Who will benefit the most from bitcoin/cryptocurrency? - page 32.

Impulseboy

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Merit: 4

Quote from: chrismartin on July 31, 2018, 09:20:06 AM

The thing that must be important there mate is in bitcoin, there is no minimum and maximum investment on it. If you and your friend afford only that amount then go for it. Yes its a risky but so worth it if bitcoin will pump in the time that comes.

I did start at a low amount but I hold off for the time being as I help him out. To be completely honest I am a bit confused whether I should encourage him to get into crypto now or wait it out and tell him to pay his debts first. He is like a brother to me so I dont want him to make any mistake and lose the little savings he has because I egged him into getting into crypto.

Impulseboy

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Activity: 196

Merit: 4

Quote from: ntarah langger on July 30, 2018, 10:17:20 PM

you are wrong to say bitcoin is only for certain people only!
bitcoin can help everyone economy, oya i want to give suggestion for your friend.
if at this time he does not have the capital to start trading should participate with bounty campaign to get capital, after the capital collected then start trading.
because honestly at this time I also do not have the capital, I'm working on it by participating with bounty campaign.
and many people who used to not have the capital to trade crypto now have the capital not even a few who have become rich.
start at the bottom. Good luck

I asked him to read on bitcoin first before he starts trading because there are a lot of things that you should know about cryptocurrency before you really get into it. However he is eager to start and I am afraid he will lose money that he cannot afford to lose. I think he was inspired by the likes of people you mentioned who became rich because of crypto but I still think he should wait a little longer.

chrismartin

member

Activity: 340

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The thing that must be important there mate is in bitcoin, there is no minimum and maximum investment on it. If you and your friend afford only that amount then go for it. Yes its a risky but so worth it if bitcoin will pump in the time that comes.

nexus5chetan

newbie

Activity: 63

Merit: 0

These are people who own large quantities of BitCoins. As a result they can raise or lower the BTCUSD rate on any exchange more-or-less at will. This power can be used to affect the market volatility to their advantage. There is little doubt that at least a few of the Whales are benefitting from BitCoin’s volatility by making use of their power to change the exchange rate.

Impulseboy

jr. member

Activity: 196

Merit: 4

Quote from: pooya87 on July 30, 2018, 09:34:49 PM

unlike any other asset which requires a large investment, you can always buy small amounts of bitcoin.
for example you can not go to a stock broker and buy $10 worth of stocks! they wouldn't even let you and laugh in your face. or you can't go and buy $10 worth of gold, that is physically impossible.

but you can buy $10 worth of bitcoin

whether one should invest in bitcoin or not is another question. it is a risky investment and some people don't like taking risks under any circumstances and the market fluctuations can ruin their sanity specially someone who is already in debt.

I think his main concern at the moment is not having a lot of savings or major investments that if he gets into crypto he might lose the little that he's got. Yet he is also determined to invest in it because of the success rate he hears from people who got into cryptocurrency.

ntarah langger

newbie

Activity: 84

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Quote from: Impulseboy on July 30, 2018, 08:05:40 PM

I have a friend who is interested in getting into bitcoins but he does not have a lot of savings or any major investments. He also has a lot of debts to pay and has an average wage job with a family of 4 to raise. When we were talking yesterday, I thought: who really would benefit the most from investing in bitcoin or cryptocurrency? Can those who are like my friend get into bitcoin even though he has no major investment? Or is bitcoin only for those who can afford it?

you are wrong to say bitcoin is only for certain people only!
bitcoin can help everyone economy, oya i want to give suggestion for your friend.
if at this time he does not have the capital to start trading should participate with bounty campaign to get capital, after the capital collected then start trading.
because honestly at this time I also do not have the capital, I'm working on it by participating with bounty campaign.
and many people who used to not have the capital to trade crypto now have the capital not even a few who have become rich.
start at the bottom. Good luck

pooya87

legendary

Activity: 3472

Merit: 10611

unlike any other asset which requires a large investment, you can always buy small amounts of bitcoin.
for example you can not go to a stock broker and buy $10 worth of stocks! they wouldn't even let you and laugh in your face. or you can't go and buy $10 worth of gold, that is physically impossible.

but you can buy $10 worth of bitcoin

whether one should invest in bitcoin or not is another question. it is a risky investment and some people don't like taking risks under any circumstances and the market fluctuations can ruin their sanity specially someone who is already in debt.

Impulseboy

jr. member

Activity: 196

Merit: 4

I have a friend who is interested in getting into bitcoins but he does not have a lot of savings or any major investments. He also has a lot of debts to pay and has an average wage job with a family of 4 to raise. When we were talking yesterday, I thought: who really would benefit the most from investing in bitcoin or cryptocurrency? Can those who are like my friend get into bitcoin even though he has no major investment? Or is bitcoin only for those who can afford it?

Topic: Who will benefit the most from bitcoin/cryptocurrency? - page 32. (Read 3961 times)