Bitcoin Forum

The average person must have probably heard of bitcoin or cryptocurrency as an asset class, however the means to start and engage with it is always a problem. Many have been capacitated with knowledge and understands what the game is all about, but they have been stopped by a financial barrier that prevents them from reaching the other end of financial freedom.


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A Person who is still trying and struggling to feed his family, regardless of the headline of  the moon and lambos they see displayed with other sweet testimonies, they can't just be pulled their self from that shell and to invest in bitcoin becomes a challenge. The sad part of life is that it's not fair because a person will be born and will eventually die as a struggler

Everything is correct. But sometimes our big desires can come true if we put in even a little effort. It is not necessary to buy 1 bitcoin, the beauty of it is that you can buy a little, but regularly. Anyone who develops always knows a good proverb: "it's not scary to be born poor, it's scary to stay poor forever"
There are many examples where people from the slums have had tremendous success. You need to learn from successful people, never doubting for a second that this is not available to you.
Especially if you are young and have time for education.

One of the biggest issues with BTC and the crypto world in general is the steep learning curve associated with them. I still have trouble understanding some crypto related stuff despite being a part of this world for many years already.

More people will definitely invest in BTC and other cryptocurrencies if we find some effective solutions to this problem in my opinion.

Well said. It is very, very difficult to go from rags to riches in this world, but the crypto world definitely made it a lot easier without requiring any degrees etc. Luck is another important factor too.

If we're talking about bitcoin as an investment, then yea, only a small number of people in general are financially literate enough to actually have investments in the first place. While I believe that bitcoin might teach a lot of people about proper financing(including me), there will always still be people that will just live paycheck to paycheck regardless if they're struggling or not.

Bitcoin as a currency though, that's another topic.

Everyone finds a path to financial freedom based on what they think they understand and can do. Not a few people who pursue careers outside of investment but can enjoy what is called financial freedom. However, not a few of the ways they choose to invest have now tasted the sweetness of investing. All are classified in one container called financial freedom. Maybe on the one hand people consider their financial freedom in the world of investing, be it in Bitcoin, work as a laborer, employee or invest in stocks and in any case that they consider profitable.

Don't be too pessimistic or feel incapable because many users are unable and even very poor but capable, it all depends on your intention and consistency in doing it.
because bitcoin has derivative units, known as satoshi, the value of 1 Satoshi is one millionth millionth of 1 Bitcoin (0.00000001 BTC)[1] it is the smallest unit of bitcoin, because bitcoin can be broken down into satoshi units so you can also buy retail without have to buy 1 bitcoin.
make a purchase within your means and use the money you can afford to lose and no matter how small you buy it if you do it regularly for the long term you will feel the benefits and the price of 1 bitcoin doesn't matter to anyone depends on whoever uses it regardless of the circumstances because bitcoin is for anyone for those who are willing to put in the effort, think smart and are not pessimistic.
and for some other reason some of my friends are not good financially and he does as I mentioned above and other ways use his skills to get free bitcoins and the result is very satisfying, so knowledge and information will help you to grow and ambition to be like them and will study it so you can, and this forum is the best for those of you who have financial problems depending on your efforts and hard work.

Can't help being pessimistic really because for an average person that can only afford $100 worth of BTC. In the bear market, it will just be spent as the value depreciates.

Before an average person can invest they have to have a regular job in which they would not have to spend the little investment they have. And it's a problem too because of the basic necessities that are also inflating. Surviving today has to make an average person find 2-3 jobs to be able to live.

Bitcoin is innovated with a purpose, but at times it gets deviated from its real purpose. For this reason at times people find it different. If bitcoin is at a price that is affordable people would've said it is for everyone. In my opinion bitcoin can be bought upon one's ability, which means any lowest denomination is possible. Even now this is for everyone, maybe making big money out of bitcoin might've got slowed down for the present investors.

The traditional advice for investing in anything has often been "only invest what you can afford to lose".  And it is unfortunate that some people can't afford anything beyond merely keeping themselves or their loved ones alive.  Bitcoin can be used to achieve some things, but I would argue it's no more practical a tool than fiat is to rid the world of poverty.  You need social reform to achieve that, which is a matter for politics.

Also, as others in the topic have alluded to, sometimes Bitcoin isn't a suitable investment even for those who do have wealth.  Some people do manage to get by without comprehending how Bitcoin works.  However, Bitcoin is far safer to use if you possess a certain level of knowledge, which not everyone has attained.  It's easy to make mistakes if you don't fully understand what you are doing.  So there is both a financial barrier and a knowledge barrier to overcome.

Acquiring asset isn't easy especially for someone still struggling with finance but at same time life does not make things easy also so the need to keep struggling becomes a constant phenomenon. Very many can not buy 1 btc because of the price but buying little of it is part of effort we should make and not to complain of lack of cash. Bitcoin is a longtime investment because it value will keep increase with time. Therefore keeping hands fold not to struggle to invest is not the best thing to do. Buy small, hodl for future.

You are not mistaken but you are not completely correct ether, you are only thinking of bitcoin as an asset in which to invest and make money with it, however this is not correct, once that bitcoin begins to be used more as a currency than as an asset even those people are going to be able to benefit from bitcoin, after all they could be paid in bitcoin directly and even if whatever they can save is a small amount of money the purchasing value of that money will be protected by bitcoin, as it cannot be inflated away by the governments.

That's exactly what it is for most people since everything that is necessary to earn is governed by money. People don't even have right to education. They spend so much time to get a good job just to pay their loans off. With Bitcoins the situation is similar to any asset. People cannot afford to invest until and unless they are financially stable and during covid it's a major issue since the jobs are in a bit of a crunch ad well. Therefore what people choose to do is invest in Altcoins. They are more affordable and oftentimes it's a wager that doesn't work well. That's just how it is unfortunately, it's always been that way, the economy is struggling and it's most of the times governed by rich people.

I like you because you understand very well where my point is, the average person who is still struggling to buy BTC of $100 will sell it anytime they have challenge but the rich will always find a way to get means to solve their problem and still hold their BTC untouched. Poor person may rush to sell his $100 as soon as the portfolio time 5. That's what rich people don't, they always wait for right time.


If you said the purpose of bitcoin has change, tell me what Microstragies and Elon Musk will later do with their stash if not for making more wealth, I wonder what will happen to BTC in 2050 if I will be able to see an ordinary person with 1BTC on their on portfolio.

Good point, actually the most important thing about bitcoin is that's very much borderless and available for everyone in the world at any age, and any situation that makes people think they bitcoin is good for them and their economic situation with any mindset but they don't know bitcoin and bitcoin world is not for the people who don't really believe in bitcoin and can't wait for long term investments, that's like saying bitcoin is not for the weak hands but that's for the people who truly believe in bitcoin.

Lets just face up the reality and this is how thing works because engaging with bitcoin doesnt automatically that it would really be putting you up on a situation on where
you would possibly reach out financial freedom because it would always vary on how much you had invested and on how you do deal up with volatility or making out
investment and how well you do buy and sell. Yes, financial capacity would really be a big hindrance but as a person who are willing or strive on making their lives
better then they wouldnt care much about this issue or situation.

The best way to start is to start. Life is all about sacrifice and dedication. Most investors who made it through crypto currency actually started small and  made up their minds on whatever outcome the get as a result of their decision. Bitcoin is actually for everyone as you rightly said and it's obvious not everyone would embrace it at the tail end because most people still choose to see life from a very myopic angle. The goal for now is to bring a handful of people into the crypto world and still educate the ones who are still in doubt hoping someday they too would embrace the change

because tears, heartaches, disappointments, laughter, happiness dreams, life and death are the colors of life including the world of bitcoin and crypto that we live now, it's the simplest of them you come to grow your wealth, control your future, and achieve financial freedom this might be the reason we stay here

Engaging with it does give out that kind of chances or odds for you to reach out  that particular state in terms of finances but of course you would still need to exert effort and investment for you to
achieve that one and not just simply dealing in most basic stuff and you do anticipate that you would really be reaching on there. Dealing with market is really something that cant be handled out
by everybody and only the best and skillful ones would able to do so.You wouldnt able to find out if you wouldnt try, make yourself sustainable and
able to survive this harsh market condition then you are really doing well.

The title of this thread makes total sense, very well said. Bitcoin is precious and still diponible for anyone who has legit interest for adopting it. i can't think of any other investment, asset, currency or precious metal which has the same proportion between accessibility and profitability of bitcoin. And even considering these aspects, most people aren't ready yet to adopt the digital currency. It's shocking, isn't it?

How many people struggling right now could be already improving their lives and overcoming financial problems with access to different international crypto platforms if they were bitcoin enthusiasts. In the end the picture presented in OP perfectly describes how most people are living their lives: with a heavy chain tied to their heels attached to a even heavier iron ball carried on their backs.

That is the burden of a life without financial planning, management and without an open mind regards alternatives to the traditional inflationary fiat system which makes average people poorer and poorer through the years.

people's awareness in facing the challenges for a more advanced family economy not all think the same thing and not everyone likes the challenge of digital invest ! real story yesterday my friend wanted to save money in a bank ,I recommend the bitcoin option for a better future than having to save in the bank with interest fee every month ! At first he hesitated because he lacked understanding ,Finally I taught him what I know ,it is indeed risky but he is very aware of it and will start investing when he receives his salary next week !
I once again remember that not everyone understands because of the limited space environment ,so why not everyone for bitcoin because their awareness of understanding also is still very minimal

The title definitely makes sense and this sums up the situation as to why not everyone has bitcoin.

Bitcoin is made for everyone. Bitcoin is invented for us to be our own bank and to manage our own finances instead of letting our finances be managed by other people or institutions. Bitcoin isn't degrading and discriminating against any who plans to enter it. In fact, it encourages people because it is the heart of it. Without the people, bitcoin will lose its demand and will just be other coins that have little to no usage at all because none is using it for instance. Bitcoin is just always there, waiting for future investors. And it will always be ready and open for anyone, whenever, wherever as long as the country is open with the idea of cryptocurrency.

However, not everyone will be for bitcoin. In a sense that not every one of us has the same risk tolerance to be able to invest in bitcoin. We have different risk appetites and what might be profitable for me might not be the case for other people. There are just some people who don't like how aggressive the risks are in bitcoin and in crypto in general because some of them are used to other ways of generating income. And in those ways, there are various levels of risks too. Hence, they might not see bitcoin as something worth it. Meanwhile, there are people who just lack understanding and refuse to know more about bitcoin. These people are close-minded which is the reason why they don't want to invest in bitcoin. There are also people who just have none and as much as they want to invest, they lack the resources needed such as money, gadgets, and connectivity. I believe there are many people belonging in this case because of course, not each one of us is privileged enough to have spare that we could use to risk. Some just have enough to get by. Others just barely make it and are just living paycheck to paycheck. Sometimes still lack the funds to sustain their necessities.

So it's really fortunate of us to have the resources and be able to do and invest in bitcoin. Not everyone has the same opportunity no matter how much they crave it. We must be thankful and do our best to maintain it. I know there would be ways for the latter to be able to achieve it if they really want it, but it would be a tough time for them. This would take a lot of effort and patience in which only a few manage to do because there are still many unforeseen factors that we don't know about they are currently battling with.

Well said OP. A lot of people have knowledge about Bitcoin but they failed to enter and take advantage of Bitcoin volatility. Just 2 years ago Bitcoin dropped to $3K. Even I was well aware Bitcoin would pump at any time I failed to accumulate during that time due to financial limitations. Earning wasn't very good and the priority was to feed the family. In that situation very hard to make the decision. Because we all are unaware of the Bitcoin future. We should be able to hold for a quite long time when we decide to enter on Bitcoin. Shouldn't be forced to sell for feeding family. So of course financial capability is quite important to invest in Bitcoin. That's how actually rich become a more rich and poor struggle to feed the family.

If you are referring the high value of bitcoin as a barrier or challenge here, then that must be a misconception because you can start investing bitcoins as little as $5 or even smaller than that. Moreover, this is not a problem for crypto investments but for all kind of investment opportunities. For example, I cannot buy a house in my city but able to do only in nearby small town.

Anyone could invest 10% of their total investment capital into 10 different investment types, right? So, how much you are going to invest into bitcoin is up to you. For example, if you are investing some 20% of your salary for your retirements then from that invest some portion into bitcoin; if that 20% is into 10 different category of investments means 2% of your salary into bitcoin which is good enough IMO.

You can prevent being a struggler by increasing the number of your investments and not just focusing on only one, with more investments in your pocket and making you money then you will make more and you will eventually make stabilize your way of living. If you don't hit the jackpot, hit the other one's until you've hit one, I believe that to change someone's life, you're going to probably need only one lucky hit.

Yes, more investments mean more resources to generate an income. And this is what we probably need this time as relying alone from our day job won't sustain all our basic needs and wants. And if you are planning to invest in bitcoin, don't just create a plan but stick to it so you can reach your goal. Although its kinda expensive compared to other investments but you don't have to buy the whole bitcoin, a small portion of it can still make a big difference in the future. But you should also see to it that once you're making profits already, then invest a bigger amount so that you will reap a bigger profits after long term hodling.

That's the sad reality, rich people will become richer because they are more capable to invest in bitcoin compared to middle class or low class people. But i think if you really aim to own bitcoin even just a single portion of it, i think that will be very possible if you find a way and would stick to your plan. Although not all people get succeeded in bitcoin, but i believe everyone is given chances to make profits but not everyone can endure the risk.

Poor people are certainly living like this, without financial planning and management, and are not open minded so they live a life with limited opportunities. No wonder why they are not making progress in their lives particularly in their financial aspects. Although we cannot blame them because they have limited income, but if they can be more open minded and have positive mindset to make good progress and development, i think they will live a life that is more reasonable.

Yes that is true, the funny part of all these is that I even invested at that time when the market was that low and ended up selling it within a short time without having to wait at all, because I was in serious need of the money that I have invested back then. I knew very well that the market was going to make a come back, but due to the fact that I don’t have enough to hold it for that long, I wasn’t able to keep on with the Hodl, so I sold what I had. It’s usually not very easy, because you would have a pressing need and you’re very aware that the market would go up, but still no option.

Why are you comparing the poor and the rich as if you know everything about both of them I think you are going too far with the title of this discussion, the editorial you provide contains the content of bitcoin to get rich even though that is not the content of this discussion, don't discriminate against the poor because your capitalist mindset. Bitcoin is a decentralized digital currency everyone is allowed to have it and everyone doesn't necessarily want it because bitcoin is for everyone and everyone is not for bitcoin.

You are definitely correct man. It really makes sense. Although that it’s for everyone, but not everyone likes Bitcoin. Of course, we have to respect each other’s opinions regarding Bitcoin. It’s either they are totally against it, misunderstood or not understanding it at all as they are just listening to the opinions of others who are also not knowledgeable as well.

My top challenge was to convince some people to at least STUDY Bitcoin.  It certainly becomes a struggle the moment they reject the idea before even contemplating it.  Some of them will regret, some of them will not.  As you say however, not everyone will be for Bitcoin.

I can not even count how many I have seen who buy and sell the opposite way they should.  Buy low and sell high, not the other way around.  Many do not seem to understand the logic behind this most basic strategy even if, 'surprisingly', it always works.

Oh, and one more struggle is convincing a newbie that Bitcoin's price has a historically higher chance to double up once again within months compared to useless Altcoins that struggle to recover after a 3 year long bearish market.  Some people simply do not get it, and I get why.  Not everyone has the same brain, the same gut feelings, the same will to risk.

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Regards,
PrivacyG

Knowledge? it isn't a problem since we have a thing called "internet" right now where we can learn anything there about Bitcoin.
The problem? Initiative. People are lacking initiative to learn something unless they are very interested in it. Knowledge isn't a problem anymore since we can just google search and boom, information can be seen in an instant. The problem is the people because they don't want to learn it but they want to earn from it which is a bad mindset.
Financial barrier? If you want to earn, learn first and money will follow through.

That's how cruel the world is. Life is unfair :).
Dying as a struggler can be prevented in many ways but it will depend on the person if he really doesn't want to die as a struggler or not.

It is quite a challenge for a lot of people, because they are unable to move forward with their investments and plans because of financial problems or difficulties.

This is why some people are unable to hold their investments for a long time, because whenever they invest their money in the cryptocurrency market, they are bound to have some problems that they would be needing the money to solve, so they end up withdrawing there investment without even having to leave it for a long time. They end up missing an opportunity, because they are unable to Hodl. Lack of finance can really hinder people from a lot of things.

It would needing for them to try but most of them do lost hope and just decided to stay put and be contended on what they do have thats why they dont really make out any progress towards their financial state
because they've decided for them not to do anything.

It all matters with engagement and dedication on making yourself way more better but still it depends on certain individual because not all would really be having that kind of mindset on making
their lives better.

Its their choice and theres nothing we can do about it.

To victim shame poor people is not really a smart way to approach this problem. There are two reasons for this, either they were not shown how to handle finances, so all they have seen from their surroundings is what they do themselves, or they are not capable of making a lot of money so they are living dirt poor even without spending something extra.

Imagine a stupid person, they do not have any say in this, they are just stupid, and you are telling them to work hard and earn a lot and invest smartly, how could they do that? They are idiots, they can't earn a lot, and they can't invest smartly. So, do we as the community or public just say "if he is stupid then let him starve to death and never own anything"? That is cruel and unjust.

I would say that as long as wage gap between the chief officers and waitress are this big, and the difference between the wealthy and the poor became this huge, there is no possible way that regular people will ever become wealthy like those forbes top list people because they will never be able to invest or invent those stuff.

i guess, we can't prevent such situations from happening. but each one of us here can always find a way how to earn money from what we know we are capable of. if your funds are just enough for your basic expenses, you can always use your skills or talents to earn extra. just like others here, they are joining bounty programs to possibly earn something. but of course, one should be diligent enough in choosing which project to promote because not all of them will respect the agreements. but what am i saying here is - there are other options to earn, just exhaust your skills and you will find one.

Well, when it comes to crypto, i think there are a lot of jobs that can certainly give a decent income, aside from investing. So if you have no funds to invest in crypto, then start earning through applying for a job that will suit your skill. But of course, you have to be good at it so you can be rewarded too.

I was born from a poor family and so i know the feeling of being deprived from a lot of  opportunities because of lack of finances. But i think this is not a hindrance to learn and start to invest in crypto. I believe each of us has gifted with individual skills so we must learn to enhance it and utilize so we can come up with a good income and start to invest in bitcoin even with a minimal amount.

Rightful opinion that is!
Peeps can't be just dragged in with glorious banners and advertisements. The bitcoin as such never got marketed and never needed one because it has been the self sustaining economical system which got its own investors naturally. Thos who studied it, those at least went through its basic studies, or even transacted once in a while knows the value of bitcoin.

The crypto initially was never about making money. It was all about how this tech formed in the 2009 to 2010's and how peeps were able to mint it on their Kilobyte RAM's and disk back in the days. It was bitcoin rush, with not much of value.

Those who captured the future and were the bitcoin is leading us are the bitcoin millionaires and close call billionaires too.

This is best thing about the bitcoin. It has all the genuine investors. Only these days many of them are coming here to "try out" their luck and be rich. However, it never worked like that. You have to be thoughtful while investing your hard earned money.

We live in an unfair world! That is a given.

And, no, Bitcoin is not for everyone. Bitcoin is not for those who don't even have the money to buy food. Bitcoin is not for those who don't even know what a smart phone is. Bitcoin is not for those people living off the grid. Bitcoin is not for those whose hands of education haven't reached and who remain illiterate. Generally, Bitcoin is not for a significant portion of the world's population.

This has been like this. This has been humanity ever since.

Haha but all that you said those not mean that users here all had all those qualities before they joined here or knew and have the knowledge they currently have. There I think bitcoin is for those who allow themselves to be convinced either explicitly by what they have seen or that they are just in the trier mode  ;D I think everyone has a chance to understand bitcoin and those who are already internet freak have a larger chance.

That's the fact that we have to face that Bitcoin investment could only be perfect for those who can invest in it. It needs emotional and financial preparedness because knowledge and understanding about the basics of it aren't enough if we don't have enough allocated funds to invest in it. Bitcoin might not be for everyone but we can do something to change our fate. Saving and allocating a portion of our earnings so we'll have something to invest in it would be a good move.

That is without a doubt a great obstacle for those that do not really have a lot of money to begin with, even if they save some money so they can invest in this market that is not enough, they require to not need that money for the time necessary to turn a profit in this market, and we know that if you are unlucky you may need years for that to happen, so even if some people have the right idea their lack of funds will without a doubt play against them and force them to sell their coins too soon.

Lacking of finances can be a great barrier not to create positive changes in  one's life. But if you are determined to fulfill your dream, you can do something to make it work. Investing in bitcoin is for everyone so all are free to buy bitcoin even in just a small amount. And i think earning a small portion of your income is still possible so that you can start to invest in bitcoin that will help improve your life once you make profits in bitcoin. As long as you have the courage and patience to hold it for quite some time, definitely it will give good returns once bitcoin becomes bullish again.

Of course, the first reason that you are capable to invest in bitcoin is you should have sufficient funds to start with. Bitcoin is really expensive and we all know that, but if you know how to control your expenses, i'm sure you can really earn so you can invest in bitcoin. Also, you need not only money but you should have the patience too so you can hold long your investment, and invest only on your extra money and not those that are intended to pay for the bills or for emergency purposes.

Even if you don't have any capital to spend on bitcoin you can still have a good start if you work with it since I believe many start with zero capital here and the only method they do is to find job which pays them with bitcoin then use it to grow. We know bitcoin is expensive and if we look at it on its price then maybe we will not like it since we think that we cannot afford to buy and be afraid if the price dump since it will hard for us to recover especially when we are new in the business.

For normal life circle not every body like to eat rice but every one know what is rice, you most not like every thing that come around you for investment, some people use to see Bitcoin devil kind of some thing that they don't know the way about but know the news of bitcoin, and some people is seeing it fraud some thing, you can not believe any one who saying bad about Bitcoin is uncivilized about bitcoin, many people have the money to put into bitcoin but they don't like to put their money, from what i copy out in bitcoin is like food or bank, you will decide the bank you will bank

No, I don't agree with you both. It is not as if Bitcoin is merely something that people would only either accept or not. Bitcoin is not only a question of patience, or the ability to understand, or being open-minded, and other personal factors. Those are too limited.

There are a lot of people who are caught in situations in which they wouldn't even encounter Bitcoin. It is not as if Bitcoin is right in front of everyone waiting for their interest and curiosity. There are prerequisites. Bitcoin, for example, basically requires electricity, internet connection, at least a smart phone, and so on. These are things many people don't have.

I understand that you are trying to emphasize about the difficulties of high value of bitcoin for first time investors. But, we still live in fiat world, we earn and spend in fiat hence you should start considering all your bitcoin related investments only in fiat and not in BTC; for example if you invest some 100 USD into bitcoin then you should calculate profit or losses only in USD and no need to bother about where the bitcoin is trading.

I do see people do the same for stock market as they do consider the price of a stock is highly insignificant because after a split, price of a stock may vary drastically whereas for same investment you might be holding more number of shares. So, where we buy a stock and where we sell is alone important and not the price of a stock. Same could be applied for bitcoin investments as well.

Investing in bitcoin is like we save gold or invest in a piece of land and it requires patience for us to enjoy the results of that investment, I think nowadays many people have heard about bitcoin, but their limited funds and knowledge make them just a spectator without being involved can do anything and in the end such people will be left behind by the advancing era.

If you only talk about Bitcoin, I think many people already know,
but indeed people who understand in detail about crypto are not as many people who only know Bitcoin,
apart from that we don't need to bother thinking about it

I somehow agree with your statement but I also disagree with some points.

Being born rich can definitely put you to a great advantage in terms of access and convenience. You have the funds in order to supplement yourself with the information needed to run this world. In contrast, people who are born poor must have to double or triple their effort in order to make ends meet. But this does not mean that people who are born poor cannot acquire the opportunities of those born rich.

At the end of the day, while there may be some poor people who are not knowledgeable about BTC, the fact that this has been existing for years now can be an inevitable circumstance that they will soon encounter.

it's not easy to be able to believe in bitcoin, it takes a strong push...

I still remember when I heard about bitcoin for the first time, it took me a long time to decide to invest in bitcoin, especially when the market was bearish, luckily I didn't give up on the market and was able to see the bitcoin price go past $50k and stay in bitcoin.

Indeed it is. It was so cheap before and I even doubt it. That was one of my regrets bumping into a good asset at a cheaper price and didn't even invest at my full capacity. Doubts will make you rusty most of the time but we are human so it's normal.
The challenge is if you will be hard headed enough to keep on feeling the same way, doubting the new technology that is being offered in front of you.
I guess I am pass that question right now.
Who will believe in something that you cannot even physically attain, it's just numbers in a computer and yet there is value. That was also one of the biggest question that I tried to conquer years ago. Now, all I want is to accumulate more and seek a better future.

Is this one of them?  ;D

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Not everyone is born with rich status from their parents because we are also born from poor families. The family's economic status still hinders one's education and knowledge, especially in some countries with a large number of poor people. I also feel that we can change our destiny and economic status just by being willing to learn and not giving up, this will really depend on the dreams we want to achieve. We will create our own standard of living, what we want to achieve and what we want to get.

It's true that some people cannot afford to invest any money in anything, and they won't be able to invest in Bitcoin. However, if we consider Bitcoin's prospect of functioning as money, they might be able to switch to getting paid in Bitcoin in the future and to use it directly as payment. It's possible already in some places, but not in most. For now, if you have any money to spare, you're better off than the majority of the world (by population). But it's the problem of our world economy and inequality people live in. I don't believe everyone should have the exact same amount of money, but I do think that it's a crime that many live in poverty and can't meet their basic needs for food and shelter, while others own multiple mansions and throw away tons of food.

You could really start up from zero capital in terms of investment and same as you said that via some jobs or tasks where you could earn some coins and then you do tend to make it grow gradually.

Of course this would be needing a good money management and good control on spending because not all do really ends up on being successful but rather getting wrekt and make those earnings comes to waste.
Even myself do make use of capital which didnt came from my own pocket but rather into those funds that i have earned through several tasks  or jobs online which is paid
via crypto or btc itself and make it grow gradually.

Unfortunately there are too many people who think that they could make a profit very quickly and right away. I do not understand why they think of it like that but at the end of the day they still try to make a quick profit. If they saw bitcoin as something they could make a great wealth over course of 10 years, then I would understand it, but for some reason they do not do it that way.

