Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Pablo-wood on October 21, 2023, 05:50:24 PM



Title: Is Bitcoin for everyone?
Post by: Pablo-wood on October 21, 2023, 05:50:24 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..


Title: Re: Is Bitcoin for everyone?
Post by: tjtonmoy on October 21, 2023, 05:58:55 PM
If you are talking about trading Bitcoin and earning profit then Bitcoin it's not for everyone. Because trading is not for everyone. Also for Hodling. If you are unable to control your emotion in times of market fluctuation you can't make profit from your hodling. So it makes sense to say that Bitcoin is not for everyone. If you just wait for some weeks or months to profit from Bitcoin it will take a tremendous luck for that to happen. Bitcoin is a long-term investment asset. If you want the "best profit" you will need to hodl it for a longer period of time until it reaches its peak.

Now if we talk about "if Bitcoin is for everyone". Yes, anyone who has the knowledge about Bitcoin can use it, acquire it and accumulate it. Anyone can own Bitcoin. But the lack of knowledge and lack of understanding about technology and stuff is restricting people from doing so. Bitcoin is for everyone but not everyone can use it.


Title: Re: Is Bitcoin for everyone?
Post by: Upgrade00 on October 21, 2023, 06:00:40 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem.
You are investing money you cannot afford to lose that's why you sell at a loss. You should not be investing money you will need to solve a problem into Bitcoin.
This is not a Bitcoin issue but an investment topic. Anyone who starts off an investment wrongly risks selling at a loss or buying the wrong assets which never give any profit.

This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
You should be learning from your mistakes and fixing it in your investments going forward and not drawing up conspiracy theories.


Title: Re: Is Bitcoin for everyone?
Post by: cabron on October 21, 2023, 06:00:55 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

This is why recommended to invest your extra money and not the ones that are intended for your next week. Of course, there are many of them who keep their coins for more than 1 cycle of the BTC bull market.

It is for everyone, even if you are poor with just $20 in your pocket you can have BTC worth $20 as long as you choose to hold though. But the majority will pick to use the $20 to buy now rather than thinking of how much it will be in the next bull run.


Title: Re: Is Bitcoin for everyone?
Post by: NeuroticFish on October 21, 2023, 06:02:05 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is a tool. A great one. But, like the case for most tools, one needs to understand how to use it for his own benefit.
And yes, this means that Bitcoin is not for everybody.
* some will lose it because he doesn't understand how to keep his coins safe
* some will lose money because they don't have the patience and missed the basics of investing
* some will be lured to various scams or meaningless ways to waste money and energy
and the list can continue.

Plus, with the time ticking and the price going higher every cycle, more and more (failing to understand the power of 8 digits after the decimal point) will think they've missed the train or that Bitcoin is not for them.
And this is sad, because all that Bitcoin needs is a little patience and willingness to learn (and I don't mean here the cold math behind it).


Title: Re: Is Bitcoin for everyone?
Post by: aylabadia05 on October 21, 2023, 06:12:26 PM
21 million for everyone who wants to have it.
Bitcoin was created for everyone who wants to use it. The use of Bitcoin for investment brings profits because Bitcoin holders are patient with their investment strategy.
People who sold when the price pumped within a month and made a profit will regret selling while long-term Bitcoin holders who were unaffected by the instantaneous increase made bigger profits when Bitcoin reached a new ATH.

Traders or investors who bought Bitcoin in September, may have sold when Bitcoin reached $30K. Other investors out there still didn't sell when the price rose to $30K.
It all depends on the investment target.


Title: Re: Is Bitcoin for everyone?
Post by: panganib999 on October 21, 2023, 06:34:39 PM
I wouldn't exactly say it IS for everyone, but out of all the cryptocurrencies there are in the market, Bitcoin has been the most consistent in providing people with profits. This has nothing to do with how much you're gaining by the way, but just over the fact that bitcoin has been very generous in giving people consistent yields over the years it's starting to look like bitcoin is for everyone. In any case, if I were to recommend investing in bitcoin to someone who's just learned about crypto a little while ago and is now eager to test the waters, bitcoin will be the safest recommendation, and I think everyone will back me up when I say it's because it's the safest option out there compared to let's say, ethereum, or maybe even XRP.


Title: Re: Is Bitcoin for everyone?
Post by: Stalker22 on October 21, 2023, 06:36:30 PM
This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

It is not for everyone, only for smart people!  ;)

Seriously, some folks get scared off if you tell them to invest in it, even if you lay out the risks honestly and  cant make people take chances with their money if they dont want to.  But heres the thing - you dont gotta be no financial expert or tech genius to get into Bitcoin.  Just dont be flat broke, neither.  Make sure you got enough cash on hand to cover all your basic needs for a while before you put your money into it.  Ideally, dont invest money youll need back in the next few months. Preferably years.  Its a long game. So, if you got some savings and understand theres some risk, it could pay off big time in the long run.


Title: Re: Is Bitcoin for everyone?
Post by: Dunamisx on October 21, 2023, 06:58:47 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem.

Not everybody is doing the same thing that others are doing that makes them have a better results, have you considered about the way you did yours that makes your own different, maybe it's high time you start to learn about new things on how to be a successful bitcoiners.

Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is for everyone, if you can invest and hodl for a more longer period, it may not work by your own personal timing because you're too eager or desperate to see bitcoin yielding profits, or maybe you're told you will get more than double of your investment within a short period of time, but if you can hold and learn through the process, it will yield beyond your expectations.


Title: Re: Is Bitcoin for everyone?
Post by: Faisal2202 on October 21, 2023, 06:59:20 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Based on your question, I will say, BTC is not for everyone but I give a neutral reply, which means the one not based on anything, I will say, BTC is for everyone. In the first scenario, where BTC is not for everyone, you are the first and good example to be used. Like if a person is doing holding then he must know what holding is, and what practices should be made to be profitable while holding the BTC. And in your case, you think holding is all about keeping BTC in your wallet for like 1 or 2 months.

But nope. Holding means keeping your assets for more than 5 years, and if you think you will hold BTC for 2 months and will make a profit, then you are wrong, you can not make a profit out of holding in 2 months but you can make profit out of trading in 2 months. So generally speaking, you have to be knowledgeable before investing in BTC and once you think you are well educated then I can say, that BTC is for everyone but for those who are educated ones.


Title: Re: Is Bitcoin for everyone?
Post by: Y3shot on October 21, 2023, 07:24:19 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Bitcoin  is for everyone,  some buy and the price just goes up that is their luck because they never knew the price will go up fast. Bitcoin is for everyone and it is only those who truly understand it can get profit from it. Bitcoin price can not be predicted, for the price to increase it can be slow and it can be fast in increasing.  Whenever the price is slow to increase the only option is to just have patience to keep hodling your coin. Before you go into the market to invest in bitcoin, you have to make up your mind first to understand that bitcoin is a longterm and not an investment to make profit quick, with this mindset you will be able to stay firm even if it takes long for you to get profits.  But when your mind is already expecting profit so quick from your investment,  you will be so disappointed to keep hodling and you will end up selling at lose.


Title: Re: Is Bitcoin for everyone?
Post by: Zaguru12 on October 21, 2023, 07:42:15 PM
This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

To be frank, to make profit with bitcoin is actually for selected people. These people are those that have the patience to hold and this people are those that invest with the Amount that they can afford to lose or an amount that they wouldn’t be needing for a short period of time. Another set of people that earn profit from bitcoin are those that trade and this needs knowledge and experience.

The other aspect of bitcoin that is for everyone is the treating it as an alternative to fiat currency and only use for daily buy and sell transactions of goods and commodities.


Title: Re: Is Bitcoin for everyone?
Post by: hatshepsut93 on October 21, 2023, 07:46:54 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem.

The main rule of investing is investing only what you can afford to lose. If you are breaking it by investing money that are a part of your safety net, then Bitcoin is not suitable for such investments due to its volatility. In this case you should be investing in assets that can only go up, like bank deposits that allow early withdrawal with a penalty.


Title: Re: Is Bitcoin for everyone?
Post by: Z-tight on October 21, 2023, 07:56:41 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
When you spend the fiat in your savings account to solve one problem or the other, does it make you feel like fiat isn't for you, or when you liquidate some of your assets for whatever reason, do you feel like that asset wasn't for you. You had your keys, you decided to spend your coins and that's that. BTC is censorship resistant and permissionless, and so that means it is for everybody.

BTC is volatile and you can make some returns from its volatility, but nobody guarantees you that it will happen, you have to be ready to hold it for sometime or until the price rises, it is an easy thing to understand.


Title: Re: Is Bitcoin for everyone?
Post by: SatoPrincess on October 21, 2023, 07:58:35 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Yes you’re losing money because you’re treating bitcoin like a gamble. You can’t make profit from bitcoin in such short time, it makes sense if you’re referring to altcoins. Bitcoin trading requires in-depth knowledge and skill to be successful, this is why hodling is recommend as the best strategy for non trader and newbies alike. Even though hodling is less technical, you still have to DCA before making buying bitcoin.


Title: Re: Is Bitcoin for everyone?
Post by: Victorik on October 21, 2023, 08:15:00 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

If you are talking about BTC, it is for everyone that are willing to learn and be patient. Sometimes we lose money when we panick sell, especially when we invest money meant for other things.


Title: Re: Is Bitcoin for everyone?
Post by: cryptomaniac_xxx on October 21, 2023, 08:16:27 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

It depends on how you look at bitcoin, if you see it as payment scheme, then yeah it could be for everyone. But as we have seen already, it has evolved so much that it is being considered as a asset because it's being traded in an exchange. And with that it could be like stocks, and not everyone is into stock tradings or any form of investments simply because they don't like it.

Plus we've heard "BYOB", Be your own Bank, and maybe there are people that is not technically inclined, because there is a learning curved when you start your Bitcoin journey. You need to learn how wallet works, and then later should know how to practice security hygiene. And that is the most difficult part for the majority and that could be the reason why some of us are being hack or losing our precious bitcoin because we don't know how to protect it.

But in the OP's case, it seems that he is still learning Bitcoin or at least learn how to make money out of it. Maybe his approach is just to make short term money, and that is hard to do unless you are have a experienced in training. And then the saying that you should invest what you can afford to lose. Perhaps the OP's money is not for investing as he wants to sell it short term. The better approach for Bitcoin investing is really long term, or at least one Bitcoin cycle to test and see how it will fit for you.


Title: Re: Is Bitcoin for everyone?
Post by: kingvirtus09 on October 21, 2023, 08:36:50 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is only for people who believe in it. And if you believe this, you should also know what you should do to have it. Now, the question is: what are the requirements for you to have Bitcoin? Of course, the main way is to trade here or hold it long-term.

We know that trading is not easy to understand; it is not just buy and sell, literally, and then you will earn Bitcoin immediately; it is not like that. You need to know how to read a trading chart or graph, even with the tools that are used here, so that we can predict the possible direction it will go, whether it is up or down, but of course you must learn the basics first. And it's not a night that, the next day, you immediately know and understand; there is no such thing, of course.


Title: Re: Is Bitcoin for everyone?
Post by: I_Anime on October 21, 2023, 08:47:03 PM
I can relate though. But I think everything just timing. And disciplines, I know is really discouraging when you're trying to hold bitcoin but it just keep falling and you're losing. This will lead to you selling it in loss to cut loss. One of the main thing that cause this is FOMO (Fear of missing Out) so most of us don't want to miss out, which will lead us in buying the wrong time. So Bitcoin are for those who are ready to learn and be patient because no matter volatile the market is. Bitcoin will always rise, Though sometime market might not be going your way. and you may end up losing more mostly when you cut loss at the wrong time, Like when BTC dropped   around the range of 20k$ to 15k$ many holders falls as victim in cutting loss at the wrong time but some choose to wait. but now bitcoin  as risen to the range 33k$. so this prove that bitcoin can move in both ways, but any way its moved someone is at there still profiting from it, so its varies.


Title: Re: Is Bitcoin for everyone?
Post by: Bananington on October 21, 2023, 08:53:37 PM
Bitcoin is not for everyone to invest in and make profit, but bitcoin is for everyone to use as currency for payment of goods and services. Some people lack the ability to hold bitcoin for investment and make profit from it, and no matter how much people are advised how to invest in bitcoins and make profit, they will always make mistakes, respond to emotions and pressure and will not find making profit from bitcoins easy. So truly, bitcoin is not for everyone to invest and make profit, not for everyone to trade, not for everyone to mine, but can be for everyone to use as currency.


Title: Re: Is Bitcoin for everyone?
Post by: BitcoinPanther on October 21, 2023, 09:01:26 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is intended to be used by everyone as a currency and be a mode of payment but it is not for everyone in terms of investment and trading.  Bitcoin market is highly volatile and often unpredictable so it is not for people who don't have enough money to hodl and wait for months or years to gain profit.  It is also not for people who are aiming to get rich quickly, it needs patience to see a desirable profit.  It is not for lazy people who has no intention of learning its market and hope that they will profit.


Title: Re: Is Bitcoin for everyone?
Post by: tabas on October 21, 2023, 09:21:39 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem.
This varies per situation of the holder. Just like your example, you were about to profit but you have to sell because of some important matters and that's fine. If Bitcoin isn't for everyone then your money has gone away and you go home with nothing and yet, you were able to still sell those and you got that cash for solving that problem of yours. The help was there although you were in a loss during that time but, you were still to trade and sell it.

Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
It is, but when you invest you need to consider that you don't all in on it. Learning from the situation that you have been before, that's why I am telling you and other new investors to just invest what you afford to lose so that you won't sell when you're in dire need because this is all what you've got.


Title: Re: Is Bitcoin for everyone?
Post by: Distinctin on October 21, 2023, 09:28:19 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
This question has been raised a lot of times but still a lot of us here are still confused on whether bitcoin is only for few individuals or everyone is free to engage in it. As for me, bitcoin is open for everyone. We can all invest and trade if we want as long as we are financially capable to accumulate bitcoin. However, my question is will it work for everyone? Will everyone be successful with bitcoin? The answer is NO.

Bitcoin is obviously not for faint-hearted and less knowledgeable and inexperienced individuals. Even if you have the money, that will not guarantee success with bitcoin. But if you have the right attitude, skills and adequate knowledge needed to make bitcoin work, of course the possibility to succeed with bitcoin is at its peak.


Title: Re: Is Bitcoin for everyone?
Post by: nurilham on October 21, 2023, 09:29:52 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
How long do you invest or trade Bitcoin? I think there is something wrong with the way you learn Bitcoin investment/trading. If you learn correctly, you must understand that people hold Bitcoin isn't for weeks or months, they hold Bitcoin for few years. You need to understand the bearish-bullish cycle, so you know when to buy and when to sell your Bitcoin. The cycle returns every 4 years, you must understand how to take advantage from this cycle.

Anyway, why do sell at loss? Do you feel panic or you need to earn money for your daily needs? You need to understand that you mustn't use your main money, or the money for your basic necessities. That's because you will hold the Bitcoin for few years, it is a long time holding. You also need to know that we are still in the bearish season, it is not the time for selling.

Actually everyone deserves to invest in Bitcoin as long as he/she knows how to invest properly. If there are people who failed with Bitcoin, they probably still don't know well about Bitcoin investment. They need to learn more, improve the knowledge!



Title: Re: Is Bitcoin for everyone?
Post by: Furious 7 on October 21, 2023, 09:32:17 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Bitcoin is not for everyone but bitcoin is only for those who want and those who are serious about being in bitcoin.
You often sell even if it is a loss not that bitcoin is wrong but you are acting carelessly because you already know it is a loss but you are selling at a low price which for this I do not understand what you are doing.

On the other hand, this is not a matter of being lucky or not when buying at a low price but whether or not you can hold bitcoin when you have it. This is an important point because in the end at any price you buy when you are unable to hold bitcoin the result is the same because you only think about selling and selling.


Title: Re: Is Bitcoin for everyone?
Post by: Dr.Bitcoin_Strange on October 21, 2023, 10:19:34 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Yes, Bitcoin is for everyone, especially you. In the history of Bitcoin, Satoshi Nakamoto did not restrict his technology to being accessible to some categories of people; he designed Bitcoin for everyone, with no restrictions, and anyone who chose to use it was free to do so. When Satoshi created Bitcoin, he said it was to serve as a digital currency and a decentralized means of making payments without the help or involvement of any third party. From the start, Bitcoin was not taken as a means of investment and making profit, but it was after the price skyrocketed that many holders became millionaires and billionaires. That's how and why some people have just cultivated the thought that Bitcoin is only for investment and making profit. OP, if you want to invest in Bitcoin with the hope of holding it for a long time and making a profit, then you should also have other streams of income. If you only depend on your Bitcoin investment, then you will definitely use it up when you have any financial need, but if you have a source of income that you rely on apart from Bitcoin, then you will hopefully earn from there and invest a small amount into Bitcoin. With such an approach to accumulating Bitcoin, you can hold it for a long time.


Title: Re: Is Bitcoin for everyone?
Post by: lionheart78 on October 21, 2023, 10:22:21 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem.

It is because not everyone is knowledgeable about the Bitcoin market and please don't blame Bitcoin for having no confidence and patience in the Bitcoin market.  It is not Bitcoin's decision to make you sell your stash.  It is your own action, if only you have enough funds to meet your needs, I know you will hold BTC until you sell at a profit.  This gives us a lesson that if we don't have a stable job or source of income, it is really hard to hold Bitcoin for a long term because the same situation like you will happen.

Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..


Bitcoin is for people who have perseverance and patience.  Bitcoin is not get-rich-quick investment and if someone told you that, they may probably want to lure you to a scam investment.  It has been proven and stated by lots of people several times that Bitcoin is not a get-rich-quick investment and if you look at the history, people who got filthy rich in their Bitcoin investment need to wait for several years.


Title: Re: Is Bitcoin for everyone?
Post by: Traderbtcc on October 21, 2023, 10:47:00 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Absolutely! Bitcoin is accessible to anyone who wants to buy and trade it. If you're not making a profit, it could be due to your approach to the market. It's important to use spare cash for trading or investing, so you're not pressured to make hasty decisions. Luck doesn't play a role in the market; you have to take full responsibility for your actions. Stay informed and make wise choices!


Title: Re: Is Bitcoin for everyone?
Post by: nakamura12 on October 21, 2023, 11:00:35 PM
Yes, it's for everyone who are interested in learning Bitcoin and investing if they want to invest and No, it is also not for everyone because not all people are interested in Bitcoin or cryptocurrency for some reason. Now you know why the answer is both yes and no. Anyway, it's up to you if you also think the same but for me that's my answer and it's also my opinion. We all have different opinions and because of it, we have different answers.


Title: Re: Is Bitcoin for everyone?
Post by: uneng on October 21, 2023, 11:11:53 PM
Of course it's not for everyone, because not everyone has the right mindset to invest in Bitcoin, besides being more inclined to another categories of investments based on risk and volatility levels.

However, in OP's case, the issue was planning and organization. If he had planned his investment correctly, he wouldn't need to sell his holdings for a cheaper price than he bought. Rather, he would be still holding for the necessary length of time, doesn't matter if it would take a week, a month or a year. I don't believe Bitcoin is supposed to work only for selected individuals. Instead, it's supposed to work for individuals who have long term goals when investing.


Title: Re: Is Bitcoin for everyone?
Post by: romero121 on October 21, 2023, 11:18:42 PM
Each and everyone who had kept hold of bitcoin have profited. The users who hadn't got profited out of holding were the one who hadn't utilised the holding feature and was in panic. As the market is volatile by it development, there used to be fluctuation and the same causes fear among the people who are new to bitcoin holding. Maybe such situation should've taken place with the users. Apart from this, holding is the best way to profit than making ourselves involved into trading activities and making money. Bitcoin hadn't got restrictions and it is for all. The price looks high and gives a thought only the rich can buy. The reality is different as everyone were able to buy according to their ability and use it.


Title: Re: Is Bitcoin for everyone?
Post by: 2Pizza410000BTC on October 21, 2023, 11:40:26 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
I think Bitcoin is for those who invest and hold until the investment succeeds. Bitcoin is not for people like us because we have to sell the Bitcoin we hold at any time due to scarcity. There are times when we have to sell where we lose twice as much as we bought. So in this situation I think Bitcoin is not for middle class needy people like us, I think Bitcoin is for those who don't need money.


Title: Re: Is Bitcoin for everyone?
Post by: PX-Z on October 21, 2023, 11:51:00 PM
This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
No, bitcoin, crypto or even the whole purpose of investments is not for everyone. Before entering in bitcoin trading, people need to understand first the security of their device and wallet, safety for their funds. Now if this person doesn't know how a simple send/receive works which some still getting a problem, neither trading or holding should be recommended to them. They will just lose their money snd later on insecure their wallet because of bad practice doing with the device where their wallet is installed.


Title: Re: Is Bitcoin for everyone?
Post by: GideonGono on October 22, 2023, 12:37:59 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Bitcoin is free to use by everyone, but investment and trading is different from your perspective.
Base on your statement you believe that Bitcoin would make everyone successful by investing and holding them, but it doesn't work that way at least for most of us.
It doesn't work that way, the way you say it makes it sound like you are expecting every investor or trader to be successful because others could pull it up.
Do you think every business owner would succeed because they started their business?


Title: Re: Is Bitcoin for everyone?
Post by: angrybirdy on October 22, 2023, 12:51:56 AM
Yes, it's for everyone who are interested in learning Bitcoin and investing if they want to invest and No, it is also not for everyone because not all people are interested in Bitcoin or cryptocurrency for some reason. Now you know why the answer is both yes and no. Anyway, it's up to you if you also think the same but for me that's my answer and it's also my opinion. We all have different opinions and because of it, we have different answers.
Bitcoin is literally not for everyone, Not all people are interested when it comes to crypto or into different type of investment. That's true that it is free to use by everyone but It's difficult to explain how crypto works over and over again because some people stick to their mind that crypto is a scam just like what they heard and watched on the news. Bitcoin is open for those who want to learn more and have a basic knowledge and understanding of it.


Title: Re: Is Bitcoin for everyone?
Post by: barisbilgili on October 22, 2023, 01:04:44 AM
This question has been raised a lot of times but still a lot of us here are still confused on whether bitcoin is only for few individuals or everyone is free to engage in it. As for me, bitcoin is open for everyone. We can all invest and trade if we want as long as we are financially capable to accumulate bitcoin. However, my question is will it work for everyone? Will everyone be successful with bitcoin? The answer is NO.
It is true that everyone can invest in Bitcoin, but before they start investing in Bitcoin, of course they are financially capable and have knowledge of Bitcoin so that they can benefit from what they are going to do. I agree with you, not everyone can achieve success with Bitcoin because without knowledge and a strong mentality, of course they will easily give up investing in Bitcoin.

Bitcoin is obviously not for faint-hearted and less knowledgeable and inexperienced individuals. Even if you have the money, that will not guarantee success with bitcoin. But if you have the right attitude, skills and adequate knowledge needed to make bitcoin work, of course the possibility to succeed with bitcoin is at its peak.
It takes many processes that must be passed to be successful in investing in Bitcoin because each process they go through will certainly add to the experience and knowledge that we have so that we can achieve success.


Title: Re: Is Bitcoin for everyone?
Post by: synchronym on October 22, 2023, 01:07:05 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
All of us who invest in Bitcoin know that Bitcoin is a long-term project. What we need to have in Bitcoin investing is a lot of patience. If we rush instead of patiently investing Bitcoin then Bitcoin will not be very profitable. There are many people who have little idea about Bitcoin and think that investing in Bitcoin will make them overnight millionaires within a week or a month. If there has been someone who has become a millionaire within a month or six months of investing in Bitcoin, then his luck has been with him. But this is not the fate of everyone, so we have to take time and invest in Bitcoin, otherwise we may face losses.


Title: Re: Is Bitcoin for everyone?
Post by: Patrol69 on October 22, 2023, 01:36:03 AM
What people save money for, to use that money in times of danger to get out of danger. We invested in Bitcoin and planned the investment for a long term but I don't see anything wrong if at one stage of investing we face a lot of risk and we have to sell our investment to overcome that financial risk. By selling bitcoins you can use it for your needs. When the needs are over, when you have money again you can invest bitcoins again. You may have sold your bitcoins at a loss, but the important thing is that you were able to meet your needs with bitcoins. Don't be disappointed if you sell your bitcoins once at a loss, then invest again for a good time and try to hold for a long time, hoping you can make a profit the second time.


Title: Re: Is Bitcoin for everyone?
Post by: taufik123 on October 22, 2023, 02:16:11 AM
-snip-
By selling bitcoins you can use it for your needs. When the needs are over, when you have money again you can invest bitcoins again. You may have sold your bitcoins at a loss, but the important thing is that you were able to meet your needs with bitcoins. Don't be disappointed if you sell your bitcoins once at a loss, then invest again for a good time and try to hold for a long time, hoping you can make a profit the second time.
I've been there, the most important thing is that your primary needs are met and maybe some ongoing investments can be a lifesaver.
But here we can learn how to do financial management well. Divide between basic needs and investment needs.

Putting money that is not needed for other things in the investment so as not to interfere with the investment.
If investing in Bitcoin for the long term and already getting a profit of at least half of the amount invested at the beginning, it is good enough Or take some of the investment for emergency needs.

Just need to organize financial management well and use a strategy that suits your situation.


Title: Re: Is Bitcoin for everyone?
Post by: YUriy1991 on October 22, 2023, 02:29:48 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem.

Whether this is true or not, what I have noticed to date is that there are still investors who still find it difficult to predict Bitcoin (BTC) price movements because of its high volatility. Btw, I have also felt what you feel but that is the real lesson (examine yourself why we are always defeated)

Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour.  This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Friends, Bitcoin was created by Satoshi as a financial tool that can be accessed by everyone, regardless of background or social status. This means that anyone can have access to Bitcoin and one more thing, don't be mistaken in understanding and interpreting the language "BTC is a scheme for certain individuals" from your writing above, because Bitcoin does not lead to that but is a financial instrument that requires a careful approach and good understanding. I think it's clear enough.


Title: Re: Is Bitcoin for everyone?
Post by: stadus on October 22, 2023, 02:32:29 AM
Sure, Everyone can invest on Bitcoin but Bitcoin is not for everyone. Not everyone gets what Bitcoin is and has the financial capacity to dive into it. The golden rule of investing is to only risk what you can afford to lose, and sadly, not everyone's living the high life. In places where poverty's a big issue, folks often prioritize putting food on the table over investments, so they're kinda out of the game for now. But let's not forget, countries can turn the tide on their economies, so the door's not closed forever.

There are also people who've got the money to invest but haven't quite wrapped their heads around the whole crypto scene, so it's not their thing either, at least for the moment. What really matters is that the opportunity's out there, and it's just a matter of time for some folks.


Title: Re: Is Bitcoin for everyone?
Post by: michellee on October 22, 2023, 02:39:25 AM
Bitcoin is for everyone but unfortunately, not everyone wants to use Bitcoin. It is normal to sell at a loss. Many people have done it before, including me. But if you can learn more about Bitcoin, you will start to learn to give strong-hand investors a try.

You wouldn't sell at a loss just to solve a problem. But you can hold Bitcoin well and only sell Bitcoin when you really can't find a solution. Most people sell their Bitcoins when they are faced with a sudden need that requires money and sell his Bitcoins so they can meet their sudden needs.

Besides that, they will not easily sell their Bitcoins. If the market is declining, they buy Bitcoin instead of selling it. If you are really strong-handed, you will not sell Bitcoin just because you have a loss. You can hold it until the price reaches your target selling price. Be patient for a moment. We are almost there to see a bull market.


Title: Re: Is Bitcoin for everyone?
Post by: Tony116 on October 22, 2023, 02:40:02 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

If you sell at a loss or lose money when investing in bitcoin, it is your fault, not bitcoin's or anyone else's. You sell at a loss because you don't have a proper investment plan when you have to sell to solve life problems.

Bitcoin is for everyone, anyone can invest in bitcoin, it does not discriminate on gender, class, or skin color, especially anyone can start with any amount of capital. Unlike other investments that require a certain amount of capital to start.

You can invest in bitcoin, which means bitcoin is for you and whether you win or lose is up to you to decide. Just because you lost money investing doesn't mean bitcoin isn't for you. Don't assume that if you lose money it means bitcoin isn't for you.


Title: Re: Is Bitcoin for everyone?
Post by: LogitechMouse on October 22, 2023, 02:44:59 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
You're overcomplicating things TBH.
You sold your Bitcoin holdings at a loss because you want to solve a problem then you'll think, and ask yourself if Bitcoin is for everyone?  ??? ???

It all comes to timing, and decision. Don't think too much about is Bitcoin for everyone blah, blah, blah. Bitcoin is for everyone, but not everyone wants Bitcoin, or not all has the chance to even accumulate even a small portion of it. Make better decisions on your part. Accumulate Bitcoin again, and instead of asking yourself question like this, make a better strategy, and stick to it no matter what. Don't sell your Bitcoins to solve a problem. Set aside a small portion of your money for that part, and set aside a small portion of your income to be used to buy Bitcoins.

Buying at a low rate, and selling it at a higher rate isn't called lucky, but it's strategy. So you think those expert traders are just lucky if they gain profit with their trades? No they have a strategy that they are following with.


Title: Re: Is Bitcoin for everyone?
Post by: Bd officer on October 22, 2023, 02:53:21 AM
What people save money for, to use that money in times of danger to get out of danger. We invested in Bitcoin and planned the investment for a long term but I don't see anything wrong if at one stage of investing we face a lot of risk and we have to sell our investment to overcome that financial risk. By selling bitcoins you can use it for your needs. When the needs are over, when you have money again you can invest bitcoins again. You may have sold your bitcoins at a loss, but the important thing is that you were able to meet your needs with bitcoins. Don't be disappointed if you sell your bitcoins once at a loss, then invest again for a good time and try to hold for a long time, hoping you can make a profit the second time.
You are right, now I invest in Bitcoin for some future profit. Now if I face financial problems, what should I do if I don't find any solution anywhere? Now I have to sell my bitcoins. Maybe I'm in a situation where I can starve to death, I think it's better to sell bitcoins. Because if it is difficult for me to live now, then what will happen to me with so much profit in the future? However, it does not mean that selling bitcoins cannot be invested later. Of course I can reinvest again. Again I will invest in Bitcoin as per my ability.


Title: Re: Is Bitcoin for everyone?
Post by: CageMabok on October 22, 2023, 03:30:21 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is for everyone who is willing to be patient when holding for more than a week or a month, because apart from the luck factor, it really varies from person to person. Basically, Bitcoin holders must be able to exercise patience when buying at low prices for long-term holding purposes, because if you sell Bitcoin and experience a loss due to wanting to solve your personal problems, it is not appropriate for you to blame Bitcoin for this.

Because everyone definitely has problems, even if it's not the same problem, so you need to be patient when facing your own problems and try not to sell Bitcoin carelessly so that you don't experience losses. The basic concept of holding is holding while waiting for a higher price, not like trading where you bought last week and then sell this week. So it seems you still need to understand the basic concept of holding so you don't blame Bitcoin when you experience a loss.


Title: Re: Is Bitcoin for everyone?
Post by: Lorence.xD on October 22, 2023, 03:46:28 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Of course Bitcoin is open to everyone that is willing to learn and be patient with it since it's complicated for first timers. From your experience, it's part of the process to have mistakes like selling at loss, you need patience, if you buy Bitcoin with a certain price, it's just a matter of timing whether you will sell in your target price. If your are aiming for higher price then you could also do long term but I think it's already considered as investment already. Just imagine this, the people you referring that have bought low price and sell with their set price, why don't you do the same, instead of asking if it's everyone? You don't have to totally copy their style but the methods itself, cause for sure they are just like you an average person making their profit in Bitcoin,


Title: Re: Is Bitcoin for everyone?
Post by: lombok on October 22, 2023, 03:51:29 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is for everyone. The definition is for everyone here, those who want to invest in Bitcoin long term (holding Bitcoin for a long time, up to decades) rather than buying and holding for months, weeks or even days.

And Bitcoin can also be traded by everyone.

If I pay attention to the OP's statement, the OP is disappointed because he experienced a loss when trading Bitcoin. Advice for the OP if he wants to trade. OP can first study and carry out technical and fundamental analysis.


Title: Re: Is Bitcoin for everyone?
Post by: bayu7adi on October 22, 2023, 03:55:21 AM
Bitcoin is open for adoption and use by anyone. However, before making the decision (to adopt or invest in Bitcoin), it's essential to at least understand the potential risks associated with buying Bitcoin. Bitcoin's volatility can be a double-edged sword, offering both opportunities for gains and the potential for losses to its users.

As for those pondering whether Bitcoin's gains are attainable by everyone or exclusive to specific individuals, what I know is that the market fluctuates, moving both upwards and downwards. Prices are subject to fluctuations driven by supply and demand. As for the individuals or groups you may refer to as "whales" or "market manipulators," they remain rather elusive and hidden from plain sight.


Title: Re: Is Bitcoin for everyone?
Post by: Zanab247 on October 22, 2023, 04:00:40 AM
Who told you that people are not winning tangible profits from BTC investment, or do you think people will start spreading their profits on social media to tell you this is what  they made from their BTC investment, what you need to do if you are not earning well from your BTC investment, just check your capital very well to know the next step to take when another bear appear because if you can increase your capital and hold it long, you will surely get Favour from your BTC investment.


If you want to get it right from your BTC investment, just apply long holding, and don't allow any problem to make you release your BTC until massive pump appear and you are convince that if you sell your BTC you will make a nice profits that will help you to improve financially in your environment.


Title: Re: Is Bitcoin for everyone?
Post by: adultcrypto on October 22, 2023, 04:14:02 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
You're overcomplicating things TBH.
You sold your Bitcoin holdings at a loss because you want to solve a problem then you'll think, and ask yourself if Bitcoin is for everyone?  ??? ???
It is actually confusing to me because the question seems not to align with what I aspected the post to cover. I was expecting him to be referring to the use of Bitcoin, if everyone can access and use it for transaction. Unfortunately, he is just saying it from the aspected of investment where his poor decision made him to lose money.

Anyone can use Bitcoin provided they have the knowledge but not everyone will use Bitcoin.



Title: Re: Is Bitcoin for everyone?
Post by: Assface16678 on October 22, 2023, 04:18:19 AM
Everyone can bring bitcoin; everyone can own it; the difference is that not everyone can earn it. Bitcoin is not to be taken lightly. Before you can earn from it, you need to first study about it; it's not just investing and then hoping to earn, not like that. So for the question, yes, bitcoin is for everyone. Everyone has the right to buy and hold bitcoin, but not all can expect to earn from it. I know many people who got hyped by bitcoin and didn't go well as they entered a world where they didn't know anything. and they regret it. Some get their lesson, but some quit bitcoin. The one who learns from it is now making a good profit, which is great, and the quitters have now found a way to earn. I also have come to that phase where I question myself if bitcoin is meant for me, and I'm still wondering right now, but instead of thinking aimlessly, I still continue finding opportunities through bitcoin.


Title: Re: Is Bitcoin for everyone?
Post by: xzy887 on October 22, 2023, 04:18:53 AM
There can be many reasons why you may suffer repeated losses after investing in bitcoin. All of them have some common problems that can be avoided.
1. Always keep your invested money separate from your required money. So that you don't have any problem in real life to hold Bitcoin for a long time.
2. Don't be too excited to invest. Invest by understanding the market conditions. Always try to buy low and sell high.
3. Gradually increase the amount of money you invest. Take care so that you don't have problems in real life.
4. If you are new to investing, take the help of a knowledgeable person.


Title: Re: Is Bitcoin for everyone?
Post by: Suzume on October 22, 2023, 04:38:33 AM
Is Bitcoin for everyone? In my opinion Bitcoin is not made of everyone one and every investor. Beacose we all know that Bitcoin holding is a game if patience. Without patience you can't do any think in Bitcoin. Beacose the mane game of Bitcoin investment is holding. You can see many people invest in Bitcoin and they left the coin short team or make loss in their investment. They don't do proper analysis of the Bitcoin price movement and Bitcoin psychology. That is the main to make profit in Bitcoin. If proper observation of the price actions of Bitcoin and the market psychology of it then you can make a good profits in Bitcoin. But many invest in Bitcoin the have a wrong think thak if I invest in Bitcoin that is profileable for us but that's wrong. They don't do proper analysis they invest in bearish season it brings loss of thame and many don't have that much Patience to hold Bitcoin. That's the reason Bitcoin not made for everyone.


Title: Re: Is Bitcoin for everyone?
Post by: DabsPoorVersion on October 22, 2023, 04:56:23 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
You're overcomplicating things TBH.
You sold your Bitcoin holdings at a loss because you want to solve a problem then you'll think, and ask yourself if Bitcoin is for everyone?  ??? ???
It is actually confusing to me because the question seems not to align with what I aspected the post to cover. I was expecting him to be referring to the use of Bitcoin, if everyone can access and use it for transaction. Unfortunately, he is just saying it from the aspected of investment where his poor decision made him to lose money.

Anyone can use Bitcoin provided they have the knowledge but not everyone will use Bitcoin.


To make it clear, OP refers to the decision-making when holding Bitcoin. OP thinks it's not for everyone due to the volatility and the timeframe of how long it takes to make a profit in Bitcoin. Decision-making is indeed a big factor in avoiding selling at a loss in case you need the money. People should be prepared not only in mind but also financially to avoid this kind of scenario.

Bitcoin is not for everyone, there are things to consider prior to investing. Knowledge is not enough as you also have to look into it and see if Bitcoin is a good fit for investment for them.


Title: Re: Is Bitcoin for everyone?
Post by: Woodie on October 22, 2023, 05:57:12 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour.
You make it sound like Bitcoin is meant for everyone to hodl which is the wrong message to the outside world!!
If you use it solely for investments then it's acceptable to hodl , otherwise you can use Bitcoin simply as a medium of exchange (currency) to have access to goods and services or trying to avoid giving out your personal information if you were to use your bank card.

This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
I honestly don't think it's for everyone, especially if you having total control of it then you need to have about of common sense to protect your coins and need to be in the know when it comes to navigating the cyberworld.. probably the best for Bitcoin are the millenials ::)


Title: Re: Is Bitcoin for everyone?
Post by: rat03gopoh on October 22, 2023, 05:59:54 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
It concludes that you're not prepared for financial possibilities. Especially if you're bad with your own financial management, then hodling up to your sales targets is just a dream. Hodling isn't as simple as you think, investment shouldn't interfere with other parts and vice versa.


Title: Re: Is Bitcoin for everyone?
Post by: Issa56 on October 22, 2023, 06:49:58 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Bitcoin is actually for everyone, maybe you didn't do the right thing before investing in it. There are rules that you should follow before investing. If you are investing in bitcoin, make sure you don't invest all your money in it. If you can do that, you will end up going back to sell the bitcoin you have bought when you are in need of money, and it's likely to be a loss. Make sure you  invest the amount that you won't be using within a short time in bitcoin. Always have emergency fun that you can always fall back to whenever you are in need of money so that you won't end up selling your bitcoin when you are in need of money. One of the mistakes people make is investing all their money in bitcoin. You can just invest a small amount in bitcoin, you don't have to invest a lot, and then you will end up selling it back later.

You're overcomplicating things TBH.
You sold your Bitcoin holdings at a loss because you want to solve a problem then you'll think, and ask yourself if Bitcoin is for everyone?  ??? ???
Some people don't understand how they are supposed to hold their bitcoin, and then at the end they will end up complaining. If you depend on your bitcoin holding, then whenever you are in need of money, you won't have a choice but to sell the bitcoin that you are holding. But when you have money outside of bitcoin, when you need money, you can fall back to it and make use of it, without even thinking about selling bitcoin.

Some people just hear about bitcoin investment, maybe from friends or on social media, and they end up jumping into it, and they don't know the appropriate things that should be done before investing.


Title: Re: Is Bitcoin for everyone?
Post by: KiaKia on October 22, 2023, 06:59:40 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
I was like you in 2016 where I have to sell good numbers of Satoshis for my inevitable needs, there was nothing I could do than to sell for loses and I believe the reason was because I don't have a source of income.

If you have money problem you shouldn't be investing not only in Bitcoin but everything else, stay away from investment until you get a job or some good source of income, investment isn't an investment if you aren't able to hold until you make profits,  as a matter of fact you just throw money away because you sold at a loss.

We are trying to fix problems the wrong way, and it's all about common sense, if you are not financially capable, why get involved in things that will task you for not been financially stable? It's like having no job and getting someone pregnant.

It's not too late as you can still fix this, get a job and start making some money first and use part of your income to invest, this is when you will get peace in mind and you will be able to hold your Bitcoin till the ROI is better for you to take profits.


Title: Re: Is Bitcoin for everyone?
Post by: icalical on October 22, 2023, 07:25:13 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin was originally made for everybody, it is not like a fiat currency that is limited by countries and state border, however not anyone want to learn new things because new technology is risky and not everyone want to take risk. Other than than those reasons, not everyone has access to technology that can support them to own bitcoin like internet and computer, believe it or not in this very digital and modern era, there are some people that still have difficulty to get access to technology.


Title: Re: Is Bitcoin for everyone?
Post by: Out of mind on October 22, 2023, 07:36:27 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
OP, you said bitcoin is for everyone, but I see many people don't trust this bitcoin digital currency. And there are a few people in my area who always see bitcoin as a negative and never a positive, I think it's never bitcoin for them. In that case, if you think Bitcoin is for everyone then I guess you would be wrong, because there are many elders in the society who hold Bitcoin as a scam. So how will Bitcoin be for them Just like Bitcoin is not for everyone, again Bitcoin is open to all who are related to cryptocurrency. But I think bitcoin is the only bitcoin for people who know its pros and cons. We know that Bitcoin is a currency that can provide a security to everyone's currency and provides security to an individual's transactions. So for those people who trade in Bitcoin and Cryptocurrencies, only Bitcoin.


Title: Re: Is Bitcoin for everyone?
Post by: Minecache on October 22, 2023, 08:07:12 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
OP, you said bitcoin is for everyone, but I see many people don't trust this bitcoin digital currency. And there are a few people in my area who always see bitcoin as a negative and never a positive, I think it's never bitcoin for them. In that case, if you think Bitcoin is for everyone then I guess you would be wrong, because there are many elders in the society who hold Bitcoin as a scam. So how will Bitcoin be for them Just like Bitcoin is not for everyone, again Bitcoin is open to all who are related to cryptocurrency. But I think bitcoin is the only bitcoin for people who know its pros and cons. We know that Bitcoin is a currency that can provide a security to everyone's currency and provides security to an individual's transactions. So for those people who trade in Bitcoin and Cryptocurrencies, only Bitcoin.

I think you're the wrong one, there are some people who consider bitcoin a scam or are negative about it, but that doesn't mean it's not for them. Bitcoin is still for them but they are not willing to accept bitcoin. So the problem is with them, not with bitcoin, so it cannot be said that bitcoin is not for them. If one day, they change their opinion about bitcoin, they can also invest in it at any time so it can be said that bitcoin is for everyone.


Title: Re: Is Bitcoin for everyone?
Post by: Dzwaafu11 on October 22, 2023, 08:36:52 AM
There are also people who've got the money to invest but haven't quite wrapped their heads around the whole crypto scene, so it's not their thing either, at least for the moment. What really matters is that the opportunity's out there, and it's just a matter of time for some folks.

Actually, we have people like this who have the funds to invest in bitcoin, but their problem is maybe the mind to take the risk or the time to sit down and learn the key things they use to secure their money after the investment, and others are there who still want to invest, but there are many funds to invest and do the necessary things that involve the industry. So for this reason, I think I will still say bitcoin investment is not for everyone because not all of us are ready to take the risk, while others are willing to participate but the opportunity is not there.

Bitcoin was originally made for everybody, it is not like a fiat currency that is limited by countries and state border, however not anyone want to learn new things because new technology is risky and not everyone want to take risk. Other than than those reasons, not everyone has access to technology that can support them to own bitcoin like internet and computer, believe it or not in this very digital and modern era, there are some people that still have difficulty to get access to technology.

Sure. We still have people who are yet to get acquainted with the technology, and it is not a new thing. There are people out there who do know how to operate Android phones and computers. We know that, but when it comes to learning, even people who know it now were not born with it, which simply means others who don't know it can also learn. If you don't know something, you can learn it, and the reason why we need to learn technology now is simply that everywhere you go, you will see that everything has been computerised. People don't like much stress in doing their daily activities again, so they make everything to be done on the internet.


Title: Re: Is Bitcoin for everyone?
Post by: fuguebtc on October 22, 2023, 08:43:30 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin was originally made for everybody, it is not like a fiat currency that is limited by countries and state border, however not anyone want to learn new things because new technology is risky and not everyone want to take risk. Other than than those reasons, not everyone has access to technology that can support them to own bitcoin like internet and computer, believe it or not in this very digital and modern era, there are some people that still have difficulty to get access to technology.
Bitcoin was created to be a decentralized currency, meaning Satoshi created it with the intention that bitcoin would be available to everyone. But there are some limitations that we are facing: not everyone likes to accept new things, not everyone knows how to use the internet or computer devices, as you said. So it can be said that bitcoin is not for everyone, it is only for those who like privacy and know how to use the internet and smartphones. One more thing, people with disabilities will have difficulty using phones and computers so BTC is not for them.


Title: Re: Is Bitcoin for everyone?
Post by: wallet4bitcoin on October 22, 2023, 09:56:15 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Although, there is no guarantee that everyone on the surface of the planet will get Bitcoin on a 1:1 ratio, it is pertinent to note that Bitcoin is for everyone. Irrespective of when you got to find out about Bitcoin network and the Bitcoin blockchain and its technology, it was designed for everyone, without exceptions.

Systems are fighting it but uncociously making it global and bringing awareness to it alos, while they are fighting it in their court rooms, their judges and listners are going back home with the message of a disruptive technology and financial system. It also avails them the luxury of inclusivity.


Title: Re: Is Bitcoin for everyone?
Post by: Gladitorcomeback on October 22, 2023, 10:18:23 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is for everyone but that doesn't guaranteed that everyone will get profit. Bitcoin price depends upon number of factor. it can fluctuate both up and down both equally in the short time but in the long term price increase chances are high. You should learn about btc before investing. The main topic which should be learn include
1: How btc work
2: Factor impacting btc price
3: what should do when btc dump
4: which money I should use for buying btc
5: How long I should wait to get profit.
6: Best method to buy btc

If you learn these topics, i hope you will not sell in loss. Your main problem is that you have invested money that you need for solving family problems. You should only invest extra money which you won't require in two or three years. If markets downturn you should just watch the market or buy more in low rate.


Title: Re: Is Bitcoin for everyone?
Post by: Kelvinid on October 22, 2023, 11:44:28 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Those who were able to understand the market situation could possibly become successful in Bitcoin investment but if you can analyze the market movement, you will certainly end up losing. I know that not all can understand it, therefore, it is bold enough to say that not all fit into this kind of investment. We can't force ourselves either and if that happen to me, I have no reason also to continue knowing that I can't get it and it was totally bothering me. We have to know when to quit and when to continue - it is all about seeing our capabilities.


Title: Re: Is Bitcoin for everyone?
Post by: zaim7413 on October 22, 2023, 12:31:33 PM
Op, never think anything negative when you are in an unlucky position. You have to think wiser in the situation you are experiencing, economic needs play an important role in the continuation of your investment. No one expects losses in investments, but when times are economically difficult, you have to make bitter decisions in order to prioritize other needs.

Bitcoin never discriminates against who will make a profit and who will be left at a loss. This is the reason it is highly recommended to always invest using cold money or money that is not used for other needs, even if under no circumstances your investment will ever be disturbed.


Title: Re: Is Bitcoin for everyone?
Post by: Miles2006 on October 22, 2023, 01:16:44 PM
Bitcoin is for everyone bro, the fact that each time you hold your coins and you find yourself spending it on random problems shows you're not good at savings. Bitcoin is for everyone so long as you have the knowledge and become part of it but bitcoin investment is not for everyone. I will always say if investing in bitcoin you must be patient because bitcoin investment is not just some random investment you put your money to and the next thing you make your profit "NO" that's a impression.
My dear bitcoin is for everyone, you're not just best at holding your coin.


Title: Re: Is Bitcoin for everyone?
Post by: Dimitri94 on October 22, 2023, 01:24:30 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Honestly I don't think Bitcoin is suitable for everyone. Because there are many people who can buy bitcoins but they are not suitable for long term holding. I can advise him to buy bitcoin only if he has to hold it for a long period of time. There are many people who think that by investing in Bitcoin for a short period of time, they will withdraw their money even if they profit from it, but in reality, does Bitcoin offer any such potential? Of course not because no one can predict when it will be bearish or bullish. But if we analyze the various aspects of the former, we will be able to easily understand that it is a long term investment assets.


Title: Re: Is Bitcoin for everyone?
Post by: Wend on October 22, 2023, 02:07:13 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Honestly I don't think Bitcoin is suitable for everyone. Because there are many people who can buy bitcoins but they are not suitable for long term holding. I can advise him to buy bitcoin only if he has to hold it for a long period of time. There are many people who think that by investing in Bitcoin for a short period of time, they will withdraw their money even if they profit from it, but in reality, does Bitcoin offer any such potential? Of course not because no one can predict when it will be bearish or bullish. But if we analyze the various aspects of the former, we will be able to easily understand that it is a long term investment assets.


Bitcoin is for everyone but not everyone is suitable for it because not everyone has enough money to invest in it or enough patience to hold on until it becomes profitable. But just because we are having difficulty and cannot invest in bitcoin at a time, it cannot be said that bitcoin is not for us but rather that we are not suitable to invest with bitcoin. I think "not for" and "not suitable" are two completely different things. Because if in the future you need to invest, you have enough money to invest in bitcoin, then you can start at any time.


Title: Re: Is Bitcoin for everyone?
Post by: SOKO-DEKE on October 22, 2023, 03:17:45 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

If one does not have solid understanding of how Bitcoin investments operate, it is difficult to turn a profit from it. I think that someone who is properly informed may decide when to buy and when to sell. One will rarely make money from their Bitcoin investment if they don't understand how it operates. With that said, I will state that Bitcoin is suitable for serious users only.

Making money from a bitcoin investment will be difficult for someone who lacks patience, and I think  understanding is a key factor in patience. Therefore, I think that a lot of people simply sell up their Bitcoin assets when they should not because they lack understanding. Consequently, possessing appropriate understanding enables us to hold onto our Bitcoin for an extended duration till our goal is accomplished and to have a strong trust in it.


Title: Re: Is Bitcoin for everyone?
Post by: kryptqnick on October 22, 2023, 04:10:20 PM
Bitcoin is not intentionally exclusive toward anyone, so in this sense, it's for everyone. In practice, however, things can be very different. For example, I have a grandmother who doesn't use the Internet and only uses an old mobile phone to call people (not a smartphone). Of course, Bitcoin isn't for such people, unless they want to learn new technologies and get new devices.
The op is referring to selling at a loss as a personal struggle. If a person is prone to panic selling, Bitcoin (and other cryptos) are probably not very suitable because the price can jump a lot, and patience is required. If selling is done due to circumstances (due to needing the money), then I guess it means a person didn't follow the rule of investing what one can afford to lose.
Bitcoin isn't a scheme, it's not for the selected few, but there's no guarantee it will keep growing, or that over the next from weeks or months a person will see profits. It's a long-term investment, if you view it as an investment. So talking about years and being willing to wait for years is more appropriate.




Title: Re: Is Bitcoin for everyone?
Post by: CoinFoxs on October 22, 2023, 07:15:48 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..


Invest your spare amount in crypto and always buy at dip when market is red and sell at high. If you invested an amount and market drops due to some reason then hold your coins and wait for market to grow, market drops and after some days market again start growing!


Title: Re: Is Bitcoin for everyone?
Post by: bbigtart on October 22, 2023, 07:42:58 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin was created for everyone without exception as long as you understand how bitcoin works and investing in bitcoin as a future asset. What you did was clearly wrong because you were not patient enough to hold bitcoin, so you suffered a loss.

In fact, if you know Bitcoin is for the future, you don't need to bother selling it, you just have to be a little patient to hold it until the target you want is achieved.

There is no buying bitcoin at high prices, all bitcoin prices are cheap right now because we will soon have a bitcoin halving and it is possible that bitcoin will reach ATH again. In conclusion, Bitcoin was created for those who continue to hold it with patience


Title: Re: Is Bitcoin for everyone?
Post by: doomloop on October 22, 2023, 08:26:24 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
You are not supposed to invest money in Bitcoin that you might need in an emergency after some time which will compel you to sell your Bitcoins at a loss. You are supposed to use money that you can spare for as long as the market might take for it to bring you profits, and there is no specific time for that, it can take a week or a couple of years, it all depends on the conditions of the market and market sentiments and what time of the cycle you are entering the market.

Bitcoin is no scheme but it's obviously not for those who don't have money to spend in it and they are using the money that they actually need in their personal life very soon which will obviously not let them have any patience and they will need to sell before the right time and bear losses for doing so.


Title: Re: Is Bitcoin for everyone?
Post by: alastantiger on October 22, 2023, 09:02:19 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Why are you looking at other people? When you decide to invest in bitcoin what made you to do so over stocks, bonds, real estate and other businesses that could give you profit too? Bitcoin is not for everyone and bitcoin is not a scheme for selected individuals. It is an "open-market" you can enter and exit at you will. But you will not make much progress with a mindset of watching others. Do your own research and learn about what bitcoin is and what it is not.


Title: Re: Is Bitcoin for everyone?
Post by: lalabotax on October 22, 2023, 09:25:22 PM
I am asking this because not everyone has made tangible profit for holding. J
Yes, Bitcoin is for everyone. If someone fails to make a profit while investing in Bitcoin, it is not Bitcoin's fault. If you are holding Bitcoin, there should be a target price and time so that we can get profits. However, if you sell it at a low price, it's not only an investment in Bitcoin, it will end in the same way if you don't have good management.

Just like myself I end up selling at a loss most times just to solve a problem.
Therefore, to invest in Bitcoin, always use free money, so you don't need to use it for anything else. but fous to invest it in Bitcoin to meet the bullish era at least. This way, you won't feel tormented when prices fall or rise quickly. However, if you use money for certain purposes, that means there is already a risk.

Apart from that, there are some people who cannot be patient when they see the market drop. even though the real thing is that Bitcoin is like that, volatile. Therefore, we have to be patient while holding, there is no need to panic when the price drops, because it will rise again. Just wait.


Title: Re: Is Bitcoin for everyone?
Post by: Aanuoluwatofunmi on October 22, 2023, 09:53:07 PM
I think I've also thought about it this way that if bitcoin wasn't for everyone then maybe it wouldn't have been decentralized as we have it already, if one take time to research well on the core mandate of Satoshi Nakamoto, he has always considered the people in financial economy on how they can have their individual control over their funds, this was why when he introduced bitcoin, everyone were eager to accept it because they realized it was intended for them.


Title: Re: Is Bitcoin for everyone?
Post by: Popkon6 on October 22, 2023, 11:33:57 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..


Bitcoin is open to anyone who can invest. But yes understand investing must have right timing and patience and risk taking ability. A person who has the ability to accept risk must never sell at a loss. Because the price of Bitcoin is always up and down, investing should be done when the price of Bitcoin is down. If you invest in Bitcoin price at the right time you will definitely not face losses. Now is the perfect time to invest.

You can get some idea about investment from here.
https://bitcointalk.org/index.php?topic=5376945.msg58719584#msg58719584


Title: Re: Is Bitcoin for everyone?
Post by: SquirrelJulietGarden on October 23, 2023, 02:05:32 AM
Bitcoin is open to anyone who can invest. But yes understand investing must have right timing and patience and risk taking ability.
If you have good mindset for investment and good strategy like Dollar Cost Averaging, you will not have to time a market to find a right time, right price to invest.

DCA is a key for your successful investment and it will also help you to reduce time spent for investment, eliminate stress for you.
https://dcabtc.com/

Quote
A person who has the ability to accept risk must never sell at a loss. Because the price of Bitcoin is always up and down, investing should be done when the price of Bitcoin is down. If you invest in Bitcoin price at the right time you will definitely not face losses. Now is the perfect time to invest.
Investment is a puzzle between risk, profit and capital investment so you have to balance them all together. Because if you don't take risk, you will not take opportunities that can help you to gain profit. Although taking risk is a condition, you must know what is acceptable risk and how to minimize risk for your investment. Because investment is to get profit but more important, you have to protect your initial capital.

If you don't want to sell bitcoin at loss, you have to reserve cash to use and don't face with situation when you have to sell your coins to have cash. If you are in that situation, you will have to sell at loss.


Title: Re: Is Bitcoin for everyone?
Post by: bayu7adi on October 23, 2023, 02:26:31 AM
Invest your spare amount in crypto and always buy at dip when market is red and sell at high. If you invested an amount and market drops due to some reason then hold your coins and wait for market to grow, market drops and after some days market again start growing!
This isn't about counting days; it stretches well beyond that. It's even a matter of counting years for those seeking maximum profits. Bitcoin's price history attests that each year witnesses an increase in its value, but on a daily basis, Bitcoin can be extremely volatile. Furthermore, "buying the dip" isn't as simple as it sounds, as we can't foresee where the chart will go in the coming days.

If DCA can be combined with "buy the dip," perhaps that's a better strategy. Purchasing Bitcoin every week, every two weeks, or every month while waiting for price dips in shorter intervals seems more sensible to me. With "buy the dip," you need a stash of cash that remains untouched and cannot be used for day-to-day expenses. Instead of watching your investment allocation erode due to living expenses, regular DCA appears to be a wiser choice.


Title: Re: Is Bitcoin for everyone?
Post by: uchegod-21 on October 27, 2023, 09:18:44 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

There is no restriction on who should or should not use Bitcoin, It is for everyone. But investing in Bitcoin is not a do or die affair. If you do not have the necessary skills, patience and of course self control,  then you need to go for other investments.

Why divert investment money for personal use? You will not go far generally in business or any form of investment if you continue to use money meant for investment to "solve personal problems ". Invest what you can afford to lose and have other source(s) of income to sort out personal needs for the meantime. Relying on investment money will cost you the whole investment as you might likely lose the investment.  You need to top up your game.



Title: Re: Is Bitcoin for everyone?
Post by: mirakal on October 27, 2023, 09:37:13 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
This thread has been asked a lot of times but it seems people are still confused if trading is really for everyone. Yes, it's certainly is. But since trading is not easy and should be learned the hard way, then a lot of aspiring traders have develop doubts if they will pursue trading or not knowing the capital requires a decent amount and yet you are just going to lose it in the end.

This is why trading is not for faint hearted individuals. Traders should be brave enough not to fear the losses in trading, as it could be their best motivation to do more good in trading and do more accurate market analysis so they will know how to time the trading market.


Title: Re: Is Bitcoin for everyone?
Post by: Raflesia on October 27, 2023, 09:46:46 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
This thread has been asked a lot of times but it seems people are still confused if trading is really for everyone. Yes, it's certainly is. But since trading is not easy and should be learned the hard way, then a lot of aspiring traders have develop doubts if they will pursue trading or not knowing the capital requires a decent amount and yet you are just going to lose it in the end.

This is why trading is not for faint hearted individuals. Traders should be brave enough not to fear the losses in trading, as it could be their best motivation to do more good in trading and do more accurate market analysis so they will know how to time the trading market.
In the end, whether it's trading or investing, it can be done by everyone but apart from that, in my opinion, to be specific, it will only be directed to people who are serious about it.
Regardless of what is chosen whether it is trading or investing everything is the same because basically this requires learning and perseverance to do so. both are not wrong only of course we must be aware that we must have goals and considerations whether we want to be in investment or trading.
Because in the end we also have to choose according to our own qualifications because those who have a trader mentality with greater risk are not suitable to be in investment and vice versa.


Title: Re: Is Bitcoin for everyone?
Post by: Dr.Bitcoin_Strange on October 27, 2023, 10:04:13 PM

OP, you said bitcoin is for everyone, but I see many people don't trust this bitcoin digital currency. And there are a few people in my area who always see bitcoin as a negative and never a positive,

It's not your business how anybody wants to see Bitcoin or whatever, but you can also correct them if they are misunderstanding the whole thing but are ready to learn what you want to teach them about the Bitcoin technology. Some people are just hating Bitcoin ignorantly because they have not even taken the time to learn about the technology. Maybe because their friend got scammed through cryptocurrency, they now believe that Bitcoin is a scam when it's not. People with misconceptions about Bitcoin can become adopters of it tomorrow. Change is a constant thing, and one's idea can just be changed over night with what they have learned. So, the general statement that Bitcoin is for everyone is true because, indeed, Bitcoin is for everyone. Haters of Bitcoin today can become lovers of Bitcoin tomorrow. There was a guy who had been hating Bitcoin for a long time, but during the last bull market, he experienced how some of his friends cashed out a huge amount in Bitcoin and were convinced to invest. Some people were convinced to even start investing in cryptocurrency after the heavy pump of Dogecoin and Shibainu. So, mate, Bitcoin is for everyone. If you accept Bitcoin, it's for you; if you don't accept Bitcoin, it's never against you, which means it's still for you until you make up your mind to adopt it.


Title: Re: Is Bitcoin for everyone?
Post by: gunhell16 on October 27, 2023, 10:16:32 PM
Bitcoin is open to anyone who can invest. But yes understand investing must have right timing and patience and risk taking ability.
If you have good mindset for investment and good strategy like Dollar Cost Averaging, you will not have to time a market to find a right time, right price to invest.

DCA is a key for your successful investment and it will also help you to reduce time spent for investment, eliminate stress for you.
https://dcabtc.com/

Quote
A person who has the ability to accept risk must never sell at a loss. Because the price of Bitcoin is always up and down, investing should be done when the price of Bitcoin is down. If you invest in Bitcoin price at the right time you will definitely not face losses. Now is the perfect time to invest.
Investment is a puzzle between risk, profit and capital investment so you have to balance them all together. Because if you don't take risk, you will not take opportunities that can help you to gain profit. Although taking risk is a condition, you must know what is acceptable risk and how to minimize risk for your investment. Because investment is to get profit but more important, you have to protect your initial capital.

If you don't want to sell bitcoin at loss, you have to reserve cash to use and don't face with situation when you have to sell your coins to have cash. If you are in that situation, you will have to sell at loss.

It is true that Bitcoin is for everyone, but not everyone likes Bitcoin. Because that's the majority of everyone, they don't think Bitcoin is good. To be specific, Bitcoin is only for everyone who believes in what it can do in our lives in terms of finances.

that is the true and reality purpose of Bitcoin. And the truth is that the majority of people around the world will be negative about Bitcoin even though they see proof that it has potential if we believe it.


Title: Re: Is Bitcoin for everyone?
Post by: _BlackStar on October 27, 2023, 10:25:12 PM
I am asking this because not everyone has made tangible profit for holding.
I'm not sure - because I'm a holder who made worth it profits so far.
You and others will gain profit in the long term if you never sell - meaning hold, don't sell.

Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
You are clearly wrong - when you are the holder, you should not be affected by volatility that makes you sell at a loss. You just need to be patient and hold with it for the long term - that's how holders earn decent returns over the years.


Title: Re: Is Bitcoin for everyone?
Post by: oktana on October 27, 2023, 11:43:01 PM
Posts like this remind me how much we forget the core reason Bitcoin was designed for. Making profits from it just came along the way. Bitcoin is for everyone as there are no restrictions on who can use it (except what some governments are doing). The good luck (profit) that comes with owning it is also for everyone, however, not everyone will be able to benefit as there will be some people who strictly use it as a currency and do not hoard it enough to see any gains. Don't get too attached to the profit or you may end up wrongly hating on Bitcoin.


Title: Re: Is Bitcoin for everyone?
Post by: Ale88 on October 27, 2023, 11:48:59 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
First of all you are mixing bitcoin used as payment tool and bitcoin used for trading purposes, they are two very different things. There is no scheme for selected individuals, if you bought bitcoin and decided to sell at loss because you wanted to solve a problem you should understand that you are the problem, not bitcoin. You could have simply decided to hold and you would have no problem at all.


Title: Re: Is Bitcoin for everyone?
Post by: komisariatku on October 28, 2023, 01:01:06 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin belongs to everyone. Anyone can buy bitcoins, store bitcoins, trade bitcoins and sell bitcoins. Bitcoin can be used for good purposes and bad purposes. Bitcoin is true freedom

Regarding losses in bitcoin trading, this is normal. Therefore, bitcoin is considered a high-risk investment. Often we are forced to sell bitcoin even though the price is cheap because of urgent needs. For me, this is the factor that I do most often and what makes me lose. But it's not a problem because bitcoin always has value, unlike altcoins whose price can run out without a trace


Title: Re: Is Bitcoin for everyone?
Post by: Youngkhngdiddy on October 28, 2023, 03:41:07 AM
Bitcoin is not for everyone to invest in and make profit, but bitcoin is for everyone to use as currency for payment of goods and services. Some people lack the ability to hold bitcoin for investment and make profit from it, and no matter how much people are advised how to invest in bitcoins and make profit, they will always make mistakes, respond to emotions and pressure and will not find making profit from bitcoins easy. So truly, bitcoin is not for everyone to invest and make profit, not for everyone to trade, not for everyone to mine, but can be for everyone to use as currency.
 Just like every other investment options there is what we call profit and loss in business, a person who is investing in Bitcoin should be ready to face whatever risk that comes with it, this is why it’s is important to have bright knowledge about what you’re venturing into so that you will know how to deal with whatever challenges that may come, the reason why you feel that some people have the inability to hold bitcoin is them not getting proper enlightenment and information about the do’s and don’t of the market. There’s is more to know than just buying bitcoin and holding. Which is important to do your own research, there are lot to learn and you know we learn everyday. Another thing is lack of patience and discipline, some people even have the mentality of seeing Bitcoin as a get rich quick scheme which is the exact opposite.  Bitcoin requires patience, good capital, discipline and lastly authentic information to be able to survive the market.
  Due to the fast growing economy we are seeing the world is  venting into new technologies, bitcoin is also one of those new technologies in the financial sector that will be main stream if accepted, people now pay bills with bitcoin to hotels, mall and, transactions keeps going through in the platform . It can also serve as a way of saving in dollars than in our naira that is crumbling. Let’s be guided that anyone can invest in Bitcoin if they take it as important by going to increase their knowledge about crypto and how to analyze the market. Thank the stars for platform like YouTube where you can coach yourself on the basic principles of trading, you can coach yourself to become a pro trader. No pro trader started from the top, they all started with the basic, they got the idea and further went to broaden their knowledge about bitcoin/crypto. So yeah anyone can be a pro with just commitment, and dedication to the skill it’s can be achieved.


Title: Re: Is Bitcoin for everyone?
Post by: Strongkored on October 28, 2023, 03:57:25 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
It seems that you are involved in trading and if trading brings you losses, it is better to change it into an investment that saves it for the long term, because in my opinion this method is more profitable because Bitcoin over a long period of time tends to rise, especially when it starts to end the bearish period because it is time its good to start accumulating and selling them when the price starts to rise, and Bitcoin is for everyone either as a means of payment that can be used or as an investment tool that provides profits if held longer.


Title: Re: Is Bitcoin for everyone?
Post by: Negotiation on October 28, 2023, 04:11:36 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
There is no option to sell at loss for long term investment if you wait patiently it will give good returns. As you say buy low and sell at a loss these generally apply to trading if you invest you should buy and hold at a low price there is no need to sell until the price rises. Bitcoin is a good investment for every investor and don't be disappointed if the price goes in favor. Even if the price of this currency goes down it will rise again just wait it's easy to get lucky for long term holdings.


Title: Re: Is Bitcoin for everyone?
Post by: boty on October 28, 2023, 04:27:44 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
To be able to make a profit from holding Bitcoin I don't think it's enough if we hold it for only a few months, it takes a long time to be able to make a profit from holding Bitcoin and for those who happen to be able to make a profit from a few months I think when they buy it at the right time right and of course they can analyze the market conditions well so they know when is the right time to buy it.


It seems that you are involved in trading and if trading brings you losses, it is better to change it into an investment that saves it for the long term, because in my opinion this method is more profitable because Bitcoin over a long period of time tends to rise, especially when it starts to end the bearish period because it is time its good to start accumulating and selling them when the price starts to rise, and Bitcoin is for everyone either as a means of payment that can be used or as an investment tool that provides profits if held longer.
Choosing to invest in Bitcoin is indeed very good if we can buy and hold it for a long period of time and also we buy it consistently so we can make a profit from holding Bitcoin. You are right that Bitcoin will suit everyone who wants to invest or trade. We can benefit from both of these things, but we need to understand it well before doing so so as not to experience losses from what we do.


Title: Re: Is Bitcoin for everyone?
Post by: legendbtc on October 28, 2023, 05:14:08 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
It seems that you are involved in trading and if trading brings you losses, it is better to change it into an investment that saves it for the long term, because in my opinion this method is more profitable because Bitcoin over a long period of time tends to rise, especially when it starts to end the bearish period because it is time its good to start accumulating and selling them when the price starts to rise, and Bitcoin is for everyone either as a means of payment that can be used or as an investment tool that provides profits if held longer.

Even if he holds and loses, that doesn't mean bitcoin isn't for him. Just like in life, when we encounter problems that cannot be solved, do we say that this life is not ours? Bitcoin is just a tool for us to take advantage of to make money and whether we make money or not is completely up to us. Because we invested greedily, without a specific plan, and lost money, we blame bitcoin and say it's not for us. But if we look closely, is it our fault or bitcoin's fault? When we fail, don't try to blame anyone or bitcoin, but ask if we did right or wrong? Why can many people do it and we can't, where did we go wrong?


Title: Re: Is Bitcoin for everyone?
Post by: johnsaributua on October 28, 2023, 06:01:49 AM
  Profit can also be by trading either in several instruments such as spot, futures or by arbitrage scalping method to some top markets, you can see the rating and high trading volume, hodl is not a method means the name is saving that I observed can not peg how much profit and when the date will be bullish especially buy yourself without seeing news or trends, and without strategy and analysis, hodl is a long-term art by joining the whale ship when taking profit, if interested.

  I think selling losses if not too deep it can still be overcome when later buying again when the correction is right, not false, the obstacle that I feel sometimes goes down again through the nearest bottom, meaning deeper, if it is already deep, it will return in the future, so I always budget cold money for trading even though the spot if the analysis is wrong I am optimistic that it will recover even though I have to wait patiently because it is not money that is in a hurry, or altcoin gifts for trading will be more relaxed.

  For example, buy bitcoin now at a price that some people think is pale or there is no movement but there will be people who say so when the price goes up more even just a matter of hundreds or even thousands of dollars, so that's what happened when the price of bitcoin used to be cheap many people did not believe in the potential and prices that would occur in the future.

  The difference is now people already know the history of bitcoin but still hope to continue to go down to buy it will make regret when later returning ATH, if you believe in bitcoin, of course the future increase from the past will be repeatedt, event more spectacular.

  My principle of bitcoin is freedom and all have the right to ownership in various ways, as long as they want to.


Title: Re: Is Bitcoin for everyone?
Post by: m2017 on October 28, 2023, 06:52:37 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
To a certain extent, bitcoin is indeed not for everyone and for everyone at the same time. No matter how paradoxical it may sound. Anyone can become this “chosen one” if they want and join the ranks of bitcoin owners. When I say it's not for everyone, I mean people without certain qualities. Such as patience, the ability to learn independently, build your own line of defense for your crypto wallet and your savings, the ability to plan and build a strategy for behavior during various cryptomarket fluctuations. This is only part. Anyone can own and use a bitcoin, but to make money from this, as in any other business, you need to have the necessary skills. Why are you selling at a loss? This is a clear sign that you have made a mistake in your investment planning. Buying at a low price is not luck, but knowledge of cryptomarket cycles, general awareness of the bitcoin and the ability to build an investment strategy. Did you want to make easy and quick money on the bitcoin? This means that bitcoin is not for everyone. If you wanted to get electronic money that would allow you to send it cheaply and quickly anywhere in the world without censorship or regulation, as well as without intermediaries, then bitcoin was for everyone.


Title: Re: Is Bitcoin for everyone?
Post by: Assface16678 on October 28, 2023, 07:45:56 AM
No, not fof even bitcoin investment as holding or such, or bitcoin trading, this kind of stuff is not for everyone especially for those who don't have enough knowledge and strong emotion. Especially for trading, anyone could hold bitcoin, but in trade, yes they can trade but don't have a guarantee if they will hit a profit. What I mean about not for anyone is anyone who don't have a patience and dedication to learn before they engage in trading or investing on bitcoin, that's why there's a lot of people who bas mouth bitcoin as a scam because they are the ones that failed to earn through it and gave up to learn just because they lose money on their first try which is not good, just because they failed because of their own doing they will bad mouth and discriminate bitcoin, which is for us bitcoin is a big opportunity to earn.


Title: Re: Is Bitcoin for everyone?
Post by: Cryptmuster on October 28, 2023, 08:21:50 AM
It seems that you are involved in trading and if trading brings you losses, it is better to change it into an investment that saves it for the long term, because in my opinion this method is more profitable because Bitcoin over a long period of time tends to rise, especially when it starts to end the bearish period because it is time its good to start accumulating and selling them when the price starts to rise, and Bitcoin is for everyone either as a means of payment that can be used or as an investment tool that provides profits if held longer.

Hold also requires the right actions, not all holders are able to make a profit, but it is still easier than trading. Investing also implies that you will have to sell Bitcoin at a better price, because to reach its ATH Bitcoin only needs to do x2, and we hope that it can grow even more, but we don’t know for sure. And if the exact entry was chosen late and the sale was also chosen incorrectly, then the profit from such an investment may be very small.


Title: Re: Is Bitcoin for everyone?
Post by: Lorence.xD on October 28, 2023, 08:32:53 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
It seems that you are involved in trading and if trading brings you losses, it is better to change it into an investment that saves it for the long term, because in my opinion this method is more profitable because Bitcoin over a long period of time tends to rise, especially when it starts to end the bearish period because it is time its good to start accumulating and selling them when the price starts to rise, and Bitcoin is for everyone either as a means of payment that can be used or as an investment tool that provides profits if held longer.

Even if he holds and loses, that doesn't mean bitcoin isn't for him. Just like in life, when we encounter problems that cannot be solved, do we say that this life is not ours? Bitcoin is just a tool for us to take advantage of to make money and whether we make money or not is completely up to us. Because we invested greedily, without a specific plan, and lost money, we blame bitcoin and say it's not for us. But if we look closely, is it our fault or bitcoin's fault? When we fail, don't try to blame anyone or bitcoin, but ask if we did right or wrong? Why can many people do it and we can't, where did we go wrong?

We know to ourselves that a certain thing that we do is really for us, for example we really like biking but get tired easily by just a short travel. My point is, doing something that you like and love is literally a different thing. Which is the same thing in investing in crypto or to Bitcoin, you could realize if doing trading doesn't really for you as you prefer securing your money in long term than profit in just a short term. Now that if even for a long term investment doesn't suit for your preferability, for sure you know that Bitcoin doesn't for you, of course we know that Bitcoin is just a tool that could help many people by takign advantage of it's volatility but personally you would know if its for you, cause there's a lot of options out there that you could use as money sources.


Title: Re: Is Bitcoin for everyone?
Post by: blckhawk on October 28, 2023, 09:09:54 AM
You're kind of asking the same as the people that are asking God why only bad things happen to them, to me that's what it looks like. If it is the same thing as that then OP, I have to tell you that God works in mysterious ways.
There is no restriction on who should or should not use Bitcoin, It is for everyone. But investing in Bitcoin is not a do or die affair. If you do not have the necessary skills, patience and of course self control,  then you need to go for other investments.
I think OP is asking why he/she deserves to not get a profit but others are nonchalantly getting a profit even though they didn't try as hard as OP and so OP ends up feeling like bitcoin isn't for him/her because of the losses. You're right about having the necessary skills though, if OP doesn't have that then there's a big chance that OP is going to be experiencing losses but if only he/she did take the long-term route which is just hodling, things would've worked out different for OP.


Title: Re: Is Bitcoin for everyone?
Post by: Marvell1 on October 28, 2023, 09:32:07 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
It seems that you are involved in trading and if trading brings you losses, it is better to change it into an investment that saves it for the long term, because in my opinion this method is more profitable because Bitcoin over a long period of time tends to rise, especially when it starts to end the bearish period because it is time its good to start accumulating and selling them when the price starts to rise, and Bitcoin is for everyone either as a means of payment that can be used or as an investment tool that provides profits if held longer.

Even if he holds and loses, that doesn't mean bitcoin isn't for him. Just like in life, when we encounter problems that cannot be solved, do we say that this life is not ours? Bitcoin is just a tool for us to take advantage of to make money and whether we make money or not is completely up to us. Because we invested greedily, without a specific plan, and lost money, we blame bitcoin and say it's not for us. But if we look closely, is it our fault or bitcoin's fault? When we fail, don't try to blame anyone or bitcoin, but ask if we did right or wrong? Why can many people do it and we can't, where did we go wrong?

We know to ourselves that a certain thing that we do is really for us, for example we really like biking but get tired easily by just a short travel. My point is, doing something that you like and love is literally a different thing. Which is the same thing in investing in crypto or to Bitcoin, you could realize if doing trading doesn't really for you as you prefer securing your money in long term than profit in just a short term. Now that if even for a long term investment doesn't suit for your preferability, for sure you know that Bitcoin doesn't for you, of course we know that Bitcoin is just a tool that could help many people by takign advantage of it's volatility but personally you would know if its for you, cause there's a lot of options out there that you could use as money sources.

I think bitcoin for everyone. Look at it from this perspective, anyone who wants to invest, they have the opportunity to do so. Unlike other assets such as real estate, investing in real estate requires a lot of money and only rich people can do it. Poor people have never had the opportunity to invest in real estate.

For someone or anyone who feels that they are not comfortable investing in bitcoin, it does not mean that bitcoin is not for them but that they do not feel suitable for it. But if one day they have the need and change their mind about wanting to invest in bitcoin, they can start with it at any time. So I think, the concept of bitcoin not being for them and the fact that they are not ready to accept bitcoin are two completely different things.


Title: Re: Is Bitcoin for everyone?
Post by: Mate2237 on October 28, 2023, 09:59:16 AM
You bought bitcoin and sold it out to solve problem and you are asking if bitcoin is for everyone. Your story is different from the topic I don't know if I am the only person that see or think it from that way. Moreover this topic has been in the discussion in the forum for some times now so it would have been a comment on another thread. Like if I will discuss base on your topic it should be something related to this. You have seen people are interested to bitcoin but lack the knowledge or there is no money to join and other ignorant factors that affecting them so indirectly those people have been edge out from the technology. And also the illiterates market women. These are some of the factors in the topic.

Those who have the knowledge and come to join the technology is already part and parcel of it. And you that is already in the system is still asking if bitcoin is for everyone. Op, yes bitcoin is for everyone but not everyone can use it because knowledge.


Title: Re: Is Bitcoin for everyone?
Post by: lizarder on October 28, 2023, 11:44:05 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem.
There seems to be something wrong with the way you understand holding and it should not lead you to losses when holding is executed correctly. One thing that I think makes you lose and that is influenced by downward price pressure which makes you panic and sell. That doesn't solve the problem but you create your own problems because you don't try to wait for the price increase in the next period and if you understand the bitcoin cycle then that doesn't need to happen.

Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals.
It is closer to short-term trading and market analysis skills are needed if you take such positions. Otherwise price fluctuations can take you to the same stage of loss and that is why understand investment first before taking a chance in it. Bitcoin is for everyone but not everyone understands how to invest and trade properly and that is why some people experience unnecessary losses.


Title: Re: Is Bitcoin for everyone?
Post by: Gaza13 on October 28, 2023, 11:44:37 AM
In the world of stock or crypto investment, not only big money owners can have it, small people can also have it, investment covers all levels of human beings. Yes, before entering the world of investment, you should first recognize that prices are very volatile, Apart from that, when you enter the world of investment, you have to separate your opinion between daily needs and emergency funds so that your needs are not disturbed. People who are lucky to get big profits are people who are patient in investing.

Just like myself I end up selling at a loss most times just to solve a problem
It would be better for you to separate at the beginning how to meet your needs every day, are you afraid of losing a large amount of your money, that's why you cut losses, you need to remember that when investing, getting rich in a short time will never happen.


Title: Re: Is Bitcoin for everyone?
Post by: Bitcoinpoly on October 29, 2023, 05:29:32 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Basically Bitcoin and crypto currency in general is for everyone. Though this is where the knowledge of the volatile market come to play. You must understand the volatility of the market before you can know the best time to buy and when not to buy. Although there are some functions like the Smart portfolio bot on Bitget that helps to rebalance your crypto holdings and ensuring a constant proportion for your assets.


Title: Re: Is Bitcoin for everyone?
Post by: Negotiation on October 29, 2023, 07:59:16 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Basically Bitcoin and crypto currency in general is for everyone. Though this is where the knowledge of the volatile market come to play. You must understand the volatility of the market before you can know the best time to buy and when not to buy. Although there are some functions like the Smart portfolio bot on Bitget that helps to rebalance your crypto holdings and ensuring a constant proportion for your assets.
In fact the crypto market does not stay in one place and always goes up and down so it becomes difficult to understand the positions of the market at times. Therefore before investing in bitcoin one must have good knowledge and skills about the market. Anyone can invest in bitcoin if they have enough proof money it is true that there are risks involved in investing in cryptocurrencies. But if one can invest at least once with risk then crypto can play a special role in profit as well. Every investor moves with risk and cryptocurrency has the highest demand among investors.


Title: Re: Is Bitcoin for everyone?
Post by: Blitzboy on October 29, 2023, 08:27:01 AM
You bought bitcoin and sold it out to solve problem and you are asking if bitcoin is for everyone. Your story is different from the topic I don't know if I am the only person that see or think it from that way. Moreover this topic has been in the discussion in the forum for some times now so it would have been a comment on another thread. Like if I will discuss base on your topic it should be something related to this. You have seen people are interested to bitcoin but lack the knowledge or there is no money to join and other ignorant factors that affecting them so indirectly those people have been edge out from the technology. And also the illiterates market women. These are some of the factors in the topic.

Those who have the knowledge and come to join the technology is already part and parcel of it. And you that is already in the system is still asking if bitcoin is for everyone. Op, yes bitcoin is for everyone but not everyone can use it because knowledge.
Your reply brings up an important point for discussion: the difference between how Bitcoin could be used and how it is actually used. Today, information is easy to find, but wisdom, or real understanding, is harder to find. Bitcoin is no different. There are problems with it, even though it has the ability to be a universal currency. Not only are these barriers physical, but they are also thoughts-based.

Okay, so people do talk about Bitcoin. They argue about its pros and cons. But how many people really get it? Just how many people know the difference between a wallet and an exchange? What about Bitcoin and blockchain? Its not enough to just have Bitcoin; you need to understand it, respect its power, and use its promise in a smart way. Your point about how information can separate people is very important. Bitcoin might be good for everyone in the long run, but in the here and now? For those who really take the time to understand


Title: Re: Is Bitcoin for everyone?
Post by: Septex on October 29, 2023, 03:09:01 PM
Bitcoin is not for everyone I think. Because there are a lot of people who have enough money that if they lose for some reason they won't have much of a financial impact but if I think overall there are a lot of people who don't have enough money to come to Bitcoin and I think they could have a financial crisis. But even if Bitcoin is not universally for everyone now, I think that Bitcoin will be universal at some point in the future. As the current world slowly moves towards electronic money, Bitcoin will be at the forefront. Bitcoin's transactions will be much easier at one time, making Bitcoin more likely to be universal later on. But gradually when people get the right information about this and can have proper understanding about it then it will be possible for everyone.


Title: Re: Is Bitcoin for everyone?
Post by: danadc on October 29, 2023, 06:39:31 PM
I do think that Bitcoin is for everyone because anyone can buy a fraction of bitcoin, what is very different if you want to go to Wall Street and buy, it is different, and there are stockbrokers and what they are interested in is selling and selling so that earn their commissions, that for me is not for everyone, apart from the fact that they must comply with other regulations that I do not know, it is more complicated, that means that it is not for everyone, but those who want to buy bitoin and do not know, there are places that They sell the fractions of Bitcoin for cards and they can keep it there, until the moment they learn so that they can buy it on an exchange and put it in their own wallet, which is only recommended.


Title: Re: Is Bitcoin for everyone?
Post by: GigaBit on October 29, 2023, 07:03:10 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
A point we often cite when it comes to holding Bitcoin is that an investor should accumulate as much Bitcoin as they can hold in the long term. If I buy bitcoin for a long period of time and sell it on the middle age according to the destination, I will be responsible for it. And those who do this are more likely to lose. Some investors have financial problems and many try to buy at the time they spend bitcoins to meet their needs. So in the case of Bitcoin, any assets should be spent that is stable for a long time so that the investor does not suffer any loss.

Many of us think we will buy from the dip in Bitcoin but is it always possible to get the dip? Of course not. When the price of Bitcoin fell below $26k many investors thought that Bitcoin might come back below 25k but it didn't and now it is near 35k. Those who were waiting to buy 25K may not get that chance now. Bitcoin is for everyone but some can implement it and many can't.


Title: Re: Is Bitcoin for everyone?
Post by: flyingcarpet on October 29, 2023, 07:12:12 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

Bitcoin is an investment tool. Anyone who wants to make this investment can do it. There is no specific limit. Once you learn what you need to invest, you can buy and sell at any price you want. Bitcoin does not give priority to some people.

If what you are talking about is at what point you should buy and always make a profit, there is no specific answer. The market is open to everyone and sometimes there can be speculation. After watching the market for a certain period of time, you can make your own decision and invest.


Title: Re: Is Bitcoin for everyone?
Post by: Crypto Library on October 29, 2023, 07:34:08 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Looking at your topic title and your post to answer your question, I would say that no Bitcoin is not for everyone, especially not for those people who have no patience and can't control their emotions. It is true that not everyone earns profits by investing in Bitcoin but you also have to accept that Bitcoin is not the same as investing in other cryptocurrencies as a trader has to face. In this case, it can be seen that those who do short-term trading or altcoin trading are facing losses most of the time.
The people you're talking about who didn't actually make a profit in long term holding either made a mistake somewhere in their strategy, or else they couldn't control their emotions and suffered losses due to FOMO. . Moreover, if one manages DCA in long term, if one invests his lazy fund, I don't think he will have to face loss in future, one thing to remember is to create funds separately for use in an emergency so as not to touch the fund of long term holding in an emergency situation. Moreover, if your suggestion is short term trading or mid term trading, then here you have to have knowledge about technical analysis, otherwise you will see that the possibility of facing loss here is highest.



Title: Re: Is Bitcoin for everyone?
Post by: Mame89 on October 29, 2023, 07:36:05 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem.

Bitcoin was created for everyone and has the same opportunity to profit. This is where you make the mistake of selling bitcoin at a cheap price, there is no loss if he continues to hold it until his desired target is achieved. Therefore, you need to increase your literacy about bitcoin, the history of bitcoin, so that you don't panic when the price drops and don't rush to sell it.

Quote
Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

All current bitcoin prices are cheap prices, you will be luckier if you buy now because the halving cycle will be getting closer, before bitcoin reaches a new ATH the price of bitcoin can be said to be low for now. So there is no bitcoin that is only intended for certain people, bitcoin is intended for all groups. Hope you understand what I mean.


Title: Re: Is Bitcoin for everyone?
Post by: Franctoshi on October 29, 2023, 07:40:58 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within a few weeks or months, the price just pumps in their favor. This kept me wondering if Bitcoin is actually for everyone or if it is a scheme for selected individuals.
Op, I think you haven't understood Bitcoin and you need to learn and understand how things work with Bitcoin, Bitcoin is not a get-rich-quick business where you will buy Bitcoin today and expect the price to rise tomorrow, and you sell, like you said some people might be lucky to invest today and have the price increase within a short period, but the reality with bitcoin is that, it is a long-term thing, Bitcoin has Bull and bear cycle, so your chances of profiting depends on the time of your investment, (bull or bear market).




Title: Re: Is Bitcoin for everyone?
Post by: ChiBitCTy on October 29, 2023, 08:07:00 PM
You are equating Bitcoin to solely being used as an invent, not even mentioning the true use case for bitcoin, why it was created by Satoshi Nakamoto, what issues it solved (double spending), the move form corrupt fiat money to a decentralized electronic transactions and payments. 

Bitcoin was designed to be an investment. I feel it’s a shame so many here fail to understand that.


Title: Re: Is Bitcoin for everyone?
Post by: nurilham on October 29, 2023, 08:50:52 PM
I think bitcoin for everyone. Look at it from this perspective, anyone who wants to invest, they have the opportunity to do so. Unlike other assets such as real estate, investing in real estate requires a lot of money and only rich people can do it. Poor people have never had the opportunity to invest in real estate.
Sure, everyone actually has the same opportunity to invest in Bitcoin. It doesn't require a lot of money, we can invest in Bitcoin at any amount of money. We even can invest in Bitcoin for $50 only. However, to get a big profit, it should be bigger number of Bitcoin. It means we must use bigger amount of money if we expect big profits. We can increase the number of our Bitcoin gradually.

Sure, it is very different with other assets. For example if we want to invest in gold, real estate, or land. To invest in these assets, it requires a lot of money, it is because they are quite expensive.

For someone or anyone who feels that they are not comfortable investing in bitcoin, it does not mean that bitcoin is not for them but that they do not feel suitable for it. But if one day they have the need and change their mind about wanting to invest in bitcoin, they can start with it at any time.
Yes, people who don't want to invest in Bitcoin mostly because they don't like high volatility. But the volatility actually becomes the advantage, it makes Bitcoin to increase significantly, more than other assets. If those people understand how to deal with the risks, they must have the intention to invest in Bitcoin.




Title: Re: Is Bitcoin for everyone?
Post by: famososMuertos on October 29, 2023, 09:26:46 PM
This is bitcoin discussion board, then, there are  variants on Topic to discussion, (as  investments*, trader*, entrepreneurships*, etc*.)  for anyone, so bitcoin is for everyone, just understand what route* you are going to take.

Anyway, to the question in your title, OP, the answer lies in one of the premises of bitcoin, so bitcoin is not just about looking at the price.

(e.g.)It has been the solution for many people to send money for business, family responsibility, gifts, in short so, knowing bitcoin helps in many ways. It's not all about making profits.


Title: Re: Is Bitcoin for everyone?
Post by: jeraldskie11 on October 29, 2023, 09:46:55 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
I believe Bitcoin is for you. You always sold your investments at a loss. So your problem is that you lack patience, and if you lack patience, you lack discipline. To overcome this situation, you must first expect the price to fall in the opposite direction but believe that it will rise again. Second, you must have an investment strategy and stick to it no matter what. Third, invest only what you can afford to lose. Fourth, read books that will help you improve your psychology, such as Atomic Habits. If you apply all of this in your life, I believe you will be able to overcome your problem of selling too soon.


Title: Re: Is Bitcoin for everyone?
Post by: uche6215 on October 29, 2023, 10:50:26 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
I know that others have also made comments on the topic and some say yes and some say not for everyone but I will say yes because bitcoin is money and money is always meant for everyone to use but the different is the technology behind. And in the new world order technology is taking over everything so that who acknowledge bitcoin and invest in it became part of the technology so it is for everyone one.
Though Others might disagree but the truth is that bitcoin is for everyone.


Title: Re: Is Bitcoin for everyone?
Post by: johnsaributua on October 29, 2023, 11:06:34 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
I know that others have also made comments on the topic and some say yes and some say not for everyone but I will say yes because bitcoin is money and money is always meant for everyone to use but the different is the technology behind, And in the new world order technology is taking over everything so that those who acknowledge bitcoin and invest in it become part of the technology so it is for everyone one.
Though Others might disagree but the truth is that bitcoin is for everyone.
  Yes, if people realize the role of money against bitcoin, of course it will make it more attractive for transactions even if it is just to send money either domestically or outside the country, the benefits taken are speed and low cost for every transaction that bitcoin provides.

  I agree that the blockchain technology that bitcoin has is more effective than person-to-person services regarding privacy and service hours.

  Unfortunately, it is still only a few people who realize the function of the fundamentals and physicality they see and still prefer conventional and ignore privacy including kyc or telling personal matters to retail services.

  Flexible bitcoin can be utilized from a broad perspective, yes investment, money, or even savings assets.


Title: Re: Is Bitcoin for everyone?
Post by: Pi-network314159 on October 29, 2023, 11:29:11 PM
To me I don't see Bitcoin as something that is compulsory for everyone. Ranging from trading, long/short time investment. It's definitely not for everybody if it's for everybody I think even the blind and uneducated would have also joined Bitcoin. but Bitcoin has boundaries, that is to show that Bitcoin is just for few or the strong minded persons. It's not also a game for the weak because you must be strong to accept anything you see just like gamblers who invest huge amount in gambling, if they win or lost its at their own detriment. If you loose, No one to run to or complain it's always tagged invest what you can afford to lose.


Title: Re: Is Bitcoin for everyone?
Post by: karabiber on October 30, 2023, 08:42:42 AM
To me I don't see Bitcoin as something that is compulsory for everyone. Ranging from trading, long/short time investment. It's definitely not for everybody if it's for everybody I think even the blind and uneducated would have also joined Bitcoin. but Bitcoin has boundaries, that is to show that Bitcoin is just for few or the strong minded persons. It's not also a game for the weak because you must be strong to accept anything you see just like gamblers who invest huge amount in gambling, if they win or lost its at their own detriment. If you loose, No one to run to or complain it's always tagged invest what you can afford to lose.

Bitcoin can be used and adopted by everyone. The use of Bitcoin by a select few is not in line with Bitcoin's original purpose. I find it hard to understand why the largest cryptocurrency among the cryptocurrencies that can replace fiat currencies cannot be used by everyone.

