Frankly speaking, business is business. What I mean is anyone who will have the opportunity to gain money from something will grab that opportunity. And it Bitcoin, transaction fee is one of those opportunities to others. However, we can not say that Bitcoin is for the rich. Yes it may have the transaction fees but today in the society, a lot of people can now afford to pay those fees for the convenience it may bring. In the case of Bitcoin, transacting through smart phones or laptops is very convenient because the consumers would no longer have to go places to places to transact through cash which is relatively also costly because of the travel cost.
They will get money from the fees and charges by exchanging your fiat cash into another crypto currency. But in my case, exchanging my Bitcoin into fiat cash was easy and very convenient. Clicking on the okay button then the Bitcoin will send right away. No more processing time, no more fees or charges to pay. 
Topic: What's going on? Bitcoin for the rich only? - page 14. (Read 14785 times)
I feel OP's feeling you know why because If you send small amount of coin to a single person then you can feel the regret where in the fee of the coin that I sent was higher than the amount of it which is absolutly so sad but that happens to me months ago. But it does not mean that it is for the rich because bitcoin is not only for the rich it is just that fees are getting high since the block volume is getting high too the exchange or sites need to upgrade too and manage goodly.
It's a Amazing with bitcoin news. Bitcoin Going very first of others currency . It's my point is if any one recherche bitcoin and he buy bitcoin he will be a Milliner.
I definitely don't think it's for rich people only but I do think it's a problem as a payment network if the fees are higher than credit card payments. That part defeats the purpose of the ability to do micro transactions. I stopped using bitcoin for micro transactions because of this a long time ago.
Bitcoin as a payment gained popularity and all of a sudden due to the transaction confirmation and increased transaction fee it got reduced. Rich are making more money through bitcoin as they have a good capital to invest. With poor or the low level people they don't have much to invest. This makes them try as much possible to earn and make a better future. This creates an outlook that bitcoin is for the rich.
In part I agree, do poor people have the opportunity to invest or buy?
Bitcoin is not for the rich people only, everyone is entitled to know him and use bitcoin as the main income or side income. Bitcoin is open for all peoples, and peoples who are new to bitcoin, bitcoin it can be a way to become rich people not for the rich alone. The more precise is bitcoin can be the one of way to be rich.
This is indeed bitcoin to give the rich richer, bitcoin should provide some of its assets for those who do not have ....
It's modern capitalism at its best. Those who already own Bitcoins get richer and richer (see the latest jump in price) and those who haven't any, have fewer and fewer opportunities to get some. But if price continues to rise in future it might still be worth to invest here.
You now have to look at it more than likely from a fiat perspective. For instance, if you invest $5,000, there is still a great chance that your investment will become worth $10,000 in the long term. You can't get too concerned whether that is 2BTC or .02 BTC, you still will have made 100% return which is next to impossible on almost any investment on the planet
This is indeed bitcoin to give the rich richer, bitcoin should provide some of its assets for those who do not have ....
It's modern capitalism at its best. Those who already own Bitcoins get richer and richer (see the latest jump in price) and those who haven't any, have fewer and fewer opportunities to get some. But if price continues to rise in future it might still be worth to invest here.
I definitely don't think it's for rich people only but I do think it's a problem as a payment network if the fees are higher than credit card payments. That part defeats the purpose of the ability to do micro transactions. I stopped using bitcoin for micro transactions because of this a long time ago.
Of course not!, bitcoin is is very open to anyone not for only rich people but also to those people who will get interest to discover what bitcoin is, and what it can give to anyone who will take it as a source of income in this field of business industry.
Rich and poor they both need money as the needs that they meet every day, just as we need the bitcoin and even then need internet access.
What's going on? Bitcoin for the rich only
Who says bitcoin just for the rich ... it's wrong opinion because bitcoin can be owned and played for all groups both rich and poor as long as there is a will there must be a way
Correct, bitcoin is for everyone that was precisely the reason of why satoshi created bitcoin, to give back the power of money to the people and now the people are complaining that bitcoin is too expensive, of course bitcoin is going to be expensive, it is way better than any fiat, it cannot be printed at will, it cannot be frozen the supply is limited, if they are complaining now, how much are they going to complain when the price goes a lot higher thanks to adoption. Who says bitcoin just for the rich ... it's wrong opinion because bitcoin can be owned and played for all groups both rich and poor as long as there is a will there must be a way
no, why you are thinking like this. Bitcoin is for everyone. there is no specification that only rich people can use it. it's a bullshit thinking.
I am not a rich person but I'm earning and spending Bitcoin on a regular basis. so I totally disagree with this point.
I think. it is going fine with Bitcoin, day by day it is getting popular across the world.