Imagine buying bitcoin once every month with some money saved aside, in 10 years you will definitely have enough money to buy a house, if you are 23 or so and start working, by 33 you will own a house, by 38-39 you will get your second house thanks to you not paying rent and keep investing same amount + rent into bitcoin, by 50 you will have few houses and you do not have to work ever again. How many people here thinks that a kid who is 23 years old right now, could own few houses and retire at 50 easily? Bitcoin gives you that option.

"A currency or an asset is for everyone but not everyone can afford it"

This is basically what the title says when I read or did I miss something. Since not everyone is in the same boat that's why most of them can't afford to buy a small amount of Bitcoin. They would rather buy it for foods than buy/invest in Bitcoin in order for them to live their everyday life but if someone who learned about how the Bitcoin market would work I think that someone would just invest in Bitcoin and hold it until the right time to sell or when there's a bull run.

Well, if you are more capable to invest, then you should have a sufficient amount of money to buy bitcoin and hodl. But for those who only have enough to sustain their family's basic needs, i think that will be a great barrier not to invest. Because even how determined you are that bitcoin will give you good amount of profits in the future, but the fact that you can't even start to buy it will make you deprived from the opportunity. But on the other hand, if you have good skills that will be your asset to make profits, i think better enhance and use it for good, sooner you will have enough funds to invest in bitcoin.

One of the hardest situation is that you do like to invest but your capacity in doing so wasnt really enough or just good to sustain your everyday living which would really be a regretful thing

but there are people who had done their best on looking for alternatives which do give out possibilities or probabilities for them to gain and re-roll or reinvest if they do have the chance.

Im actually into this kind of condition but i didnt really lost hope on doing so and trying out those probabilities of making income.

Ultimately, each of us should strive to figure out our own financial circumstances prior to investing into bitcoin, and surely it is possible to get started investing in bitcoin while getting our financial and psychological circumstances in order.

Surely, there are quite a few ways to assert that any of us should be able to start with some kind of a Dollar cost averaging strategy of just $10 per week, and maybe we are able to do more such as $100 per week or more.  We might not know our circumstances specifically without attempting to analyze where we are at in terms of our cash flow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, and time, skills abilities to plan, learn, strategize and reallocate from time to time which may also include trading and the use of financial instruments such as debt, margin or other financial instruments. 

For sure, I recommend getting your finances in order and attempting to employ the most basic of techniques before attempting to employ more advanced techniques including the use of financial instruments, debt or trading.  Also, starting out with at least a 4-10 year investment timeline can be quite helpful including attempting to learn and to tweak plans along the way that also involves monitoring your own personal progress and your accumulation of more bitcoin which presumably would also contribute toward increasing personal wealth with the passage of time, too.  Of course, in the short term, it might not be easy to measure progress, but with the passage of time there should be good likelihoods of progress and with the more passage of time, there becomes more and more chances that value invested into bitcoin starts to compound upon itself to show greater and greater compounding results.. and surely there is not necessarily any get rich quick in this, even though the financial wealth building that includes bitcoin will likely provide ways to increase wealth fast than traditional methods that do not include bitcoin.

The current bitcoin price is more than $40k, in my country at such a high price like this one can certainly buy a house with a land area of 100m2 or more, since the significant price increase I have never kept bitcoins and prefer to hold altcoins.

If you are leaning towards shitcoins merely because of unit price bias, you are likely failing to understand the value of bitcoin.. so perhaps if you think in terms of satoshis, you can still get 1 million satoshis for just under $430 (as I type this post).... so for sure, newbies into bitcoin should be attempting to set reasonable and reachable goals for themselves, and you do not need to buy a whole bitcoin in order to be making solid finanancial progress...

Focus on what is manageable for you.

So these days maybe guys start out with some kind of reachable goal like 1 million satoshis or 21 million satoshis.. or whatever might be reasonable without necessarily setting goals that are so high that causes you to throw up your hands in futility... because many normies are not going to be able to have one whole bitcoin, especially if they are getting into bitcoin now... but sure, some folks will work themselves up into whole coiner status.

One of the best methods into accumulating bitcoin is to consider some kind of dollar cost averaging budget, whether $10 per week or some other reasonable amount, and set reasonable goals for yourself including having 4-10 years or more of an investment time horizon...sure dollar cost averaging can be supplemented by strategies such as lump sum investing and buying on dips, but surely if you are considering to accumulate bitcoin.. sometimes it may well take some time to adapt into a kind of accumulation status with reasonable and meaningful accumulation targets and practices that are suitable to your situation. 

Fuck shitcoins... did I say fuck shitcoins?

If you get caught up on unit bias and you are investing in shitcoins, there are a lot of opportunities for you to get screwed over with those kinds of smoke and mirror nonsenses and just fuzzy and meaningless
attractions as if you just want someone to take your money, but hey you do what you want, if you believe that it is NOT valuable to focus on bitcoin accumulation first before getting distracted in your thinking and in your behaviors into buying various kinds of shit and believing that there might be value because they cost less and someone might pump them and they are good fun and blah blah blah.. then that is on you if you are into shit that is likely not to hold its value in the longer term such as 4-10 years or longer into the future.

Bitcoin allows for a lot of a solid foundation to build upon, and it tends to take a while to build wealth..and rushing it frequently cause people to never really build anything.. seen it time and time again...so considering whether you are investing or gambling could be a good thing to consider and considering how much you want to put into investing versus gambling might be another good thing to consider.. I do not really like to gamble with my investments, and part of the reason that I believe it is really risky to get very involved at all with any kinds of shitcoins or various flavor of the month varieties of those.

Agree that price is too high and difficult to own one which that is why those tight of budget Investor are finding new coins or existing coins that is promising for the future which they will invest on . But what i suggest is buy bitcoin in small bits then it will be accumulated over time . Just dont noticed it .

I think most of us understand that a full bitcoin is expensive, but you do not need to buy a full bitcoin, you can buy very small fractions of it without no problem so I do not see the problem that you are seeing, holding altcoins is a huge mistake, I could understand your posture if you said you traded altcoins and you were one of the few traders that could become profitable with such a high risk high reward activity, but holding altcoins is simply not the correct strategy since you do not know if the altcoins you are holding will disappear overnight, so if you plan to hold an asset in the market make sure you are holding bitcoin.

there are many beginners out there who have very high expectations on Bitcoin, all they think about in bitcoin is profit, and that is a dangerous thought. Bitcoin is very suitable as a long-term investment and cannot be used as a daily income. those who have families must have a steady income from outside in order to survive when investing in bitcoin because the price of bitcoin is very volatile.

May I join the "fuck shitcoins" bandwagon? I do not invest into them all that much but I still hate them because they make it so hard to make a profit and convince other people to join in. People see them either making a ton of money and consider it a scam (which they do look like one) or they see people losing it all and they think it is a scam (which most of them are).

So, shitcoins are actually the reason why crypto is not adopted faster in the world right now. Nobody says do not create brand new stuff, there are tons of coins and tokens that gets start and become huge, things like sol, matic, avax are all "new" when you look at it, even cake and uni is not too old. These are all 2-3 year old coins and they have risen to top 10 levels. So I have to say that there is a room for new projects, just not the shitcoin ones that barely get any traction.

Bitcoin at its current price is a very great price regardless of any country you are in but the purchasing power might be different and the house you will be able to purchase with that amount perhaps wouldn't do much in another country.
I'm not saying you are poor, I don't know you or where you are from but you have just prove this point to me, my second argument here.


As much as I don't like Altcoins, stick to bitcoin and hodl, you never can tell exactly what the future holds for this asset. Don't sell your btc because it's having a high price now.

I agree with you.  I really remember the journey of some new coins because I invested from still price of 1 USD to hundreds of USD.  However, Shitcoin undermines people's trust to engage and invest in crypto.  Regarding the thread that was made that not everyone is for Crypto, it's actually not entirely true, especially if it is associated with limited capital to invest.  I am one example, I even had 0 USD to be able to get a few USD from the crypto market.  At least there is a will and intention to develop is the key to success in the crypto market.

That actually find ridiculous but that is the reality.
Some people become hopeless and just ignore Bitcoin as they know that they can't afford to buy them. Maybe some just don't mind it for they got influenced by negative mindsets. it was to know that Bitcoin is only for the risk-takers which we could assume that not all are risk-takers as well. So, for those who are investing in Bitcoin now, they are too lucky as they have the experience and learning about crypto. This is not all about earning money, investing, but this is also driving for a better and very comfortable experience.

For instance, I can represent myself. I am from Bangladesh, where crypto is banned. But govt. allow it for basic works. In total, there is now a mixing situation in our country. The media said that it's illegal but we can use it openly. From this situation, we don't buy any crypto directly. We need to pay higher rates to buy bitcoin or other coins. There is a financial barrier that we are all facing who are in this market.
Many freelancers do blockchain works for clients that come from around the world, but there is no crypto startups in here. Many peoples have the idea but the govt will not allow it for open operations.
So yeah, Everyone is not for Bitcoin.

Unfortunately this is a price we have to pay, some have suggested that we need some form of control about the new coins that are being released but that will inevitably create a centralized point of failure that governments will exploit, so we have no option but to leave things as they are, so shitcoins are going to be with us for as long as this market last, so the only thing we can do to reduce their impact is to try to raise awareness among those that enter the market for the first time so they do not lose their money in this way.

Not true at all....

A lot of rich people started small and they worked hard to grow a business and then expand that business into a franchise and they eventually end up with a chain of shops and empire to be proud of...

I started with Bitcoin sucking on faucets, because I did not trust the technology and I doubted it's future... then I researched the technology and understood the risk and gradually bought small amounts of bitcoin.. until I accumulated a few coins and those coins became valuable over time.  ;)

It all matters with perseverance and effort because you couldn't really achieve something if you dont really set up goals or targets on your own and if you do intently to make your life a bit
ahead or have that financial freedom then it is just right that you would really be putting up some goals but ofcourse it would really be needing that extreme effort.
It doesnt really need to start up big and same as you said that you could build up yourself gradually until you do able to reach the state where
everything becomes big and scattered.

Personally I dont think Bitcoin will be "the cryptocurrency". Etheruem and Polygon seem to be good competitors to be "the cryptocurrency"

People are going to do what they want to their level of comfort, and so surely it takes a long time for people to become more and more comfortable when it comes to allocating into bitcoin.

I used to suggest buying BTC at $10 per week, but it seem like a more aggressive approach might be needed.. which is at least $100 per week, if you can afford it.. also I used to suggest starting out 1% to 10% allocation in bitcoin, and I have now changed that to 1% to 25%, and of course, each of us is responsible to do our own research, even though more aggressive accumulation of BTC might be warranted these days as compared to in the past.. and furthermore the justification for a more aggressive approach to BTC accumulation likely shows that the investment thesis for Bitcoin is stronger, and more people are learning about it.. so the prices are going up whether the various normies jump on board the bitcoin train or not.


It would be dumb as fuck to invest much of anything into those shitcoins.  Figure out your bitcoin strategy first.. and then once you establish a solid bitcoin strategy, then at that point maybe consider getting into shitcoins.. but I imagine that if you actually establish a pretty solid bitcoin strategy, you will realize that you do not need shitcoins in order to supplement your bitcoin strategy because there are not any shitcoins that are really adding any value... but of course, each of us has to consider those kinds of matters for ourselves, even if we come to the dumb conclusions in believing that shitcoins can actually serve as long term investments when they are largely smoke and mirror crapola.. that might work for a short term gamble rather than a long term investment.


Fuck the idea of crypto.. focus on bitcoin....Keep your eye on the prize and the valuable asset not crap.

Whether you are rich or you are poor, you can establish a strategy, and sure if you are poor, it may welll take longer to build up a strategy and to build the value of your bitcoin holdings, but you need to start somewhere, and if you whine about ONLY the rich get richer, then you are bound to miss opportunities that bitcoin provides to at least improve your lot, even if you don't become rich, bitcoin does provide a vehicle to provide opportunities to improve your lot.. especially if you attempt to take prudent strategies, and even if you cannot buy $100 a week, do what you can, such as $10 per week and figure out your situation in terms of if you might be able to increase your investment amounts in the future by either cutting some of your costs or increasing your income or a combination of such.,. including attempting to plan and strategize around your own particulars.. even if they might be more limited than the circumstances of some other folks..

There is no doubt in what you have said, people keep hearing of all this beautiful testimonies and yet some don't care, some care but do not have the resources and some have struggled to learn but can't. These are the dynamics of life. But, most times what deter people is the struggles involve in learning and so they look for what they deem easy.

But with time I believe a lot of persons will move into crypto because it is the future and a lot of person are seeing this and coming to that realization.

Not all have an interest in Bitcoin that is why we can see that not all are going to listen if someone talks about it, they apparently just ignore it and go. In fact, even poor people had even going to find a way just to invest in Bitcoin and have their hopes, however, they are really unfortunate that they can't buy more. This seems to be unfair, right? But, we also have to think that not all have been destined to become rich nor to become poor that is why we have to accept that life isn't fair all the time. So, while we still have the chance to invest in Bitcoin, we better make use of those and never missed them.

It's a fact like that, there will always be people who are not interested in Bitcoin and we can't force everyone to like Bitcoin. Sometimes there are
even people who hate Bitcoin, and will spread negative news about Bitcoin. Even more sadly, there are people who commit fraud using Bitcoin,
so Bitcoin looks bad in the eyes of ordinary people. I think everyone is free to decide whether to invest in Bitcoin or not, because Bitcoin was created
for everyone, but not forcing everyone to accept it. So it's really lucky for people who believe in the future of Bitcoin, and decide to invest
in Bitcoin. Because based on my experience in the crypto world, if we trust Bitcoin and invest in Bitcoin, it will open the opportunity to be rich.
Because Bitcoin is proven to have made a lot of new rich people.

First of all, it depends on the desired or the interest of the person. If he isn't interested in Bitcoin, he won't learn about Bitcoin seriously. Then, how does he gain from Bitcoin? I never think Bitcoin is for everyone, many people even have no interest to have Bitcoin. It is the fact, we cannot expect much from those people who have no desire for Bitcoin.

Of course, it's unnecessary and wrong to compel or vehemently try to convince people to join the Bitcoin network, you can prolly talk to them about it, but you'll have to allow them make their own decisions, the network is very volatile, and if you manage to convince some of this "weak hands" investors to put some of their funds in Bitcoin, when there's a plunge/correction, they'll either panic sell, make losses and then blame you at the end of it all. About people using Bitcoin to commit fraud, that's not really a problem with/for the network, Fiat has always been used for all sorts of fraud and racketeering, thus it's up to individuals to protect themselves.
This could prolly be true, but mind you that it doesn't make Bitcoin a get rich quick scheme, investors must be aware that patience is very much needed in the network, if one is looking for quick profits, then they should seek pump and dump coins, but their chances of loss would be higher than that of profits with those shitcoins.

This is a matter of self preference when it comes to market.
Some do like forex, whereas, others don't like to get involved with crypto.
But definitely most users here in the forum are in for crypto trading.
Now, it is up to you how you will enrich your knowledge when it comes to crypto.
In this forum alone, you will already gained tons of info ranging from compiling wallet, creating token, mining, and so on.
It is on your prerogative what path you will take when you are in this market.

Same as we before we didn't have any interest before knowing that this is new to us but guess what happen next? Curiosity starts when we see the value of bitcoin starting so I guess those people who don't have interest need some push since sometimes some of them just don't know on where to start since if they have little knowledge about it for sure they will risk something just to  get some bitcoins and used it for investment or anything where you can use it.

 I think people will get interested as long as it involves money and have a lot of testimonials that they are earning this amount of money because of bitcoin . This is usually the reason why people are going unto bitcoin.  I agree to those interest since people will risk money to gain more profit. Also sometimes curiosity kills but when you learn from your mistakes you could also earn profit from that

You are entitled to think whatever you want, however one of the aspects that differentiates a good investor from a bad one is their ability to see things through the eyes of others and avoid focusing exclusively on their own vision, it is undeniable that ethereum can give profits for those that invest in it, as the results are there for everyone to see, but bitcoin is too strong to be surpassed by it, the narrative which existed a few years ago about bitcoin and ethereum flipping positions is over, it will never happen, and it will never happen because while ethereum is being used to invest in all kind of shitcoins bitcoin is actually used to pay for stuff people want, making it many times more useful than ethereum will ever be, and with this in mind it is impossible for ethereum to ever surpass bitcoin.

It's no longer our problem if those people that knows bitcoin and cryptocurrencies can't avail to invest. We cannot also push them hardly if they barely survive just to put food in their tables. I know it's quite of a situation but we've been there. We can make things work if we're too focused and inspired by the problem that we're experiencing. All of us have 24 hours, and it's all on them how they're going to spend those hours they've got wisely and monetize it and as they earn, that's what they can use to invest in bitcoin.

Its a personal choice whether we do dig deeper into crypto space or wouldnt really make out any actions at all.Someones success will really vary on how hardly you do put up some effort.

Not everyone would really be having that kind of mindset because there are some who do work and some who do ignore and of course it would really be obvious on whose the one would
able to get that kind of opportunity to make profits out of their investment.

So it will depend on someones engagement and effort that do made.

To know bitcoin alone , it's a massive thing.

we are heading into final mass adoption phase which could take more than 50 years now for everyone to use bitcoin or any crypto in daily basis.
there is plenty obstacle as well to make it happened, but we are in the right direction .

at least by having prior knowledge about bitcoin, then we will have the insight to decide whether it is worth investing or not. everyone will have their own opinion, even there are famous people who don't like bitcoin even though they are famous economists. therefore we must believe in our own conscience so that it is comfortable to live it

Yes, that's depending on someone's effort. If they're sure with what they do, they'll going to push what they know and what they have. As they invest and go deeper on it, that only shows that they're interested and responsible for it.
The success that they'll have in the future speaks for the actions that they do for now. If they invest and believes that there will be the future and better price of bitcoin then they should make a decision today if the price is cheap.

And this is where mistakes do happen on which we do only engage when its too late or we had missed out already the train on becoming rich.If we had able to see its potential or possible benefit then we might able

to change our lives when it comes to finances.Not everyone would really be having that kind of mindset though but we do know that opportunity doesnt really come always thats why you should be smart

on taking up steps which you do seem that it could really benefit you out on upcoming future even though it wont be a guarantee but at least you had tried out.

That's a waste if they learn and understand btc but they do not have a money to put on it while on the other hand there are people that do not understand btc but then takes a risk and then lose. I think that if a person is willing they will do anything even if its hard just to get what their hearts desire.

Like for example they can do extra work to earn money and use it to invest in bitcoin. If done right their money can grow in btc and that can change their life dramatically. It might be true that life is unfair but everyone has a chance to change their lives. I remember there was a saying once that when you born poor its not your fault but when you die poor well that was obviously your fault.

Your statement is so daft. There is no knowledge that's a waste.
You must have heard of  Gold back then but you choose not to invest, does that make your knowledge a waste?
What do you say about Warren Bufet, they are aware of it flaws but didn't give it a try because it was never something they want to put their money into.
I was introduced to bond when I was in junior school when we attended a inter school competition, despite the knowledge and encouragement, I never dreamed of it and I was not even aware if bitcoin then. It's a choice to have knowledge and to also make used of it.

https://www.reddit.com/r/Bitcoin/comments/ry0of8/btc_is_a_fool_theory_type_investment_bill_gates/

Here is a link to a video clip by Bill gate when he wanted to short bitcoin when it was around $9k, he would have made history of the first billionaire to fall to zero for not believing in bitcoin after shorting with his fortune.

In summary, acquiring knowledge is one thing and investment on it is another thing.

Bitcoin is made for everybody to enjoy but some country who don't have any knowledge on bitcoin see bitcoin as a scam decentralized currency that will scam people in future. Till now bitcoin is still eliminating errors and improve employment in the world for countries to enjoy and improve their economy.
Anyone that is not enjoying the benefits of bitcoin are those who are not willing to understand decentralized currency in the community. Many countries that rejected bitcoin in their country some years ago has accepted bitcoin because their government has seen the good things other citizens are using bitcoin to do in their community. Many has used it to improve their businesses and education level.

The core element that hide behind bitcoin is the elimination of third party or the intermediary. The real purpose for which this got innovated isn't fulfilled, because even the stores that accept bitcoin into their business use services like bitpay.

Bitcoin is for all levels of people and there is no discrimination. However the growth has made it to be affordable for specific group of people. However it is possible to buy based on our investment ability making it an accessible asset for everyone. With time changes will happen, and until then market doesn't look like a diversified one.

There still seems to be quite a bit of ongoing empowerment of businesses because they can choose to use third parties or not... Also, we have ongoing development in which some ways of interacting with bitcoin might become less complicated.  For sure, there is a certain level of technical complication with the lightning network, and it seems that one of the costs of having  individual empowerment in a decentralized and open source way is not really easy to carry out without a decent amount of complications..  A decent amount of the value of both bitcoin and the lightning network is the difficulties to attack - so there is a kind of power that comes through these kinds of services that have never really been available to people before. Third parties can help to make the use of the services less complicated, but then as you suggest ends up taking away some of the power of the whole bitcoin/lightning network systems to the extent that a large number of people/businesses start to rely on the third-party systems.


There are always going to be difficulties with conceptualizing ideas of what is a fair launch and the extent to which normies have had reasonable access towards investing in bitcoin, and for sure a certain amount of technical knowledge or even access to the internet would have allowed for people to have exposure to bitcoin and appreciate the practicalities of it.   Of course, there has always been a certain amount of hoarding going on in bitcoin, and even in the past year and a half, Michael Saylor has been promoting the idea of hoarding and even doing that for himself, so of course, hoarding pushes up the BTC price and makes it more difficult for later comers to acquire anything close to as much bitcoin as the earlier adopters.

So, in some sense, there is quite a bit of incentive for normies to become sufficiently aware of bitcoin and to act to start to accumulate BTC at whatever level that they are able to muster up based on their own circumstances... the longer that normies wait to get in, the smaller the level of BTC stack that they are going to be able to accumulate, yet I will argue that even late comers to bitcoin will still have a lot of potential to be empowered to come into bitcoin because in a large sense bitcoin is designed to pump forever.. and even now days we may well ONLY have less than one percent of the whole world who have any kind of meaningful exposure to bitcoin, and a certain number of those who do have exposure to bitcoin are holding a decently large number of coins as compared to some kind of "bitcoin share" that would presume a kind of equal proportion (distribution).. so there is some personal responsibility to both learn about bitcoin and to start to accumulate bitcoin as early you can.. and for sure, many of us likely know quite a few people who still have not gotten much of any exposure to bitcoin, and part of the reason is their failure/refusal to act and to set up systems to start to accumulate. 

Of course, there are some people who really have not yet heard of bitcoin or do not have any real understanding of what bitcoin is, and there is ONLY so much that can be done to help them in terms of learning about bitcoin in order that they are going to be able to help themselves.... and ultimately, it is not easy to figure out ways to inform the less informed folks in order that they can be advantaged by bitcoin, and surely some people do "get" bitcoin sooner and more quickly and even though someone like Michael Saylor and his company have learned about bitcoin in a relatively late (and recent) time, he and his company look like early adopters partly based on their level of aggressiveness in terms of accumulating (hoarding) bitcoin in a very prompt way once he and his company did find out about bitcoin.. and for sure, he found it to be a more beneficial way of going about his accumulation (and hoarding philosophy) in a quite public way (and surely he is a very articulate person who puts the whole matter in very clear terms).

This is the reality, the phrase is the real talk in the crypto world.

Everyone wants to have bitcoin but in reality only few of those who wants understands the risk of investing bitcoin, most of us probably just focus on the reward as we got inspired by other people because of their success without understanding how they were able to do that.

That's why some gets easily victimized by scams, like the ponzi scheme in particular because of greediness and the scammers are very smart to use the popuarity of bitcoin on their scam business.

Bitcoin shouldn’t be the only thing you have focused on. If you are investing in Bitcoin you should as well have other businesses or a work that you are doing that would be generating you a steady income. If you’re to be waiting on Bitcoin at all the time, then it is really not going to work out, because you would always be in need of money and at the end of the day you will be selling the Bitcoin you have just to get profit.

But, if you are someone who have something else that they are into (you are working or you have a business), then you would have something that would be able to sustain you until you are able to make a reasonable profit through Bitcoin.

Well, something else I think you have to know is that when you invest in Bitcoin, the profit isn’t something that comes quickly, it do takes time. Bitcoin is not a quick way to run your capital up, but the good thing about it is that if you are able to invest for a long term and you are able to have that patience that it would take for it to increase, when the profits eventually comes, it is going to be really huge.

Of course, there are a little profit that you can get on a daily, maybe by trading Bitcoin, but that isn’t really enough for someone that is taking care of their family and have a lot of expenses to handle every day. So, for you to get that good amount of profit, it is something that will take time. So, anyone who really wants to make good profit from Bitcoin need to make out money for it and invest, and be ready to hold that for a long term.

Image explaination was enough for the process of the dollar ruin our life.It's essential for the trade mark element like bitcoin to save us.If you had invested in the gold, after two to three years, you will get 4 percentage of money which you invested as an interest.Even it will happened in the Bank deposit. But it was not the same in the terms of bitcoin.If you had invested 10k dollars in a bitcoin.You can have a look of profit in two years, it will be 50 percentage of investments.

People want to invest in bitcoin because of the profits, not on the potentials of bitcoin that makes it more profitable. So they look for shortcuts where they can make profits easier and faster. And end up losing their funds. Bitcoin is not a rich quick scheme. Yes, its giving us more profits but we need to learn it first and understand how it works. Everyone wants to invest in bitcoin, but not everyone wants to learn and be capable of long term profit making.

Many people think like that they just want a way to make a quick profit and of course that's a big mistake,
investing or trading in crypto especially Bitcoin is not as easy as people imagine,
besides that they forget to make a profit or be successful in crypto it takes a process and needs to learn it

Bitcoin is for people who understand fluctuations and regulations in crypto as well as people who often understand or predict cycles in digital money.

unfortunately, up until today, there are still many newcomers who have great expectations when they get on board with crypto. they are misled with what they are watching from these YT streamers with clickbait of earning huge amount of money when they trade crypto.
come to find out that crypto market is not an easy peasy industry to venture with. patience is needed to gain enough knowledge to earn profits. but if you are aiming to win big time at one go, better forget such illusion.

What do you mean by cycles in digital money? Is this the same as up and down of the price? Or we can also say the bear and bull cycle? But, not all digital money are like cryptos that are volatile. Paypal is a digital money but it was stable and other more. People join crypto thinking that it was decentralized so your right, that they should also know that cryptos are prone to regulations.

Understanding fluctuations is important so that we will know how to make money on here but this wasn't enough I believe but there should be something that they need to learn to become good at it. Bitcoin is not for everyone because btc is not easy to understand and there is also country restriction.