Cryptocurrencies can be bought and spent by anyone, anywhere and anytime, without the need for a bank or a government. This is what makes them so innovative. Bitcoin is creating a new form of trust for our future global monetary system. The system behind Bitcoin is completely transparent, based on math and the real consensus of everyday users. It is decentralized and secure. With all this in mind, which do you think would be a better option for our future? Fiat or Bitcoin. I'm sure Bitcoin being used by everyone would be the better option.


Title: Re: Is Bitcoin for everyone?
Post by: rodskee on October 30, 2023, 09:28:24 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
It is for everyone that is interested in keeping and risking , and this is also for those who are not greedy
and not seeking for easy money because if that is your plan here then you are in the wrong place , bitcoin is something we
must trust for the rest of our life and until next generation , this is why such coin must be treated long term and not just
for short term like what others try to impose and do.
those are the loser and mostly the blamer of crypto investment that we have been hearing over the years outside this forum.


Title: Re: Is Bitcoin for everyone?
Post by: Texac on October 30, 2023, 09:31:13 AM
To me I don't see Bitcoin as something that is compulsory for everyone. Ranging from trading, long/short time investment. It's definitely not for everybody if it's for everybody I think even the blind and uneducated would have also joined Bitcoin. but Bitcoin has boundaries, that is to show that Bitcoin is just for few or the strong minded persons. It's not also a game for the weak because you must be strong to accept anything you see just like gamblers who invest huge amount in gambling, if they win or lost its at their own detriment. If you loose, No one to run to or complain it's always tagged invest what you can afford to lose.

Bitcoin can be used and adopted by everyone. The use of Bitcoin by a select few is not in line with Bitcoin's original purpose. I find it hard to understand why the largest cryptocurrency among the cryptocurrencies that can replace fiat currencies cannot be used by everyone.

Cryptocurrencies can be bought and spent by anyone, anywhere and anytime, without the need for a bank or a government. This is what makes them so innovative. Bitcoin is creating a new form of trust for our future global monetary system. The system behind Bitcoin is completely transparent, based on math and the real consensus of everyday users. It is decentralized and secure. With all this in mind, which do you think would be a better option for our future? Fiat or Bitcoin. I'm sure Bitcoin being used by everyone would be the better option.

But you forget one thing this world is controlled by governments, and a functioning economy needs banks, and bitcoin does not need governments and banks.  do you think the government will let bitcoin become popular easily?  Furthermore, bitcoin is only 14 years old and you would expect 8 billion people to use it right away, you are asking too much of bitcoin. not to mention its volatility not everyone likes it, bitcoin is great but it is not perfect to please everyone.


Title: Re: Is Bitcoin for everyone?
Post by: lizarder on November 01, 2023, 04:11:40 PM
But you forget one thing this world is controlled by governments, and a functioning economy needs banks, and bitcoin does not need governments and banks.  do you think the government will let bitcoin become popular easily?  Furthermore, bitcoin is only 14 years old and you would expect 8 billion people to use it right away, you are asking too much of bitcoin. not to mention its volatility not everyone likes it, bitcoin is great but it is not perfect to please everyone.
Bitcoin was not created to please people, but bitcoin can provide financial freedom for anyone who knows how to use it. Governments in this case always have different views on bitcoin and there are some governments that accept bitcoin as an investment asset and others that prohibit it completely. When we are involved in bitcoin, so far we also need a bank when converting to fiat currency and although there are other methods that can be used, such products also have a close relationship with the government.

The essence of Bitcoin is not limited to just one, two or three people, but whoever is able to use it is the one who benefits. At least for us the presence of bitcoin is a solution to achieve a much better stage of financial freedom, compared to the system that existed before. So as long as we can use it to make a profit then do it and don't limit yourself just because of the risk of volatility because nothing is done without risk.


Title: Re: Is Bitcoin for everyone?
Post by: Hewlet on November 01, 2023, 05:19:16 PM
Nothing in life is designed to go out well with everyone no matter how legit, profitable, or how its prospects look. Bitcoin is not an exception. for those of us who know its worth and are at the same time willing to invest in it, Bitcoin is for us and that's why we continue to sensitize people on having the right view of Bitcoin even when the government seems to be kicking against it practice and adoption in so many countries around the world.

Even for those that have accepted it, you have to decide if you want to go into trading, mining, hodl, etc. The politics behind its ban in several countries should send a strong signal that Bitcoin if generally accepted by the population without any restriction on the part of the government has an high tendency of bringing a remarkable change in the current known mode of transactions.


Title: Re: Is Bitcoin for everyone?
Post by: JunaidAzizi on November 01, 2023, 05:41:02 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Bitcoin is not a centralized system and is not transparent everyone watches anything that is going like transactions, etc. If it is not centralized then how you can say that Bitcoin is for selected persons? I ask a little question from you, Does Bitcoin have eyes that see people and identify them that these are selected for profit and this one does not? Brother this all are misconception all you need is to know when to buy the coins. It's quite simple just go and wait for the dump of Bitcoin when it dumps then invest and hold it for some time not for 1 month or 2 months at least you can hold it for 6 months. Increase your level of patience and wait for the right time when Bitcoin is going up, you can sell your coins at that time, and when bearish comes again do the simple and easy strategy.


Title: Re: Is Bitcoin for everyone?
Post by: DeathAngel on November 01, 2023, 06:43:01 PM
Bitcoin was created to separate money from state, to empower the people. It is absolutely for everybody, it’s for everybody & anybody who wants to escape the system & provide self sovereignty for themselves & their families. Once you enter the world of bitcoin you will not want to go back.


Title: Re: Is Bitcoin for everyone?
Post by: bayu7adi on November 01, 2023, 06:43:25 PM
Bitcoin is not a centralized system and is not transparent everyone watches anything that is going like transactions, etc. If it is not centralized then how you can say that Bitcoin is for selected persons?
Maybe what the OP means is that whales have more Bitcoin from the start, so they have the potential to make bigger profits than newcomers. We know that Satoshi's wallet is currently sleeping, and no one knows that one day whether his wallet will wake up or not. Yes, at least the contents of the wallet are large enough to pose a bearish market threat when 1 million BTC is transacted on even the most well-known exchangers.

We don't know the truth, as long as you love documentaries and conspiracies, anything can happen and Bitcoin will probably end when it all comes to light.

But if Bitcoin has a solid network and monopoly does not exist. I believe this network can survive much longer and make a big contribution to the Bitcoin community. The current price of BTC is very volatile and this could make it continue to rise every year if there are no issues with errors in the Blockchain and the whales are certain not to interfere in the trading monopoly.


Title: Re: Is Bitcoin for everyone?
Post by: Zoomic on November 01, 2023, 08:38:06 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
In every thing in life, everyone is not favoured. Be it business, there are people who succeeds in business while others will also fail in the same business. This happens to relate to luck and also knowledge. A good business man will always tend to succeed while a bad business man will always tend to lose money.

This same thing is applicable in your case. Someone who is knowledgeable about bitcoin will always know the right time to buy or sell. The person will also know about halving and its effects. With this little knowledge, thatbwill be difference between you and someone who is knowledgeable.


Title: Re: Is Bitcoin for everyone?
Post by: Mr.suevie on November 01, 2023, 08:50:27 PM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Funny how you say if Bitcoin is for everyone, I want to ask you a simple question mate, is fiat currency for everyone because people still acquire loses even in their fiat saving and transaction due to lack of planning and understanding but that doesn't mean that it's actually for selected person's because I believe that's actually the sequence of life as not everyone is supposed to experience profit in all they do because not everyone has the same discipline and  understanding.


Title: Re: Is Bitcoin for everyone?
Post by: Furious 7 on November 01, 2023, 08:53:13 PM
Bitcoin was created to separate money from state, to empower the people. It is absolutely for everybody, it’s for everybody & anybody who wants to escape the system & provide self sovereignty for themselves & their families. Once you enter the world of bitcoin you will not want to go back.
I am still bothered by saying that bitcoin is for everyone, because in this case I believe that everyone has a choice, meaning that with the fact that currently happens that there are still bitcoins that don't want it, it means that it already indicates that bitcoin is not for everyone but for those who want it and choose it as their handle.
In the end, the concept is the same as adoption where when someone accepts bitcoin it means that bitcoin is for them but on the other hand when there are still those who do not expect bitcoin and prefer it to other things then it indirectly means that bitcoin is not intended for them so that the concept of bitcoin for everyone is something that is not right in my opinion.


Title: Re: Is Bitcoin for everyone?
Post by: Hypnosis00 on November 01, 2023, 09:33:58 PM
We need to understand that fact that we all have different preferences and investment interests, and of course, different capabilities.
And to say also that not all were able to appreciate Bitcoin as a good or valuable investment or even think it could be a useful currency in the future. In this instance, we can say that Bitcoin is not for everyone and we know that some have tried investing Bitcoin but later on they quit --this is an example that not all are happy and will stay in crypto.
Too impossible to see someone invest if they have these things,
 - lack of knowledge
 - lack of interest
 - lack of funds
 - negative mindset


Title: Re: Is Bitcoin for everyone?
Post by: Ryu_Ar1 on November 01, 2023, 09:39:51 PM
We need to understand that fact that we all have different preferences and investment interests, and of course, different capabilities.
And to say also that not all were able to appreciate Bitcoin as a good or valuable investment or even think it could be a useful currency in the future. In this instance, we can say that Bitcoin is not for everyone and we know that some have tried investing Bitcoin but later on they quit
Freedom of opinion and freedom of choice is an important basis for knowing that this is a good thing for everyone or not, reading the whole of what you said actually indirectly shows that bitcoin will only exist for those who want it. Everyone can be in bitcoin but in the end everyone will not be able to get the same results or experience because in this case there is a kind of selection that is not too explicit but there depends on your seriousness to bitcoin that determines whether you deserve to be in bitcoin or not because if you are not able to deal with the pressure and consequences that exist then never touch this because it will only make you miserable and feel cheated like many people who leave when they lose.


Title: Re: Is Bitcoin for everyone?
Post by: Rengga Jati on November 01, 2023, 09:45:07 PM
I am asking this because not everyone has made tangible profit for holding.
Why not?
Bitcoin is for everyone. The question is, what about Bitcoin? Can you optimize your investment in Bitcoin or not. Or just make investing in Bitcoin a normal thing. So that the investment preparation is normal. Many people invest by holding long-term in Bitcoin. And the results. This also depends on each individual. However, as long as you follow the cycle, it will usually bear very sweet fruit.

Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate
This is not a matter of luck or not, but rather our preparation and ability to invest in Bitcoin. As long as it is something that is considered important, but if we don't prepare and strategize well and wisely, it won't end well. In this case, when you want to invest, make sure that the capital you use will not interfere with your activities or expenses. So that you will not use the money for a certain period of time or suddenly. On the other hand, you also have to have savings so that whenever conditions are urgent, you can have enough.

But this will be different when you don't have savings and have an emergency. In the end, you also can't do much. Selling Bitcoin at a loss is of course really depressing. But it's all fate if you've tried but it still doesn't work. At least, it's okay to try your best. Because sometimes we don't understand each other's position...


Title: Re: Is Bitcoin for everyone?
Post by: gunhell16 on November 01, 2023, 10:25:20 PM
To me I don't see Bitcoin as something that is compulsory for everyone. Ranging from trading, long/short time investment. It's definitely not for everybody if it's for everybody I think even the blind and uneducated would have also joined Bitcoin. but Bitcoin has boundaries, that is to show that Bitcoin is just for few or the strong minded persons. It's not also a game for the weak because you must be strong to accept anything you see just like gamblers who invest huge amount in gambling, if they win or lost its at their own detriment. If you loose, No one to run to or complain it's always tagged invest what you can afford to lose.

If we just expand our understanding and are open to what Bitcoin really is, we will understand the deep purpose of Bitcoin and why Satoshi Nakamoto created it. And most people also know and almost cannot even count the people who have been helped by Bitcoin because Bitcoin does not discriminate.

Apart from that, as long as it is sincere in your heart to know this and recognize that it will really help you, it will really help us in our lives. It's that simple that there's no difference when you're offered a good job opportunity; if you don't accept it, you won't get a good salary. That's how simple it is to understand.


Title: Re: Is Bitcoin for everyone?
Post by: Essential10 on November 02, 2023, 12:06:22 AM
I think not for everyone. The first lesson in investing is that you need to understand that becoming an investment magnate is a rare occurrence.  This incident basically doesn't happen to everyone now it's statically impossible for it to happen to you. Those who are rich by investing are always already rich. How big your dreams can be is limited by the money cap. Now, if more money is spent, it does not mean that the ricks will be more. Rich people take this advantage more. I think after investing in all aspects of life, you can invest in bitcoin if you still have some money.


Title: Re: Is Bitcoin for everyone?
Post by: rojan on November 02, 2023, 03:24:39 PM
I think not for everyone. The first lesson in investing is that you need to understand that becoming an investment magnate is a rare occurrence.  This incident basically doesn't happen to everyone now it's statically impossible for it to happen to you. Those who are rich by investing are always already rich. How big your dreams can be is limited by the money cap. Now, if more money is spent, it does not mean that the ricks will be more. Rich people take this advantage more. I think after investing in all aspects of life, you can invest in bitcoin if you still have some money.
I have made big profit several times by investing in Bitcoin. But I think it is safe to invest in Bitcoin, but if you invest a small amount of money in Bitcoin, you can't get much profit.  Although there is a gain in some coins, there is a possibility of losing all the money. That's why I always prefer bitcoin to invest. Now I don't think it's the right time to invest, so now I will stay away from investing in bitcoin and after a few days it will be fine.  I will invest.