I'm using bitcoin too but I'm not rich, but will soon be with bitcoin help and all of us can also be just keep on working hard here. Anyone can used it with no standards of our financial status as long as we can manage to do transactions and we know it's use then were all in. I am not a rich person but I'm earning and spending Bitcoin on a regular basis. so I totally disagree with this point.
I think. it is going fine with Bitcoin, day by day it is getting popular across the world.
no, why you are thinking like this. Bitcoin is for everyone. there is no specification that only rich people can use it. it's a bullshit thinking.
I am not a rich person but I'm earning and spending Bitcoin on a regular basis. so I totally disagree with this point.
I think. it is going fine with Bitcoin, day by day it is getting popular across the world.
I am not a rich person but I'm earning and spending Bitcoin on a regular basis. so I totally disagree with this point.
I think. it is going fine with Bitcoin, day by day it is getting popular across the world.
What's going on? Bitcoin for the rich only
Who says bitcoin just for the rich ... it's wrong opinion because bitcoin can be owned and played for all groups both rich and poor as long as there is a will there must be a way
Of course bitcoin is not just for rich people only, I think so many people have heard that bitcoin for all circles? If they have internet, they could just use bitcoin. The decentralized nature of bitcoin guarantees you to be free to use bitcoin, whoever you are and rich or poor is not a problemWho says bitcoin just for the rich ... it's wrong opinion because bitcoin can be owned and played for all groups both rich and poor as long as there is a will there must be a way
Bitcoin is for everybody who does have a capital and skills to invest. It is not only for rich people but for everyone who already learned about bitcoin. Any type of person, young or old, man or woman can go into bitcoin.
True but a rich person has more opportunities here than a poor person. A rich person can go ahead and invest on different altcoins, he can invest on current ICOs while a poor person can only do nothing but watch. I think poor people would have to cope up with that fact by trying to earn bitcoins without investments. At first he can do signature campaign and then carry on to trading. He has no other choice but do it step-by-step. He wouldn't wake up one day and be able to do the same thing rich people do with their money.
But all of these are alright. After all, all the rich families once tried to climb success and just happened to be successful on doing so. If you're poor now, it's okay. You can still try and reach success through bitcoins if you want. Maybe there are no equal opportunities but it's all on you if you don't choose to cope up with it.
Bitcoin is for everybody who does have a capital and skills to invest. It is not only for rich people but for everyone who already learned about bitcoin. Any type of person, young or old, man or woman can go into bitcoin.
True but a rich person has more opportunities here than a poor person. A rich person can go ahead and invest on different altcoins, he can invest on current ICOs while a poor person can only do nothing but watch. I think poor people would have to cope up with that fact by trying to earn bitcoins without investments. At first he can do signature campaign and then carry on to trading. He has no other choice but do it step-by-step. He wouldn't wake up one day and be able to do the same thing rich people do with their money.
But all of these are alright. After all, all the rich families once tried to climb success and just happened to be successful on doing so. If you're poor now, it's okay. You can still try and reach success through bitcoins if you want. Maybe there are no equal opportunities but it's all on you if you don't choose to cope up with it.
Of course not just wealth, bitcoin is created as currency, therefore bitcoin is called cryptocurrency. You can use bitcoin for payment methods, send money from one country to another far away with cheap fees and very fast deals, there's a lot of bitcoin on offer other than wealth
Yeah I think so too. I also thought if that is the case then there is also a descrimination between poor and rich in bitcoin economy, but as far as I am concern, bitcoin is created for equal purpose, and it has nothing to do whether you are rich or poor. And yet it also opens new opportunities to people who are willing to engage this kind of economy, but least also they need to be open minded. Maybe OP did misunderstand why the fees became higher but, as for me business is business and yet they somehow upgrade some sorts of things to make the transaction faster.BitCoin as well as any other currency in the world, it is equal for everyone
It is impossible to distinguish the rich and poor from here
I'm poor, I can still buy a small part of...
Everything is growing
Crytop Currency is expanding throughout the world
If you are not rich, you can own 50%, 10% or even 1% of BitCoin
no problem
Crytop Currency is expanding throughout the world
If you are not rich, you can own 50%, 10% or even 1% of BitCoin
no problem
Of course not just wealth, bitcoin is created as currency, therefore bitcoin is called cryptocurrency. You can use bitcoin for payment methods, send money from one country to another far away with cheap fees and very fast deals, there's a lot of bitcoin on offer other than wealth
Yeah I think so too. I also thought if that is the case then there is also a descrimination between poor and rich in bitcoin economy, but as far as I am concern, bitcoin is created for equal purpose, and it has nothing to do whether you are rich or poor. And yet it also opens new opportunities to people who are willing to engage this kind of economy, but least also they need to be open minded. Maybe OP did misunderstand why the fees became higher but, as for me business is business and yet they somehow upgrade some sorts of things to make the transaction faster. Jump to: