for our eternity. But if you're going to be with reality, start with 1 bitcoin if you can but if not then reduce it to decimals that you can afford to. Like, 0.1, 0.01, 0.001 BTC and so on as you start. I'm talking about your start because not everyone can avail to buy an entire Bitcoin as they think. So it should be safe to say around 0.01 - 0.1BTC as the minimum. Jump